EWT Funding Rate — perpetuals across 7 venues

TradFi perpetual · compared across 7 venues · net of estimated fees · updated every few minutes

EWT is an equity-linked perpetual referencing EWT, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized EWT perpetual funding across all 7 venues Perpia tracks. Right now EWT funding is positive on 0 and negative on 2, ranging from +0.0% on MEXC to -47.4% on Hyperliquid — a spread of 47.4%. The widest delta-neutral trade is long Hyperliquid / short MEXC at 40.6% net APR.

venues

paying positive

47.4%

funding spread

Best EWT spread now

40.6%

net APR after fees

Long Hyperliquid→Short MEXC

size depends on live venue depth — see the real cap in the scanner

EWT funding trend & liquidity

168h of history

47.4%

current gross APR

13.8%

24h average

8.9%

7-day average

$2.0M

pair OI · lower leg

$67K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

EWT funding rate history

30d · 6h buckets · 9 venues

59.7%0-83.2%

6 Aug5 Sep

EWT — average across 9 venuesAsterBitgetMEXCOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +0.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

EWT funding rate by venue

10 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
OKX ↗	+0.0%	8h
Bybit ↗	+0.0%	8h
Variational ↗	+0.0%	8h
trade.xyz ↗	-47.4%	1h
Hyperliquid ↗	-47.4%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs MEXC page.

EWT arbitrage — 30-day backtest

long Hyperliquid · short MEXC

7.1%

backtested APR

+$58

historical net P&L on $10,000

0.26%

max drawdown

$10,000$10,058

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short MEXC would have produced 7.1% APR — versus the 40.6% the live spread implies right now (equity $10,000 → $10,058). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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EWT funding — FAQ

Is EWT funding positive right now?

EWT perpetual funding is positive on 0 of 7 venues Perpia tracks and negative on 2. The highest is +0.0% on MEXC; the lowest is -47.4% on Hyperliquid.

What is the best EWT funding arbitrage right now?

Go long Hyperliquid and short MEXC for about 40.6% net APR after fees — the widest delta-neutral EWT spread Perpia currently sees.

Which exchange has the highest EWT funding rate?

MEXC, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.

How EWT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to EWT

Markets also quoted on both Hyperliquid and MEXC — the same two exchanges you would already have funded for the EWT trade.

See every spread between them on the Hyperliquid vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this