Bitfinex's LTCUSD to Bitstamp's LTCUSD reached a 7 day high on the 17th October marking a 64% shortening from the sixty day high of 1.199, confirming a spread of -0.772 over 22 days, the pairing currently is spread at 0.191 as of 19th October 2019 from 07:58 with a profit of 0.00003972 BTC for every 1 bitcoin traded. Since tracking proceeded we have witnessed a range high reach of 1.199 since the beginning of October 2019. In the last 24 hours the spread reached a high of 0.296 meaning -5.204 short from the year high providing a 94.6% contraction from that spread. Bitfinex's LTCUSD and Bitstamp's LTCUSD combination pairs is placed 104th currently. This spread is not a great movement, and should be considered as such with HBDM BTC_CQ to Bitfinex BTCUST and Binance ETHUSDT to Kraken XETHXXBT which should take your cash.
19th October 2019 07:58:16 UTC - 33 weeks ago
Bitfinex LTCUSD @ 53.33500000
Bitstamp LTCUSD @ 53.15000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003972 BTC with a 0.5940% return
Bitcoin Trade Size
This results in a profit of 0.002582 BTC when you close 65 BTC of LTCUSD at Bitfinex at the current price of 53.34100000 and buy the matched amount of 65 BTC of LTCUSD at Bitstamp priced at 53.15000000 providing a $20.48 gain with bitcoin positioned at 7,931 USD. Presently the advice is to inquire this arbitrage opportunity more, this will return a profit if carried out to the tune of 0.000040 per one BTC. The advice would be indicates that the profits will be poor causing needed doubt to proceed, specifically considering the profits presented by Binance ETHUSDT to Kraken XETHXXBT providing 0.02186159 BTC return per 1 bitcoin as of right 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 19th October 2019 07:58:16, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.