SanDisk (SNDK)
Perp: SNDK on INTX · Hedge: SNDK (Stock)
Funding (ann.)
+10.5%
Basis
+0.47%
Open interest
$1,100,600
Status
delayed
Research note: funding below research threshold
Funding rate — annualized, 1742 settlement snapshots
Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:45:20+00:00
Basis — (perp mark − hedge) / hedge
Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:45:20+00:00
Open interest — historical liquidity
Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:45:20+00:00
Persistence
14% of snapshots over the trailing 168h met the research condition: FR >= 20% APR, 7-day window.
Relevant paper trades
| Opened | Direction | Status | Net P&L | All-in P&L | Close reason |
|---|---|---|---|---|---|
| 2026-09-14 13:36 UTC | short_hl_long_ib | open | -$10.51 | — | — |
| 2026-09-11 16:35 UTC | short_hl_long_ib | closed | -$685.83 | -$524.30 | emergency FR=-53% |
| 2026-08-31 13:36 UTC | short_hl_long_ib | closed | +$15.88 | -$109.30 | emergency FR=-60% |
| 2026-08-27 13:30 UTC | short_hl_long_ib | closed | +$10.97 | +$58.96 | emergency FR=-56% |
| 2026-07-20 13:39 UTC | short_hl_long_ib | closed | -$392.43 | — | neg_FR_grace 8.0h |
| 2026-07-16 16:17 UTC | short_hl_long_ib | closed | +$424.72 | — | emergency FR=-61% |
| 2026-06-24 14:01 UTC | short_hl_long_ib | closed | -$397.53 | — | emergency FR=-53% |
Known limitations
- The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
- Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.