SAND funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
MSK
Exchanges with current rates
10
Range normalized to 8 hours
-1.0236% → -0.4108%
Where the selected side receives funding
Long: 10 of 10
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Bybit · SANDUSDT
Receives 12.80 USD equivalent
10 000.00 USD × -0.1280% per 1 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Bybit
SANDUSDT
Rate as of MSK
Open interest: 12 865 374 USD 24-hour volume: 104 151 411 USD |
-0.1280% per 1 h | -1.0236% | Receives 12.80 USD | MSK |
|
OKX
SAND-USDT-SWAP
Rate as of MSK
Open exchange ↗ |
-0.3186% per 4 h | -0.6373% | Receives 31.86 USD | MSK |
|
Hyperliquid
SAND
Rate as of MSK
Open interest: 2 502 177 USD 24-hour volume: 8 636 546 USD |
-0.0683% per 1 h | -0.5464% | Receives 6.83 USD | — |
|
Gate.io
SAND_USDT
Rate as of MSK
Open exchange ↗ |
-0.5266% per 8 h | -0.5266% | Receives 52.66 USD | MSK |
|
Bitget
SANDUSDT
Rate as of MSK
Open interest: 2 862 108 USD 24-hour volume: 14 100 252 USD |
-0.4594% per 8 h | -0.4594% | Receives 45.94 USD | — |
|
Binance
SANDUSDT
Rate as of MSK
24-hour volume: 280 369 258 USD |
-0.4536% per 8 h | -0.4536% | Receives 45.36 USD | MSK |
|
MEXC
SAND_USDT
Rate as of MSK
24-hour volume: 43 171 649 USD |
-0.4524% per 8 h | -0.4524% | Receives 45.24 USD | — |
|
KuCoin
SANDUSDTM
Rate as of MSK
24-hour volume: 5 835 988 USD |
-0.4471% per 8 h | -0.4471% | Receives 44.71 USD | MSK |
|
BingX
SAND-USDT
Rate as of MSK
Open exchange ↗ |
-0.4367% per 8 h | -0.4367% | Receives 43.67 USD | MSK |
|
Aster
SANDUSDT
Rate as of MSK
Open exchange ↗ |
-0.4108% per 8 h | -0.4108% | Receives 41.08 USD | MSK |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | One paymentUSD equivalentLong · 10 000.00 USD | Settlement time |
|---|---|---|---|
|
Extended
SAND-USD
Rate as of MSK
Open interest: 410 724 USD 24-hour volume: 2 490 277 USD |
-0.0564% per 1 h | Receives 5.64 USD | MSK |
Completed settlements over 24 hours and 7 days
The sum of published settlement rates for each contract. Payment amounts are USD equivalents for a constant 10 000.00 USD notional and the selected direction.
Extended
24 hours
-1.9198%
Receives 191.98 USD
24 settlements
17.10.2026 18:00 — 18.10.2026 17:00 MSK
7 days
-2.4057%
Receives 240.57 USD
168 settlements
11.10.2026 18:00 — 18.10.2026 17:00 MSK
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
SAND funding questions
Who receives funding when the SAND rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.