On 10th August 2019 we started watching of Binance's ETHBTC and Huobi's ETHNW pairings spread, as of now there is an available 0.1594% return running this swap as it is temporarily displaying fair arbitrage return this Saturday, the combination currently spreads at -347.00204 from 10:12:55 today looking at profit of 0.00005244 bitcoin with every 1 BTC traded. Since we began we have seen its pairing top out at -83.97531 this year. In the last 24 hours the spread reached a high of -333.967788 meaning -249.992478 short this year signalling a -297.70% change of that previous height. Binance ETHBTC to Huobi ETHNW is 108th currently. This arbitrage opportunity isn't a crazy change, and not in the same league as HBDM BTC_CQ to Huobi BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH with it being more appeal.
3rd October 2020 10:12:55 UTC - 15 weeks ago
Binance ETHBTC @ 0.03296100
Huobi ETHNW @ 347.03000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00005244 BTC with a 0.1594% return
Bitcoin Trade Size
This provides a profit of 0.00162564 BTC when you sell 31 BTC of ETHBTC at Binance at the current price of 0.03296000 and buy the twin size of 31 bitcoin of ETHNW at Huobi priced at 347.03500000 bringing a 17.13 USD profit with BTC staggering at 10,539 USD per 1 bitcoin. Presently the advice is to look at the arbitrage opportunities opportunities, this will return a profit if performed to the sound of 0.0000524 for each 1 BTC. The opportunity though indicates that the gains would be meager placing doubt to proceed especially when you consider the availability of Bitmex ETHUSD to Poloniex BTC_ETH resulting in 0.03296867 bitcoin return per 1 bitcoin as of 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 3rd October 2020 10:12:55, 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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