Kraken:ETH/USDT-Kraken:USDT/JPY-Binance:JPY/ETH

-1.1% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kraken ETH/USDT	Sell		2644.4	2637.5 USDT
Not liquid Kraken USDT/JPY	Sell		154.33	406000 JPY
Binance ETH/JPY	Buy		409920	0.98945 ETH
			Profit	-1.1%

-0.4% ETH-JPY-USDT-ETH

		M	Price	1 ETH
Binance ETH/JPY	Sell		409920	409510 JPY
Not liquid Kraken USDT/JPY	Buy		154.65	2641.2 USDT
Kraken ETH/USDT	Buy		2644.6	0.99609 ETH
			Profit	-0.4%

Similar routes

+3.7% ETH-USDT-JPY-ETH

		M	Price	1 ETH
lag 2 min Bitfinex ETH/USDT	Sell	M	2649.8	2644.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	425680 JPY
Binance ETH/JPY	Buy		409920	1.0374 ETH
			Profit	3.7%

+3.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Binance ETH/USDT	Sell	M	2644.8	2642.2 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	425300 JPY
Binance ETH/JPY	Buy		409920	1.0365 ETH
			Profit	3.6%

+3.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kucoin ETH/USDT	Sell	M	2644.8	2642.1 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	425300 JPY
Binance ETH/JPY	Buy		409920	1.0365 ETH
			Profit	3.6%

+3.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Gate ETH/USDT	Sell		2646.1	2640.8 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	425090 JPY
Binance ETH/JPY	Buy		409920	1.036 ETH
			Profit	3.6%

+3.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Poloniex ETH/USDT	Sell	M	2644.3	2640.2 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	424990 JPY
Binance ETH/JPY	Buy		409920	1.0357 ETH
			Profit	3.6%

+3.6% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Okx ETH/USDT	Sell		2644.1	2640.1 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	424970 JPY
Binance ETH/JPY	Buy		409920	1.0357 ETH
			Profit	3.6%

+3.5% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Huobi ETH/USDT	Sell	M	2644.9	2639.6 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	424890 JPY
Binance ETH/JPY	Buy		409920	1.0355 ETH
			Profit	3.5%

+3.5% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Coinbase ETH/USDT	Sell		2641.9	2639.3 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	424840 JPY
Binance ETH/JPY	Buy		409920	1.0353 ETH
			Profit	3.5%

+3.5% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Kraken ETH/USDT	Sell		2644.4	2637.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	424560 JPY
Binance ETH/JPY	Buy		409920	1.0347 ETH
			Profit	3.5%

+3.3% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Not liquid Cex ETH/USDT	Sell		2639.4	2632.8 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	423800 JPY
Binance ETH/JPY	Buy		409920	1.0328 ETH
			Profit	3.3%

+3.2% ETH-USDT-JPY-ETH

		M	Price	1 ETH
lag 2 min Bitfinex ETH/USDT	Sell	M	2649.8	2644.5 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	425680 JPY
Kraken ETH/JPY	Buy		411290	1.0323 ETH
			Profit	3.2%

+3.2% ETH-USDT-JPY-ETH

		M	Price	1 ETH
Exmo ETH/USDT	Sell		2641.6	2631.1 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0062	423510 JPY
Binance ETH/JPY	Buy		409920	1.0321 ETH
			Profit	3.2%