W funding arbitrage
Funding rate divergence on Wormhole (W) perpetuals across 12 exchanges. Long where the rate is lower, short where it is higher — you collect the difference up to 3 times a day, fully delta-neutral.
Live spreads across all exchanges
Real numbers from the scanner, refreshed every minute. Open a row and the trading terminal loads with both legs already set.
Why {ticker} funding drifts apart
Each of the 12 venues listing the W perpetual sets funding from its own premium index and its own crowd of open positions. When leverage piles onto one side on a single exchange, that rate runs away from the rest — and the gap is visible well before the next payment on Wormhole.
Frequently asked questions
What is W funding arbitrage?
The funding rate on W perpetuals differs between exchanges. You go long where the rate is lower and short where it is higher, collecting the funding difference up to 3 times a day. The position is delta-neutral, so the price of W does not affect the result.
Where can I see the W funding rate in real time?
Arbitrex shows current W funding rates on all 12 exchanges and computes the net yield after fees. Open the scanner to see live data.
What are the risks of W funding arbitrage?
The main risks are rate changes, fees and liquidity. Because the position is hedged (long plus short), a directional move in the W price does not create a loss on the position itself.