Bitfinex's ETHUSD and Huobi's ETH_CQ reached a seven day period high on the 27th November 2019 showing a 85.57% decrease from the ninety day high of 11.205, confirming a difference of -9.588 over 63 days, the pairing is sitting at 0.336 as of 2nd December from 14:26 looking at profit of 0.00004601 bitcoin for every 1 BTC exchanged. Since tracking proceeded we have viewed a pairing high reach of 11.205 this year alone. In the last 24 hours the spread reached a high of 0.689 meaning -10.516 short on the year marking a 93.85% change. Bitfinex's and Huobi's ETHUSD to ETH_CQ is 108th from a catalog of 216 spreads we monitor. This arbitrage combination is not treated as a crazy opportunity, and should be treated as such with Bitfinex BTCUSD to Binancefutures BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH with it being more appeal.
2nd December 2019 14:26:54 UTC - 31 weeks ago
Bitfinex ETHUSD @ 149.58000000
Huobi ETH_CQ @ 149.24400000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00004601 BTC with a 0.2258% return
Bitcoin Trade Size
This represents a profit of 0.0045 bitcoin if you put up 98 bitcoin of ETHUSD at Bitfinex at the market price of 149.58000000 and buy the corresponding size of 98 BTC of ETH_CQ at Huobi set at 149.24400000 giving a $32.96 net gain with BTC dangling at 7,325 USD. We would advise to look more seriously at this pairing, as it would return a profit if done to the sound of 0.000046 for each 1 bitcoin. The spread shown points that the profits will be confined rendering it not worthwhile if you factor in exchange and transfer costs, and, notably when you consider the opportunity of Bitmex ETHUSD to Poloniex BTC_ETH returning 0.02030437 bitcoin return per 1 BTC right now.
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 2nd December 2019 14:26:54, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.