EWY Funding Rate — South Korea ETF perpetuals across 8 venues
TradFi perpetual · compared across 8 venues · net of estimated fees · updated every few minutes
EWY is an equity-linked perpetual referencing South Korea ETF, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized EWY perpetual funding across all 8 venues Perpia tracks. Right now EWY funding is positive on 2 and negative on 0, ranging from +12.7% on Bybit to +0.0% on Aster — a spread of 12.7%. The widest delta-neutral trade is long MEXC / short Bybit at 10.6% net APR.
EWY funding trend & liquidity
168h of historyAverages 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.
EWY funding rate by venue
12 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit↗ | +12.7% | 8h |
| KuCoin↗ | +10.9% | 8h |
| MEXC↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
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 MEXC vs Bybit page.
Loading EWY backtest…
EWY funding — FAQ
Is EWY funding positive right now?
EWY perpetual funding is positive on 2 of 8 venues Perpia tracks. The highest is +12.7% on Bybit; the lowest is +0.0% on Aster.
What is the best EWY funding arbitrage right now?
Go long MEXC and short Bybit for about 10.6% net APR after fees — the widest delta-neutral EWY spread Perpia currently sees.
Which exchange has the highest EWY funding rate?
Bybit, at +12.7% annualized. Funding shifts continuously, so check the live table above before trading.
How EWY 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 EWY
Markets also quoted on both Bybit and MEXC — the same two exchanges you would already have funded for the EWY trade.
See every spread between them on the Bybit vs MEXC page.