Our 6th update on Huobi DM's BCHCW and Huobi Pro's BCHUSDT combo pairs since 15th February 2020. Since the 26th November 2019 we have been covering Huobi DM's BCHCW and Huobi Pro's BCHUSDT combo pairs spread, today you can get 0.7000% return running this trade as it is currently holding okay arbitrage return this week, the combination is sitting at 2.426 at 09:39 today looking at profit of 0.00027866 bitcoin with every one bitcoin traded. Since we began we have watched a high of 10.956 since the 1st of February 2020. In the last 24 hours the spread reached a high of 3.417 meaning -7.539 shortening this year signalling a 69% reduction. Huobi DM and Huobi Pro BCHCW to BCHUSDT is positioned 118th currently. This spread should not be considered a great movement, and should be considered as such with HBDM BTC_CQ to Bitstamp BTCUSD and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
23rd February 2020 09:39:50 UTC - 5 weeks ago
Huobi DM BCHCW @ 396.26600000
Huobi Pro BCHUSDT @ 393.84000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00027866 BTC with a 0.7000% return
Bitcoin Trade Size
This gives a profit of 0.00279 BTC when you leverage 10 BTC of BCHCW at Huobi DM at the market price of 396.26600000 and order the twin quantity of 10 bitcoin of BCHUSDT at Huobi Pro priced at 393.84000000 meaning a 27.58 USD net gain with the current price of bitcoin set at $9,887 per one bitcoin. The signals indicate look at this more, as it would provide profit if done to the tune of 0.0002787 per 1 bitcoin. The information provided indicates that the gains would be poor rendering it not worthwhile, specifically when you have the opportunity of Bitmex XBTM20 to Binance BTCUSDT resulting in 0.05186447 bitcoin profit per 1 bitcoin this Sunday.
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 23rd February 2020 09:39:50, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
Planning on crypto arbitrage and trying to find your best bets is a tricky affair. Actually like they say, success is 99% preparation and 1% luck. Similarly, so as to lead in crypto arbitrage, it is a lot of hard work and labor.