# SAND funding rates and arbitrage

Updated 2026-11-11 23:53 UTC · https://afterfees.xyz/coin/SAND

## 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 |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | SANDUSDT | 0.0100% | 8 h | +10.9% | −4.5% | $3.9M | 2026-11-12 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SANDUSDTM | 0.0100% | 8 h | +10.9% | +3.4% | $3.6M | 2026-11-12 00:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | SANDUSDT | 0.0100% | 8 h | +10.9% | — | $1.3M | 2026-11-12 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | SAND_PERP | 0.0100% | 8 h | +10.9% | +11.0% | $1.7M | 2026-11-12 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | SAND-USDT | 0.0100% | 8 h | +10.9% | −10.5% | $723.9K | 2026-11-12 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | SAND_USDT | 0.0100% | 8 h | +10.9% | −8.2% | $260.1K | 2026-11-12 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | SAND-PERP | 0.0100% | 8 h | +10.9% | +11.0% | $17.6K | 2026-11-12 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | SANDUSDT | 0.0028% | 8 h | +3.1% | −4.4% | $64.4K | 2026-11-12 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | SAND | 0.0001% | 1 h | +1.2% | −10.7% | $692.7K | 2026-11-12 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | SANDUSD-PERP | 0.0001% | 1 h | +0.5% | +3.8% | $14.6K | 2026-11-12 00:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tSANDF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $1.5K | 2026-11-12 00:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SANDUSD | -0.0002% | 1 h | −1.7% | −26.8% | $312.2K | 2026-11-12 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | SANDUSDT | -0.0030% | 8 h | −3.3% | −4.8% | $1.6M | 2026-11-12 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | SANDUSDT | -0.0033% | 8 h | −3.7% | −7.2% | $6.5M | 2026-11-12 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | SAND-USDT | -0.0036% | 8 h | −3.9% | −5.5% | $324.1K | 2026-11-12 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | SAND_USDT | -0.0036% | 8 h | −3.9% | −7.3% | $3.8M | 2026-11-12 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | SANDUSDT | -0.0036% | 8 h | −4.0% | +11.0% | — | 2026-11-12 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_SAND_USDT | -0.0037% | 8 h | −4.0% | −7.3% | $61 | 2026-11-12 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | SAND-USDT-SWAP | -0.0019% | 4 h | −4.2% | −15.8% | $2.4M | 2026-11-12 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | SAND-USD | -0.0005% | 1 h | −4.4% | −7.5% | $17.8K | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SANDUSDT | -0.0043% | 8 h | −4.7% | −6.8% | — | 2026-11-12 00:00 |

## Borrow SAND to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 6.41% | — |
| Binance | 11.53% | — |
| Bybit | 13.75% | — |
| Gate | 15.77% | $30K |
| OKX | 23.32% | — |

## Cost to enter $10,000 of SAND

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SAND_USDT | 1.2 bp | top of book only |
| Variational | SAND-PERP | 4.8 bp | top of book only |
| Extended | SAND-USD | 5.6 bp | top of book only |
| Binance | SANDUSDT | 6.2 bp | top of book only |
| OKX | SAND-USDT-SWAP | 6.2 bp | top of book only |
| BingX | SAND-USDT | 6.2 bp | top of book only |
| Bybit | SANDUSDT | 6.7 bp | top of book only |
| Bitget | SANDUSDT | 7.2 bp | top of book only |
| BloFin | SAND-USDT | 7.2 bp | top of book only |
| Gate | SAND_USDT | 8.7 bp | top of book only |
| Aster | SANDUSDT | 10.0 bp | top of book only |
| Kraken | PF_SANDUSD | 11.0 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

- [Borrow SAND: rates on every exchange](https://afterfees.xyz/borrow/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?**

Bybit at +10.9% a year (0.0100% every 8 h); the lowest is Bitunix at −4.7%. 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._