On the 24th June 2019 we included watching of Huobi DM and Bitfinex EOSCQ to EOSUSD arbitrage opportunities, presently there is an available 3.691% return executing this trade as it is temporarily showing bullish arbitrage return this week, the match currently is spread at 0.1578 from 13:59:32 today with a profit of 0.00001671 bitcoin for every one bitcoin exchanged. Since we began we have verified this topping off at 0.2134 since the beginning of February 2020. In the last 24 hours the spread reached a high of 0.1693 resulting in a -0.5633 shortening on the year making a 76.9% reduction from that high. Huobi DM's EOSCQ to Bitfinex's EOSUSD is 175th currently. This arbitrage combination should not be considered a special occurrence, and not profitable like HBDM BTC_CQ to Binance BTCUSDT and Bitmex XBTM20 to Binance BTCUSDT which should take your attention.
2nd February 2020 13:59:32 UTC - 4 weeks ago
Huobi DM EOSCQ @ 4.42000000
Bitfinex EOSUSD @ 4.26320000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00001671 BTC with a 3.691% return
Bitcoin Trade Size
This earns an income of 0.0013 BTC when you close 79 bitcoin of EOSCQ at Huobi DM at the price of 4.42100000 and order the same amount of 79 BTC of EOSUSD at Bitfinex set at 4.26320000 meaning a $12.25 profit with bitcoin trading at 9,420 USD per one BTC. Presently the advice is to analyze this arbitrage opportunity more, as it would result in profit if done to the tune of 0.00001671 for every 1 BTC. The current standing would be indicates that the gains would be very small rendering it not worthwhile when you factor in exchange commissions, and, chiefly when you have the profits granted by Bitmex XBTM20 to Binance BTCUSDT giving 0.04050004 bitcoin return per 1 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 2nd February 2020 13:59:32, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.