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iShares MSCI Japan ETF (EWJ) Funding Rate History

iShares MSCI Japan ETF (EWJ) perpetual futures funding ranges from 0.00 bps on BINANCE to 7.50 bps on CRYPTOCOM across 13 reporting venues, a spread of 7.50 bps. The most extreme rate (82.13% APY annualized) is on CRYPTOCOM. 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

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
CRYPTOCOM7.50 bps82.13% APY6.80 bps$14.78
HOTSTUFF6.20 bps67.89% APY-8.00 bps$531.47
BINGX1.00 bps10.95% APY1.00 bps$1.63M
GATEIO1.00 bps10.95% APY1.00 bps$581.87K
KUCOIN1.00 bps10.95% APY0.90 bps$210.82K
HUOBI1.00 bps10.95% APY1.00 bps$35.93K
TRADEXYZ0.50 bps5.47% APY0.20 bps$1.38M
BINANCE0.00 bps0.00% APY0.30 bps$1.66M
GRVT0.00 bps0.00% APY3.00 bps$1.01M
OKX0.00 bps0.00% APY0.00 bps$852.53K
VARIATIONAL0.00 bps0.00% APY0.20 bps$162.70K
ASTER0.00 bps0.00% APYn/a$71.33K
PHEMEX0.00 bps0.00% APYn/a$11.51K

Last updated 2026-07-16T20:30:27Z (UTC).

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