Our 7th update on Binance's and Huobi's ETHUSDT to ETHNW since 22nd March 2020. Since the 10th August 2019 we have been monitoring of Binance Huobi with ETHBTC ETH_CQ arbitrage combination, presently there is an available 0.286% return running this recommendation as it is momentarily showing fair since Sunday, the match is sitting at -197.655975 as of 4th May from 07:05 with a profit of 0.00006575 BTC with every 1 BTC spent. Since tracking started we have witnessed a arbitrage high of -145.863201 since the beginning of May 2020. In the last 24 hours the spread reached a high of -194.549239 resulting in a -114.405982 decrease this year creating a -142.8% reduction. Binance ETHBTC to Huobi ETH_CQ is 93rd from a pool of 219 combinations monitored. This arbitrage opportunity is not a fantastic change, and should be considered as such with HBDM BTC_CQ to Bitfinex BTCUST and Bitmex ETHUSD to Poloniex BTC_ETH which should take your attention.
4th May 2020 07:05:48 UTC - 4 weeks ago
Binance ETHBTC @ 0.02302500
Huobi ETH_CQ @ 197.67900000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00006575 BTC with a 0.286% return
Bitcoin Trade Size
This contributes to an income of 0.003551 bitcoin if you sell 54 bitcoin of ETHBTC at Binance at the current price of 0.02302500 and order the exact quantity of 54 bitcoin of ETH_CQ at Huobi for 197.67900000 meaning a $30.57 gain with bitcoin holding at 8,610 USD. For the time being we recommend that you should examine this more, as it would provide profit if executed to the sound of 0.000066 for every 1 BTC. With the data returned points that the profits will be modest making it not worthwhile considering the profits given by Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.02303971 BTC profit per one bitcoin at this moment.
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 4th May 2020 07:05:48, 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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