TechFlow news, July 17, according to Hyperinsight monitoring, after the South Korean stock market closed, the US stock Hynix ADR (SKHY) on Hyperliquid continued to fall, currently trading at $148.5, a 24-hour drop of about 10.5%; during the same period, the Korean stock Hynix (SKHX) traded at $1134, a drop of about 8.9%.
Calculated based on each SKHY ADS corresponding to 0.1 share of the underlying Korean stock, the current ADR premium is about 30.8%, narrowed by about 4 percentage points compared to yesterday. SKHY's drop exceeded SKHX's, driving the spread between the two to converge further.
The previously tracked 0x257 whale still maintains the convergence portfolio of "long SKHX, short SKHY", current total bilateral positions are about $7.893 million, net unrealized profit of the portfolio is about $343,000:
- SKHX: long 2903 contracts with 10x isolated margin, position value about $3.288 million, average entry price $1196, unrealized loss about $186,000, return rate about -53.4%;
- SKHY: short 31,014 contracts with 10x isolated margin, position value about $4.605 million, average entry price $165.5, unrealized profit about $529,000, return rate about 103.0%.
The funding fee structure remains charged on both sides. SKHX hourly funding rate is about -0.00303%, SKHY is about 0.00185%; under the current portfolio, both SKHX long positions and SKHY short positions are recipients of funding fees, the whale is expected to net receive about $185 per hour in total.
