W funding rates and arbitrage
Updated 2026-10-30 06:19 UTC
Best W arbitrage after every cost
No W pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
W funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | WUSD-PERP | 0.0045% | 1 h | +39.7% | +13.1% | $3K | 2026-10-30 07:00 |
| WhiteBIT | W_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $1.2M | 2026-10-30 08:00 |
| Variational | W-PERP | 0.0050% | 4 h | +10.9% | — | $45.8K | 2026-10-30 08:00 |
| KuCoin | WUSDTM | 0.0050% | 4 h | +10.9% | −9.0% | $893.5K | 2026-10-30 08:00 |
| GRVT | W_USDT_Perp | 0.0050% | 4 h | +10.9% | +6.3% | $130.8K | 2026-10-30 08:00 |
| Aster | WUSDT | 0.0050% | 4 h | +10.9% | −2.4% | $39.2K | 2026-10-30 08:00 |
| BingX | W-USDT | -0.0005% | 4 h | −1.1% | −0.8% | $864.6K | 2026-10-30 08:00 |
| Bitget | WUSDT | -0.0008% | 4 h | −1.8% | −17.1% | $1.3M | 2026-10-30 08:00 |
| LBank | WUSDT | -0.0009% | 4 h | −2.0% | — | — | 2026-10-30 08:00 |
| WOO X | PERP_W_USDT | -0.0009% | 4 h | −2.1% | −13.2% | $1.3K | 2026-10-30 08:00 |
| MEXC | W_USDT | -0.0010% | 4 h | −2.2% | −13.2% | $4.8M | 2026-10-30 08:00 |
| Hyperliquid | W | -0.0003% | 1 h | −2.5% | −2.8% | $2.8M | 2026-10-30 07:00 |
| Binance | WUSDT | -0.0012% | 4 h | −2.6% | −13.2% | $4.9M | 2026-10-30 08:00 |
| Extended | W-USD | -0.0003% | 1 h | −2.6% | −13.1% | $78.8K | 2026-10-30 07:00 |
| Bybit | WUSDT | -0.0020% | 4 h | −4.5% | −11.4% | $4.3M | 2026-10-30 08:00 |
| Bitunix | WUSDT | -0.0039% | 4 h | −8.6% | −12.7% | — | 2026-10-30 08:00 |
| OKX | W-USDT-SWAP | -0.0086% | 4 h | −18.8% | −28.0% | $1.8M | 2026-10-30 08:00 |
| Kraken | PF_WUSD | -0.0029% | 1 h | −25.3% | −30.6% | $178.8K | 2026-10-30 07:00 |
| Gate | W_USDT | -0.0123% | 4 h | −26.9% | −15.6% | $453.9K | 2026-10-30 08:00 |
| Backpack | W_USDC_PERP | -0.0043% | 1 h | −37.9% | +16.1% | $21.2K | 2026-10-30 07:00 |
| Arcus | W-USD | -0.0075% | 1 h | −65.7% | −21.6% | $12.2K | 2026-10-30 07:00 |
Borrow W to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 11.66% | — |
| Binance | 13.68% | — |
| Gate | 20.29% | $120K |
| Bybit | 20.54% | — |
| OKX | 25.49% | — |
Cost to enter $10,000 of W
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | W-USD | 4.3 bp | top of book only |
| MEXC | W_USDT | 5.3 bp | top of book only |
| Binance | WUSDT | 5.9 bp | top of book only |
| BingX | W-USDT | 5.9 bp | top of book only |
| Bybit | WUSDT | 5.9 bp | top of book only |
| GRVT | W_USDT_Perp | 6.7 bp | top of book only |
| OKX | W-USDT-SWAP | 6.8 bp | top of book only |
| Gate | W_USDT | 7.9 bp | top of book only |
| Variational | W-PERP | 8.8 bp | top of book only |
| Bitget | WUSDT | 10.4 bp | top of book only |
| Hyperliquid | W | 13.3 bp | top of book only |
| Aster | WUSDT | 13.7 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on W
Questions
Is W funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no W pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest W funding rate?
Crypto.com at +39.7% a year (0.0045% every 1 h); the lowest is Arcus at −65.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.