GRAM Funding Rate — live across 11 venues

Compared across 11 supported venues · net of estimated fees · updated every few minutes

Live annualized GRAM perpetual funding across all 11 venues Perpia tracks. Right now GRAM funding is positive on 11 and negative on 0, ranging from +34.2% on Lighter to +10.9% on Gate.io — a spread of 23.2%. The widest delta-neutral trade is long MEXC / short Lighter at 19.9% net APR.

venues

paying positive

23.2%

funding spread

Best GRAM spread now

19.9%

net APR after fees

Long MEXC→Short Lighter

size depends on live venue depth — see the real cap in the scanner

GRAM funding trend & liquidity

168h of history

23.2%

current gross APR

16.7%

24h average

9.9%

7-day average

$1.8M

pair OI · lower leg

$1.2M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

GRAM funding rate history

30d · 6h buckets · 12 venues

142%0-63.3%

6 Aug5 Sep

GRAM — average across 12 venuesAsterHyperliquidBinanceBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +13.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

GRAM funding rate by venue

19 pairs scanned

Venue	Funding APR	Interval
Lighter ↗	+34.2%	8h
Aster ↗	+27.6%	1h
MEXC ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
Binance ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
OKX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Gate.io ↗	+10.9%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the MEXC vs Lighter page.

GRAM arbitrage — 30-day backtest

long MEXC · short Lighter

6.8%

backtested APR

+$56

historical net P&L on $10,000

0.01%

max drawdown

$10,000$10,056

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short Lighter would have produced 6.8% APR — versus the 19.9% the live spread implies right now (equity $10,000 → $10,056). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading GRAM backtest…

GRAM funding — FAQ

Is GRAM funding positive right now?

GRAM perpetual funding is positive on 11 of 11 venues Perpia tracks. The highest is +34.2% on Lighter; the lowest is +10.9% on Gate.io.

What is the best GRAM funding arbitrage right now?

Go long MEXC and short Lighter for about 19.9% net APR after fees — the widest delta-neutral GRAM spread Perpia currently sees.

Which exchange has the highest GRAM funding rate?

Lighter, at +34.2% annualized. Funding shifts continuously, so check the live table above before trading.

How GRAM funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to GRAM

Markets also quoted on both Lighter and MEXC — the same two exchanges you would already have funded for the GRAM trade.

See every spread between them on the Lighter vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this