Bitstamp's and Binance's LTCUSD to LTCBTC reached a seven day high on the 7th March 2020 at 06:15 marking a 24.2% decrease from the 60 day high of 84.411916, signaling a spread of -20.468943 in 23 days, the pairing is sat at 37.954284 as of 12th March from 11:08 with a profit of 0.00023162 bitcoin for every one BTC spent. Since we began we have watched its spread top out at 83.791907 since the beginning of March. In the last 24 hours the spread reached a high of 48.893868 meaning -42.428099 short on the year signalling a 46% shortening of that previous height. Bitstamp's and Binance's LTCUSD to LTCBTC is positioned 152nd currently. This arbitrage opportunity isn't a great activity, and not profitable like Bitfinex BTCUST to Bitfinex BTCF0:USTF0 and Binance BTCUSDT to Bitmex XBTM20 which should take your attention.
12th March 2020 11:08:40 UTC - 28 weeks ago
Bitstamp LTCUSD @ 37.96000000
Binance LTCBTC @ 0.00571600
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00023162 BTC with a 4.052% return
Bitcoin Trade Size
This renders a profit of 0.0022390 BTC when you leverage 9.6667 BTC of LTCUSD at Bitstamp at the price of 37.96000000 and buy the identical quantity of 9.6667 BTC of LTCBTC at Binance set at 0.00571600 resulting in 14.11 USD gain with BTC positioned at 6,300 USD per 1 BTC. Currently we recommend that you that you should examine this more, as it would return a profit when executed to the tune of 0.000232 for every 1 BTC. The data shown points that the gains would be poor placing doubt to proceed if you draft in transfer commissions, and when given the choice of Binance BTCUSDT to Bitmex XBTM20 providing 0.09707066 bitcoin return per one bitcoin as of 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 12th March 2020 11:08:40, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.