← radar
-0.020%per 4h · -0.005%/hlongs receive
last settlement-0.007%→upcoming payout-0.020%• unchanged
26:22settlement
0calmheat
Price (mark)
0.04235
-0.6% 24h
Vol 24h
$6.2M
Open interest
$2.7M
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
-0.009%/h
Price and skew
Liquidations
24h$34K
$34K longs$163 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · free in beta
Across 6 closed events of this pair: a typical one lives 8h, the peak usually lands at minute 107.5–112.5
median across 6 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 5 of 6 cases
median accrued 1.07%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.5 · $0.12/hour
- Net snipe per settlement
- $-3.5 = 0.020% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.12×needs 0.160%+ per settlement
- Liquidation price
- 0.034092 (−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 (12)
before cut-off · 5m · the snipe window (12)
avg+0.07% | -1.09%
max-4.78%
after · 5m
avg+0.84% | -0.61%
max+1.62%
before cut-off · 15m
avg+0.73% | -1.50%
max-4.17%
after · 15m
avg+1.27% | -1.09%
max+3.05%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 19.10 08:00 | -0.316% | -1.59% | -0.79% |
| 19.10 04:00 | -0.554% | -0.18% | +0.18% |
| 18.10 08:00 | -0.695% | -4.17% | +2.24% |
| 18.10 04:00 | -0.555% | -0.29% | -0.05% |
| 17.10 16:00 | -0.407% | -1.69% | +0.84% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 12 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 369 settlements
SAND on 8 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX ← you are here | -0.020% / 4h | -0.005%/h | longs | -0.140% |
| Bybit | -0.036% / 8h | -0.004%/h | longs | -0.124% |
| Bitget | -0.021% / 8h | -0.003%/h | longs | -0.139% |
| Binance | -0.019% / 8h | -0.002%/h | longs | -0.141% |
| Aster | -0.018% / 8h | -0.002%/h | longs | -0.142% |
| Hyperliquid | +0.001% / 1h | +0.001%/h | shorts | -0.159% |
| Bitunix | -0.007% / 8h | -0.001%/h | longs | -0.153% |
| Gate | -0.005% / 8h | -0.001%/h | longs | -0.155% |
OKX← you are here-0.005%/h
longsrate -0.020% / 4hsnipe -0.140%
Bybit-0.004%/h
longsrate -0.036% / 8hsnipe -0.124%
Bitget-0.003%/h
longsrate -0.021% / 8hsnipe -0.139%
Binance-0.002%/h
longsrate -0.019% / 8hsnipe -0.141%
Aster-0.002%/h
longsrate -0.018% / 8hsnipe -0.142%
Hyperliquid+0.001%/h
shortsrate +0.001% / 1hsnipe -0.159%
Bitunix-0.001%/h
longsrate -0.007% / 8hsnipe -0.153%
Gate-0.001%/h
longsrate -0.005% / 8hsnipe -0.155%
Max spread across exchanges: +0.006%/h
SAND across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
7 exchanges on one timeline
Bybitevery 8hHyperliquidevery 1hGateevery 8hBitgetevery 8hBinanceevery 8hBitunixevery 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
0.0035%/h
widest spread
0.0132%/h
05.11 02:00 UTC · Bitunix ↔ 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 long 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 long 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.