# EWZ funding rates and arbitrage

Updated 2026-10-29 17:55 UTC · https://afterfees.xyz/coin/EWZ

## 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 |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_EWZUSD | 0.0055% | 1 h | +48.2% | +16.5% | $5.6K | 2026-10-29 18:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | EWZUSD-PERP | 0.0023% | 1 h | +20.6% | +37.0% | $16.9K | 2026-10-29 18:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | EWZUSDTM | 0.0177% | 8 h | +19.4% | −63.7% | $2.3M | 2026-10-30 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | EWZ-USDC | 0.0013% | 1 h | +10.9% | — | $2.8K | 2026-10-29 18:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | EWZUSDT | 0.0072% | 8 h | +7.8% | −40.1% | — | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKEWZ2USD-USDT | 0.0050% | 8 h | +5.5% | −3.9% | $925.3K | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:EWZ | 0.0006% | 1 h | +5.5% | +9.0% | $8.9M | 2026-10-29 18:00 |
| [Extended](https://afterfees.xyz/venues/extended) | EWZ-USD | 0.0006% | 1 h | +5.3% | +8.9% | $86.2K | 2026-10-29 18:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | EWZ/USDC | 0.0004% | 1 h | +3.7% | — | $23K | 2026-10-29 18:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | EWZ_USDT | 0.0000% | 8 h | 0.0% | −70.4% | $1.7M | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | EWZ-USDT-SWAP | 0.0000% | 8 h | 0.0% | −39.0% | $704.5K | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | EWZUSDT | 0.0000% | 8 h | 0.0% | −105.8% | $2.1M | 2026-10-30 00:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | EWZUSDT | 0.0000% | 8 h | 0.0% | — | — | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | EWZ-USDT | 0.0000% | 8 h | 0.0% | −43.5% | $9.4K | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | EWZUSDT | 0.0000% | 8 h | 0.0% | −68.7% | $1.7M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | EWZ_USDT_Perp | 0.0000% | 8 h | 0.0% | −71.5% | $1.1K | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | EWZUSDT | 0.0000% | 8 h | 0.0% | −67.2% | $97.2K | 2026-10-30 00:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | EWZ-USD | 0.0000% | 1 h | 0.0% | — | $385.7K | 2026-10-29 18:00 |
| [Variational](https://afterfees.xyz/venues/variational) | EWZ-PERP | 0.0000% | 8 h | 0.0% | — | $137.3K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | EWZUSDT | 0.0000% | 8 h | 0.0% | −72.5% | $2.9M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | EWZ_USDT | 0.0000% | 8 h | 0.0% | −9.1% | $405.5K | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | EWZ_PERP | -0.0100% | 8 h | −10.9% | −68.0% | $668.4K | 2026-10-30 00:00 |

## Cost to enter $10,000 of EWZ

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:EWZ | 3.9 bp | top of book only |
| MEXC | EWZ_USDT | 5.0 bp | top of book only |
| Variational | EWZ-PERP | 5.5 bp | top of book only |
| Extended | EWZ-USD | 5.7 bp | top of book only |
| Bybit | EWZUSDT | 5.8 bp | top of book only |
| BingX | NCSKEWZ2USD-USDT | 6.5 bp | top of book only |
| OKX | EWZ-USDT-SWAP | 6.5 bp * | top of book only |
| Binance | EWZUSDT | 6.5 bp * | top of book only |
| Bitget | EWZUSDT | 8.3 bp | top of book only |
| GRVT | EWZ_USDT_Perp | 9.0 bp | top of book only |
| Aster | EWZUSDT | 10.3 bp | top of book only |
| Gate | EWZ_USDT | 10.5 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?**

Kraken at +48.2% a year (0.0055% every 1 h); the lowest is WhiteBIT at −10.9%. 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._