iShares MSCI Japan ETF (EWJ) Funding Rate History
iShares MSCI Japan ETF (EWJ) perpetual futures funding ranges from 0.00 bps on GRVT to 1.30 bps on KUCOIN across 10 reporting venues, a spread of 1.30 bps. The most extreme rate (14.23% APY annualized) is on KUCOIN. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on EWJ price.
EWJ Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 1.30 bps | 14.23% APY | 2.20 bps | $366.16K |
| HOTSTUFF | 1.30 bps | 14.23% APY | 1.70 bps | $5.04K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $34.34K |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $4.38K |
| TRADEXYZ | 0.50 bps | 5.47% APY | 0.30 bps | $306.44K |
| BINANCE | 0.30 bps | 3.28% APY | 0.70 bps | $902.76K |
| MEXC | 0.30 bps | 3.28% APY | 3.60 bps | $74.24K |
| GRVT | 0.00 bps | 0.00% APY | 2.00 bps | $790.28K |
| OKX | 0.00 bps | 0.00% APY | 0.10 bps | $338.93K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $8.09K |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: EWJ open interest, EWJ volume, EWJ perp market data.