SAND funding rate on Kraken

Funding APR
-92.79%
-0.0106% / 1h
Interval
1h
next 21:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
5
listing this pair

Over the last 30 days, SAND funding on Kraken averaged -90.5% APR and stayed positive 27.3% of the time, ranging from -622.7% to +287.3%. Right now it pays shorts pay longs at -92.8% APR, settled every 1h across 5 venues we track. The most reliable delta-neutral pairing for SAND right now is long Kraken / short Hyperliquid at +54.1% net APR (low risk, ~1.9d to break even).

as of 2026-09-12 20:21 UTC

SAND funding history on Krakenlast 30d

30d average
-90.52%
Range
-623% / 287%
% positive
27.3%
Volatility
159.2
Best delta-neutral pairing
Long Kraken / Short Hyperliquid
+54.1% net APR
Backtested (30d)
+23.0%
Stability
70.4%
Risk
low
Breakeven
~1.9d

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
Extended-7.01%
Aster-15.80%
Hyperliquid-21.13%
Variational-50.84%
Kraken-92.79%

Frequently asked

What is the current SAND funding rate on Kraken?

SAND on Kraken is funding at -92.79% APR (-0.0106% every 1h), paid shorts pay longs, as of 2026-09-12 20:21 UTC.

How often does Kraken pay funding on SAND?

Every 1 hour.

How do I earn SAND funding without price risk?

Open a delta-neutral position: long Kraken and short Hyperliquid, currently 54.1% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy