SAND Funding Rate History — Settled Payments by Exchange
The Sandbox
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 BingX | 90 | -2.6262% | -31.97% | +0.0100% | -0.2972% | 2026-09-23 16:00 UTC |
 KuCoin | 90 | -3.6567% | -44.52% | +0.0100% | -0.4317% | 2026-09-23 16:00 UTC |
 Toobit | 90 | -4.0544% | -49.36% | +0.0100% | -0.3235% | 2026-09-23 16:00 UTC |
 Bybit | 90 | -4.0791% | -49.66% | +0.0100% | -0.3078% | 2026-09-23 16:00 UTC |
 Bitget | 90 | -4.2150% | -51.32% | +0.0100% | -0.8725% | 2026-09-23 16:00 UTC |
 Hyperliquid | 720 | -4.3472% | -52.93% | +0.0013% | -0.0677% | 2026-09-23 18:00 UTC |
 Gate.io | 90 | -4.3537% | -53.01% | +0.0100% | -0.3209% | 2026-09-23 16:00 UTC |
 Pionex | 90 | -4.6898% | -57.10% | +0.0100% | -0.3312% | 2026-09-23 16:00 UTC |
 BloFin | 90 | -4.8424% | -58.96% | +0.0220% | -0.3261% | 2026-09-23 16:00 UTC |
 OKX | 90 | -4.9557% | -60.34% | +0.0100% | -0.3135% | 2026-09-23 16:00 UTC |
 Binance Futures | 90 | -5.1104% | -62.22% | +0.0100% | -0.3232% | 2026-09-23 16:00 UTC |
 Hotcoin | 90 | -5.1172% | -62.30% | +0.0100% | -0.3239% | 2026-09-23 16:00 UTC |
 WEEX | 90 | -5.1172% | -62.30% | +0.0100% | -0.3239% | 2026-09-23 16:00 UTC |
 MEXC | 90 | -5.1210% | -62.35% | +0.0100% | -0.3239% | 2026-09-23 16:00 UTC |
 Bitunix | 90 | -5.1625% | -62.85% | +0.0100% | -0.3264% | 2026-09-23 16:00 UTC |
 Aster | 456 | -5.1785% | -12.44% | +0.0100% | -0.0547% | 2026-09-23 16:00 UTC |
 Extended | 720 | -5.3402% | -65.02% | +0.0013% | -0.0440% | 2026-09-23 18:00 UTC |
What the SAND funding rate means
What SAND (The Sandbox) actually paid over the last 30 days: 3,156 settlements across 17 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. BingX paid the most over the window at -2.6262% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 29% of the 3,156 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from -2.6262% on BingX to -5.3402% on Extended — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the SAND funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 29% of the 3,156 settlements recorded here.
- Which exchange has paid the most settled SAND funding recently?
- BingX paid the most over the last 30 days at -2.6262% of position size across 90 settlements, an average annualized rate of -31.97%. This is a sum of actual payments, not a forecast.
- How often is SAND funding actually paid?
- Over the last 30 days, ORBIT recorded 3,156 funding settlements for SAND across 17 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.