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

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Bitfinex BTC/USDT	Sell	M	63893	63765 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10786000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0546 BTC
			Profit	5.5%

-20.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		10214000	10203000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	50915 USDT
Bitfinex BTC/USDT	Buy	M	63904	0.79515 BTC
			Profit	-20.5%

Similar routes

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		63914	63850 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10800000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.056 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	63886	63822 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10796000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0556 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	63885	63821 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10795000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0555 BTC
			Profit	5.6%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		63872	63776 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10788000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0548 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	63866	63767 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10786000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0546 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		63894	63766 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10786000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0546 BTC
			Profit	5.5%

+5.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	63840	63712 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10777000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0537 BTC
			Profit	5.4%

+5.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		63862	63696 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10774000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0535 BTC
			Profit	5.3%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		63914	63850 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10800000 JPY
Not liquid Kraken BTC/JPY	Buy		10245000	1.0515 BTC
			Profit	5.2%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Exmo BTC/USDT	Sell		63823	63567 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10753000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0513 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Latoken BTC/USDT	Sell		63867	63554 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10750000 JPY
Not liquid Binance BTC/JPY	Buy		10217000	1.0511 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	63886	63822 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10796000 JPY
Not liquid Kraken BTC/JPY	Buy		10245000	1.051 BTC
			Profit	5.1%