Kraken:ETH/JPY-Bitfinex:JPY/USDT-Bitfinex:USDT/ETH

-20.6% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Not liquid Kraken ETH/JPY	Sell		467010	465800 JPY
lag 1 min Bitfinex JPY/USDT	Sell		0.005121	2380.6 USDT
lag 1 min Bitfinex ETH/USDT	Buy	M	2991.6	0.79416 ETH
			Profit	-20.6%

+17.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
lag 1 min Bitfinex ETH/USDT	Sell	M	2991.5	2985.5 USDT
lag 1 min Bitfinex JPY/USDT	Buy		0.005399	551870 JPY
Not liquid Kraken ETH/JPY	Buy		467870	1.1765 ETH
			Profit	17.6%

Similar routes

-0.4% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Kucoin ETH/USDT	Buy	M	2991.7	0.99562 ETH
			Profit	-0.4%

-0.4% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Binance ETH/USDT	Buy	M	2991.8	0.9956 ETH
			Profit	-0.4%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
lag 1 min Coinbase ETH/USDT	Buy		2992.6	0.99534 ETH
			Profit	-0.5%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Okx ETH/USDT	Buy		2991.8	0.9951 ETH
			Profit	-0.5%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Poloniex ETH/USDT	Buy	M	2991.7	0.99508 ETH
			Profit	-0.5%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
lag 1 min Bitfinex ETH/USDT	Buy	M	2991.6	0.99466 ETH
			Profit	-0.5%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Gate ETH/USDT	Buy		2991.6	0.99465 ETH
			Profit	-0.5%

-0.5% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Huobi ETH/USDT	Buy	M	2991.9	0.99455 ETH
			Profit	-0.5%

-0.6% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Kraken ETH/USDT	Buy		2991.8	0.99398 ETH
			Profit	-0.6%

-0.7% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Not liquid Cex ETH/USDT	Buy		2994.2	0.99329 ETH
			Profit	-0.7%

-0.8% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Exmo ETH/USDT	Buy		2992.1	0.99248 ETH
			Profit	-0.8%

-0.8% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		468430	467960 JPY
Not liquid Kraken USDT/JPY	Buy		156.54	2981.6 USDT
Latoken ETH/USDT	Buy		2991.8	0.9917 ETH
			Profit	-0.8%