Exmo:BTC/USDT-Bitfinex:USDT/JPY-Kraken:JPY/BTC

+4.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Exmo BTC/USDT	Sell		69908	69629 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11582000 JPY
Not liquid Kraken BTC/JPY	Buy		11053000	1.0451 BTC
			Profit	4.5%

-21.9% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		11011000	10983000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	54804 USDT
Exmo BTC/USDT	Buy		69915	0.78074 BTC
			Profit	-21.9%

Similar routes

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	70079	70009 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11645000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0521 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	70061	69991 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11642000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0519 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		70059	69988 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11641000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0518 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		70075	69970 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11638000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0516 BTC
			Profit	5.2%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		70068	69927 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11631000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0509 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	70079	70009 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11645000 JPY
Not liquid Kraken BTC/JPY	Buy		11053000	1.0508 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	70056	69915 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11629000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0507 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	70017	69908 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11628000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0506 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	70061	69991 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11642000 JPY
Not liquid Kraken BTC/JPY	Buy		11053000	1.0505 BTC
			Profit	5.1%

+5.1% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		70059	69988 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11641000 JPY
Not liquid Kraken BTC/JPY	Buy		11053000	1.0505 BTC
			Profit	5.1%

+5.0% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		70075	69970 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11638000 JPY
Not liquid Kraken BTC/JPY	Buy		11053000	1.0502 BTC
			Profit	5.0%

+5.0% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		70056	69874 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.006	11622000 JPY
Not liquid Binance BTC/JPY	Buy		11057000	1.0501 BTC
			Profit	5.0%