SanDisk (SNDK) Perp on Hyperliquid (HIP-3)
SanDisk (SNDK) perpetual futures on Hyperliquid's HIP-3 dexes (US stocks): live mark vs oracle, hourly funding, open interest against the deployer's cap, and volume spikes.
SNDK trades on 2 HIP-3 dexes; on trade.xyz the mark is 964.52 against an oracle of 964.28, a basis of +2.5 bps. Funding is 0.00064% per hour (5.6% APR), so longs pay shorts. Open interest is $71.67M, with trade.xyz at 28% of its $500.00M cap, and $244.04M traded in 24 hours. On Bybit the SNDKUSDT perp funds at 0.00000% per hour (0.0% APR).
Market health
no active flags- ✓No flagsAvailable data: No SNDK market is more than 1% from its oracle while the underlying is closed, and none is at 90% or more of its open interest cap. Unreported oracle and cap values are shown as —.
Funding configuration
trade.xyzFunding multiplier ×0.5. trade.xyz applies a funding multiplier of ×0.5 to xyz:SNDK, scaling the rate Hyperliquid's funding formula would otherwise give.
SNDK perp markets on Hyperliquid
US stocks · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | Funding × | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:SNDKgrowth | 964.52 | 964.28 | +2.5 bps | +7.55% | 0.00064% | 5.6% | ×0.5 | $69.58M | $500.00M | 28% | $225.41M | 10× | Trade |
| EntropyIO io:SNDKgrowth | 960.72 | 962.97 | -23.4 bps | +7.04% | 0.00189% | 16.5% | ×0.5 | $2.09M | $35.00M | 12% | $18.63M | 15× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle; while the US market is closed the oracle is maintained by the deployer, not a live exchange price. Trade links go to the exchange and may be referral links.
SNDK perps elsewhere
same ticker on other venuesSNDK contract history
History for xyz:SNDK only. Funding shows quoted rate history, not settled payments: Hyperliquid settles hourly; the chart uses normalized 8h rates (hourly × 8), displayed as percentages. Gaps are not recorded data.
Open interest history
xyz:SNDKLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Quoted funding rate history
Normalized 8h · hourly × 8Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
xyz:SNDK observed funding: last seven completed UTC days
| UTC date | Mean quoted /h | 8h equivalent | Observed hours |
|---|---|---|---|
| 0.00158% | 0.0127% | 24/24 | |
| 0.00078% | 0.0062% | 24/24 | |
| -0.00158% | -0.0127% | 24/24 | |
| -0.00043% | -0.0035% | 24/24 | |
| 0.00072% | 0.0057% | 24/24 | |
| 0.00339% | 0.0271% | 24/24 | |
| 0.00247% | 0.0198% | 24/24 |
Only xyz:SNDK: means of recorded hourly quoted funding, not settled payments or realised returns. Hourly means divide the normalized 8h quotes by eight. Coverage counts observed hours out of 24; missing hours are excluded, not treated as zero. Missing dates remain unavailable. The current UTC day is excluded. Annualised projections assume a rate continues and are not historical earnings.
SNDK volume spikes
SNDK across exchanges →| When | Dex | Side | $ in 1m | × normal | +5m | +15m | +1h |
|---|---|---|---|---|---|---|---|
| 10m ago | io:SNDK | BUY | $182K | 10.8× | +1.01% | — | — |
| 13m ago | xyz:SNDK | SELL | $631K | 6.9× | +0.28% | — | — |
| 17m ago | io:SNDK | BUY | $246K | 31.1× | -0.42% | +0.76% | — |
| 18m ago | xyz:SNDK | BUY | $1.44M | 22.9× | -0.69% | +0.62% | — |
| 18m ago | io:SNDK | BUY | $108K | 14.2× | -0.84% | +0.36% | — |
| 21m ago | xyz:SNDK | MIXED | $550K | 9.6× | +0.68% | +0.91% | — |
| 26m ago | io:SNDK | SELL | $101K | 13.9× | +1.83% | +2.35% | — |
| 27m ago | xyz:SNDK | MIXED | $1.76M | 35.8× | +1.88% | +3.12% | — |
| 31m ago | io:SNDK | BUY | $145K | 20.7× | -1.40% | +0.72% | — |
| 32m ago | xyz:SNDK | MIXED | $2.70M | 56.6× | -1.17% | +2.36% | — |
| 35m ago | xyz:SNDK | SELL | $701K | 14.9× | +1.25% | +1.72% | — |
| 39m ago | xyz:SNDK | SELL | $201K | 4.2× | -0.35% | +1.11% | — |
| 60m ago | xyz:SNDK | SELL | $611K | 7.9× | -0.05% | +0.14% | — |
| 2h ago | xyz:SNDK | SELL | $1.02M | 20.3× | +0.15% | +0.65% | +0.89% |
| 2h ago | xyz:SNDK | MIXED | $229K | 4.6× | +0.27% | +0.61% | +0.73% |
| 2h ago | xyz:SNDK | SELL | $305K | 5.8× | -0.12% | -0.35% | -0.16% |
| 3h ago | xyz:SNDK | SELL | $231K | 5.1× | +0.01% | +0.16% | -1.04% |
| 3h ago | xyz:SNDK | SELL | $312K | 7.1× | +0.37% | +0.49% | +0.07% |
Newest first, up to 30. The +5m / +15m / +1h columns show what price did afterwards; they describe the past, not a prediction.
SNDK perp FAQ
What is the SNDK price on Hyperliquid?
The SNDK perp mark is 964.52 on trade.xyz, against an oracle of 964.28. The perp mark is not the exchange-listed underlying price: it is the price of the perpetual contract, and can differ from the underlying. Missing values appear as a dash.
What is the SNDK funding rate on Hyperliquid?
0.00064% per hour on trade.xyz right now (5.6% APR), so longs pay shorts. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (0.0051% per 8h).
How closely does the SNDK perp track the underlying?
The trade.xyz mark is 964.52 against an oracle of 964.28, a basis of +2.5 bps. Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source).
Can I trade SNDK when the US market is closed?
Yes. The perp trades 24/7 on Hyperliquid, but the US session runs 09:30 to 16:00 New York time on trading days; outside it the oracle is set by the deployer and prices can gap at the open. Status now: US market open.