SAND funding rates and arbitrage
Updated 2026-11-11 22:51 UTC
Best SAND arbitrage after every cost
No SAND pair 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 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Kraken | PF_SANDUSD | 0.0024% | 1 h | +21.1% | −26.8% | $313.4K | 2026-11-11 23:00 |
| Bybit | SANDUSDT | 0.0100% | 8 h | +10.9% | −4.5% | $3.8M | 2026-11-12 00:00 |
| KuCoin | SANDUSDTM | 0.0100% | 8 h | +10.9% | +3.4% | $3.5M | 2026-11-12 00:00 |
| Phemex | SANDUSDT | 0.0100% | 8 h | +10.9% | — | $1.3M | 2026-11-12 00:00 |
| WhiteBIT | SAND_PERP | 0.0100% | 8 h | +10.9% | +11.0% | $1.7M | 2026-11-12 00:00 |
| BingX | SAND-USDT | 0.0100% | 8 h | +10.9% | −10.5% | $683.6K | 2026-11-12 00:00 |
| Gate | SAND_USDT | 0.0100% | 8 h | +10.9% | −8.2% | $256K | 2026-11-12 00:00 |
| Variational | SAND-PERP | 0.0100% | 8 h | +10.9% | +12.6% | $17.6K | 2026-11-12 00:00 |
| Aster | SANDUSDT | 0.0029% | 8 h | +3.2% | −4.5% | $64.3K | 2026-11-12 00:00 |
| Crypto.com | SANDUSD-PERP | 0.0001% | 1 h | +0.5% | +3.1% | $14.5K | 2026-11-11 23:00 |
| Bitfinex | tSANDF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $1.5K | 2026-11-12 00:00 |
| Hyperliquid | SAND | -0.0006% | 1 h | −5.5% | −10.9% | $693.7K | 2026-11-11 23:00 |
| Binance | SANDUSDT | -0.0059% | 8 h | −6.5% | −7.3% | $6.5M | 2026-11-12 00:00 |
| MEXC | SAND_USDT | -0.0060% | 8 h | −6.6% | −7.3% | $3.8M | 2026-11-12 00:00 |
| LBank | SANDUSDT | -0.0060% | 8 h | −6.6% | +12.6% | — | 2026-11-12 00:00 |
| WOO X | PERP_SAND_USDT | -0.0060% | 8 h | −6.6% | −7.3% | $61 | 2026-11-12 00:00 |
| Bitunix | SANDUSDT | -0.0064% | 8 h | −7.0% | −6.8% | — | 2026-11-12 00:00 |
| Extended | SAND-USD | -0.0008% | 1 h | −7.0% | −7.4% | $17.8K | 2026-11-11 23:00 |
| Bitget | SANDUSDT | -0.0067% | 8 h | −7.3% | −4.9% | $1.6M | 2026-11-12 00:00 |
| BloFin | SAND-USDT | -0.0077% | 8 h | −8.4% | −5.5% | $328.8K | 2026-11-12 00:00 |
| OKX | SAND-USDT-SWAP | -0.0054% | 4 h | −11.7% | −15.9% | $2.5M | 2026-11-12 00:00 |
Borrow SAND to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 6.45% | — |
| Binance | 11.54% | — |
| Bybit | 13.77% | — |
| Gate | 15.85% | $30K |
| OKX | 23.49% | — |
Cost to enter $10,000 of SAND
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SAND_USDT | 1.2 bp | top of book only |
| Extended | SAND-USD | 4.9 bp | top of book only |
| Variational | SAND-PERP | 6.0 bp | top of book only |
| OKX | SAND-USDT-SWAP | 6.2 bp | top of book only |
| Binance | SANDUSDT | 6.2 bp | top of book only |
| BingX | SAND-USDT | 6.2 bp | top of book only |
| Bitget | SANDUSDT | 7.2 bp | top of book only |
| BloFin | SAND-USDT | 7.2 bp | top of book only |
| Bybit | SANDUSDT | 7.9 bp | top of book only |
| Gate | SAND_USDT | 8.7 bp | top of book only |
| Kraken | PF_SANDUSD | 9.8 bp | top of book only |
| Aster | SANDUSDT | 10.0 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on SAND
Questions
Is SAND funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no SAND pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest SAND funding rate?
Kraken at +21.1% a year (0.0024% every 1 h); the lowest is OKX at −11.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.