Our 4th update on Bitfinex's LTCUSD and Huobi DM's LTCNW match up since 5th December 2019. Bitfinex ETHUSD to Huobi ETHCQ reached a seven day period high on the 20th March 2020 marking an overall 87% shortening from the ninety day high of 23.59, signaling a difference of -20.639 over 8 days, the match is sitting at 0.71 as of 22nd March 2020 from 14:44:12 with a profit of 0.00011631 bitcoin with every 1 BTC traded. Since we began we have watched the spread height of 23.59 in the past month. In the last 24 hours the spread reached a high of 1.882 resulting in a -21.708 short from the year high making a 92% decrease of that previous height. Bitfinex's ETHUSD and Huobi's ETHCQ is placed 108th currently. This arbitrage combination isn't a premium movement, and not the same as Okex ETH-USDT to Bitmex ETHH20 and Bitmex ETHUSD to Bitmex ETHH20 which should be investigated.
22nd March 2020 14:44:12 UTC - 15 weeks ago
Bitfinex ETHUSD @ 128.27000000
Huobi ETHCQ @ 127.58000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00011631 BTC with a 0.549% return
Bitcoin Trade Size
This represents a profit of 0.0062 BTC when you put up 53 BTC of ETHUSD at Bitfinex at the market price of 128.29000000 and order the matched volume of 53 BTC of ETHCQ at Huobi priced at 127.58000000 yielding a $37.37 net gain with bitcoin positioned at 6,027 USD per one BTC. We would advise look into this, as it would provide profit if executed to the sound of 0.000116 for each 1 BTC. The advice would be points that the profits would be curbed making it not worthwhile when you pay outgoings, and, specifically when you have the choice of Bitmex ETHUSD to Bitmex ETHH20 providing 0.02130858 bitcoin return per one BTC currently.
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 22nd March 2020 14:44:12, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.