The Sandbox (SAND) — Funding Rates
Perpetual futures funding rates across exchanges
The Sandbox (SAND) perpetual futures currently show funding across 19 markets, averaging 0.0023% per interval. The highest rate is 0.0260%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
19
Highest Rate
0.0260%
Lowest Rate
-0.1244%
Total Perp Markets
19
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | SAND/USDT | +0.0100% | +0.0% | 8000h | $0.04 | $118.52M |
| Binance | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $13.26M |
| Bybit | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $3.88M |
| Bingx | SAND/USDT | +0.0100% | +0.0% | 8000h | $0.04 | $2.41M |
| MEXC | SAND/USDT | -0.1244% | -0.1% | 8000h | $0.04 | $1.26M |
| Whitebit | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $1.15M |
| Digifinex | SAND/USDT | +0.0260% | +0.0% | 8000h · 4:00:00 PM | $0.04 | $956.34K |
| Bitget | SAND/USDT | +0.0100% | +0.0% | 8000h | $0.04 | $707.95K |
| Kucoin | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $624.95K |
| Gate | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $610.13K |
| Bitunix | SAND/USDT | +0.0000% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $539.91K |
| Hyperliquid | SAND/USDC | -0.0002% | -0.0% | 8000h | $0.04 | $497.26K |
| Blofin | SAND/USDT | +0.0220% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $372.06K |
| Btse | SAND/USD | +0.0100% | +0.0% | 8000h | $0.04 | $352.74K |
| Deepcoin | SAND/USDT | +0.0000% | +0.0% | 8000h | $0.04 | $219.95K |
| Xt | SAND/USDT | +0.0100% | +0.0% | 8000h | $0.04 | $122.73K |
| Coinex | SAND/USDT | +0.0000% | +0.0% | 8000h · 8:00:00 AM | $0.04 | $85.13K |
| Pionex | SAND/USDT | +0.0100% | +0.0% | 8000h · 12:00:00 AM | $0.04 | $65.09K |
| Aster | SAND/USDT | +0.0100% | +0.1% | 1000h · 12:00:00 AM | $0.04 | $3.55K |
The Sandbox Funding Rate FAQ
What is the SAND funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on SAND perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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