Our 2nd update on Huobi DM and Binance's LTCCQ and LTCUSDT since 10th August 2019. Huobi DM's and Binance's LTCCQ to LTCUSDT reached a twenty eight day period high on the 6th August 2019 showing an overall 57% shortening from the sixty day high of 12.255, confirming a spread of -7.036 in 44 days, the pairing currently is spread at 1.128 at 11:44 today looking at profit of 0.00010869 bitcoin with every one BTC exchanged. Since we began we have witnessed the pairing height of 5.219 in the past month between Huobi and Binance. In the last 24 hours the spread reached a high of 1.572 meaning -10.683 short this year resulting in a 87.2% decrease from that top spread. Huobi DM LTCCQ to Binance LTCUSDT is 70th currently. This arbitrage opportunity isn't a special activity, and should be considered as such with HBDM BTC_CQ to Bitfinex BTCUSD and Binance BCHABCUSDT to Kraken BCHXBT which should be investigated.
12th August 2019 11:44:27 UTC - 2 weeks ago
Huobi DM LTCCQ @ 87.48800000
Binance LTCUSDT @ 86.36000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010869 BTC with a 1.4269% return
Bitcoin Trade Size
This results in a profit of 0.006304 bitcoin if you leverage 58 BTC of LTCCQ at Huobi DM at the price of 87.48800000 and buy the same amount of 58 BTC of LTCUSDT at Binance for 86.36000000 giving a $71.40 net gain with bitcoin dangling at $11,326 per 1 BTC. Today we recommend that you should examine this more, as it would result in profit if done to the tune of 0.0001087 per 1 BTC. With everything reported it seems indicates that the profits would be causing obvious doubt to proceed, specifically when presented with the choice of Binance BCHABCUSDT to Kraken BCHXBT resulting in 0.02915410 BTC return per one BTC this Monday morning.
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 12th August 2019 11:44:27, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.