SAND funding rate

Live The Sandbox perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.030%Bybit

Lowest (24h)-0.239%Gate

Average (24h)-0.099%across 10 venues

Funding gap (24h)+0.269%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

BybitCEX · SANDUSDT+0.0013%1h—+0.030%+10.9%$0.0654-0.046%$54.00M

AsterPerp DEX · SANDUSDT+0.0100%8h—+0.030%+10.9%$0.0654-0.067%—

VariationalCEX · SAND+0.0012%1h—+0.030%+10.9%$0.0658—$459.7K

KuCoinCEX · SANDUSDTM-0.0153%8h—-0.046%-16.8%$0.0654-0.138%$1.79M

OKXCEX · SAND-USDT-SWAP-0.0223%4h—-0.134%-48.9%$0.0653—$98.86M

MEXCCEX · SAND_USDT-0.0488%8h—-0.146%-53.4%$0.0653-0.153%$23.87M

BinanceCEX · SANDUSDT-0.0490%8h—-0.147%-53.6%$0.0653-0.181%—

HyperliquidPerp DEX · SAND-0.0063%1h00:49:22-0.151%-55.2%$0.0653-0.150%$5.61M

BitgetCEX · SANDUSDT-0.0726%8h—-0.218%-79.5%$0.0653-0.193%$10.87M

GateCEX · SAND_USDT-0.0797%8h—-0.239%-87.3%$0.0653-0.160%$180.50M

SAND funding rate explained

Right now The Sandbox (SAND) perpetual futures trade on 10 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on Gate at -0.239%. The average across all venues is -0.099% per day, or about -36.2% a year. Negative funding means SAND shorts are paying longs — the market is leaning short.

The gap between the highest and lowest venue is +0.269% per day. A delta-neutral position that shorts SAND on Bybit and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SAND arbitrage board for the price side of the trade.

Settlement intervals differ: SAND funding is paid every 1 hour, 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the SAND funding rate today?

The average SAND funding rate across 10 exchanges is -0.099% per 24 hours. It ranges from -0.239% on Gate to +0.030% on Bybit. Rates update every few seconds on this page.

Which exchange has the highest SAND funding rate?

Bybit currently has the highest SAND funding at +0.030% per day, and Gate the lowest at -0.239%.

How often is SAND funding paid?

SAND perpetuals settle funding every 1 hour, 4 hours and 8 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is SAND funding positive or negative?

On average it is negative (-0.099% per day): shorts pay longs.