SKR arbitrage between HyperLiquid and Coinbase: we compare the price of SKR on HyperLiquid (futures) and Coinbase (spot) 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.

SKR: Coinbase — deposit open, withdrawal open.

Open interest in SKR right now — $4.7M: Bybit $1.4M, Binance $1.2M, BingX $1.2M, Bitget $429.5K, KuCoin $272.1K. See OI SKR.

News about SKR

Crypto rebounds after Trump TACO’s on Tariffs! BitGo $2.1B IPO! Solana’s SKR token soars 250% FDV!

About SKR arbitrage

How do I read the SKR spread?

The spread is how many percent higher SKR 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 Coinbase. 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 SKR alerts?

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