Our 42nd update on Huobi DM BCHCQ to Bitstamp BCHBTC since 6th October 2020. Since the 10th August 2019 we have been watching of Huobi DM to Bitstamp with BCHCQ BCHBTC spread, as of now there is an available 1.3779% return running this recommendation as it is temporarily showing adequate this week, the match currently is spread at 227.80874256 as of 8th October from 09:33 looking at profit of 0.00029290 bitcoin with every one BTC traded. Since tracking begun we have witnessed a arbitrage high reach of 238.311547 in the past month between Bitfinex and Kraken. In the last 24 hours the spread reached a high of 230.706658 resulting in a -300.000979 shortening from the year high signalling a 56.5% contraction. Huobi DM's BCHCQ and Bitstamp's BCHBTC is placed 74th currently. This arbitrage opportunity isn't looked upon as a excellent occurrence, and nowhere near HBDM BTC_CQ to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should lead you.
8th October 2020 09:33:42 UTC - 28 weeks ago
Huobi DM BCHCQ @ 227.83000000
Bitstamp BCHBTC @ 0.02125744
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00029290 BTC with a 1.3779% return
Bitcoin Trade Size
This harvests an income of 0.0021 BTC when you invest 7 BTC of BCHCQ at Huobi DM at the current price of 227.83000000 and order the identical quantity of 7 bitcoin of BCHBTC at Bitstamp set at 0.02125744 giving a $22.20 net gain with bitcoin jumping around at 10,572 USD. Currently we recommend that look at this more, this will return a profit if performed to the amount of 0.0002929 for every one bitcoin. The information provided points that the profits would be inadequate making it not worthwhile especially when presented with the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.03185948 BTC 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 8th October 2020 09:33:42, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.