Amid the closure of South Korean stock markets, SK Hynix’s ADR premium narrowed by 4 percentage points, and a crypto whale’s convergence portfolio swung to a profit of $340,000.

According to Hyperinsight monitoring, after the South Korean stock market closed, SK Hynix (SKHY) ADR (US-listed) on Hyperliquid continued to decline, currently trading at $148.5, with a 24-hour drop of around 10.5%; during the same period, South Korean-listed SK Hynix (SKHX) traded at 1,134 won, down about 8.9%. Calculated based on the ratio of 0.1 underlying Korean shares per SKHY ADS, the current ADR premium is around 30.8%, narrowing by roughly 4 percentage points from yesterday. The steeper decline of SKHY compared to SKHX has further narrowed the spread between the two. The previously tracked whale wallet 0x257 still maintains a convergence trade of "long SKHX, short SKHY", with total bilateral positions of around $7.893 million and a net floating profit of approximately $343,000: SKHX: 2,903 long positions with 10x isolated leverage, position value of about $3.288 million, average entry price of $1,196, floating loss of around $186,000, return rate of roughly -53.4%; SKHY: 31,014 short positions with 10x isolated leverage, position value of about $4.605 million, average entry price of $165.5, floating profit of around $529,000, return rate of approximately 103.0%. The funding fee structure remains bilateral. The hourly funding rate for SKHX is around -0.00303%, while for SKHY it is approximately 0.00185%; under the current portfolio, both the SKHX long position and SKHY short position are funding fee recipients, meaning the whale is expected to collect a total net of around $185 per hour.