Binance:BTC/JPY-Bitfinex:JPY/ETH-Gate:ETH/BTC

0.1% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		12178000	12166000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.403 ETH
Gate ETH/BTC	Sell		0.021607	1.0006 BTC
			Profit	0.1%

-7.3% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Gate ETH/BTC	Buy		0.021615	46.172 ETH
lag 2 min Bitfinex ETH/JPY	Sell	M	245290	11303000 JPY
Binance BTC/JPY	Buy		12181000	0.92697 BTC
			Profit	-7.3%

Similar routes

0.5% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Kucoin ETH/BTC	Sell	M	0.02161	1.0049 BTC
			Profit	0.5%

0.5% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Binance ETH/BTC	Sell	M	0.02161	1.0049 BTC
			Profit	0.5%

0.4% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Okx ETH/BTC	Sell		0.02161	1.0044 BTC
			Profit	0.4%

0.4% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Coinbase ETH/BTC	Sell		0.02159	1.004 BTC
			Profit	0.4%

0.4% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Huobi ETH/BTC	Sell		0.02161	1.0039 BTC
			Profit	0.4%

0.4% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Gate ETH/BTC	Sell		0.021607	1.0037 BTC
			Profit	0.4%

0.3% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Kraken ETH/BTC	Sell		0.02161	1.0033 BTC
			Profit	0.3%

0.3% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
lag 2 min Bitfinex ETH/BTC	Sell	M	0.021593	1.0031 BTC
			Profit	0.3%

0.3% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Not liquid Cex ETH/BTC	Sell		0.021601	1.003 BTC
			Profit	0.3%

0.2% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		12236000	12204000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.548 ETH
Poloniex ETH/BTC	Sell	M	0.02156	1.002 BTC
			Profit	0.2%

0.2% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		12178000	12166000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.403 ETH
Kucoin ETH/BTC	Sell	M	0.02161	1.0018 BTC
			Profit	0.2%

0.2% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		12178000	12166000 JPY
lag 2 min Bitfinex ETH/JPY	Buy	M	261660	46.403 ETH
Binance ETH/BTC	Sell	M	0.02161	1.0018 BTC
			Profit	0.2%