đŠ $SKHY WHALE TRADE BLEEDS $27,500/DAY IN FUNDINGâCAN THE 36% PREMIUM CATCH UP? đ„
Entry: 139.19 âĄ
Target: 138.50 đ
đ° A whale is running a massive SKHY/SKHX basis tradeâlong 5,400 SKHX against 40,000 short SKHY, a ~$11M notional spread betting that the 36% ADR premium collapses. But the clock is ticking. đ
Funding costs are bleeding this position at ~$27,500 daily. The spread must narrow by 0.67 percentage points every single day just to hit breakeven. That's not a conviction trade anymoreâit's a race against carry costs. đĄ
If SKHX stays pinned at $1,023, SKHY needs to slide from $139.19 to $138.50 just to buy one extra day. The question isn't if the premium revertsâit's whether the speed of convergence beats the cost of holding. đŹ Do you think this whale can outrun the funding clock before the spread decides for them? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #SKHY #ADRArbitrage #WhaleWatch #FundingRates #Crypto
đŻ đŠ
Entry: 139.19 âĄ
Target: 138.50 đ
đ° A whale is running a massive SKHY/SKHX basis tradeâlong 5,400 SKHX against 40,000 short SKHY, a ~$11M notional spread betting that the 36% ADR premium collapses. But the clock is ticking. đ
Funding costs are bleeding this position at ~$27,500 daily. The spread must narrow by 0.67 percentage points every single day just to hit breakeven. That's not a conviction trade anymoreâit's a race against carry costs. đĄ
If SKHX stays pinned at $1,023, SKHY needs to slide from $139.19 to $138.50 just to buy one extra day. The question isn't if the premium revertsâit's whether the speed of convergence beats the cost of holding. đŹ Do you think this whale can outrun the funding clock before the spread decides for them? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #SKHY #ADRArbitrage #WhaleWatch #FundingRates #Crypto
đŻ đŠ