Our 4th update on HBDM's LTC_NW and Binance's LTCUSDT since 6th November 2019. HBDM's and Huobi Pro's ETHNW to ETHUSDT reached a 7 day high on the 26th January showing a 33.4% decrease from the sixty day high of 2.143, confirming a spread of -0.715 over 12 days, the pairing is sitting at 0.976 at 04:38 today with a profit of 0.00010835 bitcoin for every 1 BTC spent. Since tracking begun we have witnessed its arbitrage top out at 2.143 since the beginning of January. In the last 24 hours the spread reached a high of 1.162 meaning -0.981 shortening from the year high making a 46% change from that high. HBDM ETHNW to Huobi Pro ETHUSDT is placed 125th currently. This arbitrage opportunity is not a excellent change, and should be treated as such with HBDM BTC_CQ to Binance BTCUSDT and Bitmex XBTM20 to Binance BTCUSDT which should be investigated.
28th January 2020 04:38:50 UTC - 4 weeks ago
HBDM ETHNW @ 174.17600000
Huobi Pro ETHUSDT @ 173.20000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010835 BTC with a 0.57% return
Bitcoin Trade Size
This renders an income of 0.004 BTC when you risk 33 BTC of ETHNW at HBDM at the current price of 174.17600000 and order the matched volume of 33 BTC of ETHUSDT at Huobi Pro set at 173.20000000 resulting in 36.40 USD profit with the current price of bitcoin set at $9,100. We propose you look into this pairing more, this will return a profit if done to the tune of 0.000108 per 1 BTC. The opportunity though indicates that the profits will be meager placing doubt to proceed especially when given the opportunities presented by Bitmex XBTM20 to Binance BTCUSDT resulting in 0.03422281 bitcoin profit per 1 BTC 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 28th January 2020 04:38:50, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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