Our 2nd update on Binance's BTCPAX and Huobi's BTCNW since 20th March 2020. Binance BTCPAX to Huobi BTCNW reached a seven day high on the 20th March 2020 at 08:16 marking an overall 84% shortening from the 90 day high of 584.47, making a spread of -493.82 over 8 days, the pairing is positioned at 31.54 at 11:15 today looking at profit of 0.00554820 BTC for every one BTC exchanged. Since we began we have watched the arbitrage height of 584.47 since March began. In the last 24 hours the spread reached a high of 42.79 resulting in a -541.68 short from the year high providing a 92.68% decrease. Binance BTCPAX to Huobi BTCNW is 23rd currently. This spread is not a fantastic activity, and not the same as Binance ETHUSDT to Kraken XETHXXBT and Bitmex ETHUSD to Bitmex ETHH20 which should appeal more.
22nd March 2020 11:15:04 UTC - 16 weeks ago
Binance BTCPAX @ 6252.64000000
Huobi BTCNW @ 6221.10000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00554820 BTC with a 0.5571% return
Bitcoin Trade Size
This pays an income of 0.015 bitcoin when you spend 2.67 bitcoin of BTCPAX at Binance at the price of 6,252.64 and order the identical size of 2.67 BTC of BTCNW at Huobi for 6,221.10 meaning a $93.65 gain with BTC holding at 6,243 USD. Presently you will want to look at the arbitrage opportunities opportunities, as it would provide profit if performed to the amount of 0.005548 per one bitcoin.
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 22nd March 2020 11:15:04, 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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