Wormhole (W) perpetual futures
W perpetual contracts on 7 reviewed venues.
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Funding rates
Annualized rates across exchanges
BybitCEX
Gate.ioCEX
BitgetCEX
BingXCEX
KuCoinCEX
HyperliquidDEX
Open interest
Per-exchange open interest
BybitHyperliquid
OKXBitgetKuCoinGate.ioWhat the W data shows
Funding direction differs by venue: longs pay on Bybit, Gate.io, and 3 more; longs receive on Deribit, KuCoin, and 5 more. The rates run from +10.95% a year on Bybit to -56.56% on OKX.
No venue holds half of the $20.9m in reported W open interest. Bybit has the largest share, 39.3%, and Hyperliquid is next with 23.8%.
The W settlement periods differ: 9 venues settle every 4 hours; Hyperliquid and Kraken settle every hour.
Bitget quoted W at $0.0149 and Bybit at $0.0149, a gap of 20.8 bps.
- Source: public APIs of 12 venues for W, read at October 16, 2026, 08:12 UTC.
Where to Trade Wormhole (W) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm W limits with the venue.
Wormhole (W) 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.
Frequently Asked Questions — Wormhole (W)
What funding data is available for W?
12 venues report a W funding rate in this read.
An annualized W rate extrapolates one reading and does not predict a return.
What open interest data is available for W?
8 venues report positive W open interest in this read.
The W total leaves out venues outside the read.
Which mapped venue has the lowest recorded W taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 6 mapped W maker/taker schedules.
1 W venue charges a position fee and is not compared.
Category: Infrastructure