Our 9th update on Huobi BTCNW to Binance BTCUSDT since 21st October 2019. On the 19th June 2019 we started watching of Huobi and Binance BTCNW to BTCUSDT arbitrage spreads, presently there is an available 0.2428% return executing this swap as it is currently holding fair arbitrage return since Wednesday, the match is sat at 19.91 at 17:31 today looking at profit of 0.00242783 bitcoin with every 1 BTC traded. Since we began we have verified a spread high reach of 1063.63 since November began. In the last 24 hours the spread reached a high of 62.75 resulting in a -1000.88 short this year creating a 94.10% reduction. Huobi's BTCNW and Binance's BTCUSDT match up is positioned 41st from 246 arbitrage combinations monitored. This combination should not be considered a high yield development, and not in the same league as HBDM BTC_CQ to Binance BTCUSDC and Bitfinex ETHBTC to Bitmex ETHZ19 with it being more appeal.
8th November 2019 17:31:40 UTC - 1 week ago
Huobi BTCNW @ 8806.96000000
Binance BTCUSDT @ 8787.05000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00242783 BTC with a 0.2428% return
Bitcoin Trade Size
This represents a profit of 0.0801 BTC when you auction 33 BTC of BTCNW at Huobi at the market price of 8,806.96 and order the interchangable quantity of 33 BTC of BTCUSDT at Binance for 8,787.05 giving a 703.73 USD net gain with bitcoin trading at 8,786 USD. Our recommendation this morning is to look at this more, this will return a profit if executed to the amount of 0.0024278 for every one BTC. With everything reported it seems points that the profits will be poor making it not worthwhile, chiefly considering the availability of Bitfinex ETHBTC to Bitmex ETHZ19 returning 0.02089662 bitcoin profit per 1 BTC currently.
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 8th November 2019 17:31:40, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.