Kraken XXBTZUSD to Bitmex XBTUSD reached a 28 day high on the 22nd November 2019 at 14:10 marking a 55% decrease from the ninety day high of 181.6, making a difference of -99.1 during the 59 days, the match currently is spread at 10.5 from 12:28:00 today with a profit of 0.00151651 bitcoin with every 1 BTC exchanged. Since we began we have watched this spread topping off at 27.7 in the past month between Kraken and Binance. In the last 24 hours the spread reached a high of 19.9 meaning -161.7 short on the year signalling a 89.0% contraction from that high. Kraken's XXBTZUSD and Bitmex's XBTUSD combo pairs is positioned 43rd out of the 214 positions. This combination isn't treated as a crazy change, and not in the same league as Bitfinex BTCUSD to Bitstamp BTCUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take your trading euros.
2nd December 2019 12:28:00 UTC - 8 weeks ago
Kraken XXBTZUSD @ 7260.00000000
Bitmex XBTUSD @ 7249.50000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00151651 BTC with a 0.152% return
Bitcoin Trade Size
This gives an income of 0.0359 BTC when you spend 23.6667 bitcoin of XXBTZUSD at Kraken at the price of 7,260.00 and buy the interchangable size of 23.6667 BTC of XBTUSD at Bitmex set at 7,249.50 giving a 260.40 USD net gain with BTC stable at $7,254. For the time being read up on this arbitrage opportunity more, as it would result in profit if done to the amount of 0.00151651 for each 1 BTC. The opportunity though indicates that the profits would be confined rendering it not worthwhile when you contemplate exchange commissions, and, chiefly when you consider the opportunity of Bitmex ETHUSD to Poloniex BTC_ETH providing 0.02037351 BTC profit per 1 bitcoin 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 2nd December 2019 12:28:00, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.