$49.315M in Notional Volume: Six Addresses Build SKHX Long and SKHY Short Positions

Odaily News: SKHX is trading at $1,359.6, while SKHY is trading at $190.05, with SKHY carrying a premium of approximately 39.8% over SKHX. The spread has widened back from 33.9% to about 40% within a week. Six addresses simultaneously established paired positions over the past two days, going long SKHX and short SKHY, accumulating approximately $24.439M in SKHX long positions and approximately $24.876M in SKHY short positions, with combined notional volume of about $49.315M across both legs. 0x382d built approximately $8.225M in SKHX long positions and approximately $8.407M in SKHY short positions; 0x2ab3 built approximately $7.865M in SKHX long positions and approximately $7.862M in SKHY short positions; the remaining four addresses each held positions ranging from approximately $1.5M to $3.2M per pair. The six addresses currently still hold approximately $22.184M in SKHX long positions and approximately $22.845M in SKHY short positions. Total unrealized profit on the SKHY short positions is approximately $481K, while unrealized loss on the SKHX long positions is approximately $581K, bringing the combined unrealized loss across both legs to approximately $100K. Since establishing positions, the six addresses have paid a net total of approximately $52.4K in funding fees, with approximately $21.9K spent in the last 24 hours. As of 19:09, the dynamic funding rate for SKHX has turned negative. Based on current positions and funding rates, the portfolio is estimated to net approximately $4,890 per hour in funding fees.