During the KOSPI market closure, Hynix's ADR discount narrowed by 4 percentage points, and a whale's convergent portfolio turned a $340,000 profit.

BlockBeats News, July 17th, according to Hyperinsight monitoring, after the South Korean stock market closed, the Hyperliquid-listed US stock Haly ADR (SKHY) continued to fall, currently trading at $148.5, with a 24-hour drop of about 10.5%; at the same time, the Korean stock SKHX was at $1134, with a drop of about 8.9%.

Based on each SKHY ADS corresponding to 0.1 shares of Korean common stock, the current ADR premium is about 30.8%, narrowing by about 4 percentage points from yesterday. SKHY's decline exceeded SKHX, further narrowing the price difference between the two.

The previously tracked Whale 0x257 still maintains a convergent strategy of "long SKHX, short SKHY," with a total of about $7.893 million in both long and short positions, with a net unrealized profit of about $343,000:

SKHX: Long 2903 contracts with 10x leverage, with a position value of about $3.288 million, an average entry price of $1196, an unrealized loss of about $186,000, and a return rate of approximately -53.4%;

SKHY: Short 31,014 contracts with 10x leverage, with a position value of about $4.605 million, an average entry price of $165.5, an unrealized profit of about $529,000, and a return rate of approximately 103.0%.

The funding fee structure continues to be bilateral. The hourly funding rate for SKHX is approximately -0.00303%, and for SKHY is about 0.00185%; in the current combination, the long position of SKHX and the short position of SKHY are both fee income sides, and the Whale expects a net income of about $185 per hour.