Huobi's BTC_CQ and Binance's BTCPAX reached a 14 day high on the 21st November 2019 at 08:46 indicating an overall 72.4% decrease from the sixty day high of 474.19, signaling a difference of -343.19 during the 26 days, the pairing is positioned at 11.41 from 19:56:25 today looking at profit of 0.00315950 BTC for every 1 bitcoin spent. Since tracking proceeded we have seen the height of 315.23 since the beginning of December. In the last 24 hours the spread reached a high of 32.98 resulting in a -441.21 shortening from the year high signalling a 93% contraction. Huobi Binance with BTC_CQ BTCPAX is 23rd currently. This arbitrage combination should not be considered a special activity, and nowhere near Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should be investigated.
1st December 2019 19:56:25 UTC - 2 weeks ago
Huobi BTC_CQ @ 7367.69000000
Binance BTCPAX @ 7356.28000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00315950 BTC with a 0.316% return
Bitcoin Trade Size
This contributes to a profit of 0.0821470 bitcoin if you risk 26 bitcoin of BTC_CQ at Huobi at the current price of 7,367.69 and buy the same volume of 26 bitcoin of BTCPAX at Binance priced at 7,356.28 turning a 603.46 USD net gain with bitcoin positioned at 7,346 USD per 1 bitcoin. Our recommendation for today is to look into this, as it would provide profit if done to the amount of 0.00315950 for each 1 BTC. The thought process indicates that the gains would be placing doubt to proceed if you pay outgoings, and, specifically when faced with the profits unlocked by Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02046389 BTC return per one BTC at this moment.
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 1st December 2019 19:56:25, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.