Our 14th update on Huobi DM and Huobi Pro's BCHCQ and BCHUSDT since 8th October 2020. Since the 26th November 2019 we have been monitoring of Huobi DM's BCHCQ and Huobi Pro's BCHUSDT match up spread, currently there is an available 1.23% return executing this trade as it is temporarily holding fair arbitrage return since Tuesday, the match currently spreads at 3.059 at 02:03 today looking at profit of 0.00027541 bitcoin with every 1 bitcoin spent. Since we began we have witnessed a spread high of 5.688 since October began. In the last 24 hours the spread reached a high of 4.57 resulting in a -27.903 decrease this year creating a 85.93% shortening. Huobi DM's BCHCQ to Huobi Pro's BCHUSDT is positioned 90th from a selection of 242 we track. This combination should not be considered a excellent movement, and not in the same league as HBDM BTC_CQ to Binance BTCUSDT and Binance ETHUSDT to Kraken XETHXXBT which should be more attractive.
14th October 2020 02:03:13 UTC - 2 weeks ago
Huobi DM BCHCQ @ 258.96000000
Huobi Pro BCHUSDT @ 255.85000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00027541 BTC with a 1.23% return
Bitcoin Trade Size
This earns a profit of 0.003672 bitcoin if you auction 13.3333 bitcoin of BCHCQ at Huobi DM at the market price of 258.90900000 and order the matching size of 13.3333 bitcoin of BCHUSDT at Huobi Pro for 255.85000000 resulting in 42.00 USD profit with BTC stable at $11,437. We would advise explore this arbitrage opportunity more, as it would provide profit if performed to the amount of 0.00027541 for each 1 BTC. The data returned points that the profits will be modest placing doubt to proceed, specifically when faced with the profits granted by Binance ETHUSDT to Kraken XETHXXBT giving 0.03354502 bitcoin return per 1 BTC as of right now.
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 14th October 2020 02:03:13, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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