SKR arbitrage explained
Right now Seeker (SKR) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.0161 and the highest bid on Bybit perp at $0.0161.
The widest SKR perpetual spread is between Gate and Bybit: long SKR on Gate at $0.0161 and short on Bybit at $0.0161 for +0.13% gross, or -0.03% 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 SKR route is to buy spot on MEXC and short the perpetual on Bybit: +0.19% gross, -0.01% net, with +0.030% a day of funding on the short leg.
Spot–spot SKR arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) shows +0.14% 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 SKR 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: SKR funding rates · SKR spread charts · Seeker price · arbitrage scanner for all coins.