Huobi:BTC/USDT-Bitfinex:USDT/JPY-Binance:JPY/BTC

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	109380	109160 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16236000 JPY
Binance BTC/JPY	Buy		16288000	0.99581 BTC
			Profit	-0.4%

-4.2% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		16288000	16272000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0064632	104960 USDT
Huobi BTC/USDT	Buy	M	109380	0.95764 BTC
			Profit	-4.2%

Similar routes

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		109450	109340 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16263000 JPY
Binance BTC/JPY	Buy		16288000	0.99745 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	109400	109290 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16255000 JPY
Binance BTC/JPY	Buy		16288000	0.99696 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	109390	109290 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16254000 JPY
Binance BTC/JPY	Buy		16288000	0.99691 BTC
			Profit	-0.3%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		109390	109220 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16245000 JPY
Binance BTC/JPY	Buy		16288000	0.99633 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		109450	109340 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16263000 JPY
Not liquid Kraken BTC/JPY	Buy		16287000	0.99596 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		109400	109180 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16239000 JPY
Binance BTC/JPY	Buy		16288000	0.99596 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
lag 1 min Bitfinex BTC/USDT	Sell	M	109380	109160 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16236000 JPY
Binance BTC/JPY	Buy		16288000	0.99578 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	109310	109140 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16232000 JPY
Binance BTC/JPY	Buy		16288000	0.99556 BTC
			Profit	-0.4%

-0.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	109400	109290 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16255000 JPY
Not liquid Kraken BTC/JPY	Buy		16287000	0.99547 BTC
			Profit	-0.5%

-0.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		109410	109120 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16230000 JPY
Binance BTC/JPY	Buy		16288000	0.99543 BTC
			Profit	-0.5%

-0.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	109390	109290 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16254000 JPY
Not liquid Kraken BTC/JPY	Buy		16287000	0.99543 BTC
			Profit	-0.5%

-0.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Cex BTC/USDT	Sell		109370	109090 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16226000 JPY
Binance BTC/JPY	Buy		16288000	0.99516 BTC
			Profit	-0.5%