Our 33rd update on Huobi's ETH_CQ and Bitstamp's ETHUSD combo pairs since 22nd January 2020. Huobi's ETH_CQ and Bitstamp's ETHUSD combo pairs reached a 7 day period high on the 18th January indicating an overall 19% decrease from the ninety day high of 6.621, confirming a spread of -1.272 over 4 days, the match is sitting at 3.298 as of 25th January 2020 from 08:57 with a profit of 0.00042751 BTC with every 1 bitcoin spent. Since we began we have witnessed this arbitrage topping off at 6.621 since the 1st of January 2020. In the last 24 hours the spread reached a high of 4.34 meaning -5.176 short from the year high signalling a 54% decrease from that high. Huobi ETH_CQ to Bitstamp ETHUSD is 96th from 239 spreads we positions. This arbitrage combination should not be considered a great development, and not in the same league as Binance ETHUSDT to Kraken XETHXXBT and Bitmex XBTM20 to Binance BTCUSDT with it being more appeal.
25th January 2020 08:57:43 UTC - 4 weeks ago
Huobi ETH_CQ @ 164.38800000
Bitstamp ETHUSD @ 161.09000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00042751 BTC with a 2.22% return
Bitcoin Trade Size
This results in a profit of 0.015390 bitcoin if you put up 36 bitcoin of ETH_CQ at Huobi at the price of 164.38800000 and order the corresponding quantity of 36 BTC of ETHUSD at Bitstamp for 161.09000000 meaning a $128.77 net gain with bitcoin stable at 8,367 USD. Currently we recommend that look into this, as it would return a profit if performed to the amount of 0.000428 to each one BTC. With everything shown, details confirm indicates that the gains will be poor placing doubt to proceed especially when you have the availability of Bitmex XBTM20 to Binance BTCUSDT resulting in 0.03106460 BTC return per one BTC 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 25th January 2020 08:57:43, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.