SANDUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-07-30 12:26:48 UTC

SANDUSDT is a USDT-margined perpetual on Binance, marked at 0.04124 USDT inside a 24-hour band of 0.04017–0.04178 (0.39%). Open interest is 119,742,153 SAND, about 4.94M USDT in live exposure, against 5.41M USDT traded in 24 hours. Funding settles every 8 hours at 0.0052%, 0.000002133 USDT per SAND held.

Mark price	0.04124 USDT
24h range	0.04017 – 0.04178 USDT
24h change	0.39%
24h volume	5.41M USDT
Open interest	119,742,153 SAND
Open interest value	4.94M USDT
Funding rate	0.0052% / 8h
Minimum order	5 USDT ≈ 121.231577 SAND
Quantity step	1 SAND ≈ 0.04124 USDT
Price tick	0.00001 USDT (0.02425% of mark)

At 0.0052% the long pays the short: a 10,000 USDT position moves 0.5171 USDT every 8 hours, 1.551 USDT a day, 5.66% a year.
Daily turnover runs 1.10× the 4.94M USDT sitting in open positions.
Bybit caps this contract at 50×, so initial margin starts near 2.00% of notional — 0.0008249 USDT per SAND.
Binance caps each settlement at ±2.00% — at most 0.0008249 USDT per SAND, 2,190% annualised.

Annualised funding, each venue on its own 8/8/8/1-hour cycle: Binance 5.66% · Bybit 10.95% · OKX -7.51% · Hyperliquid -7.20%. The gap is 18.46 points — OKX is the cheapest venue to hold a long here, Bybit the dearest.

SANDUSDT questions

What is the smallest SANDUSDT position?

Binance requires 5 USDT of notional, which at 0.04124 USDT is 121.231577 SAND; size then moves in steps of 1 SAND.

How often does SANDUSDT funding settle?

Every 8 hours. The current rate is 0.0052% — 0.000002133 USDT per SAND per settlement, 5.66% a year if it holds.

How liquid is SANDUSDT right now?

Open interest is 119,742,153 SAND (4.94M USDT) with 5.41M USDT changing hands over 24 hours.

What leverage is available on SANDUSDT?

Bybit allows up to 50×, putting initial margin around 2.00% of position value — 0.0008249 USDT per SAND at the current mark.

Run your own rules on SANDUSDT