Cex:ETH/USDT-Bitfinex:USDT/JPY-Kraken:JPY/ETH

+4.2% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Not liquid Cex ETH/USDT	Sell		2847.7	2840.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	464810 JPY
Not liquid Kraken ETH/JPY	Buy		444990	1.0418 ETH
			Profit	4.2%

-11.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Not liquid Kraken ETH/JPY	Sell		441850	440700 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0057752	2540 USDT
Not liquid Cex ETH/USDT	Buy		2861.8	0.88533 ETH
			Profit	-11.5%

Similar routes

+4.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kucoin ETH/USDT	Sell	M	2855.3	2852.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466760 JPY
Binance ETH/JPY	Buy		445200	1.0474 ETH
			Profit	4.7%

+4.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Binance ETH/USDT	Sell	M	2855.3	2852.4 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466760 JPY
Binance ETH/JPY	Buy		445200	1.0474 ETH
			Profit	4.7%

+4.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Okx ETH/USDT	Sell		2855.4	2851.1 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466550 JPY
Binance ETH/JPY	Buy		445200	1.0469 ETH
			Profit	4.7%

+4.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Coinbase ETH/USDT	Sell		2853.5	2850.7 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466470 JPY
Binance ETH/JPY	Buy		445200	1.0467 ETH
			Profit	4.7%

+4.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Poloniex ETH/USDT	Sell	M	2854.6	2850.2 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466390 JPY
Binance ETH/JPY	Buy		445200	1.0466 ETH
			Profit	4.7%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kraken ETH/USDT	Sell		2857.1	2849.7 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466320 JPY
Binance ETH/JPY	Buy		445200	1.0464 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kucoin ETH/USDT	Sell	M	2855.3	2852.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466760 JPY
Not liquid Kraken ETH/JPY	Buy		444990	1.0462 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Binance ETH/USDT	Sell	M	2855.3	2852.4 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466760 JPY
Not liquid Kraken ETH/JPY	Buy		444990	1.0462 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Gate ETH/USDT	Sell		2854.6	2848.9 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466190 JPY
Binance ETH/JPY	Buy		445200	1.0461 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Huobi ETH/USDT	Sell	M	2854.4	2848.7 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466150 JPY
Binance ETH/JPY	Buy		445200	1.046 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Okx ETH/USDT	Sell		2855.4	2851.1 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466550 JPY
Not liquid Kraken ETH/JPY	Buy		444990	1.0457 ETH
			Profit	4.6%

+4.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Coinbase ETH/USDT	Sell		2853.5	2850.7 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0060989	466470 JPY
Not liquid Kraken ETH/JPY	Buy		444990	1.0455 ETH
			Profit	4.6%