EWY funding rates

EWY perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
12.1%long Bitget, short Entropy · net 6.6%
Highest funding now
16.1%MEXCCEX
Lowest funding now
−5.6%BitgetCEX
Listed on
11 venues

Funding by venue

7d chartFlagsOpen
MEXCCEXEWY_USDT16.1%4.7%7.1%7.1%7.4%32%8h16:00174.90$6.4M$3.4MTradFiMxMEXC
VariationalEWY11.8%3.9%5.0%5.5%5.2%34%8h—175.02$596k$1.4MTradFiVaVariational
RWA PerpPERP_EWY_USDC_mythos10.9%11.0%11.0%10.9%11.0%100%8h16:00174.94$2k$0TradFiRwRWA Perp
PolymarketEWY-USD5.5%6.3%9.8%6.8%10.4%100%1h09:00174.69$26k$29kTradFiPmPolymarket
LighterEWY3.5%5.0%4.3%4.7%4.1%100%1h09:00175.18$146k$46kTradFiLiLighter
Entropyio:EWY1.4%4.4%11.4%11.7%12.6%99%1h—174.88$603k$445kTradFi
AsterEWYUSDT0.5%0.9%3.5%4.4%4.0%23%8h16:00174.97$274k$9kTradFiAsAster
GRVTEWY_USDT_Perp0.0%6.2%6.2%5.8%6.2%33%8h16:00174.86$685k$548kTradFiGrGRVT
BybitCEXEWYUSDT0.0%13.9%11.1%6.7%10.6%76%8h16:00175.01$4.8M$1.7MTradFiByBybit
GateCEXEWY_USDT0.0%2.0%7.5%4.1%8.5%70%8h16:00175.08$4.9M$2.0MTradFiGtGate
BitgetCEXEWYUSDT−5.6%−7.3%−0.7%2.4%0.4%33%8h16:00175.02$3.1M$2.4MTradFiBgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
BitgetCEXEntropy7.0%11.7%12.1%9.5%6.6%9.9%6.3dsteady$603k8h/1hTradFiBgcalc
BitgetCEXBybitCEX5.6%21.2%11.8%4.3%5.8%8.6%7.1dsteady$3.1MTradFiBgBycalc
LighterEntropy−2.1%−0.7%7.1%6.9%4.8%7.2%4.6dcooling$146kTradFiLicalc
VariationalEntropy−10.5%0.4%6.4%6.7%4.0%6.1%5.1dcooling$596k8h/1hTradFispread not incl.Vacalc
LighterBybitCEX−3.5%8.8%6.8%2.0%4.0%5.9%5.9dcooling$146k1h/8hTradFiLiBycalc
BitgetCEXMEXCCEX21.7%12.0%7.7%4.7%3.6%5.3%7.6dsteady$3.1MTradFiBgMxcalc
AsterEntropy0.9%3.5%7.8%8.3%3.4%5.1%7.9dsteady$274k8h/1hTradFiAscalc
VariationalBybitCEX−11.8%9.9%6.1%1.1%3.2%4.8%6.6dcooling$596kTradFispread not incl.VaBycalc
BitgetCEXPolymarket11.1%13.6%10.5%4.4%5.3%7.9%7.0dsteady$26klow OI8h/1hTradFiinvite onlyBgPmcalc
AsterBybitCEX−0.5%12.9%7.5%2.3%2.6%3.8%9.2dcooling$274kTradFiAsBycalc
BitgetCEXVariational17.4%11.2%5.7%3.1%2.6%3.8%7.7dweak$596kTradFispread not incl.BgVacalc
BitgetCEXLighter9.1%12.4%4.9%2.3%1.8%2.7%8.9dweak$146k8h/1hTradFiBgLicalc
LighterPolymarket2.0%1.2%5.5%1.9%3.5%5.2%5.3dsteady$26klow OITradFiinvite onlyLiPmcalc
BitgetCEXGRVT5.6%13.5%6.9%3.4%1.4%2.2%11dsteady$685kTradFiBgGrcalc
VariationalPolymarket−6.3%2.3%4.8%1.4%2.7%4.1%6.1dcooling$26klow OI8h/1hTradFiinvite onlyspread not incl.VaPmcalc
BitgetCEXGateCEX5.6%9.3%8.2%1.8%1.2%1.8%12dsteady$3.1MTradFiBgGtcalc
AsterPolymarket5.0%5.4%6.2%2.6%2.1%3.1%9.3dsteady$26klow OI8h/1hTradFiinvite onlyAsPmcalc
VariationalMEXCCEX4.3%0.8%2.1%1.5%1.0%1.5%7.1dweak$596kTradFispread not incl.VaMxcalc
MEXCCEXEntropy−14.7%−0.3%4.3%5.7%1.0%1.4%11dcooling$603k8h/1hTradFiMxcalc
LighterMEXCCEX12.6%−0.4%2.8%2.4%1.8%2.6%5.2dmixed$146k1h/8hTradFiLiMxcalc
GRVTEntropy1.4%−1.8%5.2%6.9%0.5%0.7%13dcooling$603k8h/1hTradFiGrcalc
LighterVariational8.3%−1.1%0.7%0.8%0.7%1.1%<0.1dmixed$146k1h/8hTradFispread not incl.LiVacalc
AsterMEXCCEX15.6%3.8%3.5%2.7%0.4%0.6%13dweak$274kTradFiAsMxcalc
MEXCCEXBybitCEX−16.1%9.2%4.0%−0.4%0.1%0.2%14dweak$4.8MTradFiMxBycalc
GRVTBybitCEX0.0%7.7%4.8%0.9%−0.4%−0.6%15dweak$685kTradFiGrBycalc
