EWJ (iShares MSCI Japan ETF) perpetual futures
EWJ (iShares MSCI Japan ETF) perpetuals trade on 16 markets. 24h volume $8.83M, open interest $8.00M. Best funding APR +93.84% on mexc. Cheapest $100k execution (24h median): 13.91 bps on bingx.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for EWJ (iShares MSCI Japan ETF) on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| qfex | NIKKEI-USD | 98.22 | $3.75M | $1.14M | 0.0010% | +8.76% | +0.0051% | +0.1193% | -0.2089% |
| bingx | NCSIEWJ2USD-USDT | 98.23 | $1.65M | $907.8K | -0.0050% | -5.48% | -0.0100% | -0.1010% | -0.0397% |
| binance | EWJUSDT | 98.22 | $887.2K | $1.10M | 0.0855% | +93.60% | +0.0981% | +0.1387% | +0.2908% |
| kucoin | EWJUSDTM | 98.22 | $818.7K | $143.3K | 0.0306% | +33.51% | +0.0509% | +0.2185% | +0.7600% |
| trade_xyz | xyz:EWJ | 98.29 | $572.3K | $1.47M | 0.0027% | +23.42% | +0.0210% | +0.1620% | +0.4060% |
| gravitymarkets | EWJ_USDT_Perp | 98.23 | $383.8K | $629.5K | 0.0082% | +8.98% | +0.1213% | +0.2018% | +0.4353% |
| edgex | EWJUSDC | 98.21 | $232.7K | $598.7K | -0.0076% | -16.71% | +0.0343% | +0.2902% | +0.6110% |
| gateio | EWJ_USDT | 98.19 | $163.1K | $344.1K | 0.0000% | +0.00% | +0.0000% | -0.0653% | +0.0172% |
| bitget | EWJUSDT | 98.21 | $142.9K | $723.5K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.0000% |
| okx | EWJ-USDT-SWAP | 98.28 | $105.0K | $297.7K | 0.0000% | +0.00% | +0.0000% | +0.0000% | +0.1541% |
| mexc | EWJ_USDT | 98.22 | $80.2K | $210.7K | 0.0857% | +93.84% | +0.0978% | +0.1376% | +0.2879% |
| bybit | EWJUSDT | 98.17 | $18.8K | $98.6K | 0.0000% | +0.00% | +0.0000% | -0.0049% | -0.0642% |
| variational | EWJ | 98.27 | $18.2K | $231.2K | 0.0794% | +86.90% | — | — | — |
| txflow | EWJ-USDC | 98.25 | $11.6K | $16.1K | 0.0013% | +10.95% | — | — | — |
| asterdex | EWJUSDT | 98.11 | $962.09 | $30.2K | 0.0556% | +60.88% | +0.0559% | +0.0597% | +0.2229% |
| hotstuff | EWJ-PERP | 98.30 | $0.00 | $68.6K | 0.0038% | +33.29% | +0.0333% | -0.5896% | -5.3699% |
Funding spread across venues
Across 16 venues the funding APR on EWJ (iShares MSCI Japan ETF) runs from -16.71% on edgex to +93.84% on mexc. The gap between them is 110.55 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.7600% of position size on kucoin.
Funding history over 30 days
Over the last 30 days we recorded 3237 funding settlements for EWJ (iShares MSCI Japan ETF) across 14 venues. The rate was positive in 53% of them, meaning longs paid shorts that often. The average annualised rate over the window was -17.92%. Summed over the window, kucoin paid the most at +0.7600% of position size and hotstuff the least at -5.3699%.
Liquidity
Across the venues listed above EWJ (iShares MSCI Japan ETF) shows $8.83M of 24h volume and $8.00M of open interest. The deepest venue by 24h volume is qfex at $3.75M.
Execution cost
The cheapest venue to open a $100k position in EWJ (iShares MSCI Japan ETF), measured as the 24h median of the full cost including taker fee and slippage, is bingx at 13.91 bps. Funding only pays off once the cost of getting in and out is covered, so this number belongs next to the APR above.
What the funding rate on EWJ (iShares MSCI Japan ETF) means
A perpetual future on EWJ (iShares MSCI Japan ETF) has no expiry, so venues use a funding payment to keep its price tied to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The rate shown per venue is the share of position size paid at each settlement, and the APR is that share annualised over the venue's own interval. Venues settle EWJ (iShares MSCI Japan ETF) on different schedules: 1h, 4h, 8h.
Because every venue computes its own rate from its own order book, the same asset can pay very differently in the same hour. The "paid" columns show what was actually settled rather than what is quoted now, which is the honest way to judge whether a EWJ (iShares MSCI Japan ETF) position earned or cost money.
Frequently asked questions
What is the funding rate on EWJ (iShares MSCI Japan ETF) right now?
Across 16 venues the funding APR on EWJ (iShares MSCI Japan ETF) runs from -16.71% on edgex to +93.84% on mexc. The gap between them is 110.55 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was +0.7600% of position size on kucoin.
Which venue has the most liquid EWJ (iShares MSCI Japan ETF) perpetual?
Across the venues listed above EWJ (iShares MSCI Japan ETF) shows $8.83M of 24h volume and $8.00M of open interest. The deepest venue by 24h volume is qfex at $3.75M.
How often is funding paid on EWJ (iShares MSCI Japan ETF)?
Venues settle EWJ (iShares MSCI Japan ETF) on different schedules: 1h, 4h, 8h.
Has funding on EWJ (iShares MSCI Japan ETF) been paid consistently?
Over the last 30 days we recorded 3237 funding settlements for EWJ (iShares MSCI Japan ETF) across 14 venues. The rate was positive in 53% of them, meaning longs paid shorts that often. The average annualised rate over the window was -17.92%. Summed over the window, kucoin paid the most at +0.7600% of position size and hotstuff the least at -5.3699%.
Data generated at 2026-09-22T00:08:10Z. Live numbers load on this page automatically.