Since the 3rd May 2019 we have been supporting of Kraken Binance with XXBTZUSD BTCPAX spread, as of now you can get 0.173% return executing this trade as it is currently showing constant arbitrage return since Friday, the pairing is sat at -2.91 from 16:17:20 today looking at profit of 0.00172679 bitcoin for every one bitcoin exchanged. Since we began we have seen its spread top out at 85.1 since the 1st of December 2019. In the last 24 hours the spread reached a high of 14.32 resulting in a -766.18 shortening this year marking a 98% change of that previous height. Kraken's XXBTZUSD to Binance's BTCPAX is placed 42nd currently. This arbitrage combination isn't a special occurrence, and not profitable like HBDM BTC_CQ to Binance BTCPAX and Bitfinex ETHBTC to Bitmex ETHZ19 which should take your attention.
14th December 2019 16:17:20 UTC - 6 weeks ago
Kraken XXBTZUSD @ 7037.50000000
Binance BTCPAX @ 7040.41000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00172679 BTC with a 0.173% return
Bitcoin Trade Size
This nets an income of 0.1036074 BTC if you put up 60 bitcoin of XXBTZUSD at Kraken at the market price of 7,037.50 and buy the very same volume of 60 bitcoin of BTCPAX at Binance priced at 7,040.41 providing a 729.60 USD gain with the current price of bitcoin set at 7,042 USD. Presently you will want to look at the spread opportunities, as it would return a profit when carried out to the tune of 0.0017268 per one BTC. With everything reported it seems points that the gains will be confined rendering it not worthwhile, notably when you have the choice of Bitfinex ETHBTC to Bitmex ETHZ19 returning 0.02012714 bitcoin profit per 1 bitcoin for the time being.
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 14th December 2019 16:17:20, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.