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

-12.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0055	54844 USDT
lag 1 min Bitfinex BTC/USDT	Buy	M	62549	0.87506 BTC
			Profit	-12.5%

+3.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
lag 1 min Bitfinex BTC/USDT	Sell	M	62536	62411 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00599	10398000 JPY
Not liquid Kraken BTC/JPY	Buy		10046000	1.0323 BTC
			Profit	3.2%

Similar routes

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Kucoin BTC/USDT	Buy	M	62496	0.99536 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Binance BTC/USDT	Buy	M	62500	0.9953 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Coinbase BTC/USDT	Buy		62506	0.9952 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Okx BTC/USDT	Buy		62484	0.99504 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Poloniex BTC/USDT	Buy	M	62509	0.9946 BTC
			Profit	-0.5%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62212 USDT
Kucoin BTC/USDT	Buy	M	62496	0.99446 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Gate BTC/USDT	Buy		62493	0.99441 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62212 USDT
Binance BTC/USDT	Buy	M	62500	0.9944 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62212 USDT
Coinbase BTC/USDT	Buy		62506	0.9943 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		10011000	10001000 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62268 USDT
Huobi BTC/USDT	Buy	M	62500	0.9943 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62212 USDT
Okx BTC/USDT	Buy		62484	0.99415 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		10018000	9991600 JPY
Not liquid Kraken USDT/JPY	Buy		160.19	62212 USDT
Poloniex BTC/USDT	Buy	M	62509	0.99371 BTC
			Profit	-0.6%