Our 7th update on Huobi DM's BCH_CQ and Binance's BCHBTC match up since 6th October 2020. Since the 25th January 2020 we have been watching of Huobi DM's BCH_CQ and Binance's BCHBTC pairings arbitrage combination, currently there is an available 1.48% return executing this recommendation as it is temporarily holding reliable return this Thursday, the match currently is spread at 226.895878 at 08:01 today looking at profit of 0.00031362 bitcoin for every 1 BTC spent. Since we began we have watched it top out at 530.619612 this year. In the last 24 hours the spread reached a high of 230.695664 resulting in a -299.923948 shortening this year marking a 57% contraction from that spread. Huobi DM Binance with BCH_CQ BCHBTC is positioned 61st currently. This arbitrage spread isn't a high yield occurrence, and nowhere near HBDM BTC_CQ to Bitmex XBTUSD and Bitfinex ETHF0-USTF0 to Kraken XETHXXBT which should be more attractive.
8th October 2020 08:01:31 UTC - 15 weeks ago
Huobi DM BCH_CQ @ 226.81900000
Binance BCHBTC @ 0.02112200
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00031362 BTC with a 1.48% return
Bitcoin Trade Size
This represents a profit of 0.004234 BTC if you sell 13.5 bitcoin of BCH_CQ at Huobi DM at the market price of 226.91700000 and order the matched size of 13.5 BTC of BCHBTC at Binance for 0.02112200 turning a $44.82 gain with the current price of BTC set at 10,586 USD. Presently the advice is to research this pairing more, this will return a profit if executed to the tune of 0.000314 for every one bitcoin. The information provided points that the profits would be small rendering it not worthwhile especially considering the profits granted by Bitfinex ETHF0-USTF0 to Kraken XETHXXBT giving 0.03173427 BTC return per one BTC 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 October 2020 08:01:31, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.