Our 4th update on Bitfinex and Huobi Pro's ETHUSD and ETHUSDT since 6th October 2020. Bitfinex's ETHUSD and Huobi Pro's ETHUSDT match up reached a 14 day high on the 29th September 2020 showing a 91% decrease from the 90 day high of 25.17, making a difference of -22.82 over the 58 days, the combination currently spreads at 0.84 from 01:56:58 today looking at profit of 0.00007708 bitcoin with every one BTC spent. Since tracking proceeded we have witnessed this range topping off at 3.98 since the beginning of October 2020. In the last 24 hours the spread reached a high of 1.22 meaning -23.95 shortening on the year marking a 95.2% change. Bitfinex's ETHUSD and Huobi Pro's ETHUSDT combo pairs is 106th currently. This arbitrage opportunity is not treated as a fantastic opportunity, and nowhere near HBDM BTC_CQ to Binance BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH which should be considered.
9th October 2020 01:56:58 UTC - 2 weeks ago
Bitfinex ETHUSD @ 351.72000000
Huobi Pro ETHUSDT @ 350.88000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00007708 BTC with a 0.2394% return
Bitcoin Trade Size
This results in a profit of 0.001 bitcoin when you risk 11.5 BTC of ETHUSD at Bitfinex at the current price of 351.72000000 and buy the same size of 11.5 bitcoin of ETHUSDT at Huobi Pro for 350.88000000 bringing a 10.90 USD profit with BTC trading at 10,898 USD per one BTC. Our recommendation this afternoon is to read up on this arbitrage opportunity more, this will return a profit if carried out to the sound of 0.0000771 per 1 bitcoin. The current standing would be points that the gains will be curbed making it not worthwhile if you factor in exchange fees, and especially when faced with the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH providing 0.03226979 bitcoin profit per 1 bitcoin 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 9th October 2020 01:56:58, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.