# SAND funding rates and arbitrage

Updated 2026-10-29 17:45 UTC · https://afterfees.xyz/coin/SAND

## Best SAND arbitrage after every cost

No SAND pair 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 funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Phemex](https://afterfees.xyz/venues/phemex) | SANDUSDT | 0.0100% | 8 h | +10.9% | — | $1.3M | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | SAND_PERP | 0.0100% | 8 h | +10.9% | +11.4% | $2.6M | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | SAND | 0.0013% | 1 h | +10.9% | −4.4% | $1M | 2026-10-29 18:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | SANDUSD-PERP | 0.0006% | 1 h | +5.4% | +52.0% | $21.6K | 2026-10-29 18:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tSANDF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $9.1K | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SANDUSDTM | -0.0045% | 8 h | −4.9% | −22.0% | $3.6M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | SAND-PERP | -0.0105% | 8 h | −11.4% | — | $15K | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | SAND-USDT | -0.0132% | 8 h | −14.5% | −26.8% | $2.4M | 2026-10-30 00:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | SAND-USDT | -0.0148% | 8 h | −16.2% | −15.3% | $486.6K | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | SANDUSDT | -0.0197% | 8 h | −21.5% | −15.7% | $5.1M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | SANDUSDT | -0.0222% | 8 h | −24.3% | −25.3% | $1.9M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SANDUSDT | -0.0250% | 8 h | −27.3% | −26.0% | — | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | SANDUSDT | -0.0252% | 8 h | −27.6% | −23.3% | $211.2K | 2026-10-30 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | SAND-USD | -0.0033% | 1 h | −28.9% | −30.5% | $39.2K | 2026-10-29 18:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | SAND_USDT | -0.0267% | 8 h | −29.2% | −29.9% | $4.1M | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_SAND_USDT | -0.0268% | 8 h | −29.3% | −29.9% | $70 | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | SANDUSDT | -0.0268% | 8 h | −29.3% | — | — | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | SANDUSDT | -0.0268% | 8 h | −29.3% | −29.9% | $10.7M | 2026-10-30 00:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SANDUSD | -0.0050% | 1 h | −44.1% | −33.9% | $447K | 2026-10-29 18:00 |
| [OKX](https://afterfees.xyz/venues/okx) | SAND-USDT-SWAP | -0.0248% | 4 h | −54.3% | −31.9% | $3M | 2026-10-29 20:00 |
| [Gate](https://afterfees.xyz/venues/gate) | SAND_USDT | -0.0661% | 8 h | −72.4% | −25.8% | $476K | 2026-10-30 00:00 |

## Borrow SAND to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 7.14% | — |
| Binance | 13.46% | — |
| Bybit | 16.15% | — |
| Gate | 19.86% | $30K |
| OKX | 35.00% | — |

## Cost to enter $10,000 of SAND

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SAND_USDT | 4.5 bp | live order book |
| Binance | SANDUSDT | 8.3 bp | live order book |
| OKX | SAND-USDT-SWAP | 10.2 bp | live order book |
| Bybit | SANDUSDT | 10.8 bp | live order book |
| Bitget | SANDUSDT | 12.0 bp | live order book |
| Variational | SAND-PERP | 5.2 bp | top of book only |
| Extended | SAND-USD | 5.4 bp | top of book only |
| BingX | SAND-USDT | 6.0 bp | top of book only |
| BloFin | SAND-USDT | 8.1 bp | top of book only |
| Gate | SAND_USDT | 8.5 bp | top of book only |
| KuCoin | SANDUSDTM | 9.1 bp | top of book only |
| OKX | SAND-USDT (spot) | 11.0 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## More on SAND

- [Borrow SAND: rates on every exchange](https://afterfees.xyz/borrow/SAND)

## Questions

**Is SAND funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no SAND pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest SAND funding rate?**

Phemex at +10.9% a year (0.0100% every 8 h); the lowest is Gate at −72.4%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_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._