Daily close and perpetual volume across tracked exchanges
The Sandbox is a blockchain game world where players and creators build, own and monetise experiences on plots of virtual land sold as NFTs. SAND is the in-game currency used for land, avatars and assets, and it also carries governance and staking roles. Perps on SAND let traders take leveraged positions on the metaverse and gaming theme, which tends to move in waves, or short it during quiet stretches.
Gaming-sector sentiment and Sandbox news, such as new seasons, brand partnerships and land sales, are the usual catalysts. Token unlocks have historically added supply, so funding and open interest often shift around them. Binance carries the most volume, followed by OKX and Bybit. Volume often runs well above open interest, a sign of active short-term trading. The open interest page lets you compare that ratio with other tokens.
SAND funding rates SAND open interest SAND liquidations SAND long/short ratio
Every tracked SAND perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked SAND perpetual markets · updated
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The Sandbox is a virtual world where users buy LAND parcels as NFTs, build games and experiences with free creation tools, and trade digital items. SAND is its utility token, used to pay for assets and to vote on platform decisions. The project is owned by Animoca Brands, a major investor in blockchain gaming.
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LAND is a fixed set of NFT parcels that make up The Sandbox map. Owners can build on their parcels, rent them out or sell them. Primary LAND sales are priced in SAND, and parcels also trade on NFT marketplaces, so land sales and floor prices are one gauge of activity in the game.
Usually, yes. SAND tends to trade alongside MANA and other gaming tokens because the same narrative drives them all. Sector rotations into or out of gaming can move these tokens together, though Sandbox-specific news such as partnerships or unlocks can open gaps between them.
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SAND started as an ERC-20 token on Ethereum and is also available on Polygon, where transaction costs are lower. Perps on SAND settle in stablecoins, so traders do not need to hold the token or use either chain to take a long or short position.
SAND perpetual futures are derivatives contracts that track the price of SAND and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any SAND.
Funding is a payment between longs and shorts. When SAND perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology