iShares MSCI South Korea ETF (EWY) Funding Rate History
iShares MSCI South Korea ETF (EWY) perpetual futures funding ranges from -0.60 bps on KUCOIN to 15.90 bps on HOTSTUFF across 22 reporting venues, a spread of 16.50 bps. The most extreme rate (174.10% APY annualized) is on HOTSTUFF. Currently funding signs are mixed: 15 positive, 1 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on EWY price.
EWY Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| HOTSTUFF | 15.90 bps | 174.10% APY | 13.30 bps | $8.72K |
| WOOFIPRO | 8.20 bps | 89.79% APY | 8.00 bps | $280.53 |
| GATEIO | 3.10 bps | 33.95% APY | 1.20 bps | $5.61M |
| CRYPTOCOM | 2.20 bps | 24.09% APY | 1.60 bps | $20.31K |
| GRVT | 1.70 bps | 18.61% APY | 4.50 bps | $996.85K |
| DECIBEL | 1.60 bps | 17.52% APY | 4.20 bps | $29.49K |
| BINGX | 1.00 bps | 10.95% APY | 1.90 bps | $1.33M |
| KUCOIN | -0.60 bps | -6.57% APY | 0.10 bps | $341.71K |
| TRADEXYZ | 0.50 bps | 5.47% APY | 0.90 bps | $63.60M |
| VEST | 0.50 bps | 5.47% APY | 0.40 bps | $556.86K |
| PARADEX | 0.40 bps | 4.38% APY | 0.80 bps | $0 |
| EXTENDED | 0.30 bps | 3.28% APY | 0.10 bps | $8.81M |
| LIGHTER | 0.30 bps | 3.28% APY | 0.80 bps | $1.85M |
| COINBASE INTL | 0.20 bps | 2.19% APY | 0.30 bps | $1.62M |
| BYBIT | 0.10 bps | 1.09% APY | 3.60 bps | $14.33M |
| BITGET | 0.10 bps | 1.09% APY | 1.40 bps | $3.88M |
| BINANCE | 0.00 bps | 0.00% APY | 1.40 bps | $195.35M |
| OKX | 0.00 bps | 0.00% APY | 1.20 bps | $18.96M |
| VARIATIONAL | 0.00 bps | 0.00% APY | 1.30 bps | $1.57M |
| ASTER | 0.00 bps | 0.00% APY | 1.60 bps | $157.99K |
| HUOBI | 0.00 bps | 0.00% APY | 0.10 bps | $121.47K |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $36.74K |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: EWY open interest, EWY volume, EWY perp market data.