SAND Funding Rate & Schedule
SAND perpetual futures funding rate on 6 exchanges: Bybit, Hyperliquid, OKX, Binance, MEXC, BingX. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-17 23:59 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: Bybit (8h equivalent −0.6218%).
- • Best for shorts: BingX (8h equivalent −0.0521%).
- • Cross-exchange spread: 0.5697% per 8h.
- • Next collection: Bybit at 00:00 UTC (−0.0777%, shorts pay longs).
- • Collection intervals: every 1h, 4h, 8h.
SAND — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Bybit | −0.0777% | ▼ shorts pay | every 1h | 00:00 UTC | −0.6218% | −680.9% | $70.9M | |
| Hyperliquid | −0.0461% | ▼ shorts pay | every 1h |
Frequently asked questions
What is the SAND funding rate?
A periodic payment between long and short holders of the SAND perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is SAND funding collected?
It depends on the exchange: Bybit 1h, Hyperliquid 1h, OKX 4h, Binance 8h, MEXC 8h, BingX 8h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest SAND funding?
At the last refresh the lowest 8h equivalent for longs was Bybit (−0.6218%) and the highest for shorts BingX (−0.0521%). Rates change during the period and are fixed at collection.
How is SAND funding calculated?
Payment = position size × funding rate. A 10,000 USDT SAND long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on OKX ($185.7M).
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads