ArbiLayer

EWY arbitrage

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Live iShares MSCI South Korea fund • Robinhood Token price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.11%OKX → Gate · Perp–Perp
Best perp–perp spread+0.05%OKX → Gate
Markets tracked1010 venues · 10 perp · 0 spot · 0 DEX
Price range0.07%$187.75 – $187.89

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$187.78Gate logoGate$187.88 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Variational logoVariational$187.79Gate logoGate$187.88 +0.05%-0.11% +0.04%— -0.014%— LS Chart →
OKX logoOKX$187.78HTX logoHTX$187.86 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Variational logoVariational$187.79HTX logoHTX$187.86 +0.04%-0.12% +0.03%— -0.014%— LS Chart →
OKX logoOKX$187.78Bybit logoBybit$187.83 +0.03%-0.13% +0.03%— +0.019%— LS Chart →
OKX logoOKX$187.78Aster logoAster$187.83 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Binance logoBinance$187.83Gate logoGate$187.88 +0.03%-0.13% +0.02%— -0.024%— LS Chart →
Bitget logoBitget$187.83Gate logoGate$187.88 +0.03%-0.13% +0.02%— -0.026%— LS Chart →
OKX logoOKX$187.78Binance logoBinance$187.82 +0.02%-0.14% +0.03%— +0.024%— LS Chart →
OKX logoOKX$187.78MEXC logoMEXC$187.82 +0.02%-0.14% +0.03%— +0.023%— LS Chart →
Bybit logoBybit$187.84Gate logoGate$187.88 +0.02%-0.14% +0.02%— -0.019%— LS Chart →
MEXC logoMEXC$187.84Gate logoGate$187.88 +0.02%-0.14% +0.01%— -0.023%— LS Chart →
Variational logoVariational$187.79Bybit logoBybit$187.83 +0.02%-0.14% +0.02%— +0.004%— LS Chart →
Variational logoVariational$187.79Aster logoAster$187.83 +0.02%-0.14% +0.02%— -0.014%— LS Chart →
OKX logoOKX$187.78Bitget logoBitget$187.81 +0.02%-0.14% +0.02%— +0.026%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

EWY price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · EWY_USDTPerpetual $187.82$187.84$187.83+0.00% +0.023%$5.36M
OKX logoOKXPerpetual · EWY-USDT-SWAPPerpetual $187.77$187.78$187.78-0.03% 0.000%$2.80M
Bybit logoBybitPerpetual · EWYUSDTPerpetual $187.83$187.84$187.84+0.00% +0.019%$2.18M
Bitget logoBitgetPerpetual · EWYUSDTPerpetual $187.81$187.83$187.82-0.00% +0.026%$2.11M
Gate logoGatePerpetual · EWY_USDTPerpetual $187.88$187.89$187.89+0.03% 0.000%$1.60M
KuCoin logoKuCoinPerpetual · EWYUSDTMPerpetual $187.78$187.85$187.82-0.01% 0.000%$1.59M
Variational logoVariationalPerpetual · EWYPerpetual $187.71$187.79$187.75-0.04% +0.014%$584.6K
HTX logoHTXPerpetual · EWY-USDTPerpetual $187.86$187.87$187.87+0.02% 0.000%$5.4K
Binance logoBinancePerpetual · EWYUSDTPerpetual $187.82$187.83$187.83-0.00% +0.024%—
Aster logoAsterPerpetual · EWYUSDTPerpetual $187.83$187.90$187.87+0.02% 0.000%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

EWY arbitrage explained

Right now iShares MSCI South Korea fund • Robinhood Token (EWY) trades on 10 venues we scan: 10 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $187.78 and the highest bid on Gate perp at $187.88.

The widest EWY perpetual spread is between OKX and Gate: long EWY on OKX at $187.78 and short on Gate at $187.88 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

Small EWY gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: EWY funding rates · EWY spread charts · iShares MSCI South Korea fund • Robinhood Token price · arbitrage scanner for all coins.

Is there a EWY arbitrage opportunity right now?

The best EWY route right now is to buy on OKX → sell on Gate (Perp–Perp): +0.05% gross and -0.11% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest EWY?

OKX (perp) has the lowest EWY ask at $187.78, and Gate (perp) the highest bid at $187.88. Prices update every 15 seconds on this page.

How many exchanges list EWY?

ArbiLayer tracks 10 EWY markets on 10 venues: 10 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage EWY without transferring coins?

Use two perpetual contracts: go long EWY on the cheaper exchange (OKX now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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