Huobi's ETH_CQ and Bitfinex's ETHUSD match up reached a 7 day period high on the 30th May 2020 marking an overall 59.80% shortening from the 90 day high of 12.148, making a difference of -7.265 during the 79 days, the match currently is spread at 1.883 from 06:22:26 today looking at profit of 0.00019376 BTC for every 1 bitcoin traded. Since tracking proceeded we have viewed the range height of 4.883 since the beginning of June. In the last 24 hours the spread reached a high of 2.219 meaning -37.947 shortening this year making a 94% shortening from that spread. Huobi ETH_CQ to Bitfinex ETHUSD is placed 82nd out of the 225 we track. This arbitrage opportunity isn't a fantastic change, and not the same as HBDM BTC_CQ to Binance BTCUSDC and Bitmex ETHUSD to Poloniex BTC_ETH which should be investigated.
5th June 2020 06:22:26 UTC - 16 weeks ago
Huobi ETH_CQ @ 244.81300000
Bitfinex ETHUSD @ 242.96000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00019376 BTC with a 0.7793% return
Bitcoin Trade Size
This gives an income of 0.003 BTC if you offload 14.5 BTC of ETH_CQ at Huobi at the market price of 244.81300000 and order the matching quantity of 14.5 BTC of ETHUSD at Bitfinex set at 242.93000000 yielding a $29.31 net gain with BTC fixed at 9,770 USD. Currently we recommend that look into this, this will return a profit when executed to the sound of 0.00019376 to each 1 bitcoin. The advice indicates that the gains will be confined making it not worthwhile, specifically considering the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02491119 bitcoin return per 1 bitcoin 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 5th June 2020 06:22:26, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.