W perpetuals
Compare funding costs for one asset across venues.
Data as of 2026-10-15 04:09 UTC
W is quoted on 7 contracts. The highest funding rate is on Bybit at -11.05% annualised, quoted per 4h, and the lowest is on Gate at -91.76% — a gap of 80.71 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.
By venue
| Venue | Rate | Annualised | 30d realised APR | Max leverage | 24h turnover | Actions |
|---|---|---|---|---|---|---|
| BybitCentralisedWUSDT | -0.0050%4h | -11.05% | +3.13% |
50x | 23.8M | |
| AsterOn-chainWUSDT | -0.0078%4h | -17.11% | — no history yet |
— | 258.9K | |
| HyperliquidOn-chainW | -0.0026%1h | -23.11% | +8.21% |
5x | 3.9M | |
| BitgetCentralisedWUSDT | -0.0172%4h | -37.67% | +5.75% |
50x | 7.8M | |
| OKXCentralisedW-USDT-SWAP | -0.0283%4h | -62.05% | -6.32% |
20x | 33.6M | |
| BinanceCentralisedWUSDT | -0.0344%4h | -75.40% | +2.18% |
50x | 68.4M | |
| GateCentralisedW_USDT | -0.0419%4h | -91.76% | -6.95% |
75x | 8.0M |
Common questions
Which exchanges list W perpetual futures?
W trades as 7 perpetual contracts across 7 venues: Aster, Binance, Bitget, Bybit, Gate, Hyperliquid and OKX. The busiest is Binance, with $68.4M of 24h turnover — 47% of the total.
Where is W funding cheapest right now?
For a long, the most favourable collected rate is -91.76% annualised on Gate; for a short, it is -11.05% on Bybit — a gap of 80.71 points. Every venue collected has shorts paying right now.
How much funding does a 10,000 USDT W position pay per day?
At current rates a 10,000 USDT long pays about -3.03 USDT a day on Bybit and -25.14 USDT on Gate. Over the past 30 days Bybit actually settled an average of +0.86 USDT a day on the same position. A negative figure means the long is paid.
How often does W funding settle?
It depends on the venue: Hyperliquid every 1h; Aster, Binance, Bitget, Bybit, Gate and OKX every 4h.
What has W funding actually paid over the past 30 days?
The highest realised figure was on Hyperliquid: +8.21% annualised across 719 settlements, 10% of them negative. The lowest was Gate, at -6.95%. 6 of the 7 contracts have at least a week of settled history to measure.
What is the highest leverage available on W?
The highest collected cap is 75x, on Gate. On Gate it applies up to 5K USDT of notional; above that the cap drops to 50x.
Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions
W comparison scope and payment direction
This page retains low-turnover W contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.
Rates and chart methodology
Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.
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Margin ladders
Bybit · WUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 10000 quote | 1.5000% | 50.00x | — |
| 2 | 10000 – 25000 quote | 2.0000% | 25.00x | 50 |
| 3 | 25000 – 30000 quote | 2.0800% | 24.00x | 70 |
| 4 | 30000 – 35000 quote | 2.1700% | 23.00x | 97 |
