Our 3rd update on Binance's BTCUSDT and HBDM's BTC_CW since 14th November 2019. Binance's and HBDM's BTCUSDT to BTC_CW reached a 14 day period high on the 21st November indicating an overall 70.70% decrease from the ninety day high of 430.19, confirming a spread of -304.14 over 58 days, the combination currently is spread at 10.63 from 13:40:25 today with a profit of 0.00153205 bitcoin for every one bitcoin spent. Since we began we have seen the arbitrage height of 126.05 since the beginning of November. In the last 24 hours the spread reached a high of 64.52 meaning -531.38 decrease on the year creating a 89% reduction from that top spread. Binance's BTCUSDT and HBDM's BTC_CW is positioned 38th out of the 212 combinations tracked. This arbitrage spread isn't treated as a excellent development, and not profitable like Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should appeal more.
25th November 2019 13:40:25 UTC - 3 weeks ago
Binance BTCUSDT @ 7186.43000000
HBDM BTC_CW @ 7175.80000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00153205 BTC with a 0.1534% return
Bitcoin Trade Size
This represents an income of 0.04596 bitcoin if you leverage 30 BTC of BTCUSDT at Binance at the price of 7,186.43 and order the same amount of 30 bitcoin of BTC_CW at HBDM for 7,175.80 giving a $330.29 gain with BTC trading at 7,186 USD per 1 bitcoin. We propose you look at this more, this will return a profit if performed to the amount of 0.00153205 for every one bitcoin. The general idea points that the profits would be very small making it not worthwhile especially when you consider the profits granted by Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.02051499 bitcoin profit per 1 BTC currently.
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 25th November 2019 13:40:25, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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