iShares MSCI Brazil ETF (EWZ) funding rate live
The open-interest-weighted EWZ funding rate is 0.0042% per 8 hours (≈5% APR) across 3 perpetual markets, so longs pay shorts. The highest rate is 0.0050% on Hyperliquid (xyz:EWZ) and the lowest 0.0000% on Bybit (EWZUSDT), a spread of 0.0050% per 8h (≈5% APR). These markets hold $2.76M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly. Funding is paid every hour on Hyperliquid and every 8 hours on Bybit and HTX. The next payment is on Hyperliquid (xyz:EWZ) at 00:00 UTC, in 29m, at a predicted 0.00063% for its 1h interval. That is low for EWZ: the latest recorded hourly funding rate (-0.0024% per 8h) is higher than or equal to 18% of hourly readings since 12 Oct UTC (30 days of history), which ranged from -1.1110% to 0.3507%.
In dollars, at today's rates a $1,000 long pays about $0.13 a day at the average rate, and a $1,000 short receives about the same. On Hyperliquid (xyz:EWZ) the long would pay $0.15 a day; on Bybit (EWZUSDT) neither side pays. Work out your own size and holding time.
EWZ funding rate by exchange
8h equivalent · hover a rate for the exact APR| MarketVenue / native contract | Funding 8h | APR | Interval | Next fundingPredicted next payment | Settles in | Who pays | Open interest | OI share | 24h volume | Price | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hyperliquid xyz:EWZ | 0.0050% | 5% | 1h | 0.00063% 0.00063% predicted 1h interval Longs pay 2026-11-12 00:00 UTC | 29m | Longs pay | $2.33M | 84.4% | $3.61M | 32.256 | Trade |
| Bybit EWZUSDT | 0.0000% | 0% | 8h | 0.0000% 0.0000% predicted 8h interval Neither 2026-11-12 00:00 UTC | 29m | Neither | $423K | 15.3% | $95K | 32.260 | Trade |
| HTX EWZ-USDT | 0.0000% | 0% | 8h | 0.0000% 0.0000% predicted 8h interval Neither 2026-11-12 00:00 UTC | 29m | Neither | $7,267 | 0.3% | $4,626 | 32.270 | Trade |
Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours. Funding 8h and APR convert every rate to 8 hours so they compare directly; Next funding is the predicted payment for the market's own interval at its next settlement, which moves with the premium until then. Where an exchange publishes no settlement time (Hyperliquid, Gate), it is the next whole interval on the UTC clock, when those exchanges settle. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.
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EWZ funding rate
OI-weighted, 8hLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
EWZ funding rate by exchange
8h equivalent, per exchangeLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
About the EWZ funding rate
What is the EWZ funding rate?
EWZ perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.
How to read it
Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold EWZ; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.
Why do exchanges show different rates?
Each exchange computes funding from its own order book and premium, so the EWZ rate differs by venue, and intervals differ too. Swolecharts converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.
When is the next EWZ funding payment?
The next known EWZ funding payment is on Hyperliquid (xyz:EWZ) at 2026-11-12 00:00 UTC, for its 1h interval, with a predicted payment of 0.00063%. Funding is paid every hour on Hyperliquid and every 8 hours on Bybit and HTX. The predicted payment uses the market’s native interval; the Funding 8h rate is an 8-hour equivalent for comparison. Only traders holding a position at the settlement time pay or receive. The Next funding column is the predicted payment for that interval: the rate the exchange currently shows, which keeps moving with the perp's premium until settlement, so the final figure can differ. The funding history below shows how the EWZ rate has moved.