GRASS Perpetual Futures

The open-interest-weighted GRASS funding rate is +0.0066% per 8 hours, or +7.25% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from +0.0028% on Crypto.com to +0.0593% on Kraken. Compare all funding rates.

GRASS perpetual open interest is $110.97M (159.34M GRASS), down 0.59% in 24 hours. Hyperliquid holds the most at $35.09M. That is 65.30% of Grass's market cap.

Grass is a decentralised network that turns spare residential bandwidth into a web data collection service. Users run a node through a browser extension or desktop app, and the network gathers public web pages and structures them into datasets. Contributors earn rewards in GRASS for the bandwidth they provide.

Grass perps traded $84.85M in the last 24 hours, +45.44% on the day before. Binance leads with 32%, followed by OKX ($15.96M) and Bybit ($14.11M).

Over the last 24 hours 51.0% of accounts are long and 49.0% short, a long/short ratio of 1.04. See the long/short ratio by exchange.

GRASS is a token on Solana. It was first distributed through an airdrop to people who had run Grass nodes before launch, so a large group of holders received tokens at no cost, which can add selling pressure during rallies.

Grass produces web datasets intended for training and fine-tuning AI models, so its token tends to trade with other AI and data projects. When AI narratives are strong, GRASS perps often see higher funding and open interest, and the reverse applies when the sector cools.

$112.3K of GRASS positions were liquidated in 24 hours, $34.2K longs and $78.1K shorts. Binance saw the most at $41.9K. See liquidations across the market.

Large GRASS liquidations usually follow periods where open interest builds quickly alongside high funding, a sign that leverage is crowded on one side. The liquidations page shows when those positions are forced out, and a cluster of long liquidations can mark the end of a sharp rally.

GRASS perpetual futures are derivatives contracts that track the price of GRASS and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any GRASS.

Funding is a payment between longs and shorts. When GRASS perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

GRASS perps trade on 12 tracked exchanges. By volume the largest are Binance, OKX and Bybit. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.