The Sandbox (SAND) Funding Rate History
The Sandbox (SAND) perpetual futures funding ranges from -12.70 bps on COINBASE INTL to 1.00 bps on BINGX across 14 reporting venues, a spread of 13.70 bps. The most extreme rate (-139.06% APY annualized) is on COINBASE INTL. Currently funding signs are mixed: 10 positive, 4 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on SAND price.
SAND Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| COINBASE INTL | -12.70 bps | -139.06% APY | -5.40 bps | $3.02K |
| CRYPTOCOM | -1.90 bps | -20.80% APY | -3.10 bps | $2.64 |
| VARIATIONAL | -1.70 bps | -18.61% APY | -1.10 bps | $26.71K |
| BINGX | 1.00 bps | 10.95% APY | 0.80 bps | $2.51M |
| BITGET | 1.00 bps | 10.95% APY | 0.50 bps | $701.25K |
| GATEIO | 1.00 bps | 10.95% APY | 0.40 bps | $61.91K |
| KUCOIN | 1.00 bps | 10.95% APY | -0.10 bps | $27.96K |
| ASTER | 1.00 bps | 10.95% APY | -1.50 bps | $367.04 |
| PHEMEX | 0.80 bps | 8.76% APY | 0.10 bps | $326.66K |
| HYPERLIQUID | 0.60 bps | 6.57% APY | -1.50 bps | $105.84K |
| BINANCE | 0.40 bps | 4.38% APY | -0.20 bps | $4.74M |
| MEXC | 0.40 bps | 4.38% APY | -0.20 bps | $1.01M |
| BYBIT | -0.30 bps | -3.28% APY | 0.00 bps | $1.74M |
| OKX | 0.20 bps | 2.19% APY | -0.50 bps | $1.25M |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: SAND open interest, SAND volume, SAND perp market data.