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Hong-Qiang Wen

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Open access Oct 2026

Cross-numeraire relative pricing of ethereum: data authority, market frictions, and static arbitrage bounds

Using Gate.io hourly spot-order-book archives from January 2022 through June 2023, this paper reconstructs a long-horizon five-second panel for comparing the direct Ether/Tether (ETH/USDT) quote with the synthetic Ether/Bitcoin (ETH/BTC) \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackag...

Hong-Qiang Wen · 0 citations

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