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AfterFees

Borrow rates · SAND

Borrow SAND: rates on every exchange

Annualised margin borrow rates for SAND at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-11-11 23:06 UTC

SAND borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget5.73%6.41%6.74%6.41%$87.1K$34.3KBorrowable
Binance10.78%11.53%11.76%11.53%$5.8Knot publishedBorrowable
Bybit12.93%13.75%14.11%13.75%$23Knot publishedBorrowable
Gate14.73%15.77%17.11%15.77% *$30Knot publishedBorrowable
OKX21.21%23.33%25.16%23.33%$11.7Knot publishedBorrowable

Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).

Reverse carry on SAND: borrow and sell spot, long the perp

No reverse SAND carry nets a profit at this size right now.

At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.

SAND perps, most negative funding first

ExchangeContractRateEveryAnnualised
HyperliquidSAND-0.0018%1 h−15.6%
OKXSAND-USDT-SWAP-0.0062%4 h−13.5%
BitgetSANDUSDT-0.0085%8 h−9.3%
LBankSANDUSDT-0.0070%8 h−7.6%
BinanceSANDUSDT-0.0070%8 h−7.6%
BloFinSAND-USDT-0.0065%8 h−7.1%
ExtendedSAND-USD-0.0008%1 h−7.0%
BitunixSANDUSDT-0.0064%8 h−7.0%

Coins

Funding rates and every arbitrage on this coinSAND

Questions

Where is it cheapest to borrow SAND?

Bitget, at 6.41% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SAND.

Can I earn negative funding on SAND by borrowing it?

Not right now: no reverse SAND carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.