🦈 WHALE SPREAD PLAY ON $SKHX /$SKHY BRACES AS 36% ADR PREMIUM EXPANDS 💥
Long Entry: 1,043.88 ⚡
Short Entry: 141.59 🎯
Liquidation: 745.55 / 161.82 ⚠️
🔍 The whale at 0xe091 is running a textbook ADR convergence trade on the Hynix pair — long 5,400 SKHX, short 40,000 SKHY, with a clean 99.2% notional match. 💡 The premium has widened 0.42pp since entry to 36.06%, leaving the position underwater by roughly $1.7K.
Here's the real friction: funding. SKHX long funding runs +0.01961% hourly, costing about $1,083 per hour, while the SKHY short pays just $61. 📊 That's roughly $27.5K daily in carry if rates hold — institutional patience has a price. 💬 Does convergence snap the premium back, or does the carry cost eventually force this whale to unwind? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SKHX #SKHY #Arbitrage #SmartMoney #FundingRates
🦈 🎯
Long Entry: 1,043.88 ⚡
Short Entry: 141.59 🎯
Liquidation: 745.55 / 161.82 ⚠️
🔍 The whale at 0xe091 is running a textbook ADR convergence trade on the Hynix pair — long 5,400 SKHX, short 40,000 SKHY, with a clean 99.2% notional match. 💡 The premium has widened 0.42pp since entry to 36.06%, leaving the position underwater by roughly $1.7K.
Here's the real friction: funding. SKHX long funding runs +0.01961% hourly, costing about $1,083 per hour, while the SKHY short pays just $61. 📊 That's roughly $27.5K daily in carry if rates hold — institutional patience has a price. 💬 Does convergence snap the premium back, or does the carry cost eventually force this whale to unwind? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SKHX #SKHY #Arbitrage #SmartMoney #FundingRates
🦈 🎯