| 5 | 35000 – 40000 quote | 2.2700% | 22.00x | 132 |
| 6 | 40000 – 45000 quote | 2.3800% | 21.00x | 176 |
| 7 | 45000 – 50000 quote | 2.5000% | 20.00x | 230 |
| 8 | 50000 – 60000 quote | 2.6300% | 19.00x | 295 |
| 9 | 60000 – 70000 quote | 2.7800% | 18.00x | 385 |
| 10 | 70000 – 80000 quote | 2.9400% | 17.00x | 497 |
| 11 | 80000 – 90000 quote | 3.1300% | 16.00x | 649 |
| 12 | 90000 – 100000 quote | 3.3300% | 15.00x | 829 |
| 13 | 100000 – 110000 quote | 3.5700% | 14.00x | 1069 |
| 14 | 110000 – 120000 quote | 3.8500% | 13.00x | 1377 |
| 15 | 120000 – 130000 quote | 4.1700% | 12.00x | 1761 |
| 16 | 130000 – 140000 quote | 4.5500% | 11.00x | 2255 |
| 17 | 140000 – 150000 quote | 5.0000% | 10.00x | 2885 |
| 18 | 150000 – 160000 quote | 5.5600% | 9.00x | 3725 |
| 19 | 160000 – 170000 quote | 6.2500% | 8.00x | 4829 |
| 20 | 170000 – 180000 quote | 7.1400% | 7.00x | 6342 |
| 21 | 180000 – 200000 quote | 8.3300% | 6.00x | 8484 |
| 22 | 200000 – 250000 quote | 10.0000% | 5.00x | 11824 |
| 23 | 250000 – 300000 quote | 11.1100% | 4.50x | 14599 |
| 24 | 300000 – 350000 quote | 12.5000% | 4.00x | 18769 |
| 25 | 350000 – 400000 quote | 14.2900% | 3.50x | 25034 |
| 26 | 400000 – 500000 quote | 16.6700% | 3.00x | 34554 |
| 27 | 500000 – 750000 quote | 20.0000% | 2.50x | 51204 |
| 28 | 750000 – 1250000 quote | 25.0000% | 2.00x | 88704 |
| 29 | 1250000 – 2500000 quote | 33.3300% | 1.50x | 192829 |
| 30 | 2500000 – ∞ quote | 50.0000% | 1.00x | 609579 |
Hyperliquid · W With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 10.0000% | 5.00x | — |
Bitget · WUSDT No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 1.0000% | 50.00x | — |
| 2 | 5000 – 10000 quote | 2.0000% | 25.00x | — |
| 3 | 10000 – 25000 quote | 2.5000% | 20.00x | — |
| 4 | 25000 – 62500 quote | 5.0000% | 10.00x | — |
| 5 | 62500 – 125000 quote | 10.0000% | 5.00x | — |
| 6 | 125000 – 250000 quote | 12.5000% | 4.00x | — |
| 7 | 250000 – 7500000 quote | 25.0000% | 2.00x | — |
| 8 | 7500000 – ∞ quote | 50.0000% | 1.00x | — |
OKX · W-USDT-SWAP No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 680000 base | 2.0000% | 20.00x | — |
| 2 | 680001 – 1360000 base | 3.0000% | 15.00x | — |
| 3 | 1360001 – 2040000 base | 4.0000% | 12.50x | — |
| 4 | 2040001 – 2720000 base | 4.5000% | 11.76x | — |
| 5 | 2720001 – 3400000 base | 5.0000% | 11.11x | — |
| 6 | 3400001 – 4080000 base | 5.5000% | 10.52x | — |
| 7 | 4080001 – 4760000 base | 6.0000% | 10.00x | — |
| 8 | 4760001 – 5440000 base | 6.5000% | 9.52x | — |
| 9 | 5440001 – 6120000 base | 7.0000% | 9.09x | — |
| 10 | 6120001 – 6800000 base | 7.5000% | 8.69x | — |
| 11 | 6800001 – 7480000 base | 8.0000% | 8.33x | — |
| 12 | 7480001 – 8160000 base | 8.5000% | 8.00x | — |
| 13 | 8160001 – 8840000 base | 9.0000% | 7.69x | — |
| 14 | 8840001 – 9520000 base | 9.5000% | 7.40x | — |
| 15 | 9520001 – 10200000 base | 10.0000% | 7.14x | — |
