SAND Funding Rate — live across 12 venues
Perpetual funding · compared across 12 venues · net of estimated fees · updated every few minutesLive annualized SAND perpetual funding across all 12 venues Perpia tracks. Right now SAND funding is positive on 2 and negative on 10, ranging from +10.9% on Bybit to -233.7% on Variational — a spread of 244.7%. The widest delta-neutral trade is long Variational / short Bybit at 241.3% 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.
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Build a route
any two of the 12 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 12 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Bybit↗short | +10.9% | every 1h | |
| BingX↗ | +1.3% | every 8h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Hyperliquid↗ | −112.3% | every 1h | |
| Gate.io↗ | −167.8% | every 8h | |
| KuCoin↗ | −171.1% | every 8h | |
| Aster↗ | −177.1% | every 8h | |
| Bitget↗ | −180.6% | every 8h | |
| MEXC↗ | −193.4% | every 8h | |
| Binance↗ | −193.4% | every 8h | |
| Extended↗ | −194.5% | every 1h | |
| OKX↗ | −204.6% | every 4h | |
| Variational↗long | −233.7% | every 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 Variational vs Bybit page. 60 pairs scanned for SAND.
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SAND — FAQ
Is SAND funding positive right now?
SAND perpetual funding is positive on 2 of 12 venues Perpia tracks and negative on 10. The highest is +10.9% on Bybit; the lowest is -233.7% on Variational.
What is the best SAND funding arbitrage right now?
Go long Variational and short Bybit for about 241.3% net APR after fees — the widest delta-neutral SAND spread Perpia currently sees.
Which exchange has the highest SAND funding rate?
Bybit, at +10.9% 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
also quoted on both Bybit and VariationalThe same two exchanges you would already have funded for the SAND trade. Every spread between them is on the Bybit vs Variational page.