SAND funding: questions and answers
What is the SAND funding rate on Hyperliquid now?
-0.0072% per hour, or -63.0% APR: shorts pay longs. The next payment is in 1m; funding on Hyperliquid is paid every hour.
How does SAND funding on Hyperliquid compare with Binance and Bybit?
Binance: -96.2% APR (paid every 8 h), Bybit: -433.7% APR. The difference between Hyperliquid and Binance is +33.2% per year.
What has SAND funding been on average?
On Hyperliquid: -48.4% APR over 24 hours, -316.1% over 7 days and -74.8% over 30 days. Longs paid in 65% of the hours over the last 30 days.
What does high or negative SAND funding mean?
High funding means the market is crowded with longs: holding a long is expensive and a fall can trigger a long squeeze. Negative funding means crowded shorts. Check who exactly is positioned and where their liquidations are on the whale positions page and the liquidation map.