EWY perps: where to trade MSCI South Korea ETF perpetual futures
12 tracked venues list EWY perps.
PerpFinder may earn a commission from this link. You can lose all your money on perp trades. Details
The cheapest place to trade EWY perps right now is Extended (EWY_24_5-USD): 1.36 bps all-in for a $10,000 market buy at the standard taker fee, measured 09:04 UTC on 2026-10-03.
The next two venues are trade.xyz 1.97 bps and Binance 5.10 bps. 10 of 12 EWY markets gave a measured cost.
Promo rate for eligible accounts: MEXC (EWY_USDT) shows 0.51 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the EWY fee for other accounts, so this cost is not ranked.
EWY perps list on 12 tracked venues: 6 centralized exchanges, 2 Hyperliquid HIP-3 deployments, 4 other decentralized venues. Avantis (EWY/USD) fills at an oracle price, with no public EWY book to measure.
Maximum EWY leverage runs from 2x on Avantis (EWY/USD) to 100x on MEXC (EWY_USDT).
EWY funding and open interest
Funding now runs from 0.0% a year on Aster to 18.3% on Gate, across 11 EWY markets. A positive rate means that longs pay shorts.
11 EWY markets report open interest, $65.3 million in total. Binance holds 52% of it ($33.8 million).
Measured EWY cost for a $10,000 buy
- Extended1.36
- trade.xyz1.97
- Binance5.10
- Bybit5.68
- Aster5.94
- Bitget8.01
- OKX8.10
- Lighter9.29
- Gate12.24
- EntropyIO29.81
Where to trade MSCI South Korea ETF perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Extended | EWY_24_5-USD | 10x | 0.0000% / 1 h | 0.0% | — | $171K | 0.36 | 0.010% (docs) | 1.36 | — |
| trade.xyz | xyz:EWY | 20x | +0.0006% / 1 h | +5.5% | +7.4% | $8.8M | 1.07 | 0.0090% (API, live) | 1.97 | — |
| Binance | EWYUSDT | 50x | 0.0000% / 8 h | 0.0% | +5.7% | $33.8M | 1.10 | 0.040% (docs, promotion for all accounts) | 5.10 | — |
| Bybit | EWYUSDT | 100x | +0.0041% / 8 h | +4.5% | +6.6% | $5.3M | 2.93 | 0.028% (docs, promotion for all accounts) | 5.68 | — |
| Aster | EWYUSDT | 20x | 0.0000% / 8 h | 0.0% | +3.9% | $298K | 4.69 | 0.013% (docs) | 5.94 | — |
| Bitget | EWYUSDT | 20x | 0.0000% / 8 h | 0.0% | +7.1% | $1.9M | 2.01 | 0.060% (API) | 8.01 | — |
| OKX | EWY-USDT-SWAP | 50x | 0.0000% / 8 h | 0.0% | +6.4% | $4.3M | 3.10 | 0.050% (docs) | 8.10 | — |
| Lighter | EWY | 20x | +0.0004% / 1 h | +3.5% | — | $154K | 9.29 | 0.000% (API) | 9.29 | — |
| Gate | EWY_USDT | 50x | +0.0167% / 8 h | +18.3% | +5.7% | $3.4M | 4.74 | 0.075% (API) | 12.24 | — |
| EntropyIO | io:EWY | 25x | +0.0002% / 1 h | +1.4% | +14.7% | $233K | 28.91 | 0.0090% (API, live) | 29.81 | — |
| MEXC | EWY_USDT | 100x | 0.0000% / 8 h | 0.0% | +5.8% | $7.0M | 0.51 | Not stated for all accounts | — | 0.000% = 0.51 bps (eligible accounts, source, 2026-09-25) |
| Avantis | EWY/USD | 2x | — | — | — | — | No EWY book | Oracle model | — | — |
Method: a $10,000 EWY market buy fills against each public EWY book.
The EWY book cost is that fill price against the mid, in bps. The EWY all-in cost adds the standard taker fee that every new account gets.
A EWY promo rate that only eligible accounts get is shown in its own column and is never ranked.
A EWY book price does not prove that the venue accepts EWY orders at that time, so check the EWY hours table.
Annual EWY funding is the rate per hour times 8,760, with no compounding. The EWY markets come from venue APIs read on 2026-09-25.
EWY trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | EWYUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Avantis | EWY/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | EWYUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | EWYUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | EWYUSDT | 24/7 | Index with Pyth |
| EntropyIO | io:EWY | 24/7, bands when closed | RedStone |
| Extended | EWY_24_5-USD | Per market in API | Stork, Blue Ocean ATS |
| Gate | EWY_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | EWY | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | EWY_USDT | Varies, no trades closed | Not named in docs |
| OKX | EWY-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| trade.xyz | xyz:EWY | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for EWY. Compare all tickers on the stock perps hub. Read how trade.xyz lists EWY on Hyperliquid.
Where to Trade iShares MSCI South Korea ETF (EWY) Perpetual Futures
Fees and leverage limits apply venue-wide; check EWY terms with the venue.
iShares MSCI South Korea ETF (EWY) market overview
EWY tracks the MSCI South Korea Index, providing exposure to Korean equities dominated by Samsung Electronics, SK Hynix, Hyundai, and other major Korean conglomerates. EWY perpetual futures offer concentrated exposure to Korean semiconductor, automotive, and consumer electronics sectors, with strong correlation to global tech cycle health and Chinese consumer demand for Korean products.
Frequently Asked Questions — iShares MSCI South Korea ETF (EWY)
What open interest data is available for EWY?
1 venue report positive EWY open interest in this read.
The EWY total leaves out venues outside the read.
How does an iShares MSCI South Korea ETF perpetual futures contract differ from the underlying asset?
An iShares MSCI South Korea ETF perpetual tracks the iShares MSCI South Korea ETF price, with no expiry date and no ownership of iShares MSCI South Korea ETF.
Check each venue for iShares MSCI South Korea ETF trading hours and the price source.
Category: ETF