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

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kraken BTC/USDT	Sell		64390	64223 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10863000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0552 BTC
			Profit	5.5%

-20.6% BTC-JPY-USDT-BTC

		M	Price	1 BTC
Not liquid Binance BTC/JPY	Sell		10284000	10273000 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	51263 USDT
Kraken BTC/USDT	Buy		64402	0.79392 BTC
			Profit	-20.6%

Similar routes

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Binance BTC/USDT	Sell	M	64347	64282 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10874000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0562 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Kucoin BTC/USDT	Sell	M	64337	64273 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10872000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0561 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Coinbase BTC/USDT	Sell		64337	64273 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10872000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.056 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Gate BTC/USDT	Sell		64378	64250 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10868000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0557 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Okx BTC/USDT	Sell		64341	64244 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10867000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0556 BTC
			Profit	5.6%

+5.6% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Poloniex BTC/USDT	Sell	M	64344	64244 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10867000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0556 BTC
			Profit	5.6%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
lag 2 min Bitfinex BTC/USDT	Sell	M	64338	64209 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10861000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.055 BTC
			Profit	5.5%

+5.5% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Huobi BTC/USDT	Sell	M	64308	64180 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10856000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0545 BTC
			Profit	5.5%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Latoken BTC/USDT	Sell		64332	64016 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10829000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0518 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Exmo BTC/USDT	Sell		64269	64011 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10828000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0518 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Bitstamp BTC/USDT	Sell		64333	64011 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10828000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0517 BTC
			Profit	5.2%

+5.2% BTC-USDT-JPY-BTC

		M	Price	1 BTC
Cex BTC/USDT	Sell		64157	63997 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0059	10825000 JPY
Not liquid Binance BTC/JPY	Buy		10285000	1.0515 BTC
			Profit	5.2%