EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitEWZUSDT	34.260	0	0.0000% / 8h	7h 57m	$3.9M	$11.0M	25x	Long Bybit
SHORT	ExtendedEWZ-USD	40.448	−0.8320	pay 0.1040% / 1h	57m 40s	$229K	$639K	20x	Short Extended10% off

Price gap+18.061%

Funding gap−0.8320% /8h

The gap pays +$1,819 on $10k if it goes back to its 7d average, but funding costs $250 a day and eats that in about 7.3 days.

If you open now and hold

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

Funding+$31−0.8320% /8h now · paid +0.312% over the last 7D

Price+$1,819spread +18.061% now, avg −0.131% → +18.192% if it goes back

Costs−$1411.409% of $10k · taker + slippage, in and out

Result+$1,709+17.09%+ 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 +0.312% in total, about +0.0149%/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+18.061%

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 size29.9 / 41.5 bp
At $10k entering Extended costs 41.5 bp, fee and slippage, 1.4× Bybit’s.
Note: Margin at max leverage$400 + $500
Bybit 25x, 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: −$249.60Long Bybit: 3 payments, $0.00; short Extended: 24 payments, −$249.60.
OK: Entry gap works for you+18.061% vs −0.131%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$229K vs $3.9M 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: KYCBybit Yes · Extended No
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0149%/8h × 21 periods+$31.33

Price spread+18.061% → −0.131% (7d avg)+$1,819.19

Slippage, 4 orderslive order books−$124.90

Fee Bybit bp × 2 orders−$11.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k+$1,709.63

Costs to cover1.409%Break-evenfrom the start

Slippage: Bybit: live order book, 5 min ago; Extended: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit4.0429.9 bp−$3098.3 bp−$983doesn’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