Kraken:JPY/USD-Bitfinex:USD/USDT-Bitfinex:USDT/JPY

-9.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Bitfinex USDT/USD	Buy	M	1.0017	0.0062705 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.90883 JPY
			Profit	-9.1%

0.3% JPY-USDT-USD-JPY

		M	Price	1 JPY
Bitfinex JPY/USDT	Sell		0.0063753	0.0063625 USDT
Bitfinex USDT/USD	Sell	M	1.0016	0.00636 USD
Not liquid Kraken USD/JPY	Sell		158.07	1.0027 JPY
			Profit	0.3%

Similar routes

-0.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Coinbase USDT/USD	Buy		0.99824	0.0062985 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.99144 JPY
			Profit	-0.9%

-1.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Not liquid Okx USDT/USD	Buy		0.9989	0.0062912 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.99029 JPY
			Profit	-1.0%

-1.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Kraken USDT/USD	Buy		0.99826	0.0062883 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.98984 JPY
			Profit	-1.0%

-1.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Not liquid Cex USDT/USD	Buy		1.0005	0.0062749 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.98772 JPY
			Profit	-1.2%

-1.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Bitstamp USDT/USD	Buy		0.99827	0.0062731 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.98744 JPY
			Profit	-1.3%

-1.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Bitfinex USDT/USD	Buy	M	1.0017	0.0062705 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.98703 JPY
			Profit	-1.3%

-2.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Not liquid Exmo USDT/USD	Buy		1.0109	0.006201 USDT
Not liquid Kraken USDT/JPY	Sell		157.82	0.97609 JPY
			Profit	-2.4%

-8.7% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Coinbase USDT/USD	Buy		0.99824	0.0062985 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.9129 JPY
			Profit	-8.7%

-8.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Not liquid Okx USDT/USD	Buy		0.9989	0.0062912 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.91184 JPY
			Profit	-8.8%

-8.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Kraken USDT/USD	Buy		0.99826	0.0062883 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.91142 JPY
			Profit	-8.9%

-9.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Not liquid Cex USDT/USD	Buy		1.0005	0.0062749 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.90947 JPY
			Profit	-9.1%

-9.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		158.48	0.0062937 USD
Bitstamp USDT/USD	Buy		0.99827	0.0062731 USDT
Bitfinex JPY/USDT	Buy		0.0068857	0.90921 JPY
			Profit	-9.1%