| 16 | 10200001 – 10880000 base | 10.5000% | 6.89x | — |
| 17 | 10880001 – 11560000 base | 11.0000% | 6.66x | — |
| 18 | 11560001 – 12240000 base | 11.5000% | 6.45x | — |
| 19 | 12240001 – 12920000 base | 12.0000% | 6.25x | — |
| 20 | 12920001 – 13600000 base | 12.5000% | 6.06x | — |
| 21 | 13600001 – 14280000 base | 13.0000% | 5.88x | — |
| 22 | 14280001 – 14960000 base | 13.5000% | 5.71x | — |
| 23 | 14960001 – 15640000 base | 14.0000% | 5.55x | — |
| 24 | 15640001 – 16320000 base | 14.5000% | 5.40x | — |
| 25 | 16320001 – 17000000 base | 15.0000% | 5.26x | — |
| 26 | 17000001 – 17680000 base | 15.5000% | 5.12x | — |
| 27 | 17680001 – 18360000 base | 16.0000% | 5.00x | — |
| 28 | 18360001 – 19040000 base | 16.5000% | 4.87x | — |
| 29 | 19040001 – 19720000 base | 17.0000% | 4.76x | — |
| 30 | 19720001 – 20400000 base | 17.5000% | 4.65x | — |
| 31 | 20400001 – 21080000 base | 18.0000% | 4.54x | — |
| 32 | 21080001 – 21760000 base | 18.5000% | 4.44x | — |
| 33 | 21760001 – 22440000 base | 19.0000% | 4.34x | — |
| 34 | 22440001 – 23120000 base | 19.5000% | 4.25x | — |
| 35 | 23120001 – 23800000 base | 20.0000% | 4.16x | — |
| 36 | 23800001 – 24480000 base | 20.5000% | 4.08x | — |
| 37 | 24480001 – 25160000 base | 21.0000% | 4.00x | — |
| 38 | 25160001 – 25840000 base | 21.5000% | 3.92x | — |
| 39 | 25840001 – 26520000 base | 22.0000% | 3.84x | — |
| 40 | 26520001 – 27200000 base | 22.5000% | 3.77x | — |
| 41 | 27200001 – 27880000 base | 23.0000% | 3.70x | — |
| 42 | 27880001 – 28560000 base | 23.5000% | 3.63x | — |
| 43 | 28560001 – 29240000 base | 24.0000% | 3.57x | — |
| 44 | 29240001 – 29920000 base | 24.5000% | 3.50x | — |
| 45 | 29920001 – 30600000 base | 25.0000% | 3.44x | — |
| 46 | 30600001 – 31280000 base | 25.5000% | 3.38x | — |
| 47 | 31280001 – 31960000 base | 26.0000% | 3.33x | — |
| 48 | 31960001 – 32640000 base | 26.5000% | 3.27x | — |
| 49 | 32640001 – 33320000 base | 27.0000% | 3.22x | — |
| 50 | 33320001 – 34000000 base | 27.5000% | 3.17x | — |
| 51 | 34000001 – 34680000 base | 28.0000% | 3.12x | — |
| 52 | 34680001 – 35360000 base | 28.5000% | 3.07x | — |
| 53 | 35360001 – 36040000 base | 29.0000% | 3.03x | — |
| 54 | 36040001 – 36720000 base | 29.5000% | 2.98x | — |
| 55 | 36720001 – 37400000 base | 30.0000% | 2.94x | — |
| 56 | 37400001 – 38080000 base | 30.5000% | 2.89x | — |
| 57 | 38080001 – 38760000 base | 31.0000% | 2.85x | — |
| 58 | 38760001 – 39440000 base | 31.5000% | 2.81x | — |
| 59 | 39440001 – 40120000 base | 32.0000% | 2.77x | — |
| 60 | 40120001 – 40800000 base | 32.5000% | 2.73x | — |
| 61 | 40800001 – 41480000 base | 33.0000% | 2.70x | — |
| 62 | 41480001 – 42160000 base | 33.5000% | 2.66x | — |
| 63 | 42160001 – 42840000 base | 34.0000% | 2.63x | — |
| 64 | 42840001 – 43520000 base | 34.5000% | 2.59x | — |
| 65 | 43520001 – 44200000 base | 35.0000% | 2.56x | — |
