Huobi DM BTC_CW to Binance BTCUSDT reached a 14 day high on the 1st June 2020 marking an overall 14.9% shortening from the sixty day high of 278.5, signaling a difference of -41.5 in 19 days, the match is positioned at 26.54 as of 5th June 2020 from 09:17:29 with a profit of 0.00285249 BTC with every 1 bitcoin exchanged. Since we began we have seen a high of 237 in the past month between Binance and Bitfinex. In the last 24 hours the spread reached a high of 56.54 meaning -975.63 decrease on the year creating a 94.5% decrease. Huobi DM and Binance's BTC_CW and BTCUSDT is 33rd currently. This arbitrage combination isn't superb development, and not in the same league as HBDM BTC_CQ to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should be more attractive.
5th June 2020 09:17:29 UTC - 16 weeks ago
Huobi DM BTC_CW @ 9858.06000000
Binance BTCUSDT @ 9831.52000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00285249 BTC with a 0.2852% return
Bitcoin Trade Size
This harvests a profit of 0.013 bitcoin when you leverage 4.5 bitcoin of BTC_CW at Huobi DM at the current price of 9,858.06 and buy the very same amount of 4.5 BTC of BTCUSDT at Binance set at 9,831.52 meaning a 127.79 USD profit with bitcoin holding at 9,830 USD per 1 BTC. Presently the advice is to look at this more, as it would result in profit when done to the tune of 0.0028525 for every one BTC. The data displayed points that the gains would be curbed placing doubt to proceed if you examine exchange and transfer fees, and especially when you consider the profits presented by Bitmex ETHUSD to Poloniex BTC_ETH providing 0.02504827 bitcoin profit per one BTC for the time being.
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 5th June 2020 09:17:29, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
I write this journal to go over the basics of trading digital assets on liquid exchanges. I will not delve deeply into fundamentals of the assets unless it is necessary to explain the trading strategy.
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