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SAND — funding rate on Binance
Binance · SANDUSDT+0.005%per 8h · +0.001%/hshorts receive
last settlement+0.010%→upcoming payout+0.005%• unchanged
5:23:17settlement
0calmheat
Price (mark)
0.04248
+1.7% 24h
Vol 24h
$14.0M
Open interest
—
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
-0.008%/h
Price and skew
Liquidations
24h$12K
$270 longs$12K shorts
Shorts were wiped — 98% of the total. $203 over the last hour.
Event life curvePRO · open for now
Across 4 closed events of this pair: a typical one lives 8h 33m, the peak usually lands at minute 140–145
median across 4 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 4 cases
median — 1.10% accrued against a 2.17% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.13 · $0.02/hour
- Net snipe per settlement
- $-3.87 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.050764 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (4)
before cut-off · 5m · the snipe window (4)
avg-0.69%
max-2.19%
after · 5m
avg-1.53%
max-3.26%
before cut-off · 15m
avg+0.61% | -1.11%
max-1.79%
after · 15m
avg-1.76%
max-3.21%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 19.10 08:00 | -0.703% | -1.79% | -0.88% |
| 18.10 08:00 | -1.129% | +0.56% | -2.56% |
| 03.10 08:00 | -0.485% | +0.66% | -3.21% |
| 02.10 16:00 | -0.873% | -0.43% | -0.39% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 4 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 273 settlements
SAND on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| OKX | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.008% / 8h | +0.001%/h | shorts | -0.152% |
| Bybit | +0.006% / 8h | +0.001%/h | shorts | -0.154% |
| Binance ← you are here | +0.005% / 8h | +0.001%/h | shorts | -0.155% |
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
OKX+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.008% / 8hsnipe -0.152%
Bybit+0.001%/h
shortsrate +0.006% / 8hsnipe -0.154%
Binance← you are here+0.001%/h
shortsrate +0.005% / 8hsnipe -0.155%
Max spread across exchanges: +0.001%/h
SAND across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Binanceevery 8hHyperliquidevery 1hBitgetevery 8hBybitevery 8hOKXevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0034%/h
widest spread
0.0131%/h
05.11 02:00 UTC · Binance ↔ Hyperliquid
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.