SK Hynix ADR Premium Expands to 34.8% on Hyperliquid as Funding Rate Structure Reverses on July 16

SK Hynix-11.52%
SKHY-11.11%
According to Hyperinsight data tracked by BlockBeats, on July 16, the ADR premium for SK Hynix (SKHY) on Hyperliquid expanded to 34.8% compared to the Korean-listed shares (SKHX). SKHX was trading at 1234.10 USD while SKHY reached 166.31 USD. The funding rate structure has shifted: SKHX now charges -0.00706% hourly while SKHY charges -0.00354%, both negative. Under the convergence arbitrage structure, traders holding long SKHX positions are now collecting fees while short SKHY positions continue paying, allowing previous arbitrage heads to potentially collect net funding fees rather than paying them.
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