GRASS funding rates

GRASS perpetual funding across 10 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 4.1%long Gate, short Lighter · net 0.2%
Highest funding now: 100%Hyperliquid
Lowest funding now: 10.5%Lighter
Listed on: 10 venues

Funding by venue

													Open
Hyperliquid	GRASS	100%	27.9%	13.7%	29.0%	11.4%	100%	1h	—	0.8765	$44.8M	$14.9M	HyHyperliquid
Extended	GRASS-USD	11.4%	11.4%	12.3%	14.4%	12.5%	100%	1h	04:00	0.8746	$426k	$1.6M	ExExtended
Aster	GRASSUSDT	10.9%	10.9%	14.2%	25.9%	14.7%	100%	4h	04:00	0.8743	$114k	$475k	AsAster
BinanceCEX	GRASSUSDT	10.9%	10.9%	12.1%	14.3%	12.3%	100%	4h	04:00	0.874	$27.4M	$99.5M	BnBinance
BybitCEX	GRASSUSDT	10.9%	10.9%	10.9%	9.6%	10.9%	100%	4h	04:00	0.8733	$37.0M	$35.0M	ByBybit
BitgetCEX	GRASSUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	04:00	0.8728	$9.6M	$9.3M	BgBitget
GateCEX	GRASS_USDT	10.9%	9.4%	10.7%	9.9%	10.9%	100%	4h	04:00	0.8732	$4.0M	$3.9M	GtGate
MEXCCEX	GRASS_USDT	10.9%	10.9%	12.2%	14.0%	12.4%	100%	4h	04:00	0.8788	$2.8M	$7.5M	MxMEXC
Variational	GRASS	10.9%	10.9%	10.9%	4.5%	10.9%	100%	4h	—	0.8595	$3.2M	$138k	VaVariational
Lighter	GRASS	10.5%	10.5%	14.9%	37.0%	15.6%	100%	1h	04:00	0.8617	$1.3M	$512k	LiLighter

