# Borrow SAND: rates on every exchange

Annualised margin borrow rates for SAND at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 20:52 UTC · https://afterfees.xyz/borrow/SAND

## SAND borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 6.93% | 7.10% | 12.72% | 7.10% | $93.8K | $29.9K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 13.46% | 13.15% | 12.97% | 13.46% | $6.3K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 16.15% | 15.70% | 15.49% | 16.15% | $24.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 19.24% | 19.85% | 21.39% | 19.85% * | $30K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 35.00% | 32.86% | 30.79% | 35.00% | $12.6K | not published | Borrowable |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on SAND: borrow and sell spot, long the perp

No reverse SAND carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## SAND perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | SAND-USDT-SWAP | -0.0238% | 4 h | −52.1% |
| [Gate](https://afterfees.xyz/venues/gate) | SAND_USDT | -0.0392% | 8 h | −42.9% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SANDUSD | -0.0039% | 1 h | −33.8% |
| [Bybit](https://afterfees.xyz/venues/bybit) | SANDUSDT | -0.0297% | 8 h | −32.5% |
| [BingX](https://afterfees.xyz/venues/bingx) | SAND-USDT | -0.0294% | 8 h | −32.2% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SANDUSDT | -0.0293% | 8 h | −32.1% |
| [Binance](https://afterfees.xyz/venues/binance) | SANDUSDT | -0.0267% | 8 h | −29.2% |
| [Aster](https://afterfees.xyz/venues/aster) | SANDUSDT | -0.0266% | 8 h | −29.1% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [SAND](https://afterfees.xyz/coin/SAND) |

## Questions

**Where is it cheapest to borrow SAND?**

Bitget, at 7.10% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SAND.

**Can I earn negative funding on SAND by borrowing it?**

Not right now: no reverse SAND carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._