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Markets · SK Hynix·4 markets · all instruments

SKHX premium & hedge

All tradeable instruments on the 000660.KS underlying: prices, vs-basis premium, funding, hedge ratio and net delta.

Session 1ADR Premium

Live spread, premium bands and history for SKHY ADR vs SKHX full-share perp

Connecting

SKHY

ADR perp · xyz:SKHY · 1h · 24H · wheel to zoom · drag to pan

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SKHX

full-share perp · xyz:SKHX · 1h · 24H · wheel to zoom · drag to pan

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ADR premium

SKHY ÷ (SKHX ÷ 10) − 1 · Mid-price basis

Awaiting market
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Dollar gap --Waiting for both books
PREMIUM TIME SERIES

ADR premium history

1m candles · HKT · live BBO extension · Shift + wheel to zoom

Loading 24H history...
ADR premium Live Watch 10% Alert 12%

HL xyz:SKHX vs 000660.KS (USD)

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660.KS ≈ -- USD/sh (-- KRW ÷ --)

7709.HK vs iNAV

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Mark -- HKD · iNAV -- HKD

HL vs BN (full-share Mark)

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Funding APR gap (HL−BN) --

Session 2SK Hynix Derivatives & Synthetics

Benchmark premium/discount and funding cost of carry across KRX, US, Hyperliquid, Binance and HK

Benchmark premium / discount

Each instrument's USD/sh vs the selected benchmark · green = premium (right) · red = discount (left) · 15s refresh

USD/sh
Waiting for market snapshot data (skhx-recorder)…

Premium = each instrument's USD/sh ÷ benchmark − 1 (ADR ×10, full-share ×1). Leveraged wrappers (7709/SKHU/SKHZ) are NAV products, shown instead as vs-iNAV premium or intraday tracking diff. When 000660.KS is closed it holds its close px — switch the benchmark to the HL or Binance oracle for a live reference.

Funding & cost of carry

Perp-only carry: annualized funding is the cost to hold · positive = longs pay · 15s refresh

Perps

Carry (APR) = next funding rate annualized per settlement cycle (HL hourly; Binance 4h SKHYNIXUSDT, 8h SKHYUSDT). Oracle premium = Mark ÷ Index − 1 per venue. Last 5 = most recent settled rates (hover for HKT settlement time).

Session 3Hedge ratio & guidance

Hedge sizing guidance calibrated with R_eff and CSOP daily NAV

Hedge ratio & guidance

7709 daily leverage · calibrated to CSOP Daily NAV (14:30 HKT KRX close) · guidance uses R_eff

660.KS-equiv
2.00×

R_eff · intraday effective leverage est.

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660.KS intraday -- · R_eff = 2(1+r)/(1+2r), re-anchors to 2.0 daily at 14:30 HKT

CSOP Daily NAV (official)

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Waiting for NAV sync

7709 exposure & full-hedge need

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No 7709 position snapshot

Suggested action (R_eff net delta)

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Missing position or price data

Session 4Positions & net delta

Six-leg cross-venue positions, net USD exposure, 660.KS sh-equiv and daily anchor reconciliation

Positions & net delta

3 accounts · team TSDB snapshot (per min) · 15s refresh

660.KS-equiv
Waiting for skhx-recorder to write the first row…
Spread = SKHY / (SK Hynix / 10) - 1Sources: Hyperliquid live · Neon via skhx-recorder / market-data · Nasdaq (US) · ICE iNAV · CSOP NAV