SNDK funding rates and arbitrage

SNDK perpetuals trade on 17 contracts across 15 venues, forming 134 cross-venue arbitrage pairs. By net APR the current best pair is long Aster against short Coinbase, netting +69.20%, though note the legs settle on different cadences (8h / 1h)ใ€‚

SNDK perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
OKXSNDK-USDT-SWAPUSDT8h0.0000%0.00%+26.44%$791.4M1,392.7
BitgetSNDKUSDTUSDT8h0.0176%+19.27%+31.62%$132.2M1,392.2
GateSNDK_USDTUSDT8h0.0000%0.00%+2.11%$106.7M1,389.3
BybitSNDKUSDTUSDT8h0.0000%0.00%+22.23%$82.4M1,391.3
AsterSNDKUSD1USD18h0.0000%0.00%+35.65%$60.0M1,391.1
MEXCSNDKSTOCK_USDTUSDT8h0.0085%+9.31%+32.63%$45.5M1,391.8
LighterSNDKUSDC1h0.0006%+5.26%+36.23%$15.0M1,390.7
WhiteBITSNDK_PERPUSDT8h0.0100%+10.95%+61.78%$11.2M1,390.2
HTXSNDK-USDTUSDT8h0.0000%0.00%+14.08%$7.5M1,392.9
KuCoinSNDKUSDTMUSDT8h0.0214%+23.43%+22.07%$6.3M1,390
DeribitSNDK_USDC-PERPETUALUSDC8h0.0401%+43.95%+34.32%$2.3M1,390.6
AsterSNDKUSDTUSDT8h0.0130%+14.22%+43.09%$2.1M1,390.6
MEXCSNDKSTOCK_USDCUSDC8h0.0085%+9.31%+32.63%$1.9M1,391.1
LBankSNDKUSDTUSDT8h0.0088%+9.64%+32.95%$1.7M1,390.9
Crypto.comSNDKUSD-PERPUSD4h0.0096%+20.95%+4.13%$1.5M1,389.4
KrakenPF_SNDKUSDUSD1h0.0068%+59.47%-17.13%$847K1,389.1
CoinbaseSNDK-PERPUSDC1h0.0079%+69.20%+69.20%$01,784.2

SNDK cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Aster USD1Coinbase USDC+69.20%0.1896%+33.56%8h / 1h$0
Bybit USDTCoinbase USDC+69.20%0.1896%+46.97%8h / 1h$0
Gate USDTCoinbase USDC+69.20%0.1896%+67.09%8h / 1h$0
HTX USDTCoinbase USDC+69.20%0.1896%+55.13%8h / 1h$0
OKX USDTCoinbase USDC+69.20%0.1896%+42.76%8h / 1h$0
Lighter USDCCoinbase USDC+63.95%0.1752%+32.98%1h matched$0
MEXC USDCCoinbase USDC+59.90%0.1641%+36.58%8h / 1h$0
MEXC USDTCoinbase USDC+59.90%0.1641%+36.58%8h / 1h$0
LBank USDTCoinbase USDC+59.57%0.1632%+36.26%8h / 1h$0
Aster USD1Kraken USD+59.47%0.1629%-52.77%8h / 1h$847K
Bybit USDTKraken USD+59.47%0.1629%-39.36%8h / 1h$847K
Gate USDTKraken USD+59.47%0.1629%-19.24%8h / 1h$847K

Sandisk (Backpack Securities) project profile

Key facts
Total
1,305
Max supply
unlimited
Type
Token
Market cap rank
#2459
Tokenized AssetsSolana EcosystemTokenized StocksReal World Assets (RWA)Backpack Securities Ecosystem
Contract addresses
solanaSNDKbwMUQvZhnLnxLduradgLHG5KrPuKwpnrkkGRhfH
About

Sandisk (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, SNDK represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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