W funding rate

Live Wormhole perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.030%Bybit

Lowest (24h)-0.040%OKX

Average (24h)+0.017%across 9 venues

Funding gap (24h)+0.070%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

BybitCEX · WUSDT+0.0050%4h—+0.030%+10.9%$0.0145-0.110%$4.22M

BitgetCEX · WUSDT+0.0050%4h—+0.030%+10.9%$0.0145-0.073%$1.02M

GateCEX · W_USDT+0.0050%4h—+0.030%+10.9%$0.0145+0.048%$32.91M

KuCoinCEX · WUSDTM+0.0050%4h03:43:18+0.030%+10.9%$0.01450.000%$531.1K

HyperliquidPerp DEX · W+0.0013%1h00:43:18+0.030%+10.9%$0.01450.000%$1.38M

VariationalCEX · W+0.0050%4h—+0.030%+10.9%$0.0145—$78.3K

BinanceCEX · WUSDT+0.0011%4h—+0.007%+2.4%$0.0145-0.080%—

MEXCCEX · W_USDT+0.0009%4h03:43:18+0.005%+2.0%$0.01450.000%$455.2K

OKXCEX · W-USDT-SWAP-0.0066%4h03:43:18-0.040%-14.4%$0.0145—$5.87M

W funding rate explained

Right now Wormhole (W) perpetual futures trade on 9 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on OKX at -0.040%. The average across all venues is +0.017% per day, or about +6.2% a year. Positive funding means W longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.070% per day. A delta-neutral position that shorts W on Bybit and goes long on OKX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live W arbitrage board for the price side of the trade.

Settlement intervals differ: W funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the W funding rate today?

The average W funding rate across 9 exchanges is +0.017% per 24 hours. It ranges from -0.040% on OKX to +0.030% on Bybit. Rates update every few seconds on this page.

Which exchange has the highest W funding rate?

Bybit currently has the highest W funding at +0.030% per day, and OKX the lowest at -0.040%.

How often is W funding paid?

W perpetuals settle funding every 1 hour and 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is W funding positive or negative?

On average it is positive (+0.017% per day): longs pay shorts.