SAND funding rates
SAND perpetual funding is currently quoted across 4 venues, ranging from -43.9% to +8.9% APR. The most reliable delta-neutral pairing for SAND right now is long Kraken / short Hyperliquid at +33.1% net APR (low risk, ~2.8d to break even).
as of 2026-07-29 10:36 UTC
Best delta-neutral pairing
Long Kraken / Short Hyperliquid
+33.1% net APR
- Backtested (30d)
- -10.7%
- Stability
- 59.8%
- Risk
- low
- Breakeven
- ~2.8d
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 |
|---|---|
| Hyperliquid | +8.95% |
| Variational | -18.86% |
| Kraken | -41.73% |
| Aster | -43.85% |
Frequently asked
What is the SAND funding rate right now?
SAND perpetual funding ranges from -43.85% to 8.95% APR across 4 exchanges we track; the widest delta-neutral spread is long Kraken / short Hyperliquid at 33.1% net APR.
Which exchange has the highest SAND funding rate?
Hyperliquid currently has the highest at 8.95% APR. See the full ranking above.