SAND funding rate
SAND funding is 0.0011% per hour on Hyperliquid (9.71% APR) and -0.0010% per hour on Aster (-8.92% APR). A positive rate means longs pay shorts.
Data as of . Refreshed about every minute.
Current rate by venue
| Venue | Market | Per hour | APR | Per day on $10,000 | Open interest |
|---|---|---|---|---|---|
| Hyperliquid | SAND | 0.0011% | 9.71% | Long pays $2.66 | $731K |
| Aster | SAND | -0.0010% | -8.92% | Short pays $2.44 | – |
Gap between venues: 0.0021% per hour (18.63% APR), highest on Hyperliquid, lowest on Aster. Before trading costs; see why the net is much smaller.
Method and sources
Rates are per hour: Hyperliquid and Lighter pay hourly; Aster's rate is divided by the market's funding interval (8, 4 or 1 hours). APR = rate per hour × 24 × 365, not compounded. Averages are total funding paid over the period divided by its hours. A positive rate means longs pay shorts. Live rates refresh about every minute, history every 15 minutes.
- Hyperliquid: Hyperliquid info API (metaAndAssetCtxs)
- Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
More: SAND perp markets by venue, all funding rates, how hourly funding works
Frequently asked questions
- Do longs or shorts pay SAND funding right now?
- On Hyperliquid, longs pay shorts 0.0011% per hour (9.71% APR); On Aster, shorts pay longs 0.0010% per hour (-8.92% APR). These are the latest rates; they change every hour, so the 7- and 30-day averages on this page say more about what a position has paid.
- Which venue has the highest SAND funding rate?
- Right now Hyperliquid, at 0.0011% per hour, against -0.0010% on Aster: a gap of 0.0021% per hour (18.63% APR) before trading costs. A gap is not a profit: fees on four trades, price gaps between venues and funding that flips usually eat most of it.
- How often is SAND funding paid?
- Hyperliquid pays SAND funding every hour. Aster pays every 8, 4 or 1 hours depending on the market; this page divides its rate by that interval so it compares per hour. Funding is charged on the position's value, not on margin.