Huobi ETH_NW to Binance ETHBTC reached a seven day high on the 29th November 2019 showing an overall 30% shortening from the ninety day high of 223.825819, signaling a spread of -66.326882 over the 71 days, the pairing is positioned at 150.767532 from 21:34:23 today looking at profit of 0.00006741 BTC with every 1 BTC spent. Since tracking started we have seen its range top out at 152.708611 in the past month between Binance and Huobi. In the last 24 hours the spread reached a high of 152.708611 resulting in a -71.117208 decrease on the year providing a 31.8% shortening of that previous height. Huobi to Binance with ETH_NW ETHBTC is placed 97th out of the 219 spreads we offer. This arbitrage spread is not looked upon as a great opportunity, and not the same as Bitfinex BTCUSD to Binance BTCTUSD and Bitmex ETHUSD to Poloniex BTC_ETH which should appeal more.
1st December 2019 21:34:23 UTC - 32 weeks ago
Huobi ETH_NW @ 150.78800000
Binance ETHBTC @ 0.02046800
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00006741 BTC with a 0.33% return
Bitcoin Trade Size
This earns an income of 0.0029 bitcoin when you sell 42.5 BTC of ETH_NW at Huobi at the price of 150.78800000 and buy the very same size of 42.5 BTC of ETHBTC at Binance priced at 0.02046800 meaning a 21.29 USD net gain with bitcoin trading at $7,343 per one BTC. We propose you look at the spread opportunities, as it would result in profit if done to the sound of 0.0000674 to each one BTC. With everything shown, details confirm points that the profits will be narrow rendering it not worthwhile when you examine exchange and transfer fees, and, specifically when you consider the profits granted by Bitmex ETHUSD to Poloniex BTC_ETH providing 0.02048006 bitcoin return per one BTC 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 1st December 2019 21:34:23, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.