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

-5.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Kraken USDT/USD	Buy		1.0004	0.0067214 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.94478 JPY
			Profit	-5.5%

-4.5% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.0065	0.006487 USDT
Kraken USDT/USD	Sell		1.0004	0.0064727 USD
Not liquid Kraken USD/JPY	Sell		147.89	0.95475 JPY
			Profit	-4.5%

Similar routes

-0.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Coinbase USDT/USD	Buy		1.0005	0.0067315 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.99159 JPY
			Profit	-0.8%

-0.9% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Okx USDT/USD	Buy		1.0005	0.0067281 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.99109 JPY
			Profit	-0.9%

-1.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
lag 1 min Bitfinex USDT/USD	Buy	M	1.0006	0.0067241 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.9905 JPY
			Profit	-1.0%

-1.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Not liquid Cex USDT/USD	Buy		1.0004	0.0067221 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.9902 JPY
			Profit	-1.0%

-1.0% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Kraken USDT/USD	Buy		1.0004	0.0067214 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.9901 JPY
			Profit	-1.0%

-1.2% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Bitstamp USDT/USD	Buy		1.0005	0.0067047 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.98764 JPY
			Profit	-1.2%

-2.1% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Exmo USDT/USD	Buy		1.0103	0.0066465 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.97906 JPY
			Profit	-2.1%

-5.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Coinbase USDT/USD	Buy		1.0005	0.0067315 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.9462 JPY
			Profit	-5.4%

-5.4% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Okx USDT/USD	Buy		1.0005	0.0067281 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.94573 JPY
			Profit	-5.4%

-5.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
lag 1 min Bitfinex USDT/USD	Buy	M	1.0006	0.0067241 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.94516 JPY
			Profit	-5.5%

-5.5% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Not liquid Cex USDT/USD	Buy		1.0004	0.0067221 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.94488 JPY
			Profit	-5.5%

-5.8% JPY-USD-USDT-JPY

		M	Price	1 JPY
Not liquid Kraken USD/JPY	Buy		147.95	0.0067416 USD
Bitstamp USDT/USD	Buy		1.0005	0.0067047 USDT
Not liquid Bitfinex JPY/USDT	Buy		0.0071	0.94243 JPY
			Profit	-5.8%