Wormhole (W) Funding Rate History
Wormhole (W) perpetual futures funding ranges from -18.90 bps on VARIATIONAL to 1.00 bps on GRVT across 14 reporting venues, a spread of 19.90 bps. The most extreme rate (-206.95% APY annualized) is on VARIATIONAL. Currently funding signs are mixed: 6 positive, 8 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 |
|---|---|---|---|---|
| VARIATIONAL | -18.90 bps | -206.95% APY | -15.20 bps | $28.04K |
| PHEMEX | -6.50 bps | -71.17% APY | -5.70 bps | $277.38K |
| COINBASE INTL | -4.40 bps | -48.18% APY | -3.30 bps | $65.51K |
| OKX | -2.70 bps | -29.57% APY | -1.80 bps | $780.77K |
| CRYPTOCOM | -1.40 bps | -15.33% APY | -5.90 bps | $274.76 |
| BITGET | -1.10 bps | -12.04% APY | -0.70 bps | $307.42K |
| GRVT | 1.00 bps | 10.95% APY | 0.90 bps | $676.43K |
| GATEIO | 1.00 bps | 10.95% APY | 0.00 bps | $123.33K |
| BYBIT | -0.80 bps | -8.76% APY | -0.20 bps | $1.03M |
| KUCOIN | -0.80 bps | -8.76% APY | -0.50 bps | $88.40K |
| BINANCE | 0.70 bps | 7.66% APY | -0.10 bps | $2.16M |
| HYPERLIQUID | 0.70 bps | 7.66% APY | -2.00 bps | $271.41K |
| MEXC | 0.70 bps | 7.66% APY | -0.10 bps | $194.60K |
| BINGX | 0.60 bps | 6.57% APY | 0.70 bps | $6.54M |
Last updated 2026-07-20T05:37:15Z (UTC).
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Related: W open interest, W volume, W perp market data.