EWY arbitrage

live

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-0.10%Variational → Bybit · Perp–Perp

Best perp–perp spread+0.06%Variational → Bybit

Markets tracked99 venues · 9 perp · 0 spot · 0 DEX

Price range0.09%$183.59 – $183.75

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

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

MEXCPerpetual · EWY_USDTPerpetual $183.69$183.70$183.700.00% 0.000%$4.77M

OKXPerpetual · EWY-USDT-SWAPPerpetual $183.71$183.72$183.72+0.01% +0.012%$2.92M

BybitPerpetual · EWYUSDTPerpetual $183.73$183.74$183.74+0.02% +0.044%$2.60M

BitgetPerpetual · EWYUSDTPerpetual $183.69$183.70$183.700.00% 0.000%$2.34M

KuCoinPerpetual · EWYUSDTMPerpetual $183.61$183.66$183.64-0.03% 0.000%$1.59M

VariationalPerpetual · EWYPerpetual $183.55$183.63$183.59-0.06% 0.000%$651.6K

HTXPerpetual · EWY-USDTPerpetual $183.72$183.78$183.75+0.03% 0.000%$8.6K

BinancePerpetual · EWYUSDTPerpetual $183.69$183.70$183.700.00% 0.000%—

AsterPerpetual · EWYUSDTPerpetual $183.67$183.74$183.70+0.01% 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 9 venues we scan: 9 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $183.63 and the highest bid on Bybit perp at $183.73.

The widest EWY perpetual spread is between Variational and Bybit: long EWY on Variational at $183.63 and short on Bybit at $183.73 for +0.06% gross, or -0.10% 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 +0.044% 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.

Is there a EWY arbitrage opportunity right now?

The best EWY route right now is to buy on Variational → sell on Bybit (Perp–Perp): +0.06% gross and -0.10% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest EWY?

Variational (perp) has the lowest EWY ask at $183.63, and Bybit (perp) the highest bid at $183.73. Prices update every 15 seconds on this page.

How many exchanges list EWY?

ArbiLayer tracks 9 EWY markets on 9 venues: 9 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 (Variational now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

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