According to CoinMeta, the premium for Hynix ADR remains at 36.1%. A trader expected a narrowing of the price difference with a position worth 11.09 million US dollars. Currently, the bid for skhx is 1023 US dollars, and the contract skhy mapped to Hynix ADR is quoted at 139.19 US dollars. With a conversion ratio of 10 skhy to 1 skhx, the current premium for ADR is about 36.06%. The trader established a spread position in Hynix from last Thursday to Friday, using 5x leverage per position to go long on 5,400 shares of skhx worth approximately 5.524 million US dollars, resulting in a floating loss of about 112,700 US dollars. The trader then went short on 40,000 shares of skhy at a liquidation price of 161.82 US dollars, generating a floating profit of about 96,000 US dollars. The total notional size of both positions is about 11.092 million US dollars, with a matching degree of 99.2%. Currently, the hourly funding rate for skhx is about +0.01961%, and for skhy it is about -0.00109%. If the rates remain unchanged, the static daily funding cost would be about 27,500 US dollars.