Wormhole (W) Funding Rate History
Wormhole (W) perpetual futures funding ranges from -8.80 bps on KUCOIN to 1.00 bps on BINANCE across 14 reporting venues, a spread of 9.80 bps. The most extreme rate (-96.36% APY annualized) is on KUCOIN. Currently funding signs are mixed: 11 positive, 3 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 |
|---|---|---|---|---|
| KUCOIN | -8.80 bps | -96.36% APY | -6.00 bps | $982.16K |
| CRYPTOCOM | -8.70 bps | -95.26% APY | -8.40 bps | $9.62K |
| OKX | -5.30 bps | -58.03% APY | -0.80 bps | $4.24M |
| BINANCE | 1.00 bps | 10.95% APY | -0.10 bps | $9.99M |
| BINGX | 1.00 bps | 10.95% APY | 0.90 bps | $6.62M |
| BYBIT | 1.00 bps | 10.95% APY | 0.10 bps | $3.43M |
| BITGET | 1.00 bps | 10.95% APY | 0.70 bps | $1.32M |
| PHEMEX | 1.00 bps | 10.95% APY | -0.60 bps | $1.21M |
| MEXC | 1.00 bps | 10.95% APY | -0.10 bps | $945.79K |
| GRVT | 1.00 bps | 10.95% APY | -0.40 bps | $647.86K |
| GATEIO | 1.00 bps | 10.95% APY | -3.00 bps | $474.68K |
| HYPERLIQUID | 1.00 bps | 10.95% APY | -1.70 bps | $289.40K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $2.52K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 0.20 bps | $569.25 |
Last updated 2026-06-13T19:13:25.371217Z (UTC).
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Related: W open interest, W volume, W perp market data.