Six addresses opened paired positions over the past two days, going long SKHX and short SKHY, with combined notional volume reaching about $49.315 million, according to Odaily. SKHX was quoted at $1,359.6 and SKHY at $190.05, leaving SKHY trading at an estimated 39.8% premium relative to SKHX. That spread had widened again from 33.9% to around 40% over the past week.
The group built roughly $24.439 million in SKHX longs and about $24.876 million in SKHY shorts. Among them, address 0x382d opened around $8.225 million in SKHX longs and $8.407 million in SKHY shorts, while 0x2ab3 opened about $7.865 million in SKHX longs and $7.862 million in SKHY shorts. The other four addresses each put on positions worth roughly $1.5 million to $3.2 million.
As of 19:09, the six addresses still held about $22.184 million in SKHX longs and $22.845 million in SKHY shorts. The SKHY short leg was showing about $481,000 in unrealized profit, while the SKHX long leg was showing about $581,000 in unrealized loss, leaving the combined position down about $100,000. Since opening the trade, the addresses have paid roughly $52,400 in net funding fees, including about $21,900 over the past 24 hours. Odaily said SKHX’s dynamic funding rate had turned negative by 19:09, implying the portfolio would collect about $4,890 per hour at the current position size and rate.
Odaily reported that SKHX was quoted at $1,359.6, while SKHY traded at $190.05, putting SKHY at an estimated 39.8% premium relative to SKHX. Over the past week, that spread widened again from 33.9% to about 40%.
Over the past two days, six addresses opened paired positions by going long SKHX and short SKHY. The group built about $24.439 million in SKHX longs and about $24.876 million in SKHY shorts, for combined notional volume of roughly $49.315 million.
Position sizes by address
Address 0x382d opened about $8.225 million in SKHX longs and about $8.407 million in SKHY shorts. Address 0x2ab3 opened about $7.865 million in SKHX longs and about $7.862 million in SKHY shorts. The other four addresses each put on positions worth about $1.5 million to $3.2 million.
As of 19:09, the six addresses were still holding about $22.184 million in SKHX longs and about $22.845 million in SKHY shorts.
PnL and funding costs
At current levels, the SKHY short leg was showing combined unrealized profit of about $481,000, while the SKHX long leg was showing combined unrealized loss of about $581,000. Taken together, the paired trade was down about $100,000.
Since the positions were opened, the six addresses have paid about $52,400 in net funding fees, including roughly $21,900 over the past 24 hours. As of 19:09, SKHX’s dynamic funding rate had turned negative. Based on the current position sizes and funding rate, the portfolio was estimated to collect about $4,890 per hour in net funding.
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