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

-8.0% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kraken ETH/BTC	Buy		0.01949	51.175 ETH
Not liquid Bitfinex ETH/JPY	Sell	M	220290	11251000 JPY
Binance BTC/JPY	Buy		12213000	0.92031 BTC
			Profit	-8.0%

-0.6% BTC-JPY-ETH-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		12210000	12198000 JPY
Not liquid Bitfinex ETH/JPY	Buy	M	237970	51.156 ETH
Kraken ETH/BTC	Sell		0.01948	0.99392 BTC
			Profit	-0.6%

Similar routes

+4.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kucoin ETH/BTC	Buy	M	0.01948	51.283 ETH
Binance ETH/JPY	Sell		237860	12186000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.049 BTC
			Profit	4.9%

+4.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Kucoin ETH/BTC	Buy	M	0.01948	51.283 ETH
Not liquid Kraken ETH/JPY	Sell		238160	12182000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0487 BTC
			Profit	4.9%

+4.9% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Binance ETH/BTC	Buy	M	0.01949	51.257 ETH
Binance ETH/JPY	Sell		237860	12180000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0485 BTC
			Profit	4.9%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Binance ETH/BTC	Buy	M	0.01949	51.257 ETH
Not liquid Kraken ETH/JPY	Sell		238160	12175000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0481 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Gate ETH/BTC	Buy		0.01948	51.232 ETH
Binance ETH/JPY	Sell		237860	12174000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.048 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Okx ETH/BTC	Buy		0.01949	51.231 ETH
Binance ETH/JPY	Sell		237860	12174000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.048 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Coinbase ETH/BTC	Buy		0.0195	51.231 ETH
Binance ETH/JPY	Sell		237860	12173000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.048 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Huobi ETH/BTC	Buy		0.019486	51.216 ETH
Binance ETH/JPY	Sell		237860	12170000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0477 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Gate ETH/BTC	Buy		0.01948	51.232 ETH
Not liquid Kraken ETH/JPY	Sell		238160	12169000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0476 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
lag 1 min Bitfinex ETH/BTC	Buy	M	0.019487	51.214 ETH
Binance ETH/JPY	Sell		237860	12169000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0476 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Okx ETH/BTC	Buy		0.01949	51.231 ETH
Not liquid Kraken ETH/JPY	Sell		238160	12169000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0476 BTC
			Profit	4.8%

+4.8% BTC-ETH-JPY-BTC

		M	Price	1 BTC
Coinbase ETH/BTC	Buy		0.0195	51.231 ETH
Not liquid Kraken ETH/JPY	Sell		238160	12169000 JPY
Not liquid Bitfinex BTC/JPY	Buy	M	11593000	1.0476 BTC
			Profit	4.8%