# SAND funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/SAND/funding · window: last 30 days · generated 2026-11-14T10:52 UTC

What SAND (The Sandbox) actually paid over the last 30 days: 3,046 settlements across 18 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. Phemex paid the most over the window at -2.4816% 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 39% of the 3,046 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from -2.4816% on Phemex to -6.5181% on OKX — 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.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Phemex | 90 | -2.4816% | -30.21% | +0.0100% | -0.9292% | 2026-11-14 08:00 UTC |
| Crypto.com | 720 | -3.3894% | -41.27% | +0.0169% | -0.2497% | 2026-11-14 10:00 UTC |
| BloFin | 90 | -3.9608% | -48.22% | +0.0172% | -0.7940% | 2026-11-14 08:00 UTC |
| KuCoin | 90 | -4.6959% | -57.17% | +0.0100% | -1.0811% | 2026-11-14 08:00 UTC |
| Bitunix | 90 | -4.8553% | -59.11% | +0.0100% | -1.1486% | 2026-11-14 08:00 UTC |
| BingX | 90 | -4.9502% | -60.27% | +0.0100% | -1.0713% | 2026-11-14 08:00 UTC |
| Aster | 90 | -4.9655% | -60.45% | +0.0100% | -1.1610% | 2026-11-14 08:00 UTC |
| Hyperliquid | 720 | -5.3357% | -64.96% | +0.0013% | -0.2365% | 2026-11-14 10:00 UTC |
| Pionex | 90 | -5.3897% | -65.62% | +0.0100% | -1.0793% | 2026-11-14 08:00 UTC |
| Bitget | 90 | -5.5550% | -67.63% | +0.0100% | -1.1794% | 2026-11-14 08:00 UTC |
| Gate.io | 90 | -5.5666% | -67.77% | +0.0100% | -1.1022% | 2026-11-14 08:00 UTC |
| Binance Futures | 90 | -5.6728% | -69.07% | +0.0100% | -1.1260% | 2026-11-14 08:00 UTC |
| WEEX | 90 | -5.6852% | -69.22% | +0.0100% | -1.1293% | 2026-11-14 08:00 UTC |
| Toobit | 90 | -5.6852% | -69.22% | +0.0100% | -1.1293% | 2026-11-14 08:00 UTC |
| MEXC | 90 | -5.6946% | -69.33% | +0.0100% | -1.1328% | 2026-11-14 08:00 UTC |
| Hotcoin | 90 | -5.8836% | -71.63% | +0.0110% | -1.4680% | 2026-11-14 08:00 UTC |
| Bybit | 166 | -6.0095% | -39.67% | +0.0100% | -0.3300% | 2026-11-14 08:00 UTC |
| OKX | 180 | -6.5181% | -79.36% | +0.0050% | -0.6874% | 2026-11-14 08:00 UTC |

## FAQ

### 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 39% of the 3,046 settlements recorded here.

### Which exchange has paid the most settled SAND funding recently?

Phemex paid the most over the last 30 days at -2.4816% of position size across 90 settlements, an average annualized rate of -30.21%. This is a sum of actual payments, not a forecast.

### How often is SAND funding actually paid?

Over the last 30 days, ORBIT recorded 3,046 funding settlements for SAND across 18 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.

### What is the widest settled SAND funding spread between venues?

Over the last 30 days, settled totals ranged from -2.4816% on Phemex to -6.5181% on OKX. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/SAND · Screener: https://orbitperpscreener.com/screener