On 24th June 2019 we started supporting capturing of Huobi DM's LTC_CQ and Bitfinex's LTCUSD match up arbitrage combination, these past 4 minutes you can get 1.035% return executing this trade as it is momentarily showing fair arbitrage return this week, the pairing currently spreads at 0.443 at 08:07 today looking at profit of 0.00004477 bitcoin for every one BTC spent. Since tracking proceeded we have seen a spread high reach of 0.782 since the beginning of October. In the last 24 hours the spread reached a high of 0.67 meaning -10.896 decrease on the year creating a 94.2% contraction from that top spread. Huobi DM's and Bitfinex's LTC_CQ to LTCUSD is 112th currently. This arbitrage combination isn't a fanciful change, and nowhere near HBDM BTC_CQ to Bitfinex BTCUST and Bitfinex ETHF0-USTF0 to Kraken XETHXXBT which should take your attention.
7th October 2020 08:07:14 UTC - 28 weeks ago
Huobi DM LTC_CQ @ 46.37600000
Bitfinex LTCUSD @ 45.92900000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004477 BTC with a 1.035% return
Bitcoin Trade Size
This contributes to a profit of 0.0017 BTC when you put up 37.5 bitcoin of LTC_CQ at Huobi DM at the market price of 46.37600000 and buy the matching quantity of 37.5 BTC of LTCUSD at Bitfinex set at 45.93300000 providing a 18.04 USD gain with bitcoin jumping around at $10,611. Presently the advice is to look at this more, as it would result in profit when done to the tune of 0.000045 for every 1 bitcoin. With everything shown, details confirm points that the gains would be inadequate rendering it not worthwhile, notably considering the option of Bitfinex ETHF0-USTF0 to Kraken XETHXXBT resulting in 0.03209699 bitcoin return per one BTC as of right now.
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 7th October 2020 08:07:14, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
Crypto trading is something that is loved by all of us once we get the hang of it. However, if we go prepared, that is, if we know of the preparations that one must make before using crypto trading, the road can become smoother and much more profitable.