Our 4th update on Huobi DM's ETHCW and Binance's ETHUSDT since 15th November 2019. Since the 20th June 2019 we have been covering Huobi DM's ETHCW and Binance's ETHUSDT combo pairs arbitrage opportunities, these past 8 minutes there is an available 0.18% return executing this recommendation as it is momentarily displaying okay arbitrage return today, the combination currently is spread at 0.255 as of 2nd December from 15:42:26 looking at profit of 0.00003624 BTC with every one bitcoin exchanged. Since we began we have seen its arbitrage top out at 1.92 since the 1st of December 2019. In the last 24 hours the spread reached a high of 0.456 resulting in a -14.896 decrease this year providing a 97% shortening from that spread. Huobi DM's and Binance's ETHCW to ETHUSDT is 117th from 209 spreads we offer. This spread isn't looked upon as a special opportunity, and not in the same league as Bitfinex BTCUSD to Bitfinex BTCUST and Bitmex ETHUSD to Poloniex BTC_ETH which should be primary.
2nd December 2019 15:42:26 UTC - 36 weeks ago
Huobi DM ETHCW @ 148.70500000
Binance ETHUSDT @ 148.45000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00003624 BTC with a 0.18% return
Bitcoin Trade Size
This gives a profit of 0.00323 BTC if you offload 89 BTC of ETHCW at Huobi DM at the current price of 148.70500000 and order the corresponding quantity of 89 BTC of ETHUSDT at Binance set at 148.45000000 bringing a 23.62 USD profit with BTC fixed at 7,312 USD. Currently we recommend that look into this arbitrage pairing more, as it would result in profit when done to the tune of 0.00003624 to each one bitcoin. With everything reported it seems points that the gains will be confined rendering it not worthwhile when you scrutinize transfer and exchange commissions, and, notably seeing the profits given by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02032632 BTC profit per one bitcoin 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 2nd December 2019 15:42:26, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.