Steem Dollars (SBD) — price, funding and open interest
SBD/USDT perpetual on HTX: price 0.6021, 24h turnover $709K. Updated in real time.
What this is
StablecoinSteem Dollars is the stablecoin of the old Steem social network, meant to be a dollar but built unusually: it is backed not by a reserve but by the network's promise to issue a dollar's worth of STEEM at the current rate. Such a peg works while the network itself is worth something and breaks easily in a decline — which is why SBD has for years traded both above and well below a dollar. What this shows: the word «stablecoin» does not imply one design, and the first thing to check is what backs the peg. Here it trades on BingX spot.
Chart
Chart built from data of HTX
SBD unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
SBD trades at 0.6021. Over 365 days it ranged between 0.3300 and 0.8027; the price now sits in the middle of that range — 58% of the way from the yearly low to the high.
All-time high is 5.7814 (May 2024); the price is 90% below it now.
The daily range is 6.2% and five-minute NATR is 0.41%. That range is at percentile 10 for the year — a noticeably calmer day than usual.
24-hour turnover is $709K — percentile 23 for the year: a normal level of activity for it.
There is only one venue — HTX — and no second price source: if it drifted from the market, there would be nothing to notice it by.
NATR is 0.01% on the minute and 2.44% on the hour — the move is choppy: within an hour price travels far and comes back.
SBD correlation with Bitcoin over 24 hours is 0.22 — it goes its own way, barely looking at Bitcoin.
Over the day -0.97%, over the hour -0.21%, over the last five minutes -0.02% — the pace is steady.
By turnover it ranks 1070 of 2043 instruments in the screener.
By daily range it ranks 536 of 2043.
Built from current numbers and the coin's own year of history. Updates with the data.
How SBD behaved before
Tracked since May 2024 — 29 full months, and falling ones prevail: 17 of 29. Median month -2.6%.
Best month — May 2024: +252.7%. Worst — December 2024: -58.7%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now SBD is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — stablecoin. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.