basistrade

$SKHX ADR PREMIUM SURGES TO 27% — WHALES BET $14M ON CONVERGENCE 🔥

The basis between SK Hynix ADR ($SKHY ) and Korean stock ($SKHX ) widened to 27.39% from 23.55% yesterday, with ADR equivalent at $1,513.4 vs spot $1,188. Two addresses are running a massive basis trade: long SKHX, short SKHY, total notional ~$13.7M. One whale is actively rotating, cutting net longs by 86 shares and reopening shorts on 417 SKHY while the other holds firm with a $456K unrealized loss.

Funding adds pressure: SKHX funding is +0.0567% per hour (paying to hold long), SKHY is -0.0056% per hour (paying to hold short). Both sides bleed ~$21K in total funding fees since yesterday. The order book shows a $572K bid wall for SKHX around $1,087–$1,187, suggesting support but no clear catalyst for immediate convergence.

Is the premium compressing fast enough to justify the carry cost, or are these whales betting on a slow bleed?

Not financial advice. Always manage your risk.

#SKHX #BasisTrade #Arbitrage #PremiumConvergence

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トレーダーチートシート - 5つの取引所 5つの価格 1つの資産

BINANCE PERP 65 高流動性 ロックなし 5倍レバ
MEXC スポット 58 中流動性 ロックなし 1倍
KRAKEN XSTOCK 35* 低流動性 180日 1倍
BYBIT XSTOCK 35* 低流動性 180日 1倍
WALLET IPO SUB 41.75 ゼロ流動性 5-7日 1倍

*インディケイティブ プラス5%手数料

キーポイント
PERP-SPOT ベーシス 4-7% 年間キャリー ショート PERP ロング スポット
WALLET SUB 41.75 対 PERP 65 ロックされた 16% アービトラージ もし転送可能なら
MEXC スポットはニュース アービトラージウィンドウで BINANCE PERP を 2-3分リード
KRAKEN BYBIT XSTOCKS は流動性が低くスプレッドが広い そこでサイズを取らないこと

IPOデイ プレイブック ロング MEXC スポット ショート BINANCE PERP プレオープンでファーストプリントでクローズ

#SPCXVenueMap #BasisTrade #IPODayPlaybook

$SKHX PREMIUM OVER $SKHY HITS 27.4% – WHALES ACTIVE 🔥

The basis just widened another 3.8% to 27.39% – that's a serious gap between the Hyperliquid token and the ADR. Two whales are running multi-million dollar long-short pairs, but one address just saw unrealized profit shrink by $165,000 overnight while paying $21,200 in funding fees.

Per-hour funding on SKHX is +0.0567% – that adds up fast if the convergence doesn't come soon. The ask wall on SKHX runs deep from $1207 up to $1431. Are you watching the basis trade or staying away?

Not financial advice. Always manage your risk.

#SKHX #SKHY #BasisTrade #Arbitrage #Crypto

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