EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedEWZ-USD	34.875	+0.0592	pay 0.0074% / 1h	59m 08s	$64K	$795K	20x	Long Extended10% off
SHORT	BybitEWZUSDT	34.940	0	0.0000% / 8h	6h 59m	$3.3M	$15.5M	25x	Short Bybit

Price gap+0.186%

Funding gap−0.0592% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 7 hours.

If you open now and hold

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

Funding−$162−0.0592% /8h now · paid −1.622% over the last 7D

Price+$5spread +0.186% now, avg +0.131% → +0.054% if it goes back

Costs−$850.852% of $10k · taker + slippage, in and out

Result−$242−2.42%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.186%

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 size17.3 / 26.5 bp
At $10k entering Bybit costs 26.5 bp, fee and slippage, 1.5× Extended’s.
Note: Margin at max leverage$500 + $400
Extended 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$17.76Long Extended: 24 payments, −$17.76; short Bybit: 3 payments, $0.00.
OK: Entry gap works for you+0.186% vs +0.131%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$64K vs $3.3M 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: KYCExtended No · Bybit Yes
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−0.0772%/8h × 21 periods−$162.21

Price spread+0.186% → +0.131% (7d avg)+$5.44

Slippage, 4 orderslive order books−$69.20

Fee Extended bp × 2 orders−$5.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$241.97

Costs to cover0.852%Break-evennever at this rate

Slippage: Extended: live order book, 5 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGExtended4.4417.3 bp−$17119.0 bp−$1,190doesn’t fitdoesn’t fit

SELL · SHORTBybit4.2826.5 bp−$26117.1 bp−$1,171doesn’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