Kraken's XXBTZUSD and Binance's BTCPAX pairings reached a seven day high on the 28th November 2019 marking a 54% decrease from the 60 day high of 183.69, making a difference of -98.59 during the 34 days, the match is sitting at 3.24 as of 2nd December from 13:02:38 with a profit of 0.00202080 bitcoin with every 1 bitcoin spent. Since tracking begun we have seen the arbitrage height of 85.1 since the 1st of December 2019. In the last 24 hours the spread reached a high of 12.82 resulting in a -767.68 shortening on the year creating a 98.36% change. Kraken to Binance with XXBTZUSD BTCPAX is placed 42nd from a pool of 219 spreads we track. This arbitrage spread isn't a great action, and should be treated as such with Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should appeal more.
2nd December 2019 13:02:38 UTC - 2 weeks ago
Kraken XXBTZUSD @ 7311.20000000
Binance BTCPAX @ 7307.96000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00202080 BTC with a 0.2021% return
Bitcoin Trade Size
This contributes to a profit of 0.008083 BTC if you close 4 bitcoin of XXBTZUSD at Kraken at the market price of 7,311.20 and order the same size of 4 bitcoin of BTCPAX at Binance set at 7,307.96 resulting in 59.00 USD profit with BTC fluttering at $7,299. At this moment we recommend analyze this arbitrage pairing more, as it would return a profit when carried out to the sound of 0.002021 for each 1 bitcoin. The opportunity though points that the gains would be rendering it not worthwhile, chiefly when given the opportunity of Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.02042438 BTC profit per 1 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 2nd December 2019 13:02:38, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.