Huobi:BTC/ETH-Bitfinex:ETH/JPY-Kraken:JPY/BTC

-41.5% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Huobi ETH/BTC	Buy		0.034697	28.763 ETH
Not liquid Bitfinex ETH/JPY	Sell	M	307000	8812700 JPY
Not liquid Kraken BTC/JPY	Buy		15021000	0.58515 BTC
			Profit	-41.5%

+23.0% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		14996000	14957000 JPY
Not liquid Bitfinex ETH/JPY	Buy	M	420000	35.54 ETH
Huobi ETH/BTC	Sell		0.034688	1.2303 BTC
			Profit	23.0%

Similar routes

+21.0% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Binance ETH/BTC	Buy	M	0.03469	28.798 ETH
Binance ETH/JPY	Sell		520600	14977000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2097 BTC
			Profit	21.0%

+21.0% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Coinbase ETH/BTC	Buy		0.03469	28.798 ETH
Binance ETH/JPY	Sell		520600	14977000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2097 BTC
			Profit	21.0%

+21.0% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kucoin ETH/BTC	Buy	M	0.03469	28.798 ETH
Binance ETH/JPY	Sell		520600	14977000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2097 BTC
			Profit	21.0%

+20.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Okx ETH/BTC	Buy		0.03468	28.792 ETH
Binance ETH/JPY	Sell		520600	14974000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2095 BTC
			Profit	20.9%

+20.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Poloniex ETH/BTC	Buy	M	0.0347	28.774 ETH
Binance ETH/JPY	Sell		520600	14965000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2087 BTC
			Profit	20.9%

+20.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Gate ETH/BTC	Buy		0.034688	28.771 ETH
Binance ETH/JPY	Sell		520600	14963000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2086 BTC
			Profit	20.9%

+20.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Huobi ETH/BTC	Buy		0.034697	28.763 ETH
Binance ETH/JPY	Sell		520600	14959000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2083 BTC
			Profit	20.8%

+20.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
lag 1 min Bitfinex ETH/BTC	Buy	M	0.034705	28.757 ETH
Binance ETH/JPY	Sell		520600	14956000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.208 BTC
			Profit	20.8%

+20.7% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kraken ETH/BTC	Buy		0.0347	28.744 ETH
Binance ETH/JPY	Sell		520600	14949000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.2074 BTC
			Profit	20.7%

+20.6% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Binance ETH/BTC	Buy	M	0.03469	28.798 ETH
Not liquid Kraken ETH/JPY	Sell		519820	14931000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.206 BTC
			Profit	20.6%

+20.6% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Coinbase ETH/BTC	Buy		0.03469	28.798 ETH
Not liquid Kraken ETH/JPY	Sell		519820	14931000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.206 BTC
			Profit	20.6%

+20.6% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kucoin ETH/BTC	Buy	M	0.03469	28.798 ETH
Not liquid Kraken ETH/JPY	Sell		519820	14931000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	12356000	1.206 BTC
			Profit	20.6%