It could be a skin condition like mites, a cut from another piggy or something in his cage, or a cyst.
Does he live alone?
How long have you had him?
Does he seem healthy otherwise (bright eyes, shiny coat, good appetite, active, etc)?
Is there a lump surrounding the cut?
If there is no lump and it looks and smells 'clean', and he seems fine within himself it might just be an old injury, but I would keep a very close eye on it.