On 10th August 2019 we included covering of Huobi DM's BTC_NW and Binance's BTCPAX spread, currently there is an available 0.457% return executing this trade as it is currently showing reliable return today, the match is sitting at 20.94 at 16:17 today looking at profit of 0.00456316 BTC for every one BTC spent. Since tracking begun we have verified a arbitrage high of 57.06 since the 1st of January 2020. In the last 24 hours the spread reached a high of 37.6 meaning -302.89 shortening from the year high making a 89.0% decrease of that previous height. Huobi DM Binance with BTC_NW BTCPAX is placed 33rd currently. This arbitrage opportunity isn't a great occurrence, and not in the same league as Bitfinex ETHF0-USTF0 to Bitmex ETHH20 and HBDM BTC_CQ to Binance BTCPAX which should be followed.
9th January 2020 16:17:29 UTC - 3 weeks ago
Huobi DM BTC_NW @ 7882.64000000
Binance BTCPAX @ 7861.70000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00456316 BTC with a 0.457% return
Bitcoin Trade Size
This results in a profit of 0.01675 bitcoin when you risk 3.67 bitcoin of BTC_NW at Huobi DM at the price of 7,882.64 and order the interchangable volume of 3.67 BTC of BTCPAX at Binance for 7,861.70 bringing a $131.74 net gain with BTC trading at $7,865 per one bitcoin. Our recommendation today is to to look more seriously at this pairing, as it would return a profit when performed to the sound of 0.004563 for every 1 bitcoin.
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 9th January 2020 16:17:29, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.