EWT Funding Rate — perpetuals across 6 venues

TradFi perpetual · compared across 6 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 6 venues Perpia tracks. Right now EWT funding is positive on 0 and negative on 1, ranging from +0.0% on Bitget to -9.1% on Hyperliquid — a spread of 9.1%. The widest delta-neutral trade is long Hyperliquid / short Bitget at 2.9% net APR.

6venues

0paying positive

9.1%funding spread

Best EWT spread now

2.9%

net APR after fees

LongHyperliquid↗→ShortBitget↗

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

EWT funding trend & liquidity

168h of history

9.1%current gross APR

6.0%24h average

5.2%7-day average

$813Kpair OI · lower leg

$316K24h 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 · Hyperliquid → Bitget — no history

Loading EWT rate history…

Build a route

any two of the 6 venues

Long (pays you)every 1hShort (you collect)every 8h

Gross spread+9.1%+$2.48 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 6 venues

Venue	Funding APR ↓	Interval
Bitget↗short	+0.0%	every 8h
MEXC↗	+0.0%	every 8h
Bybit↗	+0.0%	every 8h
Variational↗	+0.0%	every 8h
OKX↗	+0.0%	every 8h
Hyperliquid↗long	−9.1%	every 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 Bitget page. 5 pairs scanned for EWT.

EWT arbitrage — 30-day backtest

long Hyperliquid · short Bitget

3.1%backtested APR

+$26historical net P&L on $10,000

0.12%max drawdown

$10,000$10,026

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short Bitget would have produced 3.1% APR — versus the 2.9% the live spread implies right now (equity $10,000 → $10,026). 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 — FAQ

Is EWT funding positive right now?

EWT perpetual funding is positive on 0 of 6 venues Perpia tracks and negative on 1. The highest is +0.0% on Bitget; the lowest is -9.1% on Hyperliquid.

What is the best EWT funding arbitrage right now?

Go long Hyperliquid and short Bitget for about 2.9% net APR after fees — the widest delta-neutral EWT spread Perpia currently sees.

Which exchange has the highest EWT funding rate?

Bitget, 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

also quoted on both Bitget and Hyperliquid

The same two exchanges you would already have funded for the EWT trade. Every spread between them is on the Bitget vs Hyperliquid page.

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