Our second chance on Binance and Huobi BTCPAX to BTC_CQ since Thursday 24th October. On the 10th August 2019 we enabled covering of Binance's and Huobi's BTCPAX to BTC_CQ arbitrage spreads, today there is an available 0.3899% return running this trade as it is currently showing constant return this Friday, the combination is sat at 28.99 from 07:52:28 today looking at profit of 0.00388931 bitcoin with every 1 BTC traded. Since tracking started we have viewed this range topping off at 116.51 since the beginning of October 2019. In the last 24 hours the spread reached a high of 56.16 meaning -498.12 shortening from the year high providing a 90% decrease. Binance and Huobi's BTCPAX and BTC_CQ is placed 21st from 206 spreads we monitor. This arbitrage spread isn't a fanciful activity, and should be considered as such with Kraken XXBTZUSD to HBDM BTC_CQ and Binance ETHUSDT to Kraken XETHXXBT which should take your attention.
25th October 2019 07:52:28 UTC - 3 weeks ago
Binance BTCPAX @ 7467.29000000
Huobi BTC_CQ @ 7438.30000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00388931 BTC with a 0.3899% return
Bitcoin Trade Size
This renders a profit of 0.0962604 bitcoin if you auction 24.75 BTC of BTCPAX at Binance at the price of 7,467.29 and buy the twin volume of 24.75 BTC of BTC_CQ at Huobi set at 7,438.30 turning a 717.75 USD gain with bitcoin trading at $7,456. Presently the advice is to look into this, as it would result in profit if executed to the sound of 0.0038893 for each 1 BTC. The information provided indicates that the profits will be limited causing doubt to proceed, chiefly considering the choice of Binance ETHUSDT to Kraken XETHXXBT providing 0.02173563 BTC return per one bitcoin this Friday.
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 October 2019 07:52:28, 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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