EWY Funding Rate — South Korea ETF perpetuals across 11 venues
TradFi perpetual · compared across 11 venues · net of estimated fees · updated every few minutesEWY 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 11 venues Perpia tracks. Right now EWY funding is positive on 1 and negative on 2, ranging from +5.0% on Vest to -88.7% on Ondo Perps — a spread of 93.7%. The widest delta-neutral trade is long Ondo Perps / short MEXC at 86.6% 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.
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Build a route
any two of the 11 venuesThis route is 5 pp below the widest one right now (Ondo Perps → Vest). 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 · 11 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Vest↗ | +5.0% | every 1h | |
| MEXC↗short | +0.0% | every 8h | |
| Variational↗ | +0.0% | every 8h | |
| OKX↗ | +0.0% | every 8h | |
| HTX↗ | +0.0% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| Bybit↗ | +0.0% | every 8h | |
| Bitget↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h | |
| below — these venues pay the longs: this is the leg you buy | |||
| EntropyIO↗ | −16.5% | every 1h | |
| Ondo Perpslong | −88.7% | 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 Ondo Perps vs MEXC page. 18 pairs scanned for EWY.
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EWY — FAQ
Is EWY funding positive right now?
EWY perpetual funding is positive on 1 of 11 venues Perpia tracks and negative on 2. The highest is +5.0% on Vest; the lowest is -88.7% on Ondo Perps.
What is the best EWY funding arbitrage right now?
Go long Ondo Perps and short MEXC for about 86.6% net APR after fees — the widest delta-neutral EWY spread Perpia currently sees.
Which exchange has the highest EWY funding rate?
Vest, at +5.0% 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
also quoted on both MEXC and Ondo PerpsThe same two exchanges you would already have funded for the EWY trade. Every spread between them is on the MEXC vs Ondo Perps page.