SAND Perpetual on Hyperliquid
4% fee discount with referral code HYPERLAB
SAND Perpetual on Hyperliquid — price $0.04783 (+0.25% 24h), funding -0.0000%/1h, open interest $982.0K, 24h volume $250.5K. Annualized funding -0.1%. Source: Hyperliquid official · as of 2026-10-28 05:00 UTC
- Trading status
- Live
- Max leverage
- 5×
- Funding settlement
- Hourly (1h)
- Trading hours
- 24/7/365 (no market open or close)
- Daily history since
- 2023-01-01
Contract spec from operator documentation · snapshot as of 2026-10-28 05:00 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/sand-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
The Sandbox is a voxel-based virtual world where users can buy parcels of virtual LAND, then build games, experiences, and social spaces on that land using the platform's own creation tools, positioning itself as a user-generated-content metaverse rather than a single centrally designed game. SAND is the platform's native token, used for in-world purchases, staking, and governance decisions made through its associated DAO, which votes on platform development priorities and ecosystem fund allocation. Because The Sandbox's relevance depends on sustained user engagement and brand partnerships bringing recognizable IP into the platform, SAND's price can react to major partnership announcements and broader metaverse-sector sentiment, a narrative that peaked sharply in 2021-2022 and has since settled into a quieter, more gradual-adoption phase. Hyperliquid rates this market toward the top of its leverage scale, reflecting SAND's multi-year trading history. Funding on SAND-USD tends to move with metaverse and gaming-sector sentiment broadly.
How is leverage set for the SAND market?
Hyperliquid's tiering puts SAND at 5x leverage.
What is The Sandbox platform built around?
It's a voxel-based virtual world where users buy LAND parcels and build games and experiences using the platform's own creation tools, functioning as a user-generated-content metaverse.
Is the metaverse narrative around SAND still as strong as 2021-2022?
It's settled into a quieter, more gradual-adoption phase since that period's sharp peak, though brand partnerships and platform updates can still meaningfully move sentiment around SAND.
What is the SAND Perpetual funding rate on Hyperliquid?
As of the latest snapshot, SAND Perpetual funding is -0.0000%/1h (≈ -0.1% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 05:00 UTC.
What are SAND Perpetual's 24h volume and open interest?
SAND Perpetual currently has $250.5K in 24h volume and $982.0K in open interest. As of 2026-10-28 05:00 UTC.
What is SAND Perpetual's all-time high on Hyperliquid?
SAND Perpetual's all-time high is $1.067 on 2024-12-04; the all-time low is $0.03220 on 2026-09-15. The 52-week range is $0.03220–$0.22296. As of 2026-10-28 05:00 UTC.
How can I trade SAND Perpetual on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the SAND Perpetual market. Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 5× on this market), so positions can be liquidated — size positions conservatively.