On 5th August 2019 executium included monitoring of Bitmex and Binance XBTUSD to BTCTUSD spread, currently there is an available 0.185% return swapping this trade as it is temporarily holding constant this week, the match is positioned at 10.31 as of 12th February 2020 from 10:05:27 with a profit of 0.00185010 BTC for every 1 BTC traded. Since tracking proceeded we have viewed its pairing top out at 93.65 since February began. In the last 24 hours the spread reached a high of 48.51 resulting in a -785.49 shortening on the year marking a 94% contraction of that previous height. Bitmex's XBTUSD and Binance's BTCTUSD match up is positioned 63rd currently. This arbitrage combination isn't a crazy change, and not in the same league as HBDM BTC_CQ to Bitfinex BTCUSD and Bitmex XBTM20 to Binance BTCUSDT which should appeal more.
12th February 2020 10:05:27 UTC - 7 weeks ago
Bitmex XBTUSD @ 10274.00000000
Binance BTCTUSD @ 10263.69000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00185010 BTC with a 0.185% return
Bitcoin Trade Size
This gives a profit of 0.0585927 BTC when you offload 31.67 bitcoin of XBTUSD at Bitmex at the market price of 10,274.00 and order the interchangable amount of 31.67 BTC of BTCTUSD at Binance priced at 10,263.69 giving a 600.80 USD profit with bitcoin stable at $10,254. Presently the advice is to look at this more, as it would provide profit if performed to the tune of 0.001850 for each one bitcoin. The data returned points that the gains will be inadequate making it not worthwhile when you acknowledge costs, and considering the option of Bitmex XBTM20 to Binance BTCUSDT providing 0.05941005 bitcoin return per 1 bitcoin this Wednesday.
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 10:05:27, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.