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

+6.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Coinbase USDT/USD	Buy		1.0003	0.0061831 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0639 JPY
			Profit	6.4%

-20.8% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	0.00499 USDT
Coinbase USDT/USD	Sell		1.0003	0.0049865 USD
Not liquid Kraken USD/JPY	Sell		159.17	0.79162 JPY
			Profit	-20.8%

Similar routes

+6.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Binance USDT/USD	Buy		1.0004	0.0061825 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0638 JPY
			Profit	6.4%

+6.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Okx USDT/USD	Buy		1.0005	0.0061788 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0632 JPY
			Profit	6.3%

+6.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Bitfinex USDT/USD	Buy	M	1.0001	0.0061782 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0631 JPY
			Profit	6.3%

+6.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Kraken USDT/USD	Buy		1.0001	0.0061746 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0625 JPY
			Profit	6.2%

+6.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Bitstamp USDT/USD	Buy		1.0003	0.0061585 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0597 JPY
			Profit	6.0%

+5.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Exmo USDT/USD	Buy		1.0019	0.0061545 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.059 JPY
			Profit	5.9%

-1.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Coinbase USDT/USD	Buy		1.0003	0.0061831 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98587 JPY
			Profit	-1.4%

-1.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Binance USDT/USD	Buy		1.0004	0.0061825 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98578 JPY
			Profit	-1.4%

-1.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Okx USDT/USD	Buy		1.0005	0.0061788 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98519 JPY
			Profit	-1.5%

-1.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Bitfinex USDT/USD	Buy	M	1.0001	0.0061782 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98509 JPY
			Profit	-1.5%

-1.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Kraken USDT/USD	Buy		1.0001	0.0061746 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98452 JPY
			Profit	-1.5%

-1.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.1	0.0061912 USD
Bitstamp USDT/USD	Buy		1.0003	0.0061585 USDT
Not liquid Kraken USDT/JPY	Sell		159.86	0.98195 JPY
			Profit	-1.8%