Coinbase:BTC/USDT-Bitfinex:USDT/JPY-Bitfinex:JPY/BTC

-4.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		118580	118460 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00705	16769000 JPY
Bitfinex BTC/JPY	Buy	M	17546000	0.95382 BTC
			Profit	-4.6%

-6.2% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Bitfinex BTC/JPY	Sell	M	17201000	17167000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0065	111360 USDT
Coinbase BTC/USDT	Buy		118580	0.93818 BTC
			Profit	-6.2%

Similar routes

-0.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	118580	118460 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17344000 JPY
Binance BTC/JPY	Buy		17423000	0.9945 BTC
			Profit	-0.5%

-0.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		118580	118460 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17344000 JPY
Binance BTC/JPY	Buy		17423000	0.99449 BTC
			Profit	-0.6%

-0.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	118570	118450 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17342000 JPY
Binance BTC/JPY	Buy		17423000	0.99439 BTC
			Profit	-0.6%

-0.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Bitfinex BTC/USDT	Sell	M	118680	118440 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17341000 JPY
Binance BTC/JPY	Buy		17423000	0.99434 BTC
			Profit	-0.6%

-0.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		118590	118420 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17337000 JPY
Binance BTC/JPY	Buy		17423000	0.99411 BTC
			Profit	-0.6%

-0.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		118590	118360 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17329000 JPY
Binance BTC/JPY	Buy		17423000	0.99361 BTC
			Profit	-0.6%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	118560	118320 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17324000 JPY
Binance BTC/JPY	Buy		17423000	0.99332 BTC
			Profit	-0.7%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	118580	118460 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17344000 JPY
Kraken BTC/JPY	Buy		17418000	0.99318 BTC
			Profit	-0.7%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		118580	118460 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17344000 JPY
Kraken BTC/JPY	Buy		17418000	0.99317 BTC
			Profit	-0.7%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	118470	118290 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17319000 JPY
Binance BTC/JPY	Buy		17423000	0.99307 BTC
			Profit	-0.7%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	118570	118450 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17342000 JPY
Kraken BTC/JPY	Buy		17418000	0.99306 BTC
			Profit	-0.7%

-0.7% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Cex BTC/USDT	Sell		118590	118290 USDT
Not liquid Kraken USDT/JPY	Sell		146.79	17319000 JPY
Binance BTC/JPY	Buy		17423000	0.99306 BTC
			Profit	-0.7%