Huobi and Binance BCH_NW to BCHABCUSDT reached a 14 day period high on the 14th November indicating a 29.2% decrease from the 60 day high of 6.853, making a difference of -2.003 during the 19 days, the combination is sitting at 0.091 from 18:53:17 today looking at profit of 0.00004798 bitcoin for every 1 BTC spent. Since we began we have seen this topping off at 6.853 since the beginning of November 2019. In the last 24 hours the spread reached a high of 1.45 resulting in a -5.403 shortening this year signalling a 78.84% shortening. Huobi's BCH_NW and Binance's BCHABCUSDT pairings is placed 136th currently. This arbitrage opportunity isn't a crazy movement, and nowhere near HBDM BTC_CQ to Bitstamp BTCUSD and Binance ETHUSDT to Kraken XETHXXBT which should take your trading yen.
18th November 2019 18:53:17 UTC - 3 weeks ago
Huobi BCH_NW @ 246.03100000
Binance BCHABCUSDT @ 245.94000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004798 BTC with a 0.160% return
Bitcoin Trade Size
This nets a profit of 0.0012235 bitcoin when you leverage 25.5 BTC of BCH_NW at Huobi at the market price of 246.03100000 and buy the matching amount of 25.5 BTC of BCHABCUSDT at Binance priced at 245.94000000 providing a 10.02 USD profit with bitcoin positioned at $8,192 per one BTC. For the time being we recommend to look more seriously at this pairing, as it would result in profit when done to the sound of 0.000048 per 1 bitcoin. The general idea indicates that the gains will be stunted making it not worthwhile if you recognize transfer outgoings, and, specifically considering the profits presented by Binance ETHUSDT to Kraken XETHXXBT resulting in 0.02172717 BTC return per one 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 18th November 2019 18:53:17, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.