Since the 10th August 2019 we have been tracking of Huobi DM Bitstamp with ETH_CQ ETHUSD arbitrage spreads, as of now you can get 0.9861% return executing this trade as it is temporarily holding decent return since Sunday, the pairing is sitting at 3.119 at 04:04 today looking at profit of 0.00031389 bitcoin with every one BTC spent. Since tracking proceeded we have seen a spread high reach of 9.387 since the 1st of October 2020. In the last 24 hours the spread reached a high of 5.996 meaning -17.418 decrease on the year providing a 74.39% contraction of that previous height. Huobi DM and Bitstamp's ETH_CQ and ETHUSD is placed 65th from 228 spreads we offer. This spread is not looked upon as a high yield change, and not profitable like HBDM BTC_CQ to Binance BTCPAX and Binance ETHUSDT to Kraken XETHXXBT which should lead you.
7th October 2020 04:04:10 UTC - 28 weeks ago
Huobi DM ETH_CQ @ 339.92900000
Bitstamp ETHUSD @ 336.81000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00031389 BTC with a 0.9861% return
Bitcoin Trade Size
This renders a profit of 0.01569450 BTC if you offload 50 BTC of ETH_CQ at Huobi DM at the price of 339.92900000 and buy the very same volume of 50 BTC of ETHUSD at Bitstamp set at 336.81000000 bringing a 165.95 USD profit with BTC stable at $10,574 per one bitcoin. Presently you will want to look more seriously at this pairing, as it would return a profit when performed to the tune of 0.00031389 for each one BTC. The current standing would be indicates that the gains would be stunted rendering it not worthwhile when you consider exchange outgoings, and when given the profits presented by Binance ETHUSDT to Kraken XETHXXBT returning 0.03183125 BTC profit per 1 bitcoin at this moment.
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 7th October 2020 04:04:10, 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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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.