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

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		110160	109880 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16342000 JPY
Binance BTC/JPY	Buy		16392000	0.99599 BTC
			Profit	-0.4%

-4.4% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Binance BTC/JPY	Sell		16392000	16375000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0064584	105550 USDT
Kraken BTC/USDT	Buy		110170	0.95558 BTC
			Profit	-4.4%

Similar routes

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	110150	110040 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16367000 JPY
Binance BTC/JPY	Buy		16392000	0.99746 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	110140	110030 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16365000 JPY
Binance BTC/JPY	Buy		16392000	0.99736 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		110130	110020 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16364000 JPY
Binance BTC/JPY	Buy		16392000	0.99732 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		110140	109980 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16357000 JPY
Binance BTC/JPY	Buy		16392000	0.99691 BTC
			Profit	-0.3%

-0.3% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	110150	110040 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16367000 JPY
Not liquid Kraken BTC/JPY	Buy		16381000	0.99652 BTC
			Profit	-0.3%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	110140	110030 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16365000 JPY
Not liquid Kraken BTC/JPY	Buy		16381000	0.99642 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		110140	109920 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16349000 JPY
Binance BTC/JPY	Buy		16392000	0.9964 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		110130	110020 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16364000 JPY
Not liquid Kraken BTC/JPY	Buy		16381000	0.99638 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	110120	109900 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16346000 JPY
Binance BTC/JPY	Buy		16392000	0.99622 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	110070	109900 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16346000 JPY
Binance BTC/JPY	Buy		16392000	0.99621 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Bitfinex BTC/USDT	Sell	M	110120	109900 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16346000 JPY
Binance BTC/JPY	Buy		16392000	0.99619 BTC
			Profit	-0.4%

-0.4% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		110140	109980 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.00671	16357000 JPY
Not liquid Kraken BTC/JPY	Buy		16381000	0.99597 BTC
			Profit	-0.4%