Six wallets build $49.3M paired trade: long SKHX, short SKHY

Odaily Planet Daily data show SKHX at $1,359.60 and SKHY at $190.05, putting SKHY at an estimated 39.8% premium to SKHX. The spread has expanded from 33.9% to about 40% over the past week. Over the last two days, six addresses opened the same paired strategy, going long SKHX and short SKHY. In total, they put on roughly $24.439 million in SKHX longs and $24.876 million in SKHY shorts, for about $49.315 million in combined notional exposure. Among them, address 0x382d opened about $8.225 million in SKHX longs against $8.407 million in SKHY shorts. Address 0x2ab3 opened about $7.865 million in SKHX longs and $7.862 million in SKHY shorts. The other four addresses each built positions ranging from roughly $1.5 million to $3.2 million. Those six addresses currently hold around $22.184 million in SKHX longs and $22.845 million in SKHY shorts. The SKHY short leg shows about $481,000 in unrealized profit, while the SKHX long leg has about $581,000 in unrealized losses, leaving a net unrealized loss of roughly $100,000. Since opening the trade, the group has paid approximately $52,400 in funding fees, including about $21,900 over the past 24 hours. As of 19:09, the dynamic funding rate for SKHX has flipped negative; at current position sizes and rates, the strategy is now collecting about $4,890 per hour in net funding.