Our 12th update on Huobi to Binance with BCH_NW BCHABCBTC since 4th November 2019. Huobi's BCH_NW and Binance's BCHABCBTC match up reached a seven day high on the 6th November 2019 at 05:40 showing a 13.6% decrease from the 90 day high of 359.580369, making a difference of -48.775311 during the 84 days, the combination is positioned at 302.755885 as of 6th November from 13:15:54 looking at profit of 0.00024106 bitcoin with every one BTC exchanged. Since we began we have witnessed this topping off at 524.965284 this year. In the last 24 hours the spread reached a high of 310.805058 meaning -214.160226 short on the year resulting in a 41% reduction from that spread. Huobi and Binance BCH_NW to BCHABCBTC is positioned 88th currently. This arbitrage spread isn't a fantastic action, and not profitable like Bitfinex ETHF0-USTF0 to Kraken XETHXXBT and HBDM BTC_CQ to Bitfinex BTCF0:USTF0 which should be more attractive.
6th November 2019 13:15:54 UTC - 1 week ago
Huobi BCH_NW @ 302.78800000
Binance BCHABCBTC @ 0.03211500
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00024106 BTC with a 0.75% return
Bitcoin Trade Size
This results in a profit of 0.0041583 bitcoin when you close 17.25 bitcoin of BCH_NW at Huobi at the price of 302.78800000 and order the very same volume of 17.25 bitcoin of BCHABCBTC at Binance for 0.03211500 bringing a 38.91 USD net gain with BTC holding at $9,358. We would advise look into this, as it would return a profit if done to the sound of 0.000241 to each 1 bitcoin. The thought process points that the gains would be rendering it not worthwhile when you examine outgoings, and, notably considering the choice of HBDM BTC_CQ to Bitfinex BTCF0-USTF0 providing 0.02091686 bitcoin return per 1 bitcoin at present.
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 6th November 2019 13:15:54, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.