Live Data

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.

Wormhole's W token governs one of the largest cross-chain messaging protocols. Perp positioning in W is effectively a view on bridge volumes and multichain activity — and, as with most infrastructure tokens with scheduled distributions, supply-event windows have historically been the dominant funding catalyst.

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 7 exchanges. The venue cards compare fees, leverage, and features for trading W perps.

Hyperliquid

Hyperliquid L1

Maker Fee

0.015%

Taker Fee

0.045%

Max Leverage

40x

Rating

9.2/10

Trade W Review

dYdX

dYdX Chain (Cosmos)

Maker Fee

0.010%

Taker Fee

0.050%

Max Leverage

50x

Rating

9.0/10

Trade W Review

Gains Network

Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana

Position Fee

0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads

Max Leverage

1000x

Rating

8.0/10

Trade W Review

SynFutures

Base

Maker Fee

0.010%

Taker Fee

0.020%

Max Leverage

100x

Rating

7.8/10

Trade W Review

Orderly Network

NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI

Maker Fee

Free

Taker Fee

0.030%

Max Leverage

50x

Rating

7.8/10

Trade W Review

DESK

Arbitrum, Base

Maker Fee

-0.010%

Taker Fee

0.017%

Max Leverage

1000x

Rating

7.8/10

Trade W Review

Aevo

Aevo L2

Maker Fee

0.050%

Taker Fee

0.080%

Max Leverage

20x

Rating

7.5/10

Trade W Review

Frequently Asked Questions — Wormhole (W)

What is the current W perpetual futures funding rate?▼

The live Wormhole (W) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists 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?▼

Among 6 tracked W venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.

How does Wormhole open interest compare across exchanges?▼

The Wormhole (W) open-interest chart shows the total value of outstanding W derivative contracts on each exchange. 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 listed on 7 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 2 more. The "Where to Trade Wormhole (W) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

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

Funding Rates Open Interest Liquidations Fee Comparison Exchange Deals

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