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Something is bent, but what bending causes this?
(files.catbox.moe)
A place to ask bicycle repair questions, and for bike shop monkeys to share advanced non commercial wrenching resources (no YouTube self promotion). This is only for repair related topics.
Every single freewheel does this, and it's not an issue.
The freewheel bearings don't line up exactly with the wheel bearings. This is always the case to some degree, because the interface between freewheel and hub is a non-precision thread.
It might look weird when freewheeling, but once you put use the pedals, freewheel and hub are rotating together, negating this wobble.