Wormhole is a cross-chain messaging protocol that enables secure transfers of data or tokens across different blockchain networks. It supports a variety of applications, including DeFi, NFTs, and governance, by allowing data to be moved between blockchains efficiently and securely. Wormhole employs multiple verification methods to ensure the integrity and validity of the data transmitted through its network.
Order Book
Connecting…Price Chart: W
Largest Bid Walls
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Largest Ask Walls
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W Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, W funding has averaged 0.00208% per hour, an annualised rate of 18.2%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.01343%. Work out what this costs on your own position with the funding rate calculator.
W funding & market FAQ
What is the current W funding rate?
The current W funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00208%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on W right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does W open interest tell me?
W currently has $7,570,233 of open interest, ranking #118 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a W position?
At the current mark price of $0.014830, a 10x long would be liquidated around $0.013347 and a 10x short around $0.016313. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade W perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's W positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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