Dogwifhat (WIF) Perpetual Futures

The open-interest-weighted WIF funding rate is +0.0033% per 8 hours, or +3.62% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from -0.0107% on Gate to +0.0411% on Crypto.com. Compare all funding rates.

Dogwifhat, or WIF, is a memecoin on Solana named after a viral image of a dog wearing a knitted hat. It has no utility beyond being a tradable community token. It became one of the flagship Solana memecoins, and its price tracks meme sentiment more than any fundamental metric.

Generally, yes. WIF has a far smaller market value than DOGE and a shorter history, so its order books are thinner and its swings larger. DOGE is an older proof-of-work coin with its own chain, while WIF is a token on Solana. Compare the two markets with DOGE perps.

WIF funding spikes when traders pile into leveraged longs faster than shorts can absorb them, usually during memecoin rallies. Longs then pay shorts a premium each funding interval to keep the perp price close to spot. Sharply positive funding often comes before long liquidations if momentum fades.

WIF is a Solana token, so its trading depends on Solana DEXs, wallets and memecoin activity. Outages, congestion or a slowdown in on-chain speculation tend to cool demand for WIF, while busy Solana periods tend to lift it. SOL's own trend often sets the tone.

WIF perpetual futures are derivatives contracts that track the price of WIF and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any WIF.

Funding is a payment between longs and shorts. When WIF perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

WIF perps trade on 13 tracked exchanges. By volume the largest are BingX, Binance and Bybit. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.