Since the 10th August 2019 we have been watching of HBDM's ETHCQ to Binance's ETHBTC arbitrage spreads, currently you can get 0.63% return running this swap as it is momentarily showing fair arbitrage return this Saturday, the pairing currently is spread at 349.746056 from 04:09:10 today with a profit of 0.00020593 BTC for every 1 bitcoin traded. Since tracking started we have verified a pairing high of 402.212946 in the past month. In the last 24 hours the spread reached a high of 356.561809 resulting in a -140.347629 decrease this year signalling a 28.2% change. HBDM's ETHCQ to Binance's ETHBTC is 85th currently. This arbitrage spread is not treated as superb opportunity, and should be considered as such with HBDM BTC_CQ to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should take your cash.
3rd October 2020 04:09:10 UTC - 16 weeks ago
HBDM ETHCQ @ 349.77900000
Binance ETHBTC @ 0.03294400
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00020593 BTC with a 0.63% return
Bitcoin Trade Size
This contributes to an income of 0.010091 BTC if you auction 49 bitcoin of ETHCQ at HBDM at the market price of 349.77900000 and buy the interchangable size of 49 BTC of ETHBTC at Binance priced at 0.03294400 bringing a $106.46 profit with bitcoin fixed at 10,550 USD per one BTC. The signals expressed indicate that you should look at this more, as it would provide profit if executed to the tune of 0.000206 for every 1 bitcoin. The advice indicates that the gains will be stunted rendering it not worthwhile when you consider transfer costs, and when faced with the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.03295743 BTC profit per one bitcoin at present.
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 04:09:10, 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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