ArbiLayer

W funding rate

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

Connecting…
Highest (24h)+0.030%Binance
Lowest (24h)+0.022%OKX
Average (24h)+0.029%across 9 venues
Funding gap (24h)+0.008%short the highest, long the lowest
ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume
Binance logoBinanceCEX · WUSDT+0.0050%4h—+0.030%+10.9%$0.0147+0.004%—
Bybit logoBybitCEX · WUSDT+0.0050%4h—+0.030%+10.9%$0.0147-0.061%$2.20M
Bitget logoBitgetCEX · WUSDT+0.0050%4h—+0.030%+10.9%$0.0147-0.127%$575.4K
MEXC logoMEXCCEX · W_USDT+0.0050%4h03:20:49+0.030%+10.9%$0.0147-0.061%$265.7K
Gate logoGateCEX · W_USDT+0.0050%4h03:20:49+0.030%+10.9%$0.0147+0.075%$20.13M
KuCoin logoKuCoinCEX · WUSDTM+0.0050%4h03:20:49+0.030%+10.9%$0.0147-0.068%$112.2K
Hyperliquid logoHyperliquidPerp DEX · W+0.0013%1h00:20:49+0.030%+10.9%$0.0148+0.136%$881.4K
Variational logoVariationalCEX · W+0.0050%4h—+0.030%+10.9%$0.0146—$53.1K
OKX logoOKXCEX · W-USDT-SWAP+0.0037%4h03:20:49+0.022%+8.1%$0.0147—$2.48M

W funding rate explained

Right now Wormhole (W) perpetual futures trade on 9 exchanges we track. The highest funding is on Binance at +0.030% per day, the lowest on OKX at +0.022%. The average across all venues is +0.029% per day, or about +10.6% a year. Positive funding means W longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.008% per day. A delta-neutral position that shorts W on Binance 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.

Related: W arbitrage · Wormhole price · funding rates for all coins.

What is the W funding rate today?

The average W funding rate across 9 exchanges is +0.029% per 24 hours. It ranges from +0.022% on OKX to +0.030% on Binance. Rates update every few seconds on this page.

Which exchange has the highest W funding rate?

Binance currently has the highest W funding at +0.030% per day, and OKX the lowest at +0.022%.

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 (+0.029% per day): longs pay shorts.