SAND Funding Rate — live across 11 venues
Compared across 11 supported venues · net of estimated fees · updated every few minutes
Live annualized SAND perpetual funding across all 11 venues Perpia tracks. Right now SAND funding is positive on 0 and negative on 11, ranging from -44.2% on Hyperliquid to -139.3% on Extended — a spread of 95.1%. The widest delta-neutral trade is long Extended / short BingX at 91.7% net APR.
SAND funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
SAND funding rate by venue
42 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid↗ | -44.2% | 1h |
| BingX↗ | -45.0% | 8h |
| Bybit↗ | -63.7% | 8h |
| OKX↗ | -101.9% | 8h |
| Bitget↗ | -106.4% | 8h |
| KuCoin↗ | -113.3% | 8h |
| Variational↗ | -124.2% | 8h |
| Binance↗ | -138.6% | 8h |
| Gate.io↗ | -138.7% | 8h |
| MEXC↗ | -138.8% | 8h |
| Extended↗ | -139.3% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Extended vs BingX page.
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SAND funding — FAQ
Is SAND funding positive right now?
SAND perpetual funding is positive on 0 of 11 venues Perpia tracks and negative on 11. The highest is -44.2% on Hyperliquid; the lowest is -139.3% on Extended.
What is the best SAND funding arbitrage right now?
Go long Extended and short BingX for about 91.7% net APR after fees — the widest delta-neutral SAND spread Perpia currently sees.
Which exchange has the highest SAND funding rate?
Hyperliquid, at -44.2% annualized. Funding shifts continuously, so check the live table above before trading.
How SAND funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to SAND
Markets also quoted on both BingX and Extended — the same two exchanges you would already have funded for the SAND trade.
See every spread between them on the BingX vs Extended page.