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

-28.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		9856300	9830700 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0045001	44151 USDT
Gate BTC/USDT	Buy		61613	0.71514 BTC
			Profit	-28.5%

+12.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		61613	61490 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0055	11158000 JPY
Not liquid Kraken BTC/JPY	Buy		9893100	1.1249 BTC
			Profit	12.5%

Similar routes

-0.4% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Coinbase BTC/USDT	Buy		61572	0.99626 BTC
			Profit	-0.4%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Binance BTC/USDT	Buy	M	61619	0.9955 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Kucoin BTC/USDT	Buy	M	61621	0.99547 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Okx BTC/USDT	Buy		61616	0.99506 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
lag 1 min Bitfinex BTC/USDT	Buy	M	61589	0.99499 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Huobi BTC/USDT	Buy	M	61610	0.99466 BTC
			Profit	-0.5%

-0.5% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Gate BTC/USDT	Buy		61613	0.9946 BTC
			Profit	-0.5%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Poloniex BTC/USDT	Buy	M	61654	0.99439 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Kraken BTC/USDT	Buy		61599	0.99423 BTC
			Profit	-0.6%

-0.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Latoken BTC/USDT	Buy		61463	0.99414 BTC
			Profit	-0.6%

-0.8% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		9884900	9875000 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61404 USDT
Cex BTC/USDT	Buy		61719	0.9924 BTC
			Profit	-0.8%

-0.8% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Kraken BTC/JPY	Sell		9856300	9830700 JPY
Not liquid Kraken USDT/JPY	Buy		160.4	61128 USDT
Coinbase BTC/USDT	Buy		61572	0.99179 BTC
			Profit	-0.8%