basistrade

TRADER CHEAT SHEET - 5 VENUES 5 PRICES ONE ASSET

BINANCE PERP 65 HIGH LIQ NO LOCK 5X LEV
MEXC SPOT 58 MED LIQ NO LOCK 1X
KRAKEN XSTOCK 35* LOW LIQ 180D 1X
BYBIT XSTOCK 35* LOW LIQ 180D 1X
WALLET IPO SUB 41.75 ZERO LIQ 5-7D 1X

*INDICATIVE PLUS 5% FEE

KEY EDGES
PERP-SPOT BASIS 4-7% ANNUALIZED CARRY SHORT PERP LONG SPOT
WALLET SUB 41.75 VS PERP 65 LOCKED 16% ARB IF TRANSFERABLE
MEXC SPOT LEADS BINANCE PERP BY 2-3 MINS ON NEWS ARB WINDOW
KRAKEN BYBIT XSTOCKS ILLIQUID WIDE SPREADS DONT SIZE THERE

IPO DAY PLAYBOOK LONG MEXC SPOT SHORT BINANCE PERP PRE-OPEN CLOSE ON FIRST PRINT

#SPCXVenueMap #BasisTrade #IPODayPlaybook

$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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🦈 $HYPE WHALE FOLDS ITS $11.74M BASIS TRADE AS FUNDING YIELDS COLLAPSE 💥

📡 The 0xf17 whale is systematically unwinding its HYPE cash-and-carry position — cutting both legs by ~26.5% and shedding $4.24M in total notional. This isn't a panic dump; it's a math decision. The carry trade that was printing +0.21425% weekly funding in mid-July now yields a measly 10.9% annualized. When smart money exits a basis trade, the juice simply isn't worth the squeeze anymore.

📊 Funding rates have contracted 20.2% since August 1st, with spot sells being matched nearly 1:1 by short covering on the perpetual side. Two TWAP orders are still chewing through 90,000 HYPE tokens — roughly $4.6M in combined notional. The real question isn't whether the whale finishes, but whether spot bids can absorb the remaining flow without a liquidity sweep. 👁️

💬 Are you reading this as a bearish overhang, or is funding compression actually clearing the path for a cleaner spot bid? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #HYPE #WhaleWatch #FundingRate #Crypto #BasisTrade

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$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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