Since the 3rd May 2019 we have been covering Kraken to Binance with XXBTZUSD BTCPAX arbitrage combination, these past 4 minutes there is an available 0.215% return executing this trade as it is temporarily displaying decent arbitrage return this Wednesday, the combination is positioned at -1.84 as of 12th February from 10:35:44 with a profit of 0.00214798 bitcoin for every one BTC spent. Since we began we have watched a pairing high of 40.02 since the beginning of February 2020. In the last 24 hours the spread reached a high of 28.49 resulting in a -752.01 shortening from the year high making a 96% decrease of that previous height. Kraken to Binance with XXBTZUSD BTCPAX is 64th out of the 258 combinations. This spread isn't superb opportunity, and not the same as HBDM BTC_CQ to Bitstamp BTCUSD and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
12th February 2020 10:35:44 UTC - 8 weeks ago
Kraken XXBTZUSD @ 10335.30000000
Binance BTCPAX @ 10337.14000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00214798 BTC with a 0.215% return
Bitcoin Trade Size
This pays a profit of 0.05262551 BTC when you close 24.5 bitcoin of XXBTZUSD at Kraken at the market price of 10,335.30 and buy the very same amount of 24.5 BTC of BTCPAX at Binance set at 10,337.14 meaning a 543.04 USD profit with bitcoin trading at $10,319 per one bitcoin. For the time being look at the arbitrage opportunities opportunities, as it would return a profit when performed to the sound of 0.002148 for each 1 bitcoin. The thought process indicates that the gains will be stunted placing doubt to proceed, specifically when presented with the profits granted by Bitmex XBTM20 to Binance BTCUSDT providing 0.06090501 BTC return per 1 BTC as of right now.
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 12th February 2020 10:35:44, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.