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SAND perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-02 23:43 UTC

SAND is quoted on 7 contracts. The highest funding rate is on Binance at -784.62% annualised, quoted per 8h, and the lowest is on Hyperliquid at -1902.38% — a gap of 1117.77 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.

Highest rate now
-784.62%
Binance · 8h
Lowest rate now
-1902.38%
Hyperliquid · 1h
Spread
1117.77
points

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
BinanceCentralisedSANDUSDT -0.7165%8h -784.62% —
no history yet
75x 809.4M
GateCentralisedSAND_USDT -0.7224%8h -791.03% —
no history yet
75x 31.3M
AsterOn-chainSANDUSDT -0.7318%8h -801.34% —
no history yet
10x 3.3M
BitgetCentralisedSANDUSDT -0.7648%8h -837.46% —
no history yet
10x 50.5M
OKXCentralisedSAND-USDT-SWAP -0.5465%4h -1196.88% —
no history yet
50x 336.8M
BybitCentralisedSANDUSDT -0.1793%1h -1570.64% —
no history yet
75x 206.5M
HyperliquidOn-chainSAND -0.2172%1h -1902.38% —
no history yet
5x 49.6M

Common questions

Which exchanges list SAND perpetual futures?

SAND trades as 7 perpetual contracts across 7 venues: Aster, Binance, Bitget, Bybit, Gate, Hyperliquid and OKX. The busiest is Binance, with $809.4M of 24h turnover — 54% of the total.

Where is SAND funding cheapest right now?

For a long, the most favourable collected rate is -1902.38% annualised on Hyperliquid; for a short, it is -784.62% on Binance — a gap of 1117.77 points. Every venue collected has shorts paying right now.

How much funding does a 10,000 USDT SAND position pay per day?

At current rates a 10,000 USDT long pays about -214.96 USDT a day on Binance and -521.20 USDT on Hyperliquid. A negative figure means the long is paid.

How often does SAND funding settle?

It depends on the venue: Bybit and Hyperliquid every 1h; OKX every 4h; Aster, Binance, Bitget and Gate every 8h.

What is the highest leverage available on SAND?

The highest collected cap is 75x, on Binance, Bybit and Gate. On Binance it applies up to 5K USDT of notional; above that the cap drops to 50x.

SAND comparison scope and payment direction

Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Binance · SANDUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x —
2 5000 – 10000 quote 1.5000% 50.00x 25
3 10000 – 50000 quote 2.0000% 25.00x 75
4 50000 – 100000 quote 2.5000% 20.00x 325
5 100000 – 175000 quote 3.3300% 15.00x 1155
6 175000 – 250000 quote 5.0000% 10.00x 4077.5
7 250000 – 750000 quote 10.0000% 5.00x 16577.5
8 750000 – 1500000 quote 12.5000% 4.00x 35327.5
9 1500000 – 4500000 quote 16.6700% 3.00x 97877.5
10 4500000 – 7500000 quote 25.0000% 2.00x 472727.5
11 7500000 – 12500000 quote 50.0000% 1.00x 2347727.5

Gate · SAND_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 0.5000% 75.00x —
2 10000 – 20000 quote 1.0000% 60.00x 50
3 20000 – 30000 quote 1.2000% 50.00x 90
4 30000 – 50000 quote 1.5000% 40.00x 180
5 50000 – 70000 quote 1.8000% 35.00x 330
6 70000 – 100000 quote 2.0000% 30.00x 470
7 100000 – 200000 quote 2.5000% 25.00x 970
8 200000 – 300000 quote 3.5000% 20.00x 2970
9 300000 – 500000 quote 4.0000% 16.00x 4470
10 500000 – 700000 quote 5.0000% 12.00x 9470
11 700000 – 1000000 quote 6.0000% 10.00x 16470
12 1000000 – 1500000 quote 8.0000% 8.00x 36470
13 1500000 – 2000000 quote 10.0000% 5.00x 66470
14 2000000 – 3000000 quote 15.0000% 4.00x 166470
15 3000000 – 5000000 quote 20.0000% 3.00x 316470
16 5000000 – 7000000 quote 30.0000% 2.00x 816470
17 7000000 – 10000000 quote 40.0000% 1.80x 1516470
18 10000000 – 15000000 quote 50.0000% 1.50x 2516470
19 15000000 – 20000000 quote 60.0000% 1.20x 4016470
20 20000000 – ∞ quote 80.0000% 1.05x 8016470

