Since the 20th June 2019 we have been monitoring of Huobi DM's EOSCQ and Binance's EOSUSDT spread, today there is an available 2.837% return executing this trade as it is currently displaying firm arbitrage return today, the combination is sat at 0.109 as of 20th September 2019 from 03:56:35 with a profit of 0.00001089 bitcoin with every 1 bitcoin exchanged. Since we began we have verified its spread top out at 0.192 since September began. In the last 24 hours the spread reached a high of 0.1158 meaning -0.6056 shortening on the year making a 84% decrease. Huobi DM EOSCQ to Binance EOSUSDT is positioned 128th from 180 we track. This arbitrage opportunity is not looked upon as a great development, and should be treated as such with HBDM BTC_CQ to HBDM BTC_NW and HBDM BTC_CQ to Binance BTCUSDT which should be followed.
20th September 2019 03:56:35 UTC - 71 weeks ago
Huobi DM EOSCQ @ 4.04000000
Binance EOSUSDT @ 3.93100000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00001089 BTC with a 2.837% return
Bitcoin Trade Size
This represents a profit of 0.001 BTC when you auction 95 BTC of EOSCQ at Huobi DM at the current price of 4.04000000 and order the identical quantity of 95 BTC of EOSUSDT at Binance for 3.93100000 giving a 10.23 USD gain with BTC jumping around at 10,234 USD. Currently we recommend that look into this, as it would return a profit when executed to the amount of 0.00001089 for every 1 BTC. The information provided indicates that the gains will be narrow rendering it not worthwhile, notably when you consider the profits presented by HBDM BTC_CQ to Binance BTCUSDT returning 0.03188315 BTC return per 1 BTC 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 20th September 2019 03:56:35, 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.