Our 9th update on Bitfinex BTCUSD to Huobi Pro BTCUSDT since 14th November 2019. Bitfinex's BTCUSD and Huobi Pro's BTCUSDT match up reached a seven day high on the 10th November 2019 showing an overall 83.40% shortening from the 90 day high of 511.65, confirming a spread of -426.74 over the 47 days, the combination currently spreads at 19.88 as of 16th November from 17:29:29 with a profit of 0.00234383 BTC with every 1 BTC spent. Since we began we have seen its top out at 172.06 since the 1st of November 2019. In the last 24 hours the spread reached a high of 42.61 resulting in a -469.04 decrease from the year high making a 91.67% change from that high. Bitfinex to Huobi Pro with BTCUSD BTCUSDT is 43rd from 221 spreads we positions. This arbitrage spread should not be considered a crazy change, and not in the same league as HBDM BTC_CQ to Binance BTCTUSD and Binance ETHUSDT to Kraken XETHXXBT which should take your cash.
16th November 2019 17:29:29 UTC - 3 weeks ago
Bitfinex BTCUSD @ 8506.40000000
Huobi Pro BTCUSDT @ 8486.52000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00234383 BTC with a 0.23% return
Bitcoin Trade Size
This earns a profit of 0.0914094 bitcoin if you put up 39 bitcoin of BTCUSD at Bitfinex at the current price of 8,506.40 and buy the matched volume of 39 BTC of BTCUSDT at Huobi Pro for 8,486.52 giving a 775.71 USD net gain with BTC trading at 8,486 USD. We propose you probe this arbitrage opportunity more, as it would return a profit when executed to the sound of 0.00234383 for each one bitcoin. The thought process points that the gains will be narrow rendering it not worthwhile especially when given the availability of Binance ETHUSDT to Kraken XETHXXBT resulting in 0.02150440 bitcoin return per 1 bitcoin 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 16th November 2019 17:29:29, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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