SAND funding rates
SAND perpetual funding is currently quoted across 5 venues, ranging from -31.1% to +39.6% APR. The most reliable delta-neutral pairing for SAND right now is long Variational / short Hyperliquid at +28.2% net APR (medium risk, ~2.3d to break even).
as of 2026-09-09 17:04 UTC
Best delta-neutral pairing
Long Variational / Short Hyperliquid
+28.2% net APR
- Backtested (30d)
- +28.3%
- Stability
- 79.3%
- Risk
- medium
- Breakeven
- ~2.3d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeSAND funding by exchange
| Exchange | Funding APR |
|---|---|
| Kraken | +39.65% |
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Aster | +10.95% |
| Variational | -31.10% |
Frequently asked
What is the SAND funding rate right now?
SAND perpetual funding ranges from -31.10% to 39.65% APR across 5 exchanges we track; the widest delta-neutral spread is long Variational / short Hyperliquid at 28.2% net APR.
Which exchange has the highest SAND funding rate?
Kraken currently has the highest at 39.65% APR. See the full ranking above.