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W Perpetual Funding Rates

Updated 4 min ago ยท annualized from current funding

As of 4 min ago, W perpetual funding is mixed across venues. The richest rate is +11.0% APR on Hyperliquid โ€” a long there pays roughly +0.030% per day while the rate holds (a short collects it). The cheapest is -24.5% APR on OKX. The widest market-neutral spread is +35.5% APR: long the W perp on OKX, short it on Hyperliquid, and the position has no W price exposure โ€” just the funding gap (before fees). Tracked open interest is around $2M.

Funding by venue

VenueFunding APRIntervalNext
Binance (predicted)+8.94%4h08:00 UTC
Bybit (predicted)+11.0%4h08:00 UTC
OKX-24.5%4h08:00 UTC
Hyperliquid+11.0%1hโ€”

Cross-venue spread

Long W on OKX, short on Hyperliquid โ†’ +35.5% APR gross, delta-neutral.

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