Kraken's XETHZUSD and Binance's ETHUSDT reached a twenty eight day period high on the 26th October 2019 indicating an overall 38% shortening from the sixty day high of 5.59, signaling a spread of -2.12 over the 31 days, the pairing is sitting at 0.45 at 16:06 today with a profit of 0.00005413 BTC for every one bitcoin traded. Since tracking started we have verified the spread height of 3.47 since the beginning of October 2019. In the last 24 hours the spread reached a high of 0.87 resulting in a -32.59 shortening this year resulting in a 97% shortening. Kraken and Binance's XETHZUSD and ETHUSDT is positioned 118th currently. This arbitrage opportunity should not be considered superb occurrence, and not profitable like HBDM BTC_CQ to Binance BTCPAX and Binance ETHUSDT to Kraken XETHXXBT which should be followed.
31st October 2019 16:06:16 UTC - 2 weeks ago
Kraken XETHZUSD @ 182.49000000
Binance ETHUSDT @ 182.04000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00005413 BTC with a 0.27% return
Bitcoin Trade Size
This harvests a profit of 0.00438 BTC when you leverage 81 BTC of XETHZUSD at Kraken at the current price of 182.49000000 and order the duplicate size of 81 bitcoin of ETHUSDT at Binance set at 182.04000000 providing a $40.46 gain with bitcoin holding at $9,237. For the time being we recommend to look more seriously at this pairing, as it would provide profit when carried out to the amount of 0.0000541 for every one bitcoin. The general idea points that the gains will be meager rendering it not worthwhile, specifically considering the availability of Binance ETHUSDT to Kraken XETHXXBT returning 0.01970258 BTC profit per 1 bitcoin 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 31st October 2019 16:06:16, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.