EWZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniEWZ	37.028	−1.4643	get 1.4643% / 8h	7h 58m	$111K	$435K	20x	Long Variational Omni+15% pts
SHORT	ExtendedEWZ-USD	40.448	−1.2672	pay 0.1584% / 1h	58m 51s	$229K	$639K	20x	Short Extended10% off

Price gap+9.236%

Funding gap+0.1971% /8h

Both sides work: funding pays +$59 a day on $10k, and the gap is 9.249% above its 7d average: +$925 more if it goes back.

If you open now and hold

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

Funding+$45+0.1971% /8h now · paid +0.447% over the last 7D

Price+$925spread +9.236% now, avg −0.013% → +9.249% if it goes back

Costs−$2292.291% of $10k · taker + slippage, in and out

Result+$740+7.40%+ Points / potential airdropVariational Omni: points · Extended: 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 7 days it paid +0.447% in total, about +0.0214%/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+9.236%

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 size89.5 / 41.5 bp
At $10k entering Variational Omni costs 89.5 bp, fee and slippage, 2.2× Extended’s.
Note: Margin at max leverage$500 + $500
Variational Omni 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: +$59.12Long Variational Omni: 3 payments, +$439.28; short Extended: 24 payments, −$380.16.
OK: Entry gap works for you+9.236% vs −0.013%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$111K vs $229K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points · Extended points
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni 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+0.0214%/8h × 21 periods+$44.93

Price spread+9.236% → −0.013% (7d avg)+$924.94

Slippage, 4 orderslive order books−$224.12

Fee Variational Omni bp × 2 orders$0.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k+$740.76

Costs to cover2.291%Break-evenfrom the start

Slippage: Variational Omni: RFQ quote, 14 min ago; Extended: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni7.9689.5 bp−$89166.7 bp−$1,667doesn’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