Our 8th update on Bitmex XBTZ19 to Binance BTCUSDT since 2nd December 2019. Bitmex's XBTZ19 and Binance's BTCUSDT match up reached a twenty eight day high on the 10th November 2019 indicating an overall 82.36% shortening from the sixty day high of 1131, making a spread of -931.5 over 16 days, the combination is sat at 26.26 from 13:41:09 today looking at profit of 0.00354606 BTC with every one bitcoin exchanged. Since tracking begun we have witnessed a high reach of 199.5 since the beginning of December 2019. In the last 24 hours the spread reached a high of 62.26 meaning -1068.74 decrease from the year high making a 94% shortening. Bitmex XBTZ19 to Binance BTCUSDT is positioned 26th currently. This arbitrage combination isn't a premium change, and not profitable like Bitfinex BTCUSD to Bitfinex BTCF0:USTF0 and Bitmex ETHUSD to Poloniex BTC_ETH which should be more attractive.
5th December 2019 13:41:09 UTC - 8 weeks ago
Bitmex XBTZ19 @ 7434.50000000
Binance BTCUSDT @ 7408.24000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00354606 BTC with a 0.35% return
Bitcoin Trade Size
This nets a profit of 0.0833 BTC if you close 23.5 bitcoin of XBTZ19 at Bitmex at the market price of 7,434.50 and order the interchangable volume of 23.5 BTC of BTCUSDT at Binance priced at 7,408.24 yielding a 617.11 USD profit with bitcoin holding at 7,408 USD per 1 BTC. Right now we recommend look into this, as it would result in profit if performed to the sound of 0.0035461 per 1 BTC. The data returned indicates that the gains would be risky causing needed doubt to proceed when you draft in exchange costs, and especially when presented with the opportunity of Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.02000883 bitcoin profit per one bitcoin at this moment.
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 5th December 2019 13:41:09, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.