Aster · SANDUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 500000 quote 5.0000% 10.00x —
2 500000 – 1000000 quote 10.0000% 5.00x 25000
3 1000000 – 2500000 quote 12.5000% 4.00x 50000
4 2500000 – 5000000 quote 16.6700% 3.00x 154250
5 5000000 – 10000000 quote 25.0000% 2.00x 570750
6 10000000 – 1000000000 quote 50.0000% 1.00x 3070750

Bitget · SANDUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 10000 quote 5.0000% 10.00x —
2 10000 – 50000 quote 6.2500% 8.00x —
3 50000 – 100000 quote 10.0000% 5.00x —
4 100000 – 200000 quote 12.5000% 4.00x —
5 200000 – 500000 quote 16.6600% 3.00x —
6 500000 – 2000000 quote 25.0000% 2.00x —
7 2000000 – ∞ quote 50.0000% 1.00x —

OKX · SAND-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 130000 base 1.0000% 50.00x —
2 130010 – 260000 base 1.5000% 40.00x —
3 260010 – 520000 base 3.0000% 20.00x —
4 520010 – 1040000 base 3.5000% 18.18x —
5 1040010 – 1560000 base 4.0000% 16.66x —
6 1560010 – 2080000 base 4.5000% 15.38x —
7 2080010 – 2600000 base 5.0000% 14.28x —
8 2600010 – 3120000 base 5.5000% 13.33x —
9 3120010 – 3640000 base 6.0000% 12.50x —
10 3640010 – 4160000 base 6.5000% 11.76x —
11 4160010 – 4680000 base 7.0000% 11.11x —
12 4680010 – 5200000 base 7.5000% 10.52x —
13 5200010 – 5720000 base 8.0000% 10.00x —
14 5720010 – 6240000 base 8.5000% 9.52x —
15 6240010 – 6760000 base 9.0000% 9.09x —
16 6760010 – 7280000 base 9.5000% 8.69x —
17 7280010 – 7800000 base 10.0000% 8.33x —
18 7800010 – 8320000 base 10.5000% 8.00x —
19 8320010 – 8840000 base 11.0000% 7.69x —
20 8840010 – 9360000 base 11.5000% 7.40x —
21 9360010 – 9880000 base 12.0000% 7.14x —
22 9880010 – 10400000 base 12.5000% 6.89x —
23 10400010 – 10920000 base 13.0000% 6.66x —
24 10920010 – 11440000 base 13.5000% 6.45x —
25 11440010 – 11960000 base 14.0000% 6.25x —
26 11960010 – 12480000 base 14.5000% 6.06x —
27 12480010 – 13000000 base 15.0000% 5.88x —
28 13000010 – 13520000 base 15.5000% 5.71x —
29 13520010 – 14040000 base 16.0000% 5.55x —
30 14040010 – 14560000 base 16.5000% 5.40x —
31 14560010 – 15080000 base 17.0000% 5.26x —
32 15080010 – 15600000 base 17.5000% 5.12x —
33 15600010 – 16120000 base 18.0000% 5.00x —
34 16120010 – 16640000 base 18.5000% 4.87x —
35 16640010 – 17160000 base 19.0000% 4.76x —
36 17160010 – 17680000 base 19.5000% 4.65x —
37 17680010 – 18200000 base 20.0000% 4.54x —
38 18200010 – 18720000 base 20.5000% 4.44x —
39 18720010 – 19240000 base 21.0000% 4.34x —
40 19240010 – 19760000 base 21.5000% 4.25x —
41 19760010 – 20280000 base 22.0000% 4.16x —
42 20280010 – 20800000 base 22.5000% 4.08x —
43 20800010 – 21320000 base 23.0000% 4.00x —
44 21320010 – 21840000 base 23.5000% 3.92x —
45 21840010 – 22360000 base 24.0000% 3.84x —
46 22360010 – 22880000 base 24.5000% 3.77x —
47 22880010 – 23400000 base 25.0000% 3.70x —
48 23400010 – 23920000 base 25.5000% 3.63x —
49 23920010 – 24440000 base 26.0000% 3.57x —
50 24440010 – 24960000 base 26.5000% 3.50x —
51 24960010 – 25480000 base 27.0000% 3.44x —
52 25480010 – 26000000 base 27.5000% 3.38x —
53 26000010 – 26520000 base 28.0000% 3.33x —
54 26520010 – 27040000 base 28.5000% 3.27x —
55 27040010 – 27560000 base 29.0000% 3.22x —
56 27560010 – 28080000 base 29.5000% 3.17x —
57 28080010 – 28600000 base 30.0000% 3.12x —
58 28600010 – 29120000 base 30.5000% 3.07x —
59 29120010 – 29640000 base 31.0000% 3.03x —
60 29640010 – 30160000 base 31.5000% 2.98x —
61 30160010 – 30680000 base 32.0000% 2.94x —
62 30680010 – 31200000 base 32.5000% 2.89x —
63 31200010 – 31720000 base 33.0000% 2.85x —
64 31720010 – 32240000 base 33.5000% 2.81x —
65 32240010 – 32760000 base 34.0000% 2.77x —
66 32760010 – 33280000 base 34.5000% 2.73x —
67 33280010 – 33800000 base 35.0000% 2.70x —
68 33800010 – 34320000 base 35.5000% 2.66x —
69 34320010 – 34840000 base 36.0000% 2.63x —
70 34840010 – 35360000 base 36.5000% 2.59x —
71 35360010 – 35880000 base 37.0000% 2.56x —
72 35880010 – 36400000 base 37.5000% 2.53x —
73 36400010 – 36920000 base 38.0000% 2.50x —
74 36920010 – 37440000 base 38.5000% 2.46x —
75 37440010 – 37960000 base 39.0000% 2.43x —
76 37960010 – 38480000 base 39.5000% 2.40x —
77 38480010 – 39000000 base 40.0000% 2.38x —
78 39000010 – 39520000 base 40.5000% 2.35x —
79 39520010 – 40040000 base 41.0000% 2.32x —
80 40040010 – 40560000 base 41.5000% 2.29x —
81 40560010 – 41080000 base 42.0000% 2.27x —
82 41080010 – 41600000 base 42.5000% 2.24x —
83 41600010 – 42120000 base 43.0000% 2.22x —
84 42120010 – 42640000 base 43.5000% 2.19x —
85 42640010 – 43160000 base 44.0000% 2.17x —
86 43160010 – 43680000 base 44.5000% 2.15x —
87 43680010 – 44200000 base 45.0000% 2.12x —
88 44200010 – 44720000 base 45.5000% 2.10x —
89 44720010 – 45240000 base 46.0000% 2.08x —
90 45240010 – 45760000 base 46.5000% 2.06x —
91 45760010 – 46280000 base 47.0000% 2.04x —
92 46280010 – 46800000 base 47.5000% 2.02x —
93 46800010 – 47320000 base 48.0000% 2.00x —

