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

+5.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Exmo USDT/USD	Buy		1.0019	0.0061466 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0576 JPY
			Profit	5.8%

-21.3% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.005	0.00499 USDT
Exmo USDT/USD	Sell		1.0018	0.004979 USD
Not liquid Kraken USD/JPY	Sell		158.39	0.78658 JPY
			Profit	-21.3%

Similar routes

+6.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Coinbase USDT/USD	Buy		1.0003	0.0061751 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		161.31	0.0061832 USD
Binance USDT/USD	Buy		1.0004	0.0061745 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0624 JPY
			Profit	6.2%

+6.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Okx USDT/USD	Buy		1.0004	0.0061715 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0619 JPY
			Profit	6.2%

+6.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
lag 1 min Bitfinex USDT/USD	Buy	M	1.0001	0.0061702 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0617 JPY
			Profit	6.2%

+6.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Kraken USDT/USD	Buy		1.0001	0.0061666 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0611 JPY
			Profit	6.1%

+5.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Bitstamp USDT/USD	Buy		1.0002	0.0061509 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0058	1.0584 JPY
			Profit	5.8%

-1.7% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Coinbase USDT/USD	Buy		1.0003	0.0061751 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.9826 JPY
			Profit	-1.7%

-1.7% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Binance USDT/USD	Buy		1.0004	0.0061745 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98251 JPY
			Profit	-1.7%

-1.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Okx USDT/USD	Buy		1.0004	0.0061715 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98202 JPY
			Profit	-1.8%

-1.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
lag 1 min Bitfinex USDT/USD	Buy	M	1.0001	0.0061702 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98182 JPY
			Profit	-1.8%

-1.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Kraken USDT/USD	Buy		1.0001	0.0061666 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.98124 JPY
			Profit	-1.9%

-2.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		161.31	0.0061832 USD
Bitstamp USDT/USD	Buy		1.0002	0.0061509 USDT
Not liquid Kraken USDT/JPY	Sell		159.54	0.97875 JPY
			Profit	-2.1%