[Position of $19.02 Million, A Certain Whale's SK Hynix Korea-US Spread Trade Loses $275,200 Over 40 Days] Odaily Planet Daily News: A certain whale currently holds approximately $19.02 million in a Korea-US spread pair position for SK Hynix, going long on the Korean common stock proxy SKHX and short on the US ADR proxy SKHY, anticipating a convergence in the spread. After holding the position for about 40 days, the spread has not reverted and has instead widened, resulting in a combined unrealized loss of approximately $275,200. Specifically, the SKHX long position is valued at approximately $9.347 million, with an average entry price of $1,307.1 per unit, currently incurring a loss of about $446,000. The SKHY short position is valued at approximately $9.676 million, with an average entry price of $179.4 per unit, currently realizing a profit of about $171,000. As of the time of reporting, the premium of SKHY relative to SKHX is approximately 41.31%, which has widened by about 4.1 percentage points compared to the 37.2% premium at the time of entry. Since the position was established, the address has cumulatively paid approximately $94,100 in funding fees for both sides of the position, with about $16,100 paid in the last 24 hours. Based on the current position and dynamic funding rates, it is estimated that the pair still requires a net payment of approximately $1,106 per hour.