SAND/USDT
Last updated: 11/2/2026, 4:17:00 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Exactly one of the ~500 Hyperliquid accounts we track holds SAND: $239.4K long across 1 position. That is a single address, not the venue — everyone else's book is out of view. Hyperliquid publishes no liquidation price for it — cross-margin, where the level depends on the whole account — so no forced-exit price is visible around the $0.04538 mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $0.04642 | $0.04639 | $0.04642 |
| OI (USD) | $7.78M | $4.22M | $3.81M |
| OI share | 49.2% | 26.7% | 24.1% |
| OI (tokens) | 167,685,248 | 91,054,572 | 82,057,047 |
| Funding rate | -0.0034% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
SAND sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way SAND's does:
Stress score (0–1) and 24h price change, from the same daily sync as this page.
SAND perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are SAND's current liquidation levels?
Across the exchanges we aggregate, $7.6K of SAND positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for SANDUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does SAND have right now?
Aggregated open interest in SAND perpetuals is $15.82M: $7.78M on Binance (49%), $4.22M on Bybit (27%) and $3.81M on KuCoin (24%). That position base is -0.9% over 24 hours and -35.1% over the last week. Open interest is 1.78× the pair's 24-hour volume, so positions are being held rather than churned.
What is SAND's funding rate?
Binance settles SANDUSDT funding at -0.0034% every 8 hours, which annualises to roughly -3.7%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $1.03 a day to stay open.
Are whales long or short SAND?
We can only answer for the ~500 largest Hyperliquid accounts we track, and exactly one of them holds SAND: $239.4K long. One address is a data point, not a verdict — the rest of the venue is not visible to us. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and SAND is one of them.
Is SAND over-leveraged right now?
SAND's leverage-stress score is 0.033 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($137.24M of market cap against $15.82M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($7.6K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has SAND seen heavy liquidations lately?
Over the last 30 complete days, 57% of the SAND notional that got liquidated was long positions and 43% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 8th percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
SAND/USDT (SANDUSDT) perpetual futures shows a leverage-stress score of 0.033 out of 1.0 (low risk), $15.82M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0034% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.