Same asset, different doors. Watch the premium form — and see exactly who is holding it in place.
Authority · Jam · Crush — who holds the doors, where the flow chokes, and what it does to price.
Reading the board…
A gap that can't move isn't money on the table — it's a door that's already shut. On this board the widest gaps tend to be the most firmly closed: size is a warning, not an invitation.
Measuring the basis wedge across the Korean venues…
Pick a venue and token in the deck: the distribution shows where a token sits inside SU's own market, and the mobility map shows exactly who is holding which door.
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