EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SunXEWZ-USDT	34.850	0	0.0000% / 8h	7h 57m	$2K	$2.2M	10x	Long SunX≤10% back
SHORT	ExtendedEWZ-USD	40.448	−0.8320	pay 0.1040% / 1h	57m 47s	$229K	$639K	20x	Short Extended10% off

Price gap+16.062%

Funding gap−0.8320% /8h

The gap pays +$1,616 on $10k if it goes back to its 7d average, but funding costs $250 a day and eats that in about 6.5 days.

If you open now and hold

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

Funding+$52−0.8320% /8h now · paid +0.516% over the last 7D

Price+$1,616spread +16.062% now, avg −0.094% → +16.156% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$1,667+16.67%+ Points / potential airdropExtended: points · farm boardcosts unknown: book too thin at $10k · What 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 +0.516% in total, about +0.0247%/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+16.062%

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

3 ok · 3 to watch

Watch: Thin at this size1827.4 / 41.5 bp
At $10k entering SunX costs 1827.4 bp, fee and slippage, 44.0× Extended’s.
Note: Margin at max leverage$1,000 + $500
SunX 10x, 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 SunX: 3 payments, $0.00; short Extended: 24 payments, −$249.60.
OK: Entry gap works for you+16.062% vs −0.094%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$2K vs $229K OI
SunX sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
OK: No KYC on either legSunX No · Extended No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0247%/8h × 21 periods+$51.90

Price spread+16.062% → −0.094% (7d avg)+$1,615.57

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee SunX bp × 2 orders−$8.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

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

Cost to enter

taker + slippage from mid, one side

BUY · LONGSunX265.071827.4 bp−$1,827doesn’t fitdoesn’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