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Wormhole (W) Perpetual Futures

Wormhole (W) Perpetual Futures — Live Data

Market Overview

Wormhole is a leading cross-chain messaging and bridge protocol connecting over 30 blockchains, enabling token and data transfers between ecosystems. W perpetual futures are available on centralized exchanges. W perps offer leveraged exposure to the cross-chain interoperability narrative, with token value tied to bridge volume and messaging adoption across connected chains.

W Perps Data — Infrastructure Category

This page aggregates perpetual futures data for crypto infrastructure tokens, including cross-exchange volume, open interest breakdowns, funding rates, and liquidation flows. Infrastructure token perps tend to show steadier open interest growth compared to more narrative-driven sectors, reflecting consistent demand from builders and long-term holders. Funding rates for infrastructure tokens are useful for gauging whether the market is pricing in sustained adoption or speculative hype around new integrations. Volume patterns often correlate with network usage metrics like query counts, storage deals, or oracle update frequency.

Trading Tips for Wormhole Perps

W price correlates with cross-chain bridge volume and multichain activity. Monitor Wormhole message counts and bridge transfer volumes — spikes in cross-chain activity, especially around new chain launches or token migrations, tend to drive W price appreciation.

Where to Trade Wormhole (W) Perpetual Futures

Wormhole (W) perpetual futures are available on 9 exchanges. Compare fees, leverage, and features below to find the best platform for trading W perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Maker Fee
-0.003%
Taker Fee
0.035%
Max Leverage
20x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/5
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/5
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/5
Maker Fee
0.020%
Taker Fee
0.100%
Max Leverage
20x
Rating
7.0/5

Frequently Asked Questions — Wormhole (W)

What is the current W perpetual futures funding rate?
The live Wormhole (W) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing W perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest W perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 W perpetual futures trade across all major exchanges. Compare fees for W perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Wormhole open interest compare across exchanges?
Wormhole (W) open interest is broken down by exchange in the chart above, showing the total value of outstanding W derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the W long/short ratio indicate?
The Wormhole long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade W perpetual futures?
Wormhole (W) perps are currently listed on 9 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: Infrastructure · Data updates every 2 minutes · All rates shown are annualized