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

-1.0% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Bitfinex USDT/USD	Sell	M	0.99921	0.0067072 USD
Kraken USD/JPY	Sell		148.04	0.99037 JPY
			Profit	-1.0%

-1.3% JPY-USD-USDT-JPY

		M	Price	1 JPY
Kraken USD/JPY	Buy		148.63	0.0067108 USD
Bitfinex USDT/USD	Buy	M	0.99924	0.0067024 USDT
Not liquid Kraken USDT/JPY	Sell		147.69	0.98731 JPY
			Profit	-1.3%

Similar routes

+4.4% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Exmo USDT/USD	Sell		1.0165	0.0070731 USD
Kraken USD/JPY	Sell		148.04	1.0444 JPY
			Profit	4.4%

+3.0% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Coinbase USDT/USD	Sell		0.99952	0.0069757 USD
Kraken USD/JPY	Sell		148.04	1.03 JPY
			Profit	3.0%

+2.9% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Okx USDT/USD	Sell		0.9995	0.006972 USD
Kraken USD/JPY	Sell		148.04	1.0295 JPY
			Profit	2.9%

+2.9% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Bitfinex USDT/USD	Sell	M	0.99921	0.0069665 USD
Kraken USD/JPY	Sell		148.04	1.0287 JPY
			Profit	2.9%

+2.8% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Not liquid Cex USDT/USD	Sell		0.9995	0.0069651 USD
Kraken USD/JPY	Sell		148.04	1.0284 JPY
			Profit	2.8%

+2.8% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Kraken USDT/USD	Sell		0.99951	0.0069644 USD
Kraken USD/JPY	Sell		148.04	1.0283 JPY
			Profit	2.8%

+2.6% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Bitfinex JPY/USDT	Sell		0.007	0.006986 USDT
Bitstamp USDT/USD	Sell		0.99951	0.0069477 USD
Kraken USD/JPY	Sell		148.04	1.0259 JPY
			Profit	2.6%

0.6% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Exmo USDT/USD	Sell		1.0165	0.0068098 USD
Kraken USD/JPY	Sell		148.04	1.0055 JPY
			Profit	0.6%

-0.8% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Coinbase USDT/USD	Sell		0.99952	0.006716 USD
Kraken USD/JPY	Sell		148.04	0.99167 JPY
			Profit	-0.8%

-0.9% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Okx USDT/USD	Sell		0.9995	0.0067125 USD
Kraken USD/JPY	Sell		148.04	0.99115 JPY
			Profit	-0.9%

-1.0% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Not liquid Cex USDT/USD	Sell		0.9995	0.0067058 USD
Kraken USD/JPY	Sell		148.04	0.99016 JPY
			Profit	-1.0%

-1.0% JPY-USDT-USD-JPY

		M	Price	1 JPY
Not liquid Kraken USDT/JPY	Buy		148.29	0.006726 USDT
Kraken USDT/USD	Sell		0.99951	0.0067052 USD
Kraken USD/JPY	Sell		148.04	0.99007 JPY
			Profit	-1.0%