Our 13th update on Huobi and Binance LTC_CQ to LTCBTC since 6th November 2019. On the 10th August 2019 executium included covering of Huobi Binance with LTC_CQ LTCBTC arbitrage combination, these past 10 minutes there is an available 0.83% return running this trade as it is temporarily showing constant arbitrage return today, the pairing is sitting at 57.374269 as of 15th November 2019 from 14:33 with a profit of 0.00005619 BTC with every 1 BTC exchanged. Since we began we have seen a spread high reach of 66.993534 in the past month between Binance and Huobi. In the last 24 hours the spread reached a high of 61.437082 meaning -31.399892 decrease from the year high signalling a 33.82% decrease from that spread. Huobi's LTC_CQ and Binance's LTCBTC pairings is 145th currently. This arbitrage combination isn't a great development, and not the same as HBDM BTC_CQ to Binance BTCPAX and Binance ETHUSDT to Kraken XETHXXBT which should be more attractive.
15th November 2019 14:33:31 UTC - 4 weeks ago
Huobi LTC_CQ @ 57.38100000
Binance LTCBTC @ 0.00673100
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00005619 BTC with a 0.83% return
Bitcoin Trade Size
This results in a profit of 0.0015 BTC when you offload 26.6667 bitcoin of LTC_CQ at Huobi at the price of 57.38100000 and buy the exact quantity of 26.6667 bitcoin of LTCBTC at Binance set at 0.00673100 giving a 12.68 USD profit with BTC holding at 8,454 USD per one BTC. Currently we recommend that traders to look more seriously at this pairing, this will return a profit if performed to the sound of 0.000056 for every 1 BTC. The thought process indicates that the gains would be very small placing doubt to proceed especially when faced with the profits presented by Binance ETHUSDT to Kraken XETHXXBT giving 0.02122881 BTC 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 15th November 2019 14:33:31, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.