Our 8th update on HBDM's BTCCW and Binance's BTCUSDT match up since 28th January 2020. Binance's LTCBTC and Bitfinex's LTCUSD pairings reached a 14 day period high on the 25th January indicating a -46.20% increase from the 60 day high of -36.095448, making a spread of -16.67619 over the 38 days, the match is sat at -73.36347 at 05:59 today looking at profit of 0.00001599 bitcoin with every 1 BTC traded. Since we began we have verified a pairing high of -47.724039 since February began. In the last 24 hours the spread reached a high of -71.496602 meaning -35.401154 short on the year creating a -98.08% change. Binance's LTCBTC and Bitfinex's LTCUSD combination pairs is positioned 155th out of 237 combinations monitored. This combination is not looked upon as a special activity, and not profitable like HBDM BTC_CQ to Huobi BTCUSDT and Bitmex XBTM20 to Binance BTCUSDT with it being more appeal.
8th February 2020 05:59:36 UTC - 3 weeks ago
Binance LTCBTC @ 0.00753000
Bitfinex LTCUSD @ 73.37100000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00001599 BTC with a 0.2128% return
Bitcoin Trade Size
This contributes to a profit of 0.0013 bitcoin when you close 83 bitcoin of LTCBTC at Binance at the market price of 0.00753000 and order the matched volume of 83 bitcoin of LTCUSD at Bitfinex set at 73.37100000 turning a 12.69 USD net gain with bitcoin stable at 9,761 USD per 1 BTC. Presently the advice is to explore this arbitrage pairing more, as it would provide profit if carried out to the sound of 0.000016 per 1 BTC. The information provided indicates that the gains will be curbed making it not worthwhile, specifically considering the opportunities presented by Bitmex XBTM20 to Binance BTCUSDT providing 0.04041914 bitcoin profit per 1 BTC now.
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 8th February 2020 05:59:36, 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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