Bitstamp's BTCUSD and Binance's BTCTUSD reached a seven day period high on the 22nd November 2019 at 14:51 marking a 91.3% decrease from the 90 day high of 590.43, making a difference of -538.95 in 28 days, the match is sitting at 2.95 at 15:16 today looking at profit of 0.00180640 bitcoin with every one BTC spent. Since tracking started we have verified a spread high of 100.64 since the beginning of November 2019. In the last 24 hours the spread reached a high of 29.1 meaning -561.33 short from the year high making a 95.07% contraction from that spread. Bitstamp's BTCUSD to Binance's BTCTUSD is 37th currently. This arbitrage opportunity isn't a crazy change, and not in the same league as Bitfinex BTCUSD to HBDM BTC_CW and Bitmex ETHUSD to Poloniex BTC_ETH which should take your cash.
26th November 2019 15:16:43 UTC - 32 weeks ago
Bitstamp BTCUSD @ 7052.65000000
Binance BTCTUSD @ 7049.70000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00180640 BTC with a 0.181% return
Bitcoin Trade Size
This gives a profit of 0.054 BTC if you auction 30 BTC of BTCUSD at Bitstamp at the current price of 7,052.65 and order the twin quantity of 30 bitcoin of BTCTUSD at Binance set at 7,049.70 giving a 381.14 USD gain with bitcoin trading at $7,058. Presently you will want to explore this pairing more, as it would result in profit if done to the amount of 0.0018064 per 1 BTC. The general idea indicates that the gains would be inadequate placing doubt to proceed when you factor in exchange and transfer costs, and, notably when given the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.02051927 bitcoin return per one bitcoin 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 26th November 2019 15:16:43, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
Arbitrage and Bitcoin go hand in hand. In fact arbitrage is the one thing that has given Bitcoin its meaning and worth in the true sense. For new traders to this niche, let me clarify what arbitrage is.