Bitmex's ETHUSDM20 and Bitfinex's ETHUSD combo pairs reached a 7 day high on the 2nd June 2020 showing a 32% shortening from the 90 day high of 20.64, confirming a spread of -6.53 during the 24 days, the combination is positioned at 8.11 at 01:42 today with a profit of 0.00085320 bitcoin for every 1 bitcoin exchanged. Since we began we have seen its range top out at 20.64 since June began. In the last 24 hours the spread reached a high of 9.03 meaning -11.61 shortening from the year high signalling a 56.25% contraction from that high. Bitmex's ETHUSDM20 and Bitfinex's ETHUSD combination pairs is placed 67th currently. This arbitrage spread is not treated as a fantastic activity, and not the same as HBDM BTC_CQ to Kraken XXBTZUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take your cash.
6th June 2020 01:42:19 UTC - 5 weeks ago
Bitmex ETHUSDM20 @ 248.70000000
Bitfinex ETHUSD @ 240.51000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00085320 BTC with a 3.41% return
Bitcoin Trade Size
This provides a profit of 0.00767880 bitcoin when you spend 9 BTC of ETHUSDM20 at Bitmex at the price of 248.60000000 and buy the exact quantity of 9 bitcoin of ETHUSD at Bitfinex set at 240.49000000 giving a 73.71 USD profit with BTC holding at $9,599. Today we recommend to look more seriously at this pairing, as it would return a profit when done to the tune of 0.000853 to each one bitcoin. The data displayed indicates that the profits will be rendering it not worthwhile when you recognize transfer and exchange fees, and especially when you have the profits unlocked by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02505680 bitcoin profit per 1 BTC as of 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 6th June 2020 01:42:19, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.