Since the 6th August 2019 we have been tracking of Bitfinex ETHUSD to Kraken XETHZUSD arbitrage opportunities, as of now you can get 0.7705% return executing this recommendation as it is temporarily holding decent return today, the pairing is sat at 1.13 from 15:34:57 today with a profit of 0.00015625 BTC with every one bitcoin spent. Since tracking proceeded we have seen its top out at 2.58 since December began. In the last 24 hours the spread reached a high of 1.33 meaning -2.05 short from the year high making a 60.7% change. Bitfinex Kraken with ETHUSD XETHZUSD is positioned 90th currently. This arbitrage opportunity is not treated as a fanciful action, and nowhere near Bitfinex BTCUSD to Bitfinex BTCUST and Bitmex ETHUSD to Poloniex BTC_ETH which should be more attractive.
2nd December 2019 15:34:57 UTC - 31 weeks ago
Bitfinex ETHUSD @ 149.09000000
Kraken XETHZUSD @ 147.96000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00015625 BTC with a 0.7705% return
Bitcoin Trade Size
This pays a profit of 0.00656 BTC when you risk 42 BTC of ETHUSD at Bitfinex at the price of 149.09000000 and order the corresponding amount of 42 BTC of XETHZUSD at Kraken set at 147.96000000 bringing a $47.86 net gain with bitcoin holding at 7,296 USD. We propose you that you should examine this more, as it would return a profit when executed to the amount of 0.00015625 for every 1 bitcoin. The thought process indicates that the profits would be very small causing needed doubt to proceed especially when given the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH providing 0.02030989 bitcoin profit per one bitcoin for the time being.
Disclaimer : We are not financial consultants and all financial transactions are the responsbility of the user, this information provided is only valid at the timestamp of 2nd December 2019 15:34:57, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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