W Funding Rate Today
Current W funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.
W funding is live, but the current annualized signal does not survive reality adjustments cleanly.
Current W funding by exchange
Mirage is present but more contained, meaning a larger share of headline annualized funding currently survives reality.
Advertised APR is annualized from current funding. Model-Adjusted APR is a public estimate after Mirage and execution-aware adjustments.
See Binance funding indexFunding rate is the periodic transfer between longs and shorts in perpetual futures. A positive annualized rate can still degrade materially once fees, decay, and crowding are applied.
Read methodologyReview funding rate riskValidation status for this public metric.
Supported means stronger observed coverage. Calibration and exploratory indicate weaker empirical depth.
W Funding Rate FAQ
What is the current W funding rate?
The average W funding rate across major exchanges is -5614.9% advertised APR. After model adjustments for execution reality, the model-adjusted APR is approximately -5614.9%.
Which exchange has the best W funding rate?
Currently, Binance offers the best model-adjusted APR for W perpetual futures funding. This accounts for execution costs, decay, and crowding effects that reduce headline yields.
How much of W funding yield actually survives?
The current Mirage for W is 0.0%, meaning approximately 100.0% of the headline annualized funding survives execution reality. Mirage accounts for fees, basis drag, decay, and crowding.
When is the next W funding payment?
Funding payments occur at fixed intervals: Binance: 8h, OKX: 4h, Bybit: 4h. The exact next payment time depends on the exchange, but perpetual futures funding typically settles every 8 hours on most venues.
What factors affect W perpetual futures funding?
W funding rates are driven by the balance between long and short positions, spot-perpetual basis, market sentiment, and leverage demand. High positive funding indicates bullish crowding; negative funding suggests bearish pressure.