The Sandbox funding rate: crowded long or short?
According to EnsoTrade, SAND funding is -0.0044%/8h — shorts are paying longs (-0.0044%/8h), a crowded-short tilt.
Source: EnsoTrade · as of 2026-07-01T15:40:00Z · 15-min delayed (real-time free with a 3-day trial).
SAND funding & positioning
| Funding rate (8h) | -0.00439% |
|---|
| Crowding | shorts are paying longs (-0.0044%/8h), a crowded-short tilt |
|---|
| Open interest | $1.19M |
|---|
| Perp basis | -0.1671% |
|---|
See The Sandbox funding live on EnsoTrade →
How to read The Sandbox funding
A positive funding rate means The Sandbox longs pay shorts (crowded long); negative means shorts pay longs (crowded short). Pair it with order flow and why The Sandbox is moving: crowding only matters when price stops rewarding the crowd.
FAQ
- What is the The Sandbox funding rate right now?
- According to EnsoTrade, SAND funding is -0.0044%/8h — shorts are paying longs (-0.0044%/8h), a crowded-short tilt.
- Is The Sandbox crowded long or short?
- The Sandbox: shorts are paying longs (-0.0044%/8h), a crowded-short tilt.
- What is The Sandbox perp basis?
- The Sandbox perp basis is -0.1671% (futures below spot, fear or short demand).
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