Since the 9th November 2019 we have been capturing information of Bitmex's and Binance Futures's XBTZ19 to BTCUSDT arbitrage opportunities, currently there is an available 0.34% return running this trade as it is temporarily displaying reliable this Monday, the match is sitting at 24.5 as of 2nd December from 12:28 looking at profit of 0.00338233 bitcoin with every one bitcoin spent. Since we began we have verified its arbitrage top out at 163.94 this year alone. In the last 24 hours the spread reached a high of 51.02 meaning -112.92 shortening on the year marking a 68.9% shortening from that high. Bitmex Binance Futures with XBTZ19 BTCUSDT is placed 27th out of 222 we support. This arbitrage opportunity should not be considered a crazy occurrence, and nowhere near Bitfinex BTCUSD to Bitstamp BTCUSD and Binance ETHBTC to Kraken XETHXXBT with it being more attractive.
2nd December 2019 12:28:27 UTC - 2 weeks ago
Bitmex XBTZ19 @ 7282.50000000
Binance Futures BTCUSDT @ 7258.00000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00338233 BTC with a 0.34% return
Bitcoin Trade Size
This results in a profit of 0.103736 bitcoin when you devote 30.67 bitcoin of XBTZ19 at Bitmex at the market price of 7,282.50 and buy the matched volume of 30.67 BTC of BTCUSDT at Binance Futures for 7,258.00 resulting in $753.25 profit with bitcoin stable at 7,261 USD. Our recommendation this afternoon is to look at the combination opportunities, as it would return a profit when done to the amount of 0.0033823 per one BTC. With the information on hand indicates that the profits will be very small making it not worthwhile considering the choice of Binance ETHBTC to Kraken XETHXXBT providing 0.02037120 BTC profit per one BTC right 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 2nd December 2019 12:28:27, 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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