On 26th June 2019 executium included tracking of Huobi DM BCH_CQ to Bitfinex BABUSD arbitrage opportunities, these past 6 minutes there is an available 0.9107% return swapping this trade as it is currently showing decent return this week, the match currently spreads at 2.07 as of 8th January from 16:40 looking at profit of 0.00026263 bitcoin with every 1 BTC exchanged. Since tracking started we have watched a pairing high reach of 4.126 since the 1st of January 2020. In the last 24 hours the spread reached a high of 4.126 resulting in a -39.18 shortening this year providing a 90.47% reduction. Huobi DM to Bitfinex with BCH_CQ BABUSD is placed 83rd currently. This combination isn't looked upon as a special movement, and not in the same league as Binance ETHUSDT to Bitmex ETHH20 and HBDM ETH_CQ to Bitmex ETHH20 which should be investigated.
8th January 2020 16:40:00 UTC - 3 weeks ago
Huobi DM BCH_CQ @ 237.01900000
Bitfinex BABUSD @ 234.98000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00026263 BTC with a 0.9107% return
Bitcoin Trade Size
This nets an income of 0.008 BTC when you offload 31 bitcoin of BCH_CQ at Huobi DM at the price of 237.00000000 and order the matching volume of 31 BTC of BABUSD at Bitfinex priced at 234.93000000 providing a 65.16 USD net gain with bitcoin positioned at 8,144 USD. We would advise look at the spread opportunities, as it would return a profit when carried out to the tune of 0.00026263 for every 1 bitcoin. The general idea points that the profits would be risky rendering it not worthwhile when faced with the profits given by HBDM ETH_CQ to Bitmex ETHH20 providing 0.01728603 BTC return per one BTC 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 8th January 2020 16:40:00, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.