Bybit · SANDUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 1.0000% 75.00x —
2 5000 – 7000 quote 1.0000% 70.00x —
3 7000 – 10000 quote 1.0000% 65.00x —
4 10000 – 12000 quote 1.0000% 55.00x —
5 12000 – 15000 quote 1.0000% 50.00x —
6 15000 – 20000 quote 1.1100% 45.00x 16.5
7 20000 – 25000 quote 1.2500% 40.00x 44.5
8 25000 – 35000 quote 1.4300% 35.00x 89.5
9 35000 – 40000 quote 1.6700% 30.00x 173.5
10 40000 – 50000 quote 2.0000% 25.00x 305.5
11 50000 – 100000 quote 2.5000% 20.00x 555.5
12 100000 – 110000 quote 2.6300% 19.00x 685.5
13 110000 – 120000 quote 2.7800% 18.00x 850.5
14 120000 – 130000 quote 2.9400% 17.00x 1042.5
15 130000 – 140000 quote 3.1300% 16.00x 1289.5
16 140000 – 150000 quote 3.3300% 15.00x 1569.5
17 150000 – 170000 quote 3.5700% 14.00x 1929.5
18 170000 – 200000 quote 3.8500% 13.00x 2405.5
19 200000 – 220000 quote 4.1700% 12.00x 3045.5
20 220000 – 240000 quote 4.5500% 11.00x 3881.5
21 240000 – 250000 quote 5.0000% 10.00x 4961.5
22 250000 – 500000 quote 5.5600% 9.00x 6361.5
23 500000 – 1000000 quote 6.2500% 8.00x 9811.5
24 1000000 – 1500000 quote 7.1400% 7.00x 18711.5
25 1500000 – 2000000 quote 8.3300% 6.00x 36561.5
26 2000000 – 2500000 quote 10.0000% 5.00x 69961.5
27 2500000 – 4000000 quote 12.5000% 4.00x 132461.5
28 4000000 – 5000000 quote 16.6700% 3.00x 299261.5
29 5000000 – 6000000 quote 25.0000% 2.00x 715761.5
30 6000000 – ∞ quote 50.0000% 1.00x 2215761.5

Hyperliquid · SAND With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 10.0000% 5.00x —