Binance:FDUSD/USDC-Kraken:USDC/PENGU-Binance:PENGU/FDUSD

-2.5% FDUSD-USDC-PENGU-FDUSD

		M	Price	1 FDUSD
Binance FDUSD/USDC	Sell	M	0.9989	0.9979 USDC
Not liquid Kraken PENGU/USDC	Buy		0.00507	196.31 PENGU
Binance PENGU/FDUSD	Sell	M	0.004973	0.97529 FDUSD
			Profit	-2.5%

-0.9% FDUSD-PENGU-USDC-FDUSD

		M	Price	1 FDUSD
Binance PENGU/FDUSD	Buy	M	0.004979	200.64 PENGU
Not liquid Kraken PENGU/USDC	Sell		0.00495	0.9906 USDC
Binance FDUSD/USDC	Buy	M	0.999	0.9906 FDUSD
			Profit	-0.9%

Similar routes

-0.4% FDUSD-USDC-PENGU-FDUSD

		M	Price	1 FDUSD
Binance FDUSD/USDC	Sell	M	0.9989	0.9979 USDC
Binance PENGU/USDC	Buy	M	0.004973	200.46 PENGU
Binance PENGU/FDUSD	Sell	M	0.004973	0.99591 FDUSD
			Profit	-0.4%

-0.9% FDUSD-USDC-PENGU-FDUSD

		M	Price	1 FDUSD
Binance FDUSD/USDC	Sell	M	0.9989	0.9979 USDC
Not liquid Exmo PENGU/USDC	Buy		0.0049826	199.48 PENGU
Binance PENGU/FDUSD	Sell	M	0.004973	0.991 FDUSD
			Profit	-0.9%