Exmo:ARB/USDC-Binance:USDC/FDUSD-Binance:FDUSD/ARB

-1.1% ARB-USDC-FDUSD-ARB

		M	Price	1 ARB
Exmo ARB/USDC	Sell		0.19728	0.19649 USDC
Binance FDUSD/USDC	Buy	M	0.999	0.19649 FDUSD
Binance ARB/FDUSD	Buy	M	0.1985	0.98887 ARB
			Profit	-1.1%

-0.9% ARB-FDUSD-USDC-ARB

		M	Price	1 ARB
Binance ARB/FDUSD	Sell	M	0.1984	0.1982 FDUSD
Binance FDUSD/USDC	Sell	M	0.9989	0.19779 USDC
Exmo ARB/USDC	Buy		0.19881	0.99085 ARB
			Profit	-0.9%

Similar routes

-0.4% ARB-USDC-FDUSD-ARB

		M	Price	1 ARB
Binance ARB/USDC	Sell	M	0.1981	0.1979 USDC
Binance FDUSD/USDC	Buy	M	0.999	0.1979 FDUSD
Binance ARB/FDUSD	Buy	M	0.1985	0.99599 ARB
			Profit	-0.4%

-0.6% ARB-USDC-FDUSD-ARB

		M	Price	1 ARB
Gate ARB/USDC	Sell		0.198	0.1976 USDC
Binance FDUSD/USDC	Buy	M	0.999	0.1976 FDUSD
Binance ARB/FDUSD	Buy	M	0.1985	0.99449 ARB
			Profit	-0.6%