GRASS Funding Rate — live across 13 venues

Compared across 13 supported venues · net of estimated fees · updated every few minutes

Live annualized GRASS perpetual funding across all 13 venues Perpia tracks. Right now GRASS funding is positive on 13 and negative on 0, ranging from +39.4% on Lighter to +10.9% on Aster — a spread of 28.5%. The widest delta-neutral trade is long MEXC / short Lighter at 25.8% net APR.

venues

paying positive

28.5%

funding spread

Best GRASS spread now

25.8%

net APR after fees

Long MEXC→Short Lighter

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

GRASS funding trend & liquidity

168h of history

28.5%

current gross APR

17.2%

24h average

3.9%

7-day average

$229K

pair OI · lower leg

$32K

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.

GRASS funding rate history

30d · 6h buckets · 12 venues

164%0-12.1%

6 Aug5 Sep

GRASS — average across 12 venuesAsterExtendedHyperliquidBinance

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: +16.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

GRASS funding rate by venue

12 pairs scanned

Venue	Funding APR	Interval
Lighter ↗	+39.4%	8h
Extended ↗	+11.4%	1h
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
OKX ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Aster ↗	+10.9%	1h

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.

GRASS arbitrage — 30-day backtest

long MEXC · short Lighter

9.6%

backtested APR

+$78

historical net P&L on $10,000

0.01%

max drawdown

$10,000$10,078

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short Lighter would have produced 9.6% APR — versus the 25.8% the live spread implies right now (equity $10,000 → $10,078). 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 GRASS backtest…

GRASS funding — FAQ

Is GRASS funding positive right now?

GRASS perpetual funding is positive on 13 of 13 venues Perpia tracks. The highest is +39.4% on Lighter; the lowest is +10.9% on Aster.

What is the best GRASS funding arbitrage right now?

Go long MEXC and short Lighter for about 25.8% net APR after fees — the widest delta-neutral GRASS spread Perpia currently sees.

Which exchange has the highest GRASS funding rate?

Lighter, at +39.4% annualized. Funding shifts continuously, so check the live table above before trading.

How GRASS 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 GRASS

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