Wormhole (W) Funding Rate History
Wormhole (W) perpetual futures funding ranges from -6.60 bps on CRYPTOCOM to 2.50 bps on KUCOIN across 14 reporting venues, a spread of 9.10 bps. The most extreme rate (-72.27% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 2 positive, 12 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on W price.
W Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | -6.60 bps | -72.27% APY | 1.20 bps | $4.77K |
| GATEIO | -6.00 bps | -65.70% APY | -1.00 bps | $951.33K |
| PHEMEX | -4.00 bps | -43.80% APY | 0.70 bps | $1.87M |
| BYBIT | -3.20 bps | -35.04% APY | -0.30 bps | $7.55M |
| KUCOIN | 2.50 bps | 27.38% APY | -1.40 bps | $1.25M |
| HYPERLIQUID | -2.50 bps | -27.38% APY | 0.50 bps | $724.63K |
| BINANCE | -1.70 bps | -18.61% APY | -0.20 bps | $18.13M |
| MEXC | -1.70 bps | -18.61% APY | -0.20 bps | $1.53M |
| VARIATIONAL | -1.70 bps | -18.61% APY | 0.30 bps | $19.99K |
| OKX | -1.30 bps | -14.23% APY | 0.30 bps | $5.17M |
| GRVT | -1.10 bps | -12.04% APY | -0.50 bps | $867.23K |
| HUOBI | 1.00 bps | 10.95% APY | 8.40 bps | $30.79K |
| BITGET | -0.80 bps | -8.76% APY | 0.20 bps | $1.68M |
| BINGX | -0.60 bps | -6.57% APY | 0.90 bps | $7.06M |
Last updated 2026-06-04T17:54:36.538575Z (UTC).
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Related: W open interest, W volume, W perp market data.