Our 15th update on Bitfinex's BTCUSD to Binance's BTCPAX since 6th November 2019. On 10th August 2019 executium included covering of Huobi DM LTCCQ to Bitstamp LTCUSD arbitrage combination, these past 6 minutes you can get 1.9192% return executing this trade as it is momentarily displaying decent since Tuesday, the match is sat at 1.07 as of 8th November from 14:14 with a profit of 0.00013009 bitcoin with every one bitcoin traded. Since we began we have seen its pairing top out at 3.114 since the beginning of November. In the last 24 hours the spread reached a high of 1.369 resulting in a -1.745 shortening on the year resulting in a 56% contraction. Huobi DM and Bitstamp's LTCCQ and LTCUSD is 118th currently. This arbitrage combination is not treated as a excellent development, and not profitable like HBDM BTC_CQ to Binance BTCUSDC and Binance ETHBTC to Bitmex ETHZ19 which should be more attractive.
8th November 2019 14:14:23 UTC - 29 weeks ago
Huobi DM LTCCQ @ 61.07000000
Bitstamp LTCUSD @ 60.00000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00013009 BTC with a 1.9192% return
Bitcoin Trade Size
This contributes to an income of 0.00527 bitcoin when you auction 40.5 bitcoin of LTCCQ at Huobi DM at the current price of 61.07000000 and order the very same size of 40.5 BTC of LTCUSD at Bitstamp priced at 60.00000000 meaning a 46.59 USD profit with BTC positioned at 8,840 USD per 1 bitcoin. Currently we recommend that traders investigate this arbitrage opportunity more, as it would result in profit when carried out to the sound of 0.00013009 per 1 BTC. The opportunity though indicates that the profits will be meager rendering it not worthwhile, chiefly when faced with the option of Binance ETHBTC to Bitmex ETHZ19 providing 0.02074266 BTC profit per 1 bitcoin at present.
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 November 2019 14:14:23, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.