Sandisk (Backpack Securities) Funding Rate (SNDK)
Compare Sandisk (Backpack Securities) perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute
Sandisk (Backpack Securities) current price: $1,591
SNDK Funding Rate by Exchange
Next settlement --:--:--| # | Exchange | Funding Rate | APR | Settlement Interval | Next Settlement | Open Interest |
|---|---|---|---|---|---|---|
| 1 | Gatehighest | +0.0100% | +10.95% | 8h | 00:00 UTC | $170.0M |
| 2 | WhiteBIT | +0.0100% | +10.95% | 8h | 00:00 UTC | $81.0M |
| 3 | Bitget | +0.0000% | +0.00% | 8h | — | $45.8M |
| 4 | Bybit | +0.0000% | +0.00% | 8h | 00:00 UTC | $34.7M |
| 5 | KuCoin | +0.0100% | +10.95% | 8h | 00:00 UTC | $13.7M |
| 6 | Lighter | +0.0032% | +28.03% | 1h | — | $2.5M |
| 7 | Aster | +0.0000% | +0.00% | 8h | 00:00 UTC | $1.5M |
| 8 | Coinbase | -0.0023% | -20.15% | 1h | — | $0.9M |
| 9 | Crypto.com | -0.0056% | — | — | — | $0.3M |
| 10 | Paradex | +0.0018% | +1.95% | 8h | — | $0.0M |
| 11 | Binance | +0.0000% | +0.00% | 8h | 00:00 UTC | — |
| 12 | HTX | +0.0000% | +0.00% | 8h | 00:00 UTC | — |
| 13 | Bitunix | -0.0040% | -4.37% | 8h | 00:00 UTC | — |
| 14 | LBank | +0.0000% | — | — | 00:00 UTC | — |
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0016%
OI-Weighted Rate
+0.0076%
Volume-Weighted Rate
+0.0025%
SNDK Funding Rate History
SNDK Cumulative Funding Cost
Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.
| Exchange | 1D | 7D | 30D | 90D |
|---|---|---|---|---|
| Bitget | +0.0000% | -0.1701% | +0.2797% | +2.9864% |
| Gate | +0.0300% | -0.2269% | +0.2256% | +2.2534% |
| Bybit | +0.0000% | -0.3211% | -0.2127% | +1.4905% |
| Binance | +0.0000% | -0.2815% | +0.1881% | +3.0677% |
| OKX | +0.0000% | -0.3121% | +0.1397% | +3.1983% |
| HTX | +0.0000% | -0.2164% | -0.0764% | +1.0736% |
About Sandisk (Backpack Securities) Funding Rate
What is the SNDK funding rate?
The SNDK funding rate is a periodic payment between long and short traders on Sandisk (Backpack Securities) perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged SNDK perpetual position.
What does a positive or negative SNDK funding rate mean?
A persistently positive SNDK funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.
What is the current SNDK funding rate?
As of now, the SNDK funding rate averages 0.0016% across 14 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.
Which exchange has the highest SNDK funding rate?
Right now gate shows the highest (or most extreme) SNDK funding rate among tracked exchanges, at 0.0100%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.
More Coin Funding Rates
View full funding rate matrix ›BTCETHSOLXRPBNBDOGEHYPEZECOKBSKLADALINKAVAXXLMBCHUNIAAVESUINEARARBENAWLDBLURYFIHOTKAITOTRXXMRCCGRAMLTCHBARXAUTTAOWLFIPAXGASTERDEXEONDODOTSKYMORPHOICPETCPIJSTBEATPOLATOMRENDER
View full funding rate matrix › (+239)
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