Our 9th update on Huobi DM's ETH_NW and Binance's ETHBTC pairings since 4th November 2019. Since the 10th August 2019 we have been covering Huobi DM's ETH_NW and Binance's ETHBTC combination, presently there is an available 0.456% return executing this swap as it is momentarily holding constant arbitrage return today, the pairing is positioned at 190.798634 from 14:13:20 today with a profit of 0.00009287 BTC for every one BTC exchanged. Since tracking started we have seen a range high of 200.978931 since the beginning of November. In the last 24 hours the spread reached a high of 195.694289 meaning -28.13153 short from the year high signalling a 12.6% shortening from that spread. Huobi DM's ETH_NW to Binance's ETHBTC is 100th currently. This arbitrage spread isn't a great occurrence, and nowhere near HBDM BTC_CQ to Binance BTCTUSD and HBDM BTC_CQ to Bitfinex BTCUST which should appeal more.
6th November 2019 14:13:20 UTC - 1 week ago
Huobi DM ETH_NW @ 190.81900000
Binance ETHBTC @ 0.02036600
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00009287 BTC with a 0.456% return
Bitcoin Trade Size
This represents an income of 0.005665 bitcoin when you offload 61 bitcoin of ETH_NW at Huobi DM at the market price of 190.81900000 and order the exact volume of 61 BTC of ETHBTC at Binance set at 0.02036600 giving a 52.84 USD gain with bitcoin fixed at $9,327 per 1 BTC. Presently the advice is to look at this more, as it would return a profit when done to the tune of 0.00009287 to each 1 BTC. The current standing would be points that the profits would be poor making it not worthwhile when you look at transfer and exchange costs, and especially when given the opportunity of HBDM BTC_CQ to Bitfinex BTCUST returning 0.02040832 bitcoin profit per 1 BTC for the time being.
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 6th November 2019 14:13:20, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.