EWZ funding rates and arbitrage
Updated 2026-11-11 23:37 UTC
Best EWZ arbitrage after every cost
No EWZ pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
EWZ funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| QFEX | EWZ-USD | 0.0030% | 1 h | +26.3% | — | $923.2K | 2026-11-11 23:59 |
| TXFlow | EWZ-USDC | 0.0013% | 1 h | +10.9% | — | $11.3K | 2026-11-12 00:00 |
| Extended | EWZ-USD | 0.0009% | 1 h | +7.9% | +0.3% | $20.9K | 2026-11-12 00:00 |
| Hyperliquid | xyz:EWZ | 0.0009% | 1 h | +7.6% | +0.5% | $4.7M | 2026-11-12 00:00 |
| BingX | NCSKEWZ2USD-USDT | 0.0050% | 8 h | +5.5% | +5.4% | $925.3K | 2026-11-12 00:00 |
| Bitunix | EWZUSDT | 0.0043% | 8 h | +4.7% | +2.4% | — | 2026-11-12 00:00 |
| Crypto.com | EWZUSD-PERP | 0.0001% | 1 h | +0.8% | +17.2% | $6.8K | 2026-11-12 00:00 |
| Bybit | EWZUSDT | 0.0000% | 8 h | 0.0% | +0.1% | $846.6K | 2026-11-12 00:00 |
| KuCoin | EWZUSDTM | 0.0000% | 8 h | 0.0% | −2.4% | $2M | 2026-11-12 00:00 |
| RISEx | EWZ/USDC | 0.0000% | 1 h | 0.0% | — | $128.2K | 2026-11-12 00:00 |
| MEXC | EWZ_USDT | 0.0000% | 8 h | 0.0% | +0.3% | $1.2M | 2026-11-12 00:00 |
| Bitget | EWZUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $1.3M | 2026-11-12 00:00 |
| HTX | EWZ-USDT | 0.0000% | 8 h | 0.0% | 0.0% | $7.3K | 2026-11-12 00:00 |
| OKX | EWZ-USDT-SWAP | 0.0000% | 8 h | 0.0% | 0.0% | $461.2K | 2026-11-12 00:00 |
| LBank | EWZUSDT | 0.0000% | 8 h | 0.0% | 0.0% | — | 2026-11-12 00:00 |
| GRVT | EWZ_USDT_Perp | 0.0000% | 8 h | 0.0% | 0.0% | $763 | 2026-11-12 00:00 |
| Binance | EWZUSDT | 0.0000% | 8 h | 0.0% | +0.3% | $1.6M | 2026-11-12 00:00 |
| Aster | EWZUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $83.9K | 2026-11-12 00:00 |
| Gate | EWZ_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $291.5K | 2026-11-12 00:00 |
| Variational | EWZ-PERP | 0.0000% | 8 h | 0.0% | 0.0% | $75.1K | 2026-11-12 00:00 |
| WhiteBIT | EWZ_PERP | -0.0100% | 8 h | −10.9% | −11.0% | $379.2K | 2026-11-12 00:00 |
| Kraken | PF_EWZUSD | -0.0088% | 1 h | −77.5% | −21.1% | $12.7K | 2026-11-12 00:00 |
Cost to enter $10,000 of EWZ
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | EWZ_USDT | 3.5 bp | top of book only |
| Hyperliquid | xyz:EWZ | 3.8 bp | top of book only |
| Extended | EWZ-USD | 5.5 bp | top of book only |
| Variational | EWZ-PERP | 5.6 bp | top of book only |
| Bybit | EWZUSDT | 5.8 bp | top of book only |
| BingX | NCSKEWZ2USD-USDT | 6.5 bp | top of book only |
| Binance | EWZUSDT | 6.5 bp * | top of book only |
| OKX | EWZ-USDT-SWAP | 6.5 bp * | top of book only |
| Bitget | EWZUSDT | 7.4 bp | top of book only |
| GRVT | EWZ_USDT_Perp | 9.1 bp | top of book only |
| Gate | EWZ_USDT | 10.6 bp | top of book only |
| KuCoin | EWZUSDTM | 10.7 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is EWZ funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no EWZ pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest EWZ funding rate?
QFEX at +26.3% a year (0.0030% every 1 h); the lowest is Kraken at −77.5%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.