Chappell Roan lived out her pink pony dreams at a Los Angeles nightclub Friday ... when she found herself dancing in her heels near the stage and doling out dough to the performers!

The "HOT TO GO!" singer was at The Precinct -- a hot spot which claims to be DTLA's largest gay bar -- looking heavenly in her white flowy dress and matching heels.

Check out the clip ... like any fan, the hot beats and good vibes got Chappell jumping up and down through each act -- showing her appreciation through her cheers and her proverbial checkbook.

That's right ... Chappell waved over the performers with cold hard cash to show her support and love for some of the hardest workers in the biz.

As you can imagine, the love here was mutual, too ... because the star was seen laughing and chatting with one of the performers after their act.

Chappell got to take it easy -- for once -- enjoying a well-earned night off after crushing a performance at Noah Kahan's Hollywood Bowl show last weekend.

Chappel Roan dancing along to a drag show? Now that's a femininomenon.