Kraken:EUR/USDC-Binance:USDC/RAY-Bitstamp:RAY/EUR

-1.2% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Kraken USDC/EUR	Buy		0.8605	1.1591 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99839 RAY
Not liquid Bitstamp RAY/EUR	Sell		0.99418	0.98762 EUR
			Profit	-1.2%

Similar routes

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Binance EUR/USDC	Sell		1.1622	1.161 USDC
Binance RAY/USDC	Buy	M	1.1598	1.0001 RAY
Kraken RAY/EUR	Sell		0.997	0.99447 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Coinbase USDC/EUR	Buy		0.8605	1.161 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99999 RAY
Kraken RAY/EUR	Sell		0.997	0.9944 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Kucoin USDC/EUR	Buy		0.8608	1.1605 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99964 RAY
Kraken RAY/EUR	Sell		0.997	0.99405 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Okx USDC/EUR	Buy		0.8605	1.1604 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99949 RAY
Kraken RAY/EUR	Sell		0.997	0.9939 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Binance EUR/USDC	Sell		1.1622	1.161 USDC
Okx RAY/USDC	Buy		1.16	0.99939 RAY
Kraken RAY/EUR	Sell		0.997	0.9938 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Binance EUR/USDC	Sell		1.1622	1.161 USDC
Binance RAY/USDC	Buy	M	1.1598	1.0001 RAY
Okx RAY/EUR	Sell		0.9952	0.99377 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Coinbase USDC/EUR	Buy		0.8605	1.161 USDC
Okx RAY/USDC	Buy		1.16	0.99932 RAY
Kraken RAY/EUR	Sell		0.997	0.99373 EUR
			Profit	-0.6%

-0.6% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Coinbase USDC/EUR	Buy		0.8605	1.161 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99999 RAY
Okx RAY/EUR	Sell		0.9952	0.9937 EUR
			Profit	-0.6%

-0.7% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Kucoin USDC/EUR	Buy		0.8608	1.1605 USDC
Okx RAY/USDC	Buy		1.16	0.99897 RAY
Kraken RAY/EUR	Sell		0.997	0.99339 EUR
			Profit	-0.7%

-0.7% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Kucoin USDC/EUR	Buy		0.8608	1.1605 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99964 RAY
Okx RAY/EUR	Sell		0.9952	0.99335 EUR
			Profit	-0.7%

-0.7% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Okx USDC/EUR	Buy		0.8605	1.1604 USDC
Okx RAY/USDC	Buy		1.16	0.99882 RAY
Kraken RAY/EUR	Sell		0.997	0.99323 EUR
			Profit	-0.7%

-0.7% EUR-USDC-RAY-EUR

		M	Price	1 EUR
Okx USDC/EUR	Buy		0.8605	1.1604 USDC
Binance RAY/USDC	Buy	M	1.1598	0.99949 RAY
Okx RAY/EUR	Sell		0.9952	0.9932 EUR
			Profit	-0.7%