SAND funding rate on Hyperliquid

Funding APR
-8.08%
-0.0009% / 1h
Interval
1h
next 05:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
5
listing this pair

Over the last 30 days, SAND funding on Hyperliquid averaged -49.3% APR and stayed positive 52.4% of the time, ranging from -637.3% to +10.9%. Right now it pays shorts pay longs at -8.1% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for SAND right now is long Variational / short Hyperliquid at +3.9% net APR (medium risk, ~2.5d to break even).

as of 2026-09-12 04:36 UTC

SAND funding history on Hyperliquidlast 30d

30d average
-49.32%
Range
-637% / 11%
% positive
52.4%
Volatility
107.6
Best delta-neutral pairing
Long Variational / Short Hyperliquid
+3.9% net APR
Backtested (30d)
+33.1%
Stability
84.8%
Risk
medium
Breakeven
~2.5d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How SAND funding compares across venues

ExchangeFunding APR
Kraken+13.60%
Extended-2.63%
Aster-7.73%
Hyperliquid-8.08%
Variational-24.29%

Frequently asked

What is the current SAND funding rate on Hyperliquid?

SAND on Hyperliquid is funding at -8.08% APR (-0.0009% every 1h), paid shorts pay longs, as of 2026-09-12 04:36 UTC.

How often does Hyperliquid pay funding on SAND?

Every 1 hour.

How do I earn SAND funding without price risk?

Open a delta-neutral position: long Variational and short Hyperliquid, currently 3.9% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy