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 OKX spot at $0.0179 and the highest bid on Variational perp at $0.0179.
The widest GOAT perpetual spread is between Gate and Variational: long GOAT on Gate at $0.0179 and short on Variational at $0.0179 for +0.02% gross, or -0.14% 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 pays 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 Variational: +0.06% gross, -0.14% 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 -0.11% 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.