Menu

Search

Menu

Search

FxWirePro: Crypto arbitrage opportunity for the day

As the cryptocurrency avenue shows the spark of bullish pressure from the recent past, pricing disparities at different exchanges offer to lure arbitrage opportunities to exploit. As the potential yields may vary from exchange to exchange, Bitcoin and its peer group and counterparts have spiked off considerably since the beginning of this year, the previous bullish momentum has regained. 

Well, the triangular trading options could fetch us a handsome sum of returns, the following instances would bring-in such opportunities owing to the pricing differences.

BTCUSD at Bitfinex and BTCUSD at Bittrex:

Please be noted that the BTC pricing against the dollar at the same two different exchanges, BTCUSD at Bitfinex and BTCUSD at Bittrex. There exists a disparity in their respective prices $5285 at Bitfinex and $5259 at Bittrex. Thereby, buying Bitcoin on the Bittrex exchange with USD and transferring the bitcoin and converting it back into USD on Bitfinex likely to derive a profit of just over 0.50%. 

XRPUSD at Bitfinex and XRPUSD at Bittrex:

As you could observe the XRP pricing against the dollar at two different exchanges, namely, XRPUSD at Bitfinex and XRPUSD at Bittrex. Please be noted that the existence of a disparity in their respective prices 0.3400 at Bitfinex and 0.3370 at Bittrex. Buying XRP on the Bittrex exchange with USD and transferring the same and translating it back into USD on Bitfinex allows us to derive considerable returns, Likewise, ETH also renders similar results. Thereby, buying Bitcoin on the Bittrex exchange with USD and transferring the bitcoin and converting it back into USD on Bitfinex likely to derive a profit of just over 0.50%.

Same has been the case with ETHUSD at Bitfinex and ETHUSD at Bittrex:

ETHUSD on Bitfinex and ETHUSD on Bittrex is at $172.74 and $166.3986 respectively. Thus, procuring Ethereum on the Bittrex exchange using USD and transferring the same and converting it back to USD on Bitfinex would lead to a profit of just over 3.81%.

Well, overall Bitcoin arbitrage is an opportunistic method of buying Bitcoins on one trading platform and selling them at another, where the price is higher. One can take the benefit of the price differentials existing in different exchanges.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 165 levels (which is highly bullish), and hourly USD spot index has bearish index is creeping at 116 (bullish) while articulating (at 13:21 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824311824311m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 824311824311m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 812491812491m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.