On the 10th August 2019 we included covering of Huobi's and Binance's ETHCQ to ETHBTC arbitrage combination, as of now there is an available 0.33% return running this trade as it is temporarily displaying adequate return since Sunday, the combination currently spreads at 148.613686 at 14:44 today with a profit of 0.00006769 bitcoin for every 1 bitcoin traded. Since tracking proceeded we have watched a pairing high of 198.412289 since December began. In the last 24 hours the spread reached a high of 152.722462 meaning -76.436357 decrease this year signalling a 33% shortening of that previous height. Huobi to Binance with ETHCQ ETHBTC is placed 94th currently. This arbitrage spread should not be considered a high yield change, and not in the same league as Bitfinex BTCUSD to Bitmex XBTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should appeal more.
2nd December 2019 14:44:17 UTC - 2 weeks ago
Huobi ETHCQ @ 148.63400000
Binance ETHBTC @ 0.02031400
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00006769 BTC with a 0.33% return
Bitcoin Trade Size
This results in a profit of 0.00223377 bitcoin when you sell 33 BTC of ETHCQ at Huobi at the price of 148.63400000 and order the twin volume of 33 BTC of ETHBTC at Binance priced at 0.02031400 giving a 16.29 USD net gain with bitcoin fixed at $7,292. The signals indicate look into this, as it would provide profit when executed to the tune of 0.0000677 per one BTC. With the data returned indicates that the profits would be modest causing obvious doubt to proceed especially when presented with the opportunities presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02032707 BTC profit 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 December 2019 14:44:17, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.
There is a lot more to online trading than you might realise and here we are going to give you seven reasons why we feel that statistical arbitrage is one of the most important aspects involved in online trading.