W funding rates and arbitrage
W perpetuals trade on 16 contracts across 16 venues, forming 120 cross-venue arbitrage pairs. By net APR the current best pair is long Coinbase against short WhiteBIT, netting +267.62%, though note the legs settle on different cadences (1h / 4h)ใ
W perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| Binance | WUSDT | USDT | 4h | -0.0350% | -76.56% | -23.50% | $14.3M | 0.01329 |
| OKX | W-USDT-SWAP | USDT | 4h | -0.0425% | -93.05% | -36.97% | $7.7M | 0.01329 |
| BingX | W-USDT | USDT | 4h | -0.0178% | -39.07% | -7.21% | $6.8M | 0.01332 |
| Bybit | WUSDT | USDT | 4h | -0.0512% | -112.03% | -29.81% | $6.8M | 0.01329 |
| LBank | WUSDT | USDT | 4h | -0.0348% | -76.21% | -23.48% | $3.8M | 0.01329 |
| Bitget | WUSDT | USDT | 4h | -0.0219% | -47.96% | -16.32% | $3.0M | 0.01333 |
| Gate | W_USDT | USDT | 4h | -0.0302% | -66.14% | -48.39% | $1.3M | 0.01330 |
| MEXC | W_USDT | USDT | 4h | -0.0347% | -75.99% | -23.35% | $1.2M | 0.01329 |
| Hyperliquid | W | USDC | 1h | -0.0121% | -106.17% | -62.85% | $817K | 0.01329 |
| WhiteBIT | W_PERP | USDT | 4h | 0.0050% | +10.95% | +10.95% | $474K | 0.01327 |
| KuCoin | WUSDTM | USDT | 4h | -0.0078% | -17.08% | -0.25% | $179K | 0.01330 |
| Kraken | PF_WUSD | USD | 1h | -0.0078% | -68.20% | -45.11% | $132K | 0.01330 |
| Aster | WUSDT | USDT | 4h | -0.0221% | -48.44% | +2.77% | $51K | 0.01330 |
| Deribit | W_USDC-PERPETUAL | USDC | 8h | -0.0002% | -0.27% | -6.21% | $4K | 0.01331 |
| Crypto.com | WUSD-PERP | USD | 4h | -0.0033% | -7.25% | -14.37% | $101 | 0.01329 |
| Coinbase | W-PERP | USDC | 1h | -0.0293% | -256.67% | -256.67% | $0 | 0.01333 |
W cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Coinbase USDC | WhiteBIT USDT | +267.62% | 0.7332% | +267.62% | 1h / 4h | $0 |
| Coinbase USDC | Deribit USDC | +256.40% | 0.7025% | +250.46% | 1h / 8h | $0 |
| Coinbase USDC | Crypto.com USD | +249.41% | 0.6833% | +242.30% | 1h / 4h | $0 |
| Coinbase USDC | KuCoin USDT | +239.59% | 0.6564% | +256.42% | 1h / 4h | $0 |
| Coinbase USDC | BingX USDT | +217.60% | 0.5962% | +249.45% | 1h / 4h | $0 |
| Coinbase USDC | Bitget USDT | +208.71% | 0.5718% | +240.34% | 1h / 4h | $0 |
| Coinbase USDC | Aster USDT | +208.23% | 0.5705% | +259.44% | 1h / 4h | $0 |
| Coinbase USDC | Gate USDT | +190.53% | 0.5220% | +208.28% | 1h / 4h | $0 |
| Coinbase USDC | Kraken USD | +188.47% | 0.5164% | +211.56% | 1h matched | $0 |
| Coinbase USDC | MEXC USDT | +180.68% | 0.4950% | +233.32% | 1h / 4h | $0 |
| Coinbase USDC | LBank USDT | +180.46% | 0.4944% | +233.19% | 1h / 4h | $0 |
| Coinbase USDC | Binance USDT | +180.11% | 0.4934% | +233.17% | 1h / 4h | $0 |
Wormhole project profile
- Total
- 10.00B
- Max supply
- 10.00B
- Type
- Token
- Market cap rank
- #285
0x380bf199b3173cf7b3b321848ae1c5014a124444About
$W is a meme token and media brand centered on winning - in trades, memes, and life. At its core is The W Podcast, an AI-hosted short-format podcast series born on BNB Chain, where AI wolves interview notable Web3 projects, creators, and thought leaders. With a mission to merge culture, crypto, and AI into bite-sized, high-impact content, $W aims to empower the community through education, entertainment, and inspiration. It's more than a token - it's a symbol of success.
Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.
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