Our 14th update on Huobi DM's LTCCQ and Binance's LTCBTC match up since 15th November 2019. Huobi DM and Binance LTCCQ to LTCBTC reached a 14 day high on the 11th January 2020 showing a 18% decrease from the 60 day high of 62.73296, confirming a spread of -11.603163 during the 59 days, the pairing is sitting at 51.08079 from 15:49:57 today with a profit of 0.00010073 BTC for every one bitcoin traded. Since we began we have watched the range height of 51.129797 since January began. In the last 24 hours the spread reached a high of 51.129797 resulting in a -41.707177 shortening on the year resulting in a 44.93% change from that top spread. Huobi DM and Binance's LTCCQ and LTCBTC is placed 115th currently. This arbitrage opportunity is not looked upon as a excellent action, and not in the same league as HBDM ETH_CQ to Bitmex ETHH20 and HBDM BTC_CQ to Bitfinex BTCUSD which should be considered.
11th January 2020 15:49:57 UTC - 2 weeks ago
Huobi DM LTCCQ @ 51.08700000
Binance LTCBTC @ 0.00621000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010073 BTC with a 1.62% return
Bitcoin Trade Size
This gives a profit of 0.002518 bitcoin when you devote 25 BTC of LTCCQ at Huobi DM at the market price of 51.08700000 and order the same size of 25 bitcoin of LTCBTC at Binance set at 0.00621000 providing a 20.38 USD net gain with the current price of bitcoin set at $8,095. Our recommendation this morning is to read up on this arbitrage pairing more, as it would provide profit if carried out to the sound of 0.00010073 for each 1 BTC. With the information on hand points that the profits will be poor placing doubt to proceed if you examine transfer and exchange costs, and seeing the opportunity of HBDM BTC_CQ to Bitfinex BTCUSD resulting in 0.01977948 bitcoin return 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 11th January 2020 15:49:57, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.