SANDUSDT perpetual

Contract data read from Binance, Bybit, OKX and Hyperliquid public endpoints · 2026-10-03 21:16:58 UTC

SANDUSDT is a USDT-margined perpetual on Binance, marked at 0.07588 USDT inside a 24-hour band of 0.06085–0.08391 (21.83%). Open interest is 438,114,323 SAND, about 33.24M USDT in live exposure, against 1.10B USDT traded in 24 hours. Funding settles every 8 hours at -0.5688%, 0.0004316 USDT per SAND held.

Mark price	0.07588 USDT
24h range	0.06085 – 0.08391 USDT
24h change	21.83%
24h volume	1.10B USDT
Open interest	438,114,323 SAND
Open interest value	33.24M USDT
Funding rate	-0.5688% / 8h
Minimum order	5 USDT ≈ 65.893516 SAND
Quantity step	1 SAND ≈ 0.07588 USDT
Price tick	0.00001 USDT (0.01318% of mark)

At -0.5688% the short pays the long: a 10,000 USDT position moves 56.8830 USDT every 8 hours, 170.649 USDT a day, 622.87% a year.
Daily turnover runs 33.17× the 33.24M USDT sitting in open positions.
Bybit caps this contract at 75×, so initial margin starts near 1.33% of notional — 0.001012 USDT per SAND.
Binance caps each settlement at ±2.00% — at most 0.001518 USDT per SAND, 2,190% annualised.
Hyperliquid shows 201,317,400 SAND of open interest here, 0.46× Binance's 438,114,323 SAND.

Annualised funding, each venue on its own 8/1/4/1-hour cycle: Binance -622.87% · Bybit -1,064.38% · OKX -677.65% · Hyperliquid -908.95%. The gap is 441.51 points — Bybit is the cheapest venue to hold a long here, Binance the dearest.

FAQ

SANDUSDT questions

Binance requires 5 USDT of notional, which at 0.07588 USDT is 65.893516 SAND; size then moves in steps of 1 SAND.

Every 8 hours. The current rate is -0.5688% — 0.0004316 USDT per SAND per settlement, 622.87% a year if it holds.

Open interest is 438,114,323 SAND (33.24M USDT) with 1.10B USDT changing hands over 24 hours.

Bybit allows up to 75×, putting initial margin around 1.33% of position value — 0.001012 USDT per SAND at the current mark.

Run your own rules on SANDUSDT