SNDK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackSNDK.US_USDC_PERP	1,239.1	+0.0313	pay 0.0039% / 1h	53m 35s	$217K	$217K	10x	Long Backpack
SHORT	GRVTSNDK_USDT_Perp	1,243.2	+0.0053	get 0.0053% / 8h	1h 53m	$28K	$219K	10x	Short GRVT

Price gap+0.333%

Funding gap−0.0260% /8h

The gap pays +$24 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 3.0 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$41−0.0260% /8h now · paid −0.406% over the last 7D

Price+$24spread +0.333% now, avg +0.098% → +0.235% if it goes back

Costs−$310.315% of $10k · taker + slippage, in and out

Result−$49−0.49%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.333%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SNDK on 45 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Large against open interest11.2 / 6.8 bp
$10k is over 10% of GRVT’s open interest.
Note: Margin at max leverage$1,000 + $1,000
Backpack 10x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$7.80Long Backpack: 24 payments, −$9.39; short GRVT: 3 payments, +$1.59.
OK: Entry gap works for you+0.333% vs +0.098%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$28K vs $217K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCBackpack Yes · GRVT No
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0194%/8h × 21 periods−$40.64

Price spread+0.333% → +0.098% (7d avg)+$23.53

Slippage, 4 orderslive order books−$12.45

Fee Backpack bp × 2 orders−$10.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$48.56

Costs to cover0.315%Break-evennever at this rate

Slippage: Backpack: live order book, 54 min ago; GRVT: live order book, 53 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack1.4311.2 bp−$1188.0 bp−$880doesn’t fitdoesn’t fit

SELL · SHORTGRVT1.556.8 bp−$7doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

SNDK news

posts that mention SNDK or Sandisk, from every exchangeSearch all news →

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10-19 14:54	Phemex	Other	👉 $SNDK/USDT: 👉 solana:MUxEsUKSMACyw5fZf68wxf5FLnZVhtU9CwH8uNNGay1/USDT: 👉 $SKHY/USDT: @Phemex_official on X ↗