Huobi DM's LTC_NW and Bitstamp's LTCUSD match up reached a 14 day high on the 17th January 2020 marking a 29.2% decrease from the 90 day high of 0.924, making a spread of -0.27 during the 63 days, the combination is positioned at 0.31 at 05:44 today looking at profit of 0.00005157 bitcoin for every one bitcoin exchanged. Since we began we have witnessed a range high reach of 0.66 since January began. In the last 24 hours the spread reached a high of 0.4 meaning -2.418 short on the year signalling a 85.81% reduction. Huobi DM's LTC_NW and Bitstamp's LTCUSD is placed 114th currently. This spread isn't looked upon as a great action, and not the same as HBDM BTC_CQ to Binance BTCUSDT and Bitmex XBTM20 to Binance BTCUSDT which should be investigated.
22nd January 2020 05:44:19 UTC - 5 weeks ago
Huobi DM LTC_NW @ 57.94000000
Bitstamp LTCUSD @ 57.63000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00005157 BTC with a 0.78% return
Bitcoin Trade Size
This earns an income of 0.0031458 BTC when you devote 61 bitcoin of LTC_NW at Huobi DM at the price of 57.94000000 and order the interchangable amount of 61 bitcoin of LTCUSD at Bitstamp set at 57.63000000 resulting in $27.45 gain with bitcoin jumping around at $8,725. Presently the advice is to look into this arbitrage pairing more, this will return a profit when executed to the tune of 0.0000516 for every one bitcoin. The advice would be points that the gains will be limited causing obvious doubt to proceed when you consider the profits given by Bitmex XBTM20 to Binance BTCUSDT providing 0.03367021 bitcoin return per one 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 22nd January 2020 05:44:19, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.