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WIF funding rate live

The open-interest-weighted WIF funding rate is 0.0119% per 8 hours (≈13% APR) across 9 perpetual markets, so longs pay shorts. The highest rate is 0.0254% on Hyperliquid (WIF) and the lowest 0.0100% on MEXC (WIF_USDT), a spread of 0.0154% per 8h (≈17% APR). These markets hold $70.06M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly.

Tracking for ~4h Updates every 5 s WIF overview

Funding, 8hOI-weighted
0.0119%
≈13% APRlongs pay shorts
HighestHyperliquid
0.0254%
≈28% APRWIF
LowestMEXC
0.0100%
≈11% APRWIF_USDT
Spread between exchanges
0.0154%
≈17% APRArbitrage →

WIF funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Who pays Open interest OI share 24h volume Price Trade
MEXC WIF_USDT 0.0100% 11% Longs pay $22.19M 31.7% $3.43M 0.2459 Trade
Binance WIFUSDT 0.0100% 11% Longs pay $17.87M 25.5% $21.49M 0.2460 Trade
Hyperliquid WIF 0.0254% 28% Longs pay $8.43M 12.0% $1.09M 0.2465 Trade
Bybit WIFUSDT 0.0100% 11% Longs pay $8.15M 11.6% $8.19M 0.2460 Trade
Bitget WIFUSDT 0.0100% 11% Longs pay $7.17M 10.2% $2.89M 0.2462 Trade
KuCoin WIFUSDTM 0.0100% 11% Longs pay $3.70M 5.3% $5.38M 0.2461 Trade
Binance WIFUSDC 0.0100% 11% Longs pay $1.62M 2.3% $1.43M 0.2459 Trade
Gate WIF_USDT 0.0100% 11% Longs pay $615K 0.9% $2.09M 0.2461 Trade
HTX WIF-USDT 0.0100% 11% Longs pay $311K 0.4% $553K 0.2471 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours; every rate here is converted to 8 hours. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

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WIF funding history

From recorded history, hourly

WIF funding has averaged 0.0168% per 8 hours since 13:15 UTC on 27 Sep (≈18% APR), positive in 100% of hourly readings, so longs mostly paid shorts.

WIF funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

About the WIF funding rate

What is the WIF funding rate?

WIF perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold WIF; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the WIF rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.