Since the 10th August 2019 we have been covering Bitfinex's BTCUSD and Huobi DM's BTC_CW match up spread, currently you can get 0.148% return swapping this trade as it is currently holding constant today, the combination currently spreads at 16.11 as of 1st October 2020 from 09:11 with a profit of 0.00148135 bitcoin with every 1 bitcoin spent. Since tracking started we have verified the height of 28 in the past month between Bitstamp and Binance. In the last 24 hours the spread reached a high of 29.27 meaning -585.03 shortening this year providing a 95% shortening. Bitfinex's BTCUSD to Huobi DM's BTC_CW is placed 39th currently. This arbitrage opportunity is not looked upon as a fanciful opportunity, and not profitable like HBDM BTC_CQ to Bitfinex BTCUST and Bitmex ETHUSD to Poloniex BTC_ETH which should be more attractive.
1st October 2020 09:11:48 UTC - 16 weeks ago
Bitfinex BTCUSD @ 10912.00000000
Huobi DM BTC_CW @ 10895.89000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00148135 BTC with a 0.148% return
Bitcoin Trade Size
This harvests a profit of 0.0341 BTC when you offload 23 BTC of BTCUSD at Bitfinex at the price of 10,912.00 and buy the corresponding quantity of 23 BTC of BTC_CW at Huobi DM priced at 10,895.89 yielding a 371.08 USD profit with the current price of bitcoin set at 10,882 USD. We would advise read up on this arbitrage opportunity more, as it would result in profit when performed to the amount of 0.0014814 per one BTC. The opportunity though indicates that the profits will be small causing doubt to proceed, notably when you have the opportunity of Bitmex ETHUSD to Poloniex BTC_ETH giving 0.03382802 bitcoin profit per 1 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 October 2020 09:11:48, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
Market capitalization is an old principle that rules most trading platforms. It applies to cryptocurrency as well, as cryptocurrency is always looking for new ways and tools to enhance the performance of its users.