W perpetual funding rates across exchanges

current funding on 5 exchanges, converted to a yearly rate. updated 2026-10-09 19:05 UTC.

highest: +10.95% a year on Bybit (WUSDT). lowest: +7.01% on Extended (W-USD). spread: +3.94%.

by exchange, highest first

exchangemarketeveryrate / intervalannualizedcaptaker / makermax lev
BybitWUSDT4h0.0050%+10.95%0.5%/4h0.055% / 0.02%50x
HyperliquidW1h0.0013%+10.95%4%/1h0.045% / 0.015%5x
OKXW-USDT-SWAP4h0.0048%+10.46%1%/4h0.05% / 0.02%20x
BinanceWUSDT4h0.0034%+7.34%2%/4h0.05% / 0.02%-
ExtendedW-USD1h0.0008%+7.01%1%/1h0.025% / 0%5x

annualized = rate per interval × (8,760 ÷ interval hours). positive means longs pay shorts. exchanges pay funding every 1, 4 or 8 hours, so comparing raw rates across them is misleading; this table puts them on one scale.

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