Question 1

Which exchange has the highest SAND funding rate right now?

Accepted Answer

BloFin shows the highest SAND funding at +12.92% annualized. A high positive rate means shorts get paid, so this is the venue to short SAND when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long SAND for funding?

Accepted Answer

Crypto.com has the lowest SAND funding at -105.64% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best SAND funding-arbitrage pair?

Accepted Answer

The widest spread is long Crypto.com / short BloFin at about 118.6% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SAND funding settle?

Accepted Answer

SAND funding settles on different schedules by venue (1h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is SAND funding positive or negative?

Accepted Answer

SAND funding is mixed across venues, ranging -105.64% to +12.92% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current SAND perpetual swap funding rate?

Accepted Answer

The current SAND perpetual swap funding rate ranges from -105.64% to +12.92% annualized depending on the exchange — Crypto.com is lowest and BloFin is highest right now. There is no single SAND funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated SAND funding rate across exchanges?

Accepted Answer

Aggregated across the 23 venues ORBIT tracks, SAND funding currently spans -105.64% to +12.92% APR, a spread of 118.6 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the SAND 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle SAND every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BloFinBest Short	+12.92%	8h	$350K	$0.0428
Extended	+11.40%	1h	$4K	$0.0428
Binance Futures	+10.96%	8h	$7.1M	$0.0428
OKX	+10.96%	8h	$1.5M	$0.0428
Hyperliquid	+10.96%	1h	$291K	$0.0428
BingX	+10.96%	8h	$2.1M	$0.0428
Bitget	+10.96%	8h	$1.6M	$0.0429
Gate.io	+10.96%	8h	$280K	$0.0428
KuCoin	+10.96%	8h	$2.6M	$0.0428
MEXC	+10.96%	8h	$13.9M	$0.0428
Aster	+10.96%	8h	$16K	$0.0429
Toobit	+10.96%	8h	$533K	$0.0428
Bitunix	+10.96%	8h	—	$0.0428
Hotcoin	+10.96%	8h	$456K	$0.0428
WEEX	+10.96%	8h	—	$0.0428
Pionex	+10.96%	8h	$16K	$0.0428
CoinW	+10.96%	8h	—	$0.0428
LBank	+10.96%	8h	—	$0.0428
dreamcash	+10.96%	1h	$291K	$0.0428
Ventuals	+10.96%	1h	$291K	$0.0428
Bybit	+1.42%	8h	$3.2M	$0.0428
Variational	-16.35%	8h	$135K	$0.0428
Crypto.comBest Long	-105.64%	1h	$9K	$0.0428

SAND Perpetual Swap Funding Rate by Exchange

How SAND funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SAND funding rates explained

Frequently asked questions