GOAT: HyperLiquid ↔ Binance arbitrage

GOAT arbitrage between HyperLiquid and Binance: we compare the price of GOAT on HyperLiquid (futures) and Binance (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in GOAT right now — $5.0M: Bybit $1.4M, Binance $1.2M, BingX $1.2M, KuCoin $619.6K, Bitget $379.8K. See OI GOAT.

About GOAT arbitrage

How do I read the GOAT spread?

The spread is how many percent higher GOAT trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get GOAT alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.