Our 7th update on Bitfinex's LTCUSD and Binance's LTCBTC pairings since 13th March 2020. On the 10th August 2019 we included capturing of Huobi DM BCH_CQ to Bitstamp BCHBTC combination, currently you can get 1.0860% return running this recommendation as it is momentarily displaying constant since Friday, the combination is positioned at 271.04653295 as of 2nd June from 12:20 with a profit of 0.00028744 BTC for every one bitcoin exchanged. Since we began we have verified its pairing top out at 280.827442 in the past month. In the last 24 hours the spread reached a high of 272.90147 meaning -257.806167 shortening this year resulting in a 48.58% change. Huobi DM's BCH_CQ and Bitstamp's BCHBTC combination pairs is 84th currently. This arbitrage spread is not a crazy change, and nowhere near HBDM BTC_CQ to Binance BTCPAX and Binance ETHBTC to Kraken XETHXXBT which should appeal more.
2nd June 2020 12:20:04 UTC - 5 weeks ago
Huobi DM BCH_CQ @ 271.07300000
Bitstamp BCHBTC @ 0.02646713
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00028744 BTC with a 1.0860% return
Bitcoin Trade Size
This harvests an income of 0.0073297 bitcoin if you put up 25.5 bitcoin of BCH_CQ at Huobi DM at the market price of 271.07300000 and order the duplicate volume of 25.5 BTC of BCHBTC at Bitstamp priced at 0.02646705 giving a $74.26 net gain with bitcoin positioned at 10,132 USD per one bitcoin. Presently the advice is to look into this arbitrage opportunity more, as it would return a profit when carried out to the amount of 0.00028744 per 1 bitcoin. Everything shown says points that the profits would be modest causing obvious doubt to proceed, notably when presented with the option of Binance ETHBTC to Kraken XETHXXBT giving 0.02495954 bitcoin return per 1 BTC this Tuesday 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 2nd June 2020 12:20:04, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
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