Our 25th update on Bitfinex BTCUSD to Huobi Pro BTCUSDT since 21st February 2020. Bitmex's XBTUSD and Binance's BTCUSDC match up reached a seven day high on the 19th February indicating an overall 25.86% shortening from the 90 day high of 154.76, confirming a spread of -40.02 over 4 days, the combination currently is spread at 8.54 as of 23rd February 2020 from 07:07:43 looking at profit of 0.00155038 BTC for every 1 bitcoin traded. Since tracking begun we have seen the spread height of 154.76 in the past month. In the last 24 hours the spread reached a high of 17.98 meaning -277.52 shortening this year marking a 94% decrease from that high. Bitmex's and Binance's XBTUSD to BTCUSDC is 77th out of 243 arbitrage combinations monitored. This arbitrage spread isn't a special occurrence, and nowhere near HBDM BTC_CQ to Bittrex USD-BTC and Bitmex XBTM20 to Binance BTCUSDT which should be followed.
23rd February 2020 07:07:43 UTC - 40 weeks ago
Bitmex XBTUSD @ 9917.50000000
Binance BTCUSDC @ 9908.96000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00155038 BTC with a 0.155% return
Bitcoin Trade Size
This contributes to a profit of 0.011 BTC when you put up 7.3333 bitcoin of XBTUSD at Bitmex at the market price of 9,917.50 and order the same quantity of 7.3333 bitcoin of BTCUSDC at Binance for 9,908.96 yielding a $108.70 gain with bitcoin dangling at 9,881 USD. Currently we recommend that you inquire this pairing more, as it would return a profit when done to the tune of 0.00155038 per one bitcoin. The opportunity though indicates that the gains would be narrow rendering it not worthwhile, specifically when you have the choice of Bitmex XBTM20 to Binance BTCUSDT returning 0.05271947 BTC return per one BTC at present.
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 23rd February 2020 07:07:43, 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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