Bitmex's XBTUSD and Binance's BTCUSDC reached a seven day high on the 9th February 2020 at 02:54 indicating a 49% decrease from the 60 day high of 140, making a spread of -68.55 in 11 days, the pairing is sitting at 13.53 at 10:06 today looking at profit of 0.00169732 bitcoin with every 1 BTC exchanged. Since tracking begun we have viewed its pairing top out at 140 since the beginning of February. In the last 24 hours the spread reached a high of 58.51 resulting in a -236.99 decrease this year providing a 80.20% change from that spread. Bitmex's XBTUSD and Binance's BTCUSDC pairings is positioned 64th out of a possible 252 we track. This arbitrage combination isn't a great movement, and not the same as HBDM BTC_CQ to Bitfinex BTCF0:USTF0 and Bitmex XBTM20 to Binance BTCUSDT which should be more attractive.
12th February 2020 10:06:22 UTC - 2 weeks ago
Bitmex XBTUSD @ 10273.50000000
Binance BTCUSDC @ 10259.97000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00169732 BTC with a 0.1697% return
Bitcoin Trade Size
This nets a profit of 0.066195 bitcoin when you offload 39 BTC of XBTUSD at Bitmex at the current price of 10,273.50 and order the corresponding volume of 39 BTC of BTCUSDC at Binance set at 10,259.97 providing a 678.60 USD net gain with bitcoin trading at 10,252 USD. We propose you look at the arbitrage spreads opportunities, this will return a profit if performed to the tune of 0.00169732 for each one bitcoin. With everything reported it seems points that the profits would be very small placing doubt to proceed, specifically when you have the profits given by Bitmex XBTM20 to Binance BTCUSDT providing 0.05973439 bitcoin return per one bitcoin now.
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 12th February 2020 10:06:22, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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