AsterVariational11.3%3.0%1.5%1.1%−0.6%−1.0%20dweak$274kTradFispread not incl.AsVacalc
LighterGRVT−3.5%1.2%2.0%1.1%−0.4%−0.5%17dmixed$146k1h/8hTradFiLiGrcalc
MEXCCEXPolymarket−10.6%1.6%2.7%0.0%−0.4%−0.6%16dweak$26klow OI8h/1hTradFiinvite onlyMxPmcalc
BitgetCEXAster6.1%8.2%4.2%2.0%−1.0%−1.5%17dweak$274kTradFiBgAscalc
VariationalGRVT−11.8%2.3%1.2%0.3%−1.1%−1.7%27dweak$596kTradFispread not incl.VaGrcalc
LighterGateCEX−3.5%−3.1%3.3%−0.6%−0.6%−0.9%17dmixed$146k1h/8hTradFiLiGtcalc
VariationalGateCEX−11.8%−1.9%2.5%−1.4%−1.4%−2.1%22dweak$596kTradFispread not incl.VaGtcalc
AsterLighter3.0%4.1%0.7%0.3%−1.4%−2.1%42dweak$146k8h/1hTradFiAsLicalc
GRVTPolymarket5.5%0.1%3.6%1.3%−0.9%−1.3%17dweak$26klow OI8h/1hTradFiinvite onlyGrPmcalc
AsterGRVT−0.5%5.3%2.7%1.4%−1.7%−2.6%23dweak$274kTradFiAsGrcalc
AsterGateCEX−0.5%1.1%4.0%−0.2%−2.0%−3.0%21dweak$274kTradFiAsGtcalc
GateCEXEntropy1.4%2.4%3.9%6.6%−2.4%−3.6%23dweak$603k8h/1hTradFiGtcalc
GRVTMEXCCEX16.1%−1.5%0.8%1.3%−2.6%−3.9%58dweak$685kTradFiGrMxcalc
GateCEXBybitCEX0.0%11.9%3.5%2.5%−3.2%−4.9%27dweak$4.8MTradFiGtBycalc
GRVTVariational11.8%−2.3%−1.2%−0.3%−3.6%−5.4%—weak$596kTradFispread not incl.GrVacalc
GRVTLighter3.5%−1.2%−2.0%−1.1%−4.3%−6.5%—weak$146k8h/1hTradFiGrLicalc
MEXCCEXGateCEX−16.1%−2.7%0.5%−2.9%−4.5%−6.7%145dweak$4.9MTradFiMxGtcalc
GRVTGateCEX0.0%−4.2%1.3%−1.7%−5.0%−7.4%68dweak$685kTradFiGrGtcalc
GRVTAster0.5%−5.3%−2.7%−1.4%−7.1%−10.7%—weak$274kTradFiGrAscalc
GateCEXPolymarket5.5%4.3%2.3%2.0%−3.7%−5.6%37dweak$26klow OI8h/1hTradFiinvite onlyGtPmcalc
BybitCEXEntropy1.4%−9.5%0.3%4.0%−4.9%−7.3%224dmixed$603k8h/1hTradFiBycalc
GateCEXMEXCCEX16.1%2.7%−0.5%2.9%−5.4%−8.1%—mixed$4.9MTradFiGtMxcalc
PolymarketEntropy−4.1%−1.9%1.6%4.9%−2.8%−4.3%39dmixed$26klow OITradFiinvite onlyPmcalc
EntropyPolymarket4.1%1.9%−1.6%−4.9%−6.0%−9.0%—weak$26klow OITradFiinvite onlyPmcalc
GateCEXVariational11.8%1.9%−2.5%1.4%−6.4%−9.7%—mixed$596kTradFispread not incl.GtVacalc
GateCEXLighter3.5%3.1%−3.3%0.6%−7.2%−10.8%—mixed$146k8h/1hTradFiGtLicalc
PolymarketBybitCEX−5.5%7.6%1.3%0.8%−3.7%−5.5%55dmixed$26klow OI1h/8hTradFiinvite onlyPmBycalc
EntropyMEXCCEX14.7%0.3%−4.3%−5.7%−7.7%−11.6%—mixed$603k1h/8hTradFiMxcalc
BybitCEXMEXCCEX16.1%−9.2%−4.0%0.4%−7.9%−11.9%—mixed$4.8MTradFiByMxcalc
EntropyVariational10.5%−0.4%−6.4%−6.7%−8.7%−13.1%—mixed$596k1h/8hTradFispread not incl.Vacalc
BybitCEXVariational11.8%−9.9%−6.1%−1.1%−8.9%−13.4%—mixed$596kTradFispread not incl.ByVacalc
EntropyLighter2.1%0.7%−7.1%−6.9%−9.5%−14.2%—mixed$146kTradFiLicalc
BybitCEXLighter3.5%−8.8%−6.8%−2.0%−9.7%−14.5%—mixed$146k8h/1hTradFiByLicalc
GateCEXAster0.5%−1.1%−4.0%0.2%−10.0%−15.0%—mixed$274kTradFiGtAscalc
PolymarketMEXCCEX10.6%−1.6%−2.7%0.0%−5.9%−8.8%—mixed$26klow OI1h/8hTradFiinvite onlyPmMxcalc
BybitCEXPolymarket5.5%−7.6%−1.3%−0.8%−6.2%−9.3%—mixed$26klow OI8h/1hTradFiinvite onlyByPmcalc
BybitCEXAster0.5%−12.9%−7.5%−2.3%−12.5%−18.7%—mixed$274kTradFiByAscalc
PolymarketVariational6.3%−2.3%−4.8%−1.4%−6.9%−10.3%—mixed$26klow OI1h/8hTradFiinvite onlyspread not incl.PmVacalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 08:01 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

