GOAT arbitrage explained
Right now Goatseus Maximus (GOAT) trades on 9 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0176 and the highest bid on MEXC perp at $0.0176.
The widest GOAT perpetual spread is between Bybit and Binance: long GOAT on Bybit at $0.0176 and short on Binance at $0.0176 for +0.17% gross, or +0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GOAT route is to buy spot on Bybit and short the perpetual on Binance: +0.17% gross, -0.03% net, with +0.030% a day of funding on the short leg.
Spot–spot GOAT arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows +0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small GOAT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: GOAT funding rates · GOAT spread charts · Goatseus Maximus price · arbitrage scanner for all coins.