Our 20th update on Huobi DM Binance with LTC_CQ LTCUSDT since 12th January 2020. Huobi DM's LTC_CQ and Binance's LTCUSDT combo pairs reached a 28 day period high on the 14th January marking a 7% shortening from the 90 day high of 2.204, signaling a spread of -0.149 in 81 days, the pairing is sat at 1.58 as of 17th January 2020 from 07:33 looking at profit of 0.00018705 bitcoin with every 1 bitcoin traded. Since tracking begun we have witnessed its range top out at 2.055 since the beginning of January 2020. In the last 24 hours the spread reached a high of 1.748 meaning -10.507 short on the year providing a 85.7% contraction from that high. Huobi DM and Binance LTC_CQ to LTCUSDT is placed 113th currently. This arbitrage combination isn't a special development, and nowhere near HBDM BTC_CQ to Bitstamp BTCUSD and HBDM BTC_CQ to Bitfinex BTCUSD with it being more appeal.
17th January 2020 07:33:00 UTC - 5 weeks ago
Huobi DM LTC_CQ @ 61.18000000
Binance LTCUSDT @ 59.60000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00018705 BTC with a 2.805% return
Bitcoin Trade Size
This gives an income of 0.0033 bitcoin when you close 17.75 BTC of LTC_CQ at Huobi DM at the market price of 61.18000000 and buy the very same quantity of 17.75 bitcoin of LTCUSDT at Binance priced at 59.60000000 turning a 29.44 USD profit with bitcoin jumping around at $8,923 per 1 bitcoin. We propose you to look more seriously at this pairing, as it would result in profit if done to the amount of 0.0001871 for each 1 bitcoin. Everything shown says points that the profits will be confined rendering it not worthwhile when presented with the option of HBDM BTC_CQ to Bitfinex BTCUSD returning 0.03095521 BTC return per one bitcoin 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 17th January 2020 07:33:00, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.