Huobi DM's and Bitfinex's LTCCQ to LTCUSD reached a 7 day period high on the 7th August 2019 at 11:29 showing a 84% shortening from the sixty day high of 11.566, making a spread of -9.67 during the 42 days, the pairing is sitting at 0.996 as of 14th August 2019 from 10:58:29 looking at profit of 0.00010002 bitcoin for every 1 bitcoin spent. Since tracking started we have seen the range height of 5.269 since the 1st of August 2019. In the last 24 hours the spread reached a high of 1.57 resulting in a -9.996 decrease from the year high marking a 86% decrease of that previous height. Huobi DM's LTCCQ and Bitfinex's LTCUSD pairings is 71st from a catalog of 148 spreads we track. This spread is not looked upon as a high yield action, and not in the same league as HBDM BTC_CQ to Bitfinex BTCUST and Binance BCHABCUSDT to Kraken BCHXBT which should be primary.
14th August 2019 10:58:29 UTC - 2 weeks ago
Huobi DM LTCCQ @ 84.63500000
Bitfinex LTCUSD @ 83.63900000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00010002 BTC with a 1.26% return
Bitcoin Trade Size
This results in a profit of 0.0041 bitcoin if you spend 41 bitcoin of LTCCQ at Huobi DM at the current price of 84.63500000 and order the corresponding quantity of 41 BTC of LTCUSD at Bitfinex for 83.63900000 providing a $43.21 profit with BTC dangling at $10,538. The signals indicate look into this arbitrage pairing more, as it would result in profit if executed to the amount of 0.00010002 for every 1 bitcoin. The current standing would be indicates that the gains would be curbed making it not worthwhile, chiefly when you consider the choice of Binance BCHABCUSDT to Kraken BCHXBT resulting in 0.03218464 BTC return per one BTC this Wednesday 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 14th August 2019 10:58:29, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.