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Live Data

Wormhole (W) Perpetual Futures

Wormhole (W) Perpetual Futures — Live Data

Trade Won 9 exchangesHyperliquid logoOpen on Hyperliquid

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.

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
9.2/10
Trade WReview
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/10
Trade WReview
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.050%
Taker Fee
0.050%
Max Leverage
1000x
Rating
8.0/10
Trade WReview
Drift Protocol logo
Maker Fee
-0.003%
Taker Fee
0.035%
Max Leverage
20x
Rating
8.0/10
Trade WReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/10
Trade WReview
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
7.8/10
Trade WReview
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/10
Trade WReview
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/10
Trade WReview
Zeta Markets logo
Maker Fee
0.020%
Taker Fee
0.100%
Max Leverage
20x
Rating
7.0/10
Trade WReview

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 lowest W taker fee is 0.017% on DESK, versus 0.020% on SynFutures. The cost comparison table above compares total cost — maker/taker fees plus slippage — for a $100,000 W trade across all 9 venues.
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 listed on 9 exchanges, including Hyperliquid, dYdX, Gains Network, Drift Protocol, and SynFutures, plus 4 more. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each venue.

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

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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