SAND (The Sandbox) perpetual futures
SAND (The Sandbox) perpetuals trade on 13 markets. 24h volume $25.04M, open interest $29.06M. Best funding APR -25.55% on variational. Cheapest $100k execution (24h median): 16.32 bps on mexc.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for SAND (The Sandbox) on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| binance | SANDUSDT | 0.0415 | $12.20M | $6.49M | -0.0018% | -2.01% | -0.0145% | -0.0281% | -5.4306% |
| bybit | SANDUSDT | 0.0415 | $3.33M | $1.68M | 0.0020% | +2.19% | +0.0142% | +0.0497% | -4.4183% |
| okx | SAND-USDT-SWAP | 0.0415 | $3.22M | $1.70M | 0.0100% | +10.95% | +0.0300% | +0.0629% | -5.0494% |
| bingx | SAND-USDT | 0.0416 | $2.38M | $2.04M | 0.0100% | +10.95% | +0.0200% | +0.1486% | -2.7210% |
| mexc | SAND_USDT | 0.0415 | $1.75M | $11.57M | -0.0017% | -1.86% | -0.0147% | -0.0266% | -5.4350% |
| bitget | SANDUSDT | 0.0415 | $553.9K | $1.76M | -0.0042% | -4.60% | -0.0272% | +0.0973% | -4.4663% |
| gateio | SAND_USDT | 0.0415 | $547.8K | $462.0K | 0.0100% | +10.95% | +0.0102% | +0.0489% | -4.6540% |
| hyperliquid | SAND | 0.0415 | $452.6K | $571.5K | 0.0004% | +3.42% | -0.0139% | +0.0013% | -4.5401% |
| kucoin | SANDUSDTM | 0.0415 | $376.4K | $2.54M | -0.0040% | -4.38% | +0.0160% | +0.1729% | -3.7418% |
| extended_starknet | SAND-USD | 0.0415 | $197.6K | $5.4K | -0.0002% | -1.75% | -0.0049% | -0.0293% | -5.6982% |
| asterdex | SANDUSDT | 0.0415 | $17.4K | $26.9K | -0.0125% | -13.67% | +0.0036% | -0.0459% | -5.6754% |
| variational | SAND | 0.0415 | $4.6K | $227.4K | -0.0233% | -25.55% | — | — | — |
| gains | SAND/USD | 0.0416 | $4.0K | $0.00 | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.0000% |
Funding spread across venues
Across 13 venues the funding APR on SAND (The Sandbox) runs from -25.55% on variational to +10.95% on okx. The gap between them is 36.50 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.0000% of position size on gains.
Liquidity
Across the venues listed above SAND (The Sandbox) shows $25.04M of 24h volume and $29.06M of open interest. The deepest venue by 24h volume is binance at $12.20M.
Execution cost
The cheapest venue to open a $100k position in SAND (The Sandbox), measured as the 24h median of the full cost including taker fee and slippage, is mexc at 16.32 bps. Funding only pays off once the cost of getting in and out is covered, so this number belongs next to the APR above.
What the funding rate on SAND (The Sandbox) means
A perpetual future on SAND (The Sandbox) has no expiry, so venues use a funding payment to keep its price tied to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The rate shown per venue is the share of position size paid at each settlement, and the APR is that share annualised over the venue's own interval. Venues settle SAND (The Sandbox) on different schedules: 1h, 8h.
Because every venue computes its own rate from its own order book, the same asset can pay very differently in the same hour. The "paid" columns show what was actually settled rather than what is quoted now, which is the honest way to judge whether a SAND (The Sandbox) position earned or cost money.
Frequently asked questions
What is the funding rate on SAND (The Sandbox) right now?
Across 13 venues the funding APR on SAND (The Sandbox) runs from -25.55% on variational to +10.95% on okx. The gap between them is 36.50 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.0000% of position size on gains.
Which venue has the most liquid SAND (The Sandbox) perpetual?
Across the venues listed above SAND (The Sandbox) shows $25.04M of 24h volume and $29.06M of open interest. The deepest venue by 24h volume is binance at $12.20M.
How often is funding paid on SAND (The Sandbox)?
Venues settle SAND (The Sandbox) on different schedules: 1h, 8h.
Data generated at 2026-09-22T00:08:20Z. Live numbers load on this page automatically.