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SAND — funding rate on Bybit
Bybit · SANDUSDT+0.002%per 8h · 0.000%/hshorts receive
last settlement+0.006%→upcoming payout+0.002%• unchanged
5:39:14settlement
0calmheat
Price (mark)
0.04243
+1.9% 24h
Vol 24h
$5.4M
Open interest
$3.7M
Price move in 2 min
—
avg 7d
-0.000%/h
avg 30d
-0.005%/h
Price and skew
Event life curvePRO · open for now
Across 20 closed events of this pair: a typical one lives 56m, the peak usually lands within the first 5 min
median across 20 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 9 of 20 cases
median — 0.01% accrued against a 0.08% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.05 · $0.01/hour
- Net snipe per settlement
- $-3.95 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 0.050704 (+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 (30)
before cut-off · 5m · the snipe window (30)
avg+0.82% | -0.68%
max-4.73%
after · 5m
avg+0.53% | -0.63%
max+2.10%
before cut-off · 15m
avg+0.79% | -1.00%
max-4.98%
after · 15m
avg+0.79% | -1.05%
max-3.01%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 19.10 05:00 | -0.177% | -1.00% | -1.51% |
| 19.10 04:00 | -0.330% | -0.03% | +0.21% |
| 19.10 03:00 | -0.240% | -0.65% | +1.38% |
| 19.10 02:00 | -0.289% | 0.00% | +0.15% |
| 19.10 01:00 | -0.142% | +0.58% | +0.94% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 30 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 440 settlements
SAND on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitget | +0.010% / 8h | +0.001%/h | shorts | -0.150% |
| OKX | +0.004% / 4h | +0.001%/h | shorts | -0.156% |
| Binance | +0.007% / 8h | +0.001%/h | shorts | -0.153% |
| Bybit ← you are here | +0.002% / 8h | 0.000%/h | shorts | -0.158% |
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitget+0.001%/h
shortsrate +0.010% / 8hsnipe -0.150%
OKX+0.001%/h
shortsrate +0.004% / 4hsnipe -0.156%
Binance+0.001%/h
shortsrate +0.007% / 8hsnipe -0.153%
Bybit← you are here0.000%/h
shortsrate +0.002% / 8hsnipe -0.158%
Max spread across exchanges: +0.001%/h
SAND across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Hyperliquidevery 1hBitgetevery 8hBinanceevery 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.