Our 4th update on Bitfinex LTCUSD to Binance LTCBTC since 29th November 2019. Since the 10th August 2019 we have been watching of Bitfinex and Binance's LTCUSD and LTCBTC arbitrage opportunities, presently there is an available 0.6029% return executing this trade as it is momentarily displaying steady return since Sunday, the match is sitting at 46.300697 at 12:40 today with a profit of 0.00003800 BTC for every one bitcoin spent. Since tracking proceeded we have witnessed this spread topping off at 66.526538 since the 1st of December 2019. In the last 24 hours the spread reached a high of 48.685527 resulting in a -42.860443 short on the year signalling a 47% contraction from that top spread. Bitfinex and Binance LTCUSD to LTCBTC is placed 112th out of 222 combinations tracked. This combination isn't a great activity, and not the same as Bitfinex BTCUSD to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take your attention.
2nd December 2019 12:40:23 UTC - 2 weeks ago
Bitfinex LTCUSD @ 46.30700000
Binance LTCBTC @ 0.00630300
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003800 BTC with a 0.6029% return
Bitcoin Trade Size
This nets an income of 0.0015 BTC when you invest 38.5 BTC of LTCUSD at Bitfinex at the market price of 46.30700000 and buy the duplicate quantity of 38.5 bitcoin of LTCBTC at Binance for 0.00630300 yielding a $10.95 profit with BTC positioned at 7,302 USD. We propose you look into this arbitrage pairing more, as it would result in profit when executed to the amount of 0.000038 per one BTC. The general idea points that the profits would be poor rendering it not worthwhile when you acknowledge costs, and, notably considering the profits presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02037299 BTC profit per 1 bitcoin this Monday morning.
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 2nd December 2019 12:40:23, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.