Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,244.8+0.0050pay 0.0006% / 1h23m 55s$236K$191K10xLong Backpack
SHORT1,244.9+0.1712get 0.0214% / 1h23m 55s$53K$120K10xShort SoDEX
Price gap+0.002%
Funding gap+0.1662% /8h

Funding trade: +$50 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$48+0.1662% /8h now · paid +0.479% over the last 7D
Price$0spread +0.002% now, avg +0.003% → 0.000% if it goes back
Costs−$330.331% of $10k · taker + slippage, in and out

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.479% in total, about +0.0228%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.002%
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

1 ok · 3 to watch
  • Watch: Large against open interest5.0 / 11.6 bp
    $10k is over 10% of SoDEX’s open interest.
  • Note: Margin at max leverage$1,000 + $1,000
    Backpack 10x, SoDEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$49.87Long Backpack: 24 payments, −$1.50; short SoDEX: 24 payments, +$51.37.
  • Note: Gap at its usual level+0.002% vs +0.003%
    The price leg adds little either way.
  • Watch: Short leg is thinner$53K vs $236K OI
    SoDEX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBackpack Yes · SoDEX 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+0.0228%/8h × 21 periods+$47.87
Price spread+0.002% → +0.003% (7d avg)−$0.01
Slippage, 4 orderslive order books−$15.14
Fee Backpack bp × 2 orders−$10.00
Fee SoDEX bp × 2 orders−$8.00
Net · 7 days · $10k+$14.72
Costs to cover0.331%Break-even4.8 days
Slippage: Backpack: live order book, 54 min ago; SoDEX: live order book, 54 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBackpack0.045.0 bp−$561.0 bp−$610doesn’t fitdoesn’t fit
SELL · SHORTSoDEX0.0411.6 bp−$1246.7 bp−$467doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SNDK news

posts that mention SNDK or Sandisk, from every exchangeSearch all news →
10-25 04:12HTXPointsFutures Hot Coins Points Race Is NOW! Trading Pairs: ZEC/SOL/FIL/SNDK/SKHYNIX 🔹Trade More → Earn More Points → Unlock More Rewards: Island Getaways | Hot Tokens | More Rewards Join now »» @HTX_Global on X ↗
10-23 16:53BackpackOtherEarnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-22 22:57InjectiveTokenThe second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
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10-19 14:54PhemexOther👉 $SNDK/USDT: 👉 solana:MUxEsUKSMACyw5fZf68wxf5FLnZVhtU9CwH8uNNGay1/USDT: 👉 $SKHY/USDT: @Phemex_official on X ↗
10-19 14:38PhemexOtherMemory is back on traders’ screens after last week’s tech selloff. A bounce is one thing. Holding it while the broader AI trade finds its footing is another. Are you watching the recovery, or waiting for more confirmation? Which name tells you the most, SK hynix, Sandisk or Micron? @Phemex_official on X ↗