EWY · TradFi

No two venues give a usable spread right now.

EWY: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter175.175Gate175.08Variational175.024Bitget175.02Bybit175.01Aster174.969RWA Perp174.94MEXC174.9Entropy174.88GRVT174.858Polymarket174.69
Polymarket174.690.277%0.223%0.191%0.189%0.183%0.159%0.143%0.120%0.109%0.096%—
GRVT174.8580.181%0.127%0.095%0.093%0.087%0.063%0.047%0.024%0.013%—−0.096%
Entropy174.880.169%0.114%0.082%0.080%0.074%0.051%0.034%0.011%—−0.013%−0.109%
MEXC174.90.157%0.103%0.071%0.069%0.063%0.039%0.023%—−0.011%−0.024%−0.120%
RWA Perp174.940.134%0.080%0.048%0.046%0.040%0.016%—−0.023%−0.034%−0.047%−0.143%
Aster174.9690.118%0.064%0.031%0.029%0.024%—−0.016%−0.039%−0.051%−0.063%−0.159%
Bybit175.010.094%0.040%0.008%0.006%—−0.024%−0.040%−0.063%−0.074%−0.087%−0.183%
Bitget175.020.089%0.034%0.002%—−0.006%−0.029%−0.046%−0.069%−0.080%−0.093%−0.189%
Variational175.0240.086%0.032%—−0.002%−0.008%−0.031%−0.048%−0.071%−0.082%−0.095%−0.191%
Gate175.080.054%—−0.032%−0.034%−0.040%−0.064%−0.080%−0.103%−0.114%−0.127%−0.223%
Lighter175.175—−0.054%−0.086%−0.089%−0.094%−0.118%−0.134%−0.157%−0.169%−0.181%−0.277%
All quotes (11)
VenueBidAskQualityAgeVol 24hFlags
Aster174.969174.969mark5m$9kclosedno FX
BitgetCEX175.02175.02mark5m$2.4Mclosedno FX
BybitCEX175.01175.01mark5m$1.7Mclosedno FX
Entropy174.88174.88mark5m$445kclosed
GateCEX175.08175.08mark5m$2.0Mclosedno FX
GRVT174.858174.858mark5m$548kclosedno FX
Lighter175.175175.175mark5m$46kclosed
MEXCCEX174.9174.9mark5m$3.4Mclosedno FX
Polymarket174.69174.69mark5m$29kclosed
RWA Perp174.94174.94mark5m$0closed
Variational175.024175.024mark5m$1.4Mclosed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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