Six Addresses Build Paired SKHX Long and SKHY Short Positions as Premium Widens to 39.8%

SKHX was quoted at $1,359.6 and SKHY at $190.05, leaving SKHY at a premium of about 39.8% to SKHX. The spread widened again from 33.9% to about 40% over the past week. According to Odaily, six addresses opened paired positions over the past two days, going long SKHX and short SKHY, with about $24.439 million in SKHX longs and about $24.876 million in SKHY shorts, for total notional trading of about $49.315 million. Address 0x382d built about $8.225 million in SKHX longs and about $8.407 million in SKHY shorts, while 0x2ab3 built about $7.865 million in SKHX longs and about $7.862 million in SKHY shorts. The other four addresses each opened positions ranging from about $1.5 million to $3.2 million. The six addresses still hold about $22.184 million in SKHX longs and about $22.845 million in SKHY shorts. Their SKHY shorts are up about $481,000, while the SKHX longs are down about $581,000, leaving the combined pair down about $100,000. Since opening the positions, the six addresses have paid about $52,400 in funding fees, including about $21,900 over the past 24 hours. As of 19:09, SKHX's funding rate had turned negative, and the pair was estimated to earn about $4,890 in net funding fees per hour at current positions and rates.