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	Lighter	−0.4%	−0.4%	3.9%	32.5%	3.9%	5.9%	<0.1d	mixed	$1.3M	4h/1hspread not incl.	Va Li	calc
Variational	Aster	0.0%	0.0%	3.3%	21.4%	1.2%	1.8%	9.0d	weak	$114k	spread not incl.	Va As	calc
MEXCCEX	Lighter	−0.4%	−0.4%	2.7%	23.1%	1.6%	2.4%	5.5d	mixed	$1.3M	4h/1h	Mx Li	calc
Extended	Lighter	−0.9%	−0.9%	2.5%	22.6%	1.2%	1.8%	7.2d	mixed	$426k		Ex Li	calc
BybitCEX	Lighter	−0.4%	−0.4%	4.0%	27.5%	1.1%	1.6%	10d	mixed	$1.3M	4h/1h	By Li	calc
BitgetCEX	Lighter	−0.4%	−0.4%	3.9%	26.1%	0.8%	1.2%	11d	mixed	$1.3M	4h/1h	Bg Li	calc
Variational	Hyperliquid	89.2%	16.9%	2.8%	24.4%	0.4%	0.6%	12d	spike ×40.5	$3.2M	4h/1hspread not incl.	Va Hy	calc
GateCEX	Lighter	−0.4%	1.1%	4.1%	27.2%	0.2%	0.3%	13d	mixed	$1.3M	4h/1h	Gt Li	calc
Variational	Extended	0.4%	0.4%	1.4%	9.9%	0.1%	0.1%	13d	weak	$426k	4h/1hspread not incl.	Va Ex	calc
BinanceCEX	Lighter	−0.4%	−0.4%	2.7%	23.9%	0.1%	0.2%	13d	mixed	$1.3M	4h/1h	Bn Li	calc
Variational	MEXCCEX	0.0%	0.0%	1.2%	9.4%	0.2%	0.3%	12d	weak	$2.8M	≠ asset?spread not incl.	Va Mx	calc
MEXCCEX	Aster	0.0%	0.0%	2.0%	11.9%	−1.1%	−1.7%	22d	weak	$114k		Mx As	calc
Variational	BinanceCEX	0.0%	0.0%	1.2%	8.1%	−1.4%	−2.1%	31d	weak	$3.2M	spread not incl.	Va Bn	calc
BybitCEX	Aster	0.0%	0.0%	3.3%	16.3%	−1.7%	−2.5%	21d	weak	$114k		By As	calc
BitgetCEX	Aster	0.0%	0.0%	3.3%	15.0%	−2.0%	−2.9%	22d	weak	$114k		Bg As	calc
MEXCCEX	Extended	0.4%	0.4%	0.1%	0.5%	−2.2%	−3.3%	242d	weak	$426k	4h/1h	Mx Ex	calc
Hyperliquid	Lighter	−89.6%	−17.4%	1.1%	8.1%	−1.2%	−1.8%	29d	mixed	$1.3M		Hy Li	calc
GateCEX	Aster	0.0%	1.6%	3.5%	16.1%	−2.5%	−3.8%	24d	weak	$114k		Gt As	calc
BybitCEX	MEXCCEX	0.0%	0.0%	1.3%	4.4%	−2.6%	−3.9%	42d	weak	$2.8M		By Mx	calc
BinanceCEX	Aster	0.0%	0.0%	2.1%	11.8%	−2.6%	−4.0%	32d	weak	$114k		Bn As	calc
Lighter	Aster	0.4%	0.4%	−0.7%	−11.1%	−2.7%	−4.1%	—	weak	$114k	1h/4h	Li As	calc
BybitCEX	Extended	0.4%	0.4%	1.4%	4.9%	−2.7%	−4.1%	41d	weak	$426k	4h/1h	By Ex	calc
BybitCEX	Variational	0.0%	0.0%	0.0%	−5.0%	−2.8%	−4.2%	844d	weak	$3.2M	spread not incl.	By Va	calc
Aster	Lighter	−0.4%	−0.4%	0.7%	11.1%	−1.4%	−2.2%	45d	mixed	$114k	4h/1h	As Li	calc
BitgetCEX	MEXCCEX	0.0%	0.0%	1.2%	3.0%	−2.9%	−4.4%	47d	weak	$2.8M		Bg Mx	calc
Extended	Aster	−0.4%	−0.4%	1.9%	11.5%	−1.5%	−2.3%	25d	mixed	$114k	1h/4h	Ex As	calc
BitgetCEX	Extended	0.4%	0.4%	1.4%	3.5%	−3.1%	−4.6%	45d	weak	$426k	4h/1h	Bg Ex	calc
GateCEX	MEXCCEX	0.0%	1.6%	1.5%	4.1%	−3.5%	−5.2%	47d	weak	$2.8M		Gt Mx	calc
BinanceCEX	MEXCCEX	0.0%	0.0%	0.1%	0.0%	−3.6%	−5.4%	>999d	weak	$2.8M		Bn Mx	calc
GateCEX	Extended	0.4%	2.0%	1.6%	4.6%	−3.6%	−5.4%	46d	weak	$426k	4h/1h	Gt Ex	calc
GateCEX	Variational	0.0%	1.6%	0.2%	−5.3%	−3.7%	−5.5%	247d	weak	$3.2M	spread not incl.	Gt Va	calc
Lighter	MEXCCEX	0.4%	0.4%	−2.7%	−23.1%	−3.7%	−5.6%	—	weak	$1.3M	1h/4h	Li Mx	calc
