#convergencetrade
convergencetrade
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$SKHY ADR PREMIUM NARROWING — WHALE IS MAKING BANK ON THIS SPREAD 🔥
SKHY currently $148.5, down 10.5% in 24h. SKHX at $1134, down 8.9%. The ADR premium just tightened to ~30.8% from 35% yesterday. That's a 4% compression in one session.
A large whale is running a convergence play — long SKHX with 10x leverage, short SKHY with 10x leverage. Net unrealized profit sits at $343k despite the long being underwater. Funding fees are actually paying him on both legs, adding ~$185/hour to the position.
That kind of structured trade doesn't get put on without conviction. Are you watching this spread or already positioned?
Not financial advice. Always manage your risk.
#SKHY #ConvergenceTrade #PremiumArbitrage #FundingRate
🎯
SKHY currently $148.5, down 10.5% in 24h. SKHX at $1134, down 8.9%. The ADR premium just tightened to ~30.8% from 35% yesterday. That's a 4% compression in one session.
A large whale is running a convergence play — long SKHX with 10x leverage, short SKHY with 10x leverage. Net unrealized profit sits at $343k despite the long being underwater. Funding fees are actually paying him on both legs, adding ~$185/hour to the position.
That kind of structured trade doesn't get put on without conviction. Are you watching this spread or already positioned?
Not financial advice. Always manage your risk.
#SKHY #ConvergenceTrade #PremiumArbitrage #FundingRate
🎯
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