Kraken's XETHZUSD and Bitfinex's ETHUSD combination pairs reached a fourteen day high on the 29th April 2020 at 18:03 indicating a 87.5% shortening from the sixty day high of 16.23, signaling a spread of -14.2 in 48 days, the match is positioned at 0.41 from 06:30:58 today looking at profit of 0.00004650 BTC with every one bitcoin spent. Since tracking proceeded we have witnessed a range high of 2.06 in the past month. In the last 24 hours the spread reached a high of 1.27 resulting in a -24.69 short from the year high providing a 95.11% shortening. Kraken's XETHZUSD and Bitfinex's ETHUSD is placed 115th from a pool of 228 arbirtage opportunities. This arbitrage opportunity is not a fanciful change, and not profitable like HBDM BTC_CQ to Huobi BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should be considered.
5th May 2020 06:30:58 UTC - 14 weeks ago
Kraken XETHZUSD @ 208.94000000
Bitfinex ETHUSD @ 208.53000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004650 BTC with a 0.201% return
Bitcoin Trade Size
This contributes to a profit of 0.00113135 BTC if you invest 24.33 BTC of XETHZUSD at Kraken at the current price of 208.94000000 and buy the duplicate quantity of 24.33 BTC of ETHUSD at Bitfinex for 208.53000000 bringing a 10.22 USD profit with BTC fixed at $9,032. Our recommendation is to that you should examine this more, this will return a profit when executed to the tune of 0.00004650 for each 1 BTC. The information provided indicates that the profits would be stunted rendering it not worthwhile when you pay exchange and transfer fees, and especially when presented with the profits granted by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02314375 bitcoin return per one BTC as of 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 May 2020 06:30:58, 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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