Our 6th update on Bitmex's ETHUSD and Huobi Pro's ETHUSDT match up since 25th November 2019. Bitfinex Binance with LTCUSD LTCBTC reached a 14 day high on the 21st November showing an overall 21% decrease from the sixty day high of 66.526538, signaling a spread of -13.879181 over 11 days, the match is sitting at 45.39293 from 12:50:35 today with a profit of 0.00003254 bitcoin with every one BTC traded. Since tracking started we have watched its range top out at 66.526538 in the past month. In the last 24 hours the spread reached a high of 47.524951 resulting in a -44.021019 short from the year high making a 48.09% contraction. Bitfinex's and Binance's LTCUSD to LTCBTC is placed 106th currently. This combination isn't treated as a crazy change, and not profitable like Bitfinex BTCUSD to Bitmex XBTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take you.
5th December 2019 12:50:35 UTC - 8 weeks ago
Bitfinex LTCUSD @ 45.39900000
Binance LTCBTC @ 0.00607000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003254 BTC with a 0.5361% return
Bitcoin Trade Size
This renders a profit of 0.003 BTC when you offload 96 bitcoin of LTCUSD at Bitfinex at the price of 45.39900000 and order the exact size of 96 bitcoin of LTCBTC at Binance priced at 0.00607000 meaning a $22.32 net gain with BTC trading at 7,441 USD. Presently the advice is to explore this arbitrage pairing more, this will return a profit when executed to the amount of 0.00003254 to each 1 BTC. With everything reported it seems points that the gains will be rendering it not worthwhile, chiefly when you consider the profits given by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.01995496 BTC return per 1 BTC 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 5th December 2019 12:50:35, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.