Quantority
The Sandbox SAND · perps
Price · 1h
SAND across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Binance | +6.06% | $4.79M | 65% |
B Bitget | -2.85% | $1.47M | 20% |
O OKX | +10.95% | $1.14M | 15% |
Funding annualized per venue interval; open interest is the latest reading per exchange. No fresh per-venue reading from Bybit right now — the cross-exchange totals above still include every venue's last data.
Interpretation
SAND's perpetual futures market shows subdued positioning with modest directional tilt. Open interest sits at $7.4M, having declined 6.3% over the past week despite a +3.0% rebound in the last 24 hours. The aggregated funding rate of 4.08% APR indicates longs hold a modest premium, though the funding percentile of 44 places this squarely in the middle of SAND's recent 90-day range—neither stretched nor depressed relative to its own history.
Liquidation dynamics over the past day reveal a -1.00 imbalance, meaning short positions absorbed all liquidations with no long liquidations recorded. This skew suggests shorts faced acute pressure as price moved against their positions. The leverage risk score of 4 reflects minimal fragility in the derivatives stack; positioning remains light and stable, with no sign of excessive crowding or precarious leverage configurations. Together, these metrics paint a picture of low systemic stress and casual retail or small institutional engagement rather than concentrated betting.