EWZ xyz xyz:EWZ

Indices

EWZ is an ETF tracking the MSCI Brazil index, a basket of Brazilian large-cap stocks weighted toward banks and commodity producers; this contract references its share price. Tracked here on Hyperliquid (xyz) with live mark, funding, open interest and premium to oracle.

33.39 −2.92%

A Grade A

Zones and levels Screener

How good a synthetic is it?

How this is graded ›

Measured against the venue's own oracle — the price the perp is pulled toward, over the last 30 days of 15-minute samples.

Tracking

Good

6.4 bps

Typical distance between the traded price and the venue’s oracle while the underlying market is open. It sits within 10 bps of it 68.9% of the time.

Cost to trade it: the venue’s impact bid/ask spread runs 13.1 bps, median over the same window. It is context, not part of the rating.

median, 30 days

Reopen fidelity

Good

4.4 bps

How far the price moves when the underlying market reopens — how close the venue’s closed-hours price was to reality. It was closer than the last real price 100% of the time.

median of 5 reopens

Cost of carry

Fair

21.9% a year

Funding actually paid over the last 30 days — longs pay at this rate. This is the running cost of holding the position, before fees.

30 days

Liquidity

Good

$12.3M 24h volume

Open interest $9.7M. Weekend liquidity is not yet available.

latest snapshot

Every reopen

When the underlying market reopens, the oracle snaps back to the real price. The jump is how far the venue's closed-hours price was from reality.

Median jump 4.4 bps across 5 rated closures. The venue’s closed-hours price was closer to the reopening price than the last real price 100% of the time. Rows below are the last reopens captured, which can cover a different set of closures than the median.

Date	Closure	Venue price	Real reopen	Jump	Beat the close?
27 Oct 2026	Daily break	34.341	34.255	-25.0 bps	No
26 Oct 2026	Daily break	34.352	34.299	-15.4 bps	Yes
25 Oct 2026	Weekend	44.968	44.896	-16.0 bps	Yes
21 Oct 2026	Daily break	42.391	42.295	-22.6 bps	Yes
20 Oct 2026	Daily break	43.077	43.06	-4.0 bps	Yes
19 Oct 2026	Daily break	42.165	42.13	-8.3 bps	Yes
18 Oct 2026	Weekend not rated	42.24	42.259	+4.5 bps	Yes
15 Oct 2026	Daily break	41.942	41.915	-6.4 bps	Yes
14 Oct 2026	Daily break	42.318	42.19	-30.2 bps	Yes
13 Oct 2026	Daily break	42.953	42.995	+9.8 bps	Yes
12 Oct 2026	Daily break	43.645	43.6	-10.3 bps	No
11 Oct 2026	Weekend	43.558	43.577	+4.4 bps	Yes
8 Oct 2026	Daily break	42.76	42.71	-11.7 bps	Yes
7 Oct 2026	Daily break	42.471	42.525	+12.7 bps	Yes
6 Oct 2026	Daily break	43.057	43.015	-9.8 bps	Yes
5 Oct 2026	Daily break	43.012	43.005	-1.6 bps	Yes
4 Oct 2026	Weekend	40.138	40.015	-30.6 bps	Yes
1 Oct 2026	Daily break	37.27	37.25	-5.4 bps	No
30 Sep 2026	Daily break	37.387	37.4	+3.5 bps	Yes
29 Sep 2026	Daily break	36.422	36.471	+13.4 bps	No

Download this reopen record (CSV) Open data, licensed CC BY 4.0: copy, adapt and publish it, commercially included, with credit — “AlgoTraderPro HIP-3 reopen record (2026), CC BY 4.0” — and a link to this page.

90-day history

Open interest (USD), 90 days

Funding APR, 90 days

Premium to oracle, 90 days

Contract mechanics

What it tracks: iShares MSCI Brazil ETF — indices. This is a perpetual contract that references that price; it is not the underlying security, and it never expires or rolls.
Trading hours: Follows the CME futures session: Sunday 18:00 to Friday 17:00 New York time, with a one-hour break every day at 17:00, and CME holidays. The contract itself trades on Hyperliquid 24/7.
When the real market is closed: The oracle does not freeze. With no external price it starts from the last one and then drifts with Hyperliquid’s own book — a 30-minute exponential average of the gap between the impact bid/ask and the oracle — and snaps back to the real price on the first tick after the market reopens. Funding is charged against that oracle throughout, which is why the jump at each reopening is worth measuring.
Leverage: Up to 20×
Margin mode: Isolated only
Settles in: USDC — margin and profit are in this token, not the quote of the underlying market.
Deployer’s documentation: trade.xyz docs →