# W funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/W/funding · window: last 30 days · generated 2026-11-14T10:52 UTC

What W (Wormhole) actually paid over the last 30 days: 6,300 settlements across 20 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Backpack paid the most over the window at +0.3535% of position size.

A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 48% of the 6,300 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +0.3535% on Backpack to -2.5084% on Crypto.com — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Backpack | 720 | +0.3535% | +4.30% | +0.0238% | -0.0379% | 2026-11-14 10:00 UTC |
| grvt | 180 | +0.2420% | +2.95% | +0.0050% | -0.1071% | 2026-11-14 08:00 UTC |
| BingX | 180 | -0.0141% | -0.17% | +0.0050% | -0.1026% | 2026-11-14 08:00 UTC |
| KuCoin | 180 | -0.2382% | -2.90% | +0.0050% | -0.1277% | 2026-11-14 08:00 UTC |
| Aster | 180 | -0.6206% | -7.56% | +0.0050% | -0.1234% | 2026-11-14 08:00 UTC |
| Bitget | 180 | -0.6665% | -8.11% | +0.0050% | -0.1248% | 2026-11-14 08:00 UTC |
| Hotcoin | 180 | -0.8202% | -9.99% | +0.0100% | -0.1563% | 2026-11-14 08:01 UTC |
| Arcus | 720 | -0.9516% | -11.59% | +0.0013% | -0.0535% | 2026-11-14 10:00 UTC |
| Pionex | 180 | -1.0217% | -12.44% | +0.0050% | -0.1517% | 2026-11-14 08:00 UTC |
| Bybit | 180 | -1.0371% | -12.63% | +0.0050% | -0.1680% | 2026-11-14 08:00 UTC |
| Hyperliquid | 720 | -1.1344% | -13.81% | +0.0013% | -0.0593% | 2026-11-14 10:00 UTC |
| Binance Futures | 180 | -1.1635% | -14.17% | +0.0050% | -0.1549% | 2026-11-14 08:00 UTC |
| WEEX | 180 | -1.1703% | -14.25% | +0.0050% | -0.1563% | 2026-11-14 08:00 UTC |
| Toobit | 180 | -1.1703% | -14.25% | +0.0050% | -0.1563% | 2026-11-14 08:00 UTC |
| MEXC | 180 | -1.1714% | -14.26% | +0.0050% | -0.1563% | 2026-11-14 08:00 UTC |
| Bitunix | 180 | -1.1760% | -14.32% | +0.0050% | -0.1626% | 2026-11-14 08:00 UTC |
| Extended | 720 | -1.1971% | -14.57% | +0.0013% | -0.0484% | 2026-11-14 10:00 UTC |
| OKX | 180 | -1.9824% | -24.14% | +0.0050% | -0.1652% | 2026-11-14 08:00 UTC |
| Gate.io | 180 | -2.0068% | -24.43% | +0.0252% | -0.1220% | 2026-11-14 08:00 UTC |
| Crypto.com | 720 | -2.5084% | -30.54% | +0.0126% | -0.0555% | 2026-11-14 10:00 UTC |

## FAQ

### Is the W funding rate a live quote or an actual payment?

A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 48% of the 6,300 settlements recorded here.

### Which exchange has paid the most settled W funding recently?

Backpack paid the most over the last 30 days at +0.3535% of position size across 720 settlements, an average annualized rate of +4.30%. This is a sum of actual payments, not a forecast.

### How often is W funding actually paid?

Over the last 30 days, ORBIT recorded 6,300 funding settlements for W across 20 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.

### What is the widest settled W funding spread between venues?

Over the last 30 days, settled totals ranged from +0.3535% on Backpack to -2.5084% on Crypto.com. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/W · Screener: https://orbitperpscreener.com/screener