MEXCCEX	Hyperliquid	89.2%	16.9%	1.5%	15.0%	−1.9%	−2.8%	31d	spike	$2.8M	4h/1h	Mx Hy	calc
BinanceCEX	Extended	0.4%	0.4%	0.2%	0.5%	−3.7%	−5.6%	294d	weak	$426k	4h/1h	Bn Ex	calc
Lighter	Extended	0.9%	0.9%	−2.5%	−22.6%	−3.8%	−5.7%	—	weak	$426k		Li Ex	calc
Lighter	Variational	0.4%	0.4%	−3.9%	−32.5%	−3.9%	−5.9%	—	weak	$1.3M	1h/4hspread not incl.	Li Va	calc
Hyperliquid	Aster	−89.2%	−16.9%	0.5%	−3.0%	−4.0%	−5.9%	129d	weak	$114k	1h/4h	Hy As	calc
BybitCEX	BinanceCEX	0.0%	0.0%	1.2%	4.7%	−4.2%	−6.3%	62d	weak	$27.4M		By Bn	calc
BitgetCEX	BinanceCEX	0.0%	0.0%	1.2%	3.3%	−4.5%	−6.8%	67d	weak	$9.6M		Bg Bn	calc
BybitCEX	Hyperliquid	89.2%	16.9%	2.8%	19.4%	−2.4%	−3.6%	26d	spike ×35.8	$37.0M	4h/1h	By Hy	calc
GateCEX	BinanceCEX	0.0%	1.6%	1.4%	4.5%	−5.1%	−7.7%	64d	weak	$4.0M		Gt Bn	calc
Aster	Extended	0.4%	0.4%	−1.9%	−11.5%	−5.3%	−7.9%	—	weak	$114k	4h/1h	As Ex	calc
Lighter	BinanceCEX	0.4%	0.4%	−2.7%	−23.9%	−5.3%	−8.0%	—	weak	$1.3M	1h/4h	Li Bn	calc
BitgetCEX	Hyperliquid	89.2%	16.9%	2.8%	18.0%	−2.7%	−4.1%	28d	spike ×40.5	$9.6M	4h/1h	Bg Hy	calc
BybitCEX	BitgetCEX	0.0%	0.0%	0.0%	1.4%	−5.9%	−8.9%	>999d	weak	$9.6M		By Bg	calc
GateCEX	Hyperliquid	89.2%	18.5%	3.0%	19.1%	−3.3%	−4.9%	29d	spike ×44.3	$4.0M	4h/1h	Gt Hy	calc
GateCEX	BybitCEX	0.0%	1.6%	0.2%	−0.3%	−6.6%	−9.9%	545d	weak	$4.0M		Gt By	calc
BinanceCEX	Hyperliquid	89.2%	16.9%	1.6%	15.4%	−3.4%	−5.1%	44d	spike	$27.4M	4h/1h	Bn Hy	calc
GateCEX	BitgetCEX	0.0%	1.6%	0.2%	1.1%	−6.8%	−10.2%	444d	weak	$4.0M		Gt Bg	calc
Lighter	BybitCEX	0.4%	0.4%	−4.0%	−27.5%	−6.8%	−10.2%	—	weak	$1.3M	1h/4h	Li By	calc
Lighter	Hyperliquid	89.6%	17.4%	−1.1%	−8.1%	−3.5%	−5.2%	—	spike	$1.3M		Li Hy	calc
Lighter	BitgetCEX	0.4%	0.4%	−3.9%	−26.1%	−7.0%	−10.6%	—	weak	$1.3M	1h/4h	Li Bg	calc
Lighter	GateCEX	0.4%	−1.1%	−4.1%	−27.2%	−8.0%	−12.1%	—	weak	$1.3M	1h/4h	Li Gt	calc
Extended	Hyperliquid	88.7%	16.5%	1.4%	14.5%	−2.3%	−3.4%	37d	spike	$426k		Ex Hy	calc
Aster	Hyperliquid	89.2%	16.9%	−0.5%	3.0%	−4.9%	−7.4%	—	spike	$114k	4h/1h	As Hy	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

GRASS: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.8788
MEXC0.8788	—

All quotes (10)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.8788	0.8788	mark	6m	$7.5M	no FX
Aster	0.874285	0.874285	mark	11m	$475k	staleno FX
BinanceCEX	0.874012	0.874012	mark	11m	$99.5M	staleno FX
BitgetCEX	0.8728	0.8728	mark	11m	$9.3M	staleno FX
BybitCEX	0.8733	0.8733	mark	11m	$35.0M	staleno FX
Extended	0.87457	0.87457	mark	11m	$1.6M	stale
GateCEX	0.8732	0.8732	mark	11m	$3.9M	staleno FX
Hyperliquid	0.87652	0.87652	mark	11m	$14.9M	stale
Lighter	0.86172	0.86172	mark	11m	$512k	stale
Variational	0.859493	0.859493	mark	11m	$138k	stale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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