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-1.2% PHA-USDC-USD-PHA

		M	Price	1 PHA
Binance PHA/USDC	Sell	M	0.0472	0.047153 USDC
Bitstamp USDC/USD	Sell		0.99987	0.046911 USD
Kraken PHA/USD	Buy		0.04737	0.98773 PHA
			Profit	-1.2%

-1.2% PHA-USDT-USD-PHA

		M	Price	1 PHA
Binance PHA/USDT	Sell	M	0.0472	0.047153 USDT
Bitstamp USDT/USD	Sell		0.9998	0.046908 USD
Kraken PHA/USD	Buy		0.04737	0.98767 PHA
			Profit	-1.2%

-1.4% EUR-PHA-USDC-EUR

		M	Price	1 EUR
Kraken PHA/EUR	Buy		0.04167	23.936 PHA
Binance PHA/USDC	Sell	M	0.0472	1.1286 USDC
Bitstamp USDC/EUR	Sell		0.8781	0.9861 EUR
			Profit	-1.4%

-1.4% EUR-PHA-USDT-EUR

		M	Price	1 EUR
Kraken PHA/EUR	Buy		0.04167	23.936 PHA
Binance PHA/USDT	Sell	M	0.0472	1.1286 USDT
Bitstamp USDT/EUR	Sell		0.87804	0.98603 EUR
			Profit	-1.4%

-1.5% PHA-USDT-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Binance PHA/USDT	Buy	M	0.0473	0.98541 PHA
			Profit	-1.5%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Binance USDC/USDT	Buy	M	1.0001	0.046606 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98433 PHA
			Profit	-1.6%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Gate USDC/USDT	Buy		1.0001	0.046605 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98433 PHA
			Profit	-1.6%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Kucoin USDC/USDT	Buy	M	1.0001	0.046605 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98433 PHA
			Profit	-1.6%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Coinbase USDT/USDC	Sell		0.9999	0.046605 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98433 PHA
			Profit	-1.6%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Kucoin USDT/USDC	Sell		0.9999	0.046605 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98433 PHA
			Profit	-1.6%

-1.6% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Okx USDC/USDT	Buy		1.0001	0.046582 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98384 PHA
			Profit	-1.6%

-1.7% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Bitfinex USDC/USDT	Buy		1.0001	0.046559 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98334 PHA
			Profit	-1.7%

-1.7% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Huobi USDC/USDT	Buy	M	1.0001	0.046559 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98334 PHA
			Profit	-1.7%

-1.7% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Poloniex USDT/USDC	Sell		0.99927	0.04655 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98316 PHA
			Profit	-1.7%

-1.7% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Kraken USDC/USDT	Buy		1.0001	0.046531 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98275 PHA
			Profit	-1.7%

-1.9% PHA-USDT-USD-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Binance USDT/USD	Sell		0.99968	0.046595 USD
Kraken PHA/USD	Buy		0.04737	0.98108 PHA
			Profit	-1.9%

-2.0% PHA-USDT-USDC-PHA

		M	Price	1 PHA
Huobi PHA/USDT	Sell		0.04675	0.046656 USDT
Latoken USDC/USDT	Buy		1.0002	0.046421 USDC
Binance PHA/USDC	Buy	M	0.0473	0.98043 PHA
			Profit	-2.0%

-2.0% EUR-PHA-USDT-EUR

		M	Price	1 EUR
Kraken PHA/EUR	Buy		0.04167	23.936 PHA
Huobi PHA/USDT	Sell		0.04675	1.1168 USDT
Binance EUR/USDT	Buy		1.1389	0.97958 EUR
			Profit	-2.0%