Bitfinex:USD/USDQ-Kraken:USDQ/USDC-Bitstamp:USDC/USD

-4.0% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
lag 1 min Bitstamp USDC/USD	Sell		0.99984	0.96024 USD
			Profit	-4.0%

-1.3% USD-USDC-USDQ-USD

		M	Price	1 USD
lag 1 min Bitstamp USDC/USD	Buy		0.99999	0.99501 USDC
Not liquid Kraken USDQ/USDC	Buy		1.0011	0.99133 USDQ
Not liquid Bitfinex USDQ/USD	Sell		0.998	0.98737 USD
			Profit	-1.3%

Similar routes

-3.4% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
lag 1 min Exmo USDC/USD	Sell		1.005	0.96617 USD
			Profit	-3.4%

-3.5% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
lag 1 min Binance USDC/USD	Sell		1.0003	0.96455 USD
			Profit	-3.5%

-3.5% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
lag 1 min Exmo USDC/USD	Sell		1.005	0.96452 USD
			Profit	-3.5%

-3.7% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
lag 1 min Bitfinex USDC/USD	Sell		0.99975	0.96305 USD
			Profit	-3.7%

-3.7% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
lag 1 min Binance USDC/USD	Sell		1.0003	0.9629 USD
			Profit	-3.7%

-3.7% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
Kraken USDC/USD	Sell		0.9998	0.96252 USD
			Profit	-3.7%

-3.9% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
lag 1 min Bitfinex USDC/USD	Sell		0.99975	0.96141 USD
			Profit	-3.9%

-3.9% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
Kraken USDC/USD	Sell		0.9998	0.96088 USD
			Profit	-3.9%

-4.1% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
lag 1 min Bitstamp USDC/USD	Sell		0.99984	0.9586 USD
			Profit	-4.1%

-100.0% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Bitfinex USDQ/USD	Buy		0.99899	0.99901 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96522 USDC
Not liquid Cex USDC/USD	Sell		0	0 USD
			Profit	-100.0%

-100.0% USD-USDQ-USDC-USD

		M	Price	1 USD
Not liquid Kraken USDQ/USD	Buy		1.0001	0.9973 USDQ
Not liquid Kraken USDQ/USDC	Sell		0.9687	0.96357 USDC
Not liquid Cex USDC/USD	Sell		0	0 USD
			Profit	-100.0%