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$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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FOLHA DE DICAS DO TRADER - 5 PLATAFORMAS 5 PREÇOS UM ATIVO

BINANCE PERP 65 ALTA LIQ SEM LOCK 5X LEV
MEXC SPOT 58 LIQ MÉD SEM LOCK 1X
KRAKEN XSTOCK 35* BAIXA LIQ 180D 1X
BYBIT XSTOCK 35* BAIXA LIQ 180D 1X
WALLET IPO SUB 41.75 ZERO LIQ 5-7D 1X

*INDICATIVO MAIS 5% DE TAXA

VANTAGENS CHAVE
BASE PERP-SPOT 4-7% CARRY ANUALIZADO LONG PERP SHORT SPOT
WALLET SUB 41.75 VS PERP 65 BLOQUEADO 16% ARB SE TRANSFERÍVEL
MEXC SPOT LIDERA BINANCE PERP POR 2-3 MINUTOS NO JANELA DE ARB DE NOTÍCIAS
KRAKEN BYBIT XSTOCKS ILLIQUIDOS DIFERENÇAS AMPLAS NÃO AUMENTE LÁ

PLAYBOOK DO DIA DO IPO LONG MEXC SPOT SHORT BINANCE PERP ANTES DA ABERTURA FECHAR NO PRIMEIRO PRINT

#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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