EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetEWZUSDT	36.027	−1.0000	get 1.0000% / 8h	7h 58m	$2.7M	$9.5M	20x	Long Bitget
SHORT	ExtendedEWZ-USD	40.448	−1.2672	pay 0.1584% / 1h	58m 59s	$229K	$639K	20x	Short Extended10% off

Price gap+12.270%

Funding gap−0.2672% /8h

The gap pays +$1,238 on $10k if it goes back to its 7d average, but funding costs $80 a day and eats that in about 15 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$51−0.2672% /8h now · paid +0.509% over the last 7D

Price+$1,238spread +12.270% now, avg −0.112% → +12.383% if it goes back

Costs−$1721.720% of $10k · taker + slippage, in and out

Result+$1,117+11.17%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.509% in total, about +0.0244%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+12.270%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

EWZ on 16 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size84.8 / 41.5 bp
At $10k entering Bitget costs 84.8 bp, fee and slippage, 2.0× Extended’s.
Note: Margin at max leverage$500 + $500
Bitget 20x, Extended 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$80.16Long Bitget: 3 payments, +$300.00; short Extended: 24 payments, −$380.16.
OK: Entry gap works for you+12.270% vs −0.112%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$229K vs $2.7M OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
Watch: KYCBitget Yes · Extended No
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0244%/8h × 21 periods+$51.24

Price spread+12.270% → −0.112% (7d avg)+$1,238.28

Slippage, 4 orderslive order books−$155.00

Fee Bitget bp × 2 orders−$12.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k+$1,117.53

Costs to cover1.720%Break-evenfrom the start

Slippage: Bitget: live order book, 3 min ago; Extended: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget5.3084.8 bp−$85297.0 bp−$2,970doesn’t fitdoesn’t fit

SELL · SHORTExtended8.5741.5 bp−$42doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

EWZ news

posts that mention EWZ, from every exchangeSearch all news →

10-21 11:27	Kraken Futures	Listing	new market PF_EWZUSD ($EWZ) seen by our collector
10-20 16:58	Extended	Listing	Now available to trade: $NOW and $LYTE (ServiceNow and Roundhill Photonics & Optics ETF) with up to 10x leverage, $EWZ (iShares MSCI Brazil ETF) with up to 20x leverage and $BOT (RoboStrategy) with up to 5x leverage @extendedapp on X ↗
10-20 14:51	Extended	Listing	new market EWZ-USD ($EWZ) seen by our collector
10-05 03:15	Backpack	Other	JUST IN: Flávio Bolsonaro finishes ahead of Lula in the first round of Brazil’s presidential election. The two advance to an Oct. 25 runoff. $EWZ +9.8% overnight. @Backpack on X ↗

EWZ