Our 9th update on Bitmex and Binance ETHUSD to ETHUSDT since 21st March 2020. Bitmex ETHUSD to Binance ETHUSDT reached a 28 day high on the 28th May 2020 at 12:44 showing a 96.7% decrease from the 90 day high of 71.02, confirming a difference of -68.7 during the 76 days, the combination is positioned at 0.32 as of 30th May from 04:50:22 with a profit of 0.00003567 bitcoin for every one BTC traded. Since tracking proceeded we have verified the arbitrage height of 2.32 since the beginning of May. In the last 24 hours the spread reached a high of 0.74 meaning -70.28 short from the year high creating a 99.0% change from that top spread. Bitmex's ETHUSD and Binance's ETHUSDT pairings is placed 125th currently. This arbitrage combination should not be considered a high yield action, and should be considered as such with HBDM BTC_CQ to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take your attention.
30th May 2020 04:50:22 UTC - 6 weeks ago
Bitmex ETHUSD @ 228.65000000
Binance ETHUSDT @ 228.33000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003567 BTC with a 0.15% return
Bitcoin Trade Size
This renders a profit of 0.001124 BTC if you risk 31.5 bitcoin of ETHUSD at Bitmex at the price of 228.65000000 and order the very same quantity of 31.5 BTC of ETHUSDT at Binance for 228.33000000 yielding a $10.71 profit with bitcoin holding at $9,533. Our recommendation is to read up on this arbitrage opportunity more, as it would provide profit when done to the sound of 0.0000357 for every one BTC. With everything shown, details confirm indicates that the gains will be poor causing doubt to proceed especially when presented with the option of Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02398300 bitcoin return per 1 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 30th May 2020 04:50:22, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.