| 66 | 44200001 – 44880000 base | 35.5000% | 2.53x | — |
| 67 | 44880001 – 45560000 base | 36.0000% | 2.50x | — |
| 68 | 45560001 – 46240000 base | 36.5000% | 2.46x | — |
| 69 | 46240001 – 46920000 base | 37.0000% | 2.43x | — |
| 70 | 46920001 – 47600000 base | 37.5000% | 2.40x | — |
| 71 | 47600001 – 48280000 base | 38.0000% | 2.38x | — |
| 72 | 48280001 – 48960000 base | 38.5000% | 2.35x | — |
| 73 | 48960001 – 49640000 base | 39.0000% | 2.32x | — |
| 74 | 49640001 – 50320000 base | 39.5000% | 2.29x | — |
| 75 | 50320001 – 51000000 base | 40.0000% | 2.27x | — |
| 76 | 51000001 – 51680000 base | 40.5000% | 2.24x | — |
| 77 | 51680001 – 52360000 base | 41.0000% | 2.22x | — |
| 78 | 52360001 – 53040000 base | 41.5000% | 2.19x | — |
| 79 | 53040001 – 53720000 base | 42.0000% | 2.17x | — |
| 80 | 53720001 – 54400000 base | 42.5000% | 2.15x | — |
| 81 | 54400001 – 55080000 base | 43.0000% | 2.12x | — |
| 82 | 55080001 – 55760000 base | 43.5000% | 2.10x | — |
| 83 | 55760001 – 56440000 base | 44.0000% | 2.08x | — |
| 84 | 56440001 – 57120000 base | 44.5000% | 2.06x | — |
| 85 | 57120001 – 57800000 base | 45.0000% | 2.04x | — |
| 86 | 57800001 – 58480000 base | 45.5000% | 2.02x | — |
| 87 | 58480001 – 59160000 base | 46.0000% | 2.00x | — |
Binance · WUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 1.5000% | 50.00x | — |
| 2 | 5000 – 10000 quote | 2.0000% | 25.00x | 25 |
| 3 | 10000 – 25000 quote | 2.5000% | 20.00x | 75 |
| 4 | 25000 – 62500 quote | 5.0000% | 10.00x | 700 |
| 5 | 62500 – 125000 quote | 10.0000% | 5.00x | 3825 |
| 6 | 125000 – 250000 quote | 12.5000% | 4.00x | 6950 |
| 7 | 250000 – 500000 quote | 16.6700% | 3.00x | 17375 |
| 8 | 500000 – 7500000 quote | 25.0000% | 2.00x | 59025 |
| 9 | 7500000 – 12500000 quote | 50.0000% | 1.00x | 1934025 |
Gate · W_USDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 0.8333% | 75.00x | — |
| 2 | 5000 – 10000 quote | 1.0000% | 50.00x | 8.335 |
| 3 | 10000 – 20000 quote | 1.5000% | 40.00x | 58.335 |
| 4 | 20000 – 30000 quote | 2.0000% | 30.00x | 158.335 |
| 5 | 30000 – 50000 quote | 2.5000% | 25.00x | 308.335 |
| 6 | 50000 – 70000 quote | 3.0000% | 20.00x | 558.335 |
| 7 | 70000 – 100000 quote | 4.0000% | 16.00x | 1258.335 |
| 8 | 100000 – 150000 quote | 5.0000% | 14.00x | 2258.335 |
| 9 | 150000 – 200000 quote | 6.0000% | 12.00x | 3758.335 |
| 10 | 200000 – 300000 quote | 8.0000% | 10.00x | 7758.335 |
| 11 | 300000 – 500000 quote | 10.0000% | 8.00x | 13758.335 |
| 12 | 500000 – 700000 quote | 12.0000% | 6.00x | 23758.335 |
| 13 | 700000 – 1000000 quote | 15.0000% | 5.00x | 44758.335 |
| 14 | 1000000 – 2000000 quote | 20.0000% | 4.00x | 94758.335 |
| 15 | 2000000 – 3000000 quote | 30.0000% | 3.00x | 294758.335 |
| 16 | 3000000 – 5000000 quote | 45.0000% | 2.00x | 744758.335 |
| 17 | 5000000 – 7000000 quote | 60.0000% | 1.50x | 1494758.335 |
| 18 | 7000000 – ∞ quote | 90.0000% | 1.05x | 3594758.335 |