On 20th June 2019 we enabled capturing of Binance's ETHUSDT and Huobi's ETH_NW spread, as of now there is an available 0.213% return running this trade as it is currently showing fair return since Wednesday, the combination is sitting at 0.585 from 03:06:30 today with a profit of 0.00006978 bitcoin with every 1 bitcoin traded. Since tracking proceeded we have watched this range topping off at 7.099 since the beginning of October. In the last 24 hours the spread reached a high of 2.7 resulting in a -12.134 shortening on the year resulting in a 82% contraction. Binance's ETHUSDT and Huobi's ETH_NW combination pairs is placed 104th currently. This arbitrage spread isn't a fanciful development, and should be treated as such with HBDM BTC_CQ to Huobi BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should take you.
3rd October 2020 03:06:30 UTC - 16 weeks ago
Binance ETHUSDT @ 345.47000000
Huobi ETH_NW @ 344.84100000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00006978 BTC with a 0.213% return
Bitcoin Trade Size
This nets an income of 0.0033 bitcoin if you sell 48 BTC of ETHUSDT at Binance at the price of 345.47000000 and order the twin amount of 48 BTC of ETH_NW at Huobi priced at 344.88500000 providing a $34.76 gain with the current price of BTC set at 10,533 USD. Presently the advice is to probe this arbitrage pairing more, this will return a profit when executed to the tune of 0.0000698 to each 1 bitcoin. Everything shown says indicates that the profits will be modest placing doubt to proceed when you consider transfer costs, and especially considering the choice of Bitmex ETHUSD to Poloniex BTC_ETH giving 0.03280893 BTC profit per 1 BTC 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 3rd October 2020 03:06:30, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.