Our 3rd update on Kraken's XXBTZUSD and Huobi DM's BTC_CQ since 23rd November 2019. Kraken's XXBTZUSD and Huobi DM's BTC_CQ combination pairs reached a seven day high on the 20th March showing an overall 83% shortening from the 90 day high of 777.78, confirming a difference of -647.02 in 7 days, the combination is sitting at 53.18 as of 22nd March from 15:57:59 looking at profit of 0.00856703 bitcoin for every one bitcoin traded. Since we began we have verified a range high reach of 777.78 since the 1st of March 2020. In the last 24 hours the spread reached a high of 130.67 meaning -647.11 decrease on the year creating a 83.20% shortening from that spread. Kraken's and Huobi DM's XXBTZUSD to BTC_CQ is 21st currently. This spread should not be considered a great change, and not profitable like Okex ETH-USDT to Bitmex ETHH20 and Bitmex ETHUSD to Bitmex ETHH20 which should be investigated.
22nd March 2020 15:57:59 UTC - 15 weeks ago
Kraken XXBTZUSD @ 6085.10000000
Huobi DM BTC_CQ @ 6033.33000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00856703 BTC with a 0.8619% return
Bitcoin Trade Size
This renders a profit of 0.140 bitcoin if you put up 16.333 bitcoin of XXBTZUSD at Kraken at the current price of 6,085.10 and order the same size of 16.333 BTC of BTC_CQ at Huobi DM priced at 6,031.92 bringing a $849.93 gain with BTC teetering at 6,071 USD. Our recommendation tonight is to inquire this arbitrage pairing more, as it would provide profit if done to the amount of 0.008567 per 1 bitcoin.
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 22nd March 2020 15:57:59, 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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