Binance:BTC/USDT-Bitfinex:USDT/JPY-Kraken:JPY/BTC

+4.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	63872	63808 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10793000 JPY
Not liquid Kraken BTC/JPY	Buy		10282000	1.047 BTC
			Profit	4.7%

-20.8% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10168000	10141000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	50606 USDT
Binance BTC/USDT	Buy	M	63872	0.7915 BTC
			Profit	-20.8%

Similar routes

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	63876	63812 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10794000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0551 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	63872	63808 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10793000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.055 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		63852	63789 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10790000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0547 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	63887	63788 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10790000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0547 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		63878	63782 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10789000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0546 BTC
			Profit	5.5%

+5.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		63898	63770 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10787000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0544 BTC
			Profit	5.4%

+5.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
lag 2 min Bitfinex BTC/USDT	Sell	M	63844	63716 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10778000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0535 BTC
			Profit	5.4%

+5.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		63854	63688 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10773000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.053 BTC
			Profit	5.3%

+5.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	63815	63688 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10773000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.053 BTC
			Profit	5.3%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Latoken BTC/USDT	Sell		63876	63563 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10752000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.051 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Bitstamp BTC/USDT	Sell		63869	63550 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10750000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0508 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Cex BTC/USDT	Sell		63696	63537 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10747000 JPY
Not liquid Binance BTC/JPY	Buy		10220000	1.0505 BTC
			Profit	5.1%