Our 6th update on Bitfinex BABUSD to Huobi DM BCH_CQ since 5th December 2019. On the 10th August 2019 we added tracking of Kraken's XETHZUSD and Binance's ETHBTC spread, today you can get 0.2083% return executing this recommendation as it is currently showing decent this Sunday, the combination is sitting at 148.380285 as of 8th December from 11:41 looking at profit of 0.00004106 bitcoin with every one BTC spent. Since we began we have seen the spread height of 191.558812 since the 1st of December 2019. In the last 24 hours the spread reached a high of 148.830142 meaning -87.981141 decrease from the year high making a 37.15% change from that high. Kraken and Binance's XETHZUSD and ETHBTC is positioned 113th from 205 combinations monitored. This arbitrage opportunity isn't looked upon as a crazy change, and not in the same league as Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should take you.
8th December 2019 11:41:44 UTC - 41 weeks ago
Kraken XETHZUSD @ 148.40000000
Binance ETHBTC @ 0.01971500
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004106 BTC with a 0.2083% return
Bitcoin Trade Size
This pays a profit of 0.001725 bitcoin when you spend 42 BTC of XETHZUSD at Kraken at the price of 148.40000000 and buy the very same quantity of 42 bitcoin of ETHBTC at Binance priced at 0.01971500 bringing a $12.96 net gain with bitcoin holding at 7,512 USD. Presently the advice is to that you should examine this more, this will return a profit when performed to the amount of 0.00004106 for every 1 bitcoin. Everything shown says indicates that the gains would be risky placing doubt to proceed especially considering the choice of Bitmex ETHUSD to Poloniex BTC_ETH returning 0.01977340 BTC return 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 8th December 2019 11:41:44, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.