Our 3rd update on Huobi's LTC_CW and Binance's LTCUSDT since 14th September 2019. Huobi's LTC_CW and Binance's LTCUSDT pairings reached a seven day high on the 24th February 2020 indicating an overall 59% decrease from the 90 day high of 1.853, making a difference of -1.1 over the 8 days, the match is positioned at 0.26 as of 29th February 2020 from 13:12:29 with a profit of 0.00003219 bitcoin with every 1 BTC traded. Since we began we have watched a pairing high of 1.853 since the 1st of February 2020. In the last 24 hours the spread reached a high of 0.44 meaning -5.98 short from the year high resulting in a 93.1% decrease from that high. Huobi LTC_CW to Binance LTCUSDT is placed 153rd currently. This spread isn't a excellent occurrence, and should be considered as such with Binance ETHUSDT to Bitmex ETHH20 and Bitmex XBTM20 to Binance BTCUSDT which should be followed.
29th February 2020 13:12:29 UTC - 39 weeks ago
Huobi LTC_CW @ 59.23000000
Binance LTCUSDT @ 58.97000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003219 BTC with a 0.4715% return
Bitcoin Trade Size
This results in a profit of 0.001320 bitcoin if you offload 41 bitcoin of LTC_CW at Huobi at the current price of 59.23000000 and buy the interchangable size of 41 bitcoin of LTCUSDT at Binance for 58.97000000 turning a 11.40 USD net gain with bitcoin trading at $8,635. We propose you analyze this arbitrage pairing more, as it would result in profit when executed to the tune of 0.000032 per one BTC. The opportunity though points that the profits would be modest placing doubt to proceed when you consider the option of Bitmex XBTM20 to Binance BTCUSDT returning 0.03670173 bitcoin return per 1 BTC 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 29th February 2020 13:12:29, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
I write this journal to go over the basics of trading digital assets on liquid exchanges. I will not delve deeply into fundamentals of the assets unless it is necessary to explain the trading strategy.