Bitfinex's BTCUSD and Huobi's BTC_CW combination pairs reached a seven day high on the 31st October 2019 at 21:02 showing a 85.7% decrease from the sixty day high of 496.74, confirming a spread of -425.83 over 37 days, the match currently spreads at 28.74 from 16:20:20 today with a profit of 0.00314738 BTC for every 1 bitcoin exchanged. Since tracking begun we have watched the arbitrage height of 95.1 since the beginning of November 2019. In the last 24 hours the spread reached a high of 70.91 resulting in a -425.83 shortening this year resulting in a 86% decrease of that previous height. Bitfinex Huobi with BTCUSD BTC_CW is positioned 37th from a catalog of 198 we support. This combination isn't a crazy action, and not the same as HBDM BTC_CQ to Binance BTCUSDT and Binance ETHUSDT to Kraken XETHXXBT which should be followed.
1st November 2019 16:20:20 UTC - 30 weeks ago
Bitfinex BTCUSD @ 9187.00000000
Huobi BTC_CW @ 9158.26000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00314738 BTC with a 0.3139% return
Bitcoin Trade Size
This renders a profit of 0.075537 BTC when you close 24 BTC of BTCUSD at Bitfinex at the market price of 9,187.00 and buy the corresponding amount of 24 BTC of BTC_CW at Huobi priced at 9,158.26 giving a 690.00 USD gain with BTC stable at 9,135 USD per one bitcoin. Our recommendation is to look at this more, this will return a profit when performed to the amount of 0.003147 for each 1 bitcoin. The spread shown indicates that the gains would be curbed rendering it not worthwhile, chiefly when presented with the opportunity of Binance ETHUSDT to Kraken XETHXXBT giving 0.01972724 bitcoin profit per one BTC as of this moment.
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 1st November 2019 16:20:20, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.