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

-1.7% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Coinbase USDT/USD	Buy		1.0003	0.0061755 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98266 JPY
			Profit	-1.7%

-1.6% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		160.07	0.0062311 USDT
Coinbase USDT/USD	Sell		1.0003	0.0062267 USD
Not liquid Kraken USD/JPY	Sell		158.39	0.9837 JPY
			Profit	-1.6%

Similar routes

+6.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Coinbase USDT/USD	Buy		1.0003	0.0061755 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0626 JPY
			Profit	6.3%

+6.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Binance USDT/USD	Buy		1.0004	0.0061749 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0625 JPY
			Profit	6.3%

+6.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Okx USDT/USD	Buy		1.0004	0.0061718 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.062 JPY
			Profit	6.2%

+6.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Bitfinex USDT/USD	Buy	M	1.0001	0.0061706 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0618 JPY
			Profit	6.2%

+6.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Kraken USDT/USD	Buy		1.0001	0.006167 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0612 JPY
			Profit	6.1%

+5.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Bitstamp USDT/USD	Buy		1.0002	0.0061514 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0585 JPY
			Profit	5.8%

+5.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Exmo USDT/USD	Buy		1.0019	0.0061469 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0577 JPY
			Profit	5.8%

-1.7% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Binance USDT/USD	Buy		1.0004	0.0061749 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98257 JPY
			Profit	-1.7%

-1.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Okx USDT/USD	Buy		1.0004	0.0061718 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98208 JPY
			Profit	-1.8%

-1.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Bitfinex USDT/USD	Buy	M	1.0001	0.0061706 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98189 JPY
			Profit	-1.8%

-1.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Kraken USDT/USD	Buy		1.0001	0.006167 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98132 JPY
			Profit	-1.9%

-2.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.3	0.0061836 USD
Bitstamp USDT/USD	Buy		1.0002	0.0061514 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.97884 JPY
			Profit	-2.1%