EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	tradeXYZxyz:EWZ	32.392	−0.0450	get 0.0056% / 1h	55m 52s	$7.1M	$373K	20x	Long tradeXYZ
SHORT	QFEXEWZ-USD	32.510	0	0.0000% / 1h	55m 52s	$2.2M	$5K	10x	Short QFEX10% back

Price gap+0.364%

Funding gap+0.0450% /8h

Both sides work: funding pays +$13 a day on $10k, and the gap is 0.410% above its 7d average: +$41 more if it goes back.

If you open now and hold

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

Funding−$3+0.0450% /8h now · paid −0.033% over the last 3 days (all we have)

Price+$41spread +0.364% now, avg −0.045% → +0.410% if it goes back

Costs−$2,58225.819% of $10k · taker + slippage, in and out

Result−$2,544−25.44%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 3 days it paid −0.033% in total, about −0.0033%/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+0.364%

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 19 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

Watch: Thin at this size10.3 / 1275.2 bp
At $10k entering QFEX costs 1275.2 bp, fee and slippage, 123.8× tradeXYZ’s.
Note: Margin at max leverage$500 + $1,000
tradeXYZ 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$13.49Long tradeXYZ: 24 payments, +$13.49; short QFEX: 24 payments, $0.00.
OK: Entry gap works for you+0.364% vs −0.045%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short leg is thinner$2.2M vs $7.1M OI
Both legs are deep; QFEX is the smaller one.
OK: Points on a legtradeXYZ points
Volume here counts toward the points program.
OK: No KYC on either legtradeXYZ No · QFEX 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−0.0033%/8h × 21 periods−$6.92

Price spread+0.364% → −0.045% (7d avg)+$40.95

Slippage, 4 orderslive order books−$2,560.08

Fee tradeXYZ bp × 2 orders−$1.80

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$2,547.85

Costs to cover25.819%Break-evennever at this rate

Slippage: tradeXYZ: live order book, 2 min ago; QFEX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGtradeXYZ2.3210.3 bp−$1023.6 bp−$236142.2 bp−$14.2Kdoesn’t fit

SELL · SHORTQFEX1102.911275.2 bp−$1,275doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

EWZ news

posts that mention EWZ, from every exchangeSearch all news →

10-30 13:38	RISEx	Other	Trade them here: $EWZ: $CHIP: @risextrade on X ↗
10-30 13:38	RISEx	Listing	Two new markets on RISEx: $EWZ, the iShares MSCI Brazil ETF, at 20x. Most crypto traders barely had a way to trade Brazil $CHIP, the token of the protocol that lends against GPUs, at 5x. It is the AI debt trade onchain @risextrade on X ↗
10-28 16:47	QFEX	Listing	new market EWZ-USD ($EWZ) seen by our collector
10-28 09:24	RISEx	Listing	new market EWZ/USDC ($EWZ) seen by our collector
10-28 07:17	TxFlow	Listing	new market EWZ-USDC ($EWZ) seen by our collector
10-26 15:00	Markets by Kinetiq	Other	Lula won Brazil's runoff with 51.8%. Prediction markets had Bolsonaro above 75% on Friday. MSCI Brazil ($EWZ) was $45.40 on when polls closed Sunday. It hit $30.29 overnight, before Wall Street opened. @Markets_xyz on X ↗

EWZ