Bitfinex and Bitstamp LTCUSD to LTCUSD reached a 28 day period high on the 10th November 2019 showing an overall 42% shortening from the 90 day high of 1.199, making a spread of -0.504 over the 47 days, the combination currently is spread at 0.178 as of 29th November from 17:57:50 looking at profit of 0.00003406 bitcoin with every 1 bitcoin exchanged. Since tracking begun we have seen this spread topping off at 0.695 since November began. In the last 24 hours the spread reached a high of 0.415 meaning -5.085 shortening this year resulting in a 92.45% change. Bitfinex and Bitstamp LTCUSD to LTCUSD is 127th out of 233 spreads we positions. This arbitrage opportunity isn't a high yield opportunity, and not the same as Bitfinex BTCUSD to Idax BTC_USDT and Bitmex ETHUSD to Poloniex BTC_ETH which should be followed.
29th November 2019 17:57:50 UTC - 2 weeks ago
Bitfinex LTCUSD @ 49.08800000
Bitstamp LTCUSD @ 48.91000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003406 BTC with a 0.54% return
Bitcoin Trade Size
This harvests a profit of 0.0013965 BTC when you spend 41 BTC of LTCUSD at Bitfinex at the market price of 49.08800000 and order the interchangable volume of 41 BTC of LTCUSD at Bitstamp set at 48.91000000 turning a $10.82 profit with bitcoin holding at $7,751. Presently you will want to read up on this arbitrage pairing more, this will return a profit if done to the tune of 0.0000341 for each one BTC. The opportunity though points that the gains will be very small making it not worthwhile, specifically when presented with the profits presented by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02004735 BTC return per one bitcoin right 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 29th November 2019 17:57:50, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.