Woofun AI data shows SK Hynix contracts on Hyperliquid are priced at $1245.4 with $1.021 billion in 24-hour volume, while US ADR contracts trade at $153.69 with $136 million volume. Based on the 10:1 conversion ratio, the ADR equivalent price is $1536.9, representing a 23.41% premium over the Korean stock and an 18.97% discount for the latter.

Funding rates diverge significantly, with Korean contracts at +0.06132% per hour and US ADRs at -0.00463%. Despite the cost of holding convergence positions, two large addresses executed trades totaling approximately $14 million. Address 0x257 holds a $7.89 million long-short portfolio with $339,000 floating profit, while address 0xf517 manages a $6.09 million position currently showing a $389,000 floating loss.