These past few days, I have been intensively hosting many bosses in Tokyo, which has helped clarify some doubts, such as why this year, everyone is rushing to Tokyo to build trading teams, like Li Lin. The reason is the combination of the Japan-U.S. Pacific submarine cable and Binance's Japanese data center.
Trading in Tokyo allows for faster arbitrage completion on Binance or U.S. exchanges compared to Hong Kong and South Korea. If all strategies are similar now, then it completely comes down to speed, that 0.1-second difference.