Our 23rd update on Huobi ETH_CQ to Bitstamp ETHUSD since 26th November 2019. On the 10th August 2019 we included watching of Huobi and Bitstamp ETH_CQ to ETHUSD spread, presently you can get 0.4864% return running this swap as it is currently displaying constant arbitrage return since Saturday, the pairing is positioned at 0.439 at 21:07 today with a profit of 0.00009944 BTC with every 1 bitcoin exchanged. Since tracking proceeded we have watched a arbitrage high reach of 4.457 since the 1st of December 2019. In the last 24 hours the spread reached a high of 0.949 resulting in a -8.567 decrease on the year creating a 90.0% decrease from that spread. Huobi's and Bitstamp's ETH_CQ to ETHUSD is placed 98th out of a possible 213 combinations monitored. This arbitrage spread should not be considered a great change, and should be treated as such with Bitfinex BTCUSD to Binance BTCPAX and Bitmex ETHUSD to Poloniex BTC_ETH which should take you.
1st December 2019 21:07:41 UTC - 32 weeks ago
Huobi ETH_CQ @ 150.61900000
Bitstamp ETHUSD @ 150.18000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00009944 BTC with a 0.4864% return
Bitcoin Trade Size
This renders a profit of 0.005270 bitcoin if you offload 53 BTC of ETH_CQ at Huobi at the current price of 150.61900000 and buy the very same volume of 53 BTC of ETHUSD at Bitstamp priced at 150.18000000 yielding a $38.64 gain with bitcoin fixed at 7,331 USD per one BTC. The signals expressed indicate that you should look into this arbitrage opportunity more, as it would result in profit if done to the sound of 0.0000994 to each 1 bitcoin. The spread shown indicates that the profits will be curbed making it not worthwhile if you scrutinize transfer and exchange fees, and, chiefly considering the availability of Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02046456 BTC profit per 1 bitcoin 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 1st December 2019 21:07:41, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
I write this journal to go over the basics of trading digital assets on liquid exchanges. I will not delve deeply into fundamentals of the assets unless it is necessary to explain the trading strategy.