Our 13th update on Bitfinex's BTCUSD and HBDM's BTCCW match up since 23rd December 2019. Bitfinex's BTCUSD and HBDM's BTCCW match up reached a 14 day high on the 14th January 2020 showing an overall 62% shortening from the 60 day high of 125.8, confirming a difference of -77.61 over the 50 days, the combination is sitting at 13.8 at 06:28 today looking at profit of 0.00172612 BTC with every one BTC spent. Since we began we have verified a spread high of 92.9 in the past month between Bitfinex and Bitmex. In the last 24 hours the spread reached a high of 24.34 meaning -472.4 short this year making a 95.10% shortening from that top spread. Bitfinex BTCUSD to HBDM BTCCW is 60th out of the 229 spreads we offer. This combination isn't a excellent activity, and should be considered as such with Bitfinex ETHBTC to Bitmex ETHH20 and Bitmex XBTM20 to Binance BTCUSDT which should be followed.
24th January 2020 06:28:30 UTC - 34 weeks ago
Bitfinex BTCUSD @ 8337.40000000
HBDM BTCCW @ 8323.48000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00172612 BTC with a 0.17% return
Bitcoin Trade Size
This represents a profit of 0.0448791 bitcoin when you risk 26 BTC of BTCUSD at Bitfinex at the current price of 8,337.40 and order the same size of 26 bitcoin of BTCCW at HBDM for 8,323.60 resulting in 373.88 USD gain with BTC stable at 8,331 USD. Our recommendation is to that you should examine this more, as it would provide profit when done to the amount of 0.001726 for each one BTC. The advice indicates that the profits would be very small placing doubt to proceed if you factor in exchange commissions, and, notably when you consider the profits granted by Bitmex XBTM20 to Binance BTCUSDT returning 0.03033198 bitcoin return per one BTC 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 24th January 2020 06:28:30, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
I write this journal to go over the basics of trading digital assets on liquid exchanges. I will not delve deeply into fundamentals of the assets unless it is necessary to explain the trading strategy.
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