EWJ perps: where to trade MSCI Japan ETF perpetual futures
8 tracked venues list EWJ perps.
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The cheapest place to trade EWJ perps right now is trade.xyz (xyz:EWJ): 1.41 bps all-in for a $10,000 market buy at the standard taker fee, measured 01:27 UTC on 2026-10-03.
The next two venues are Binance 12.15 bps and Bitget 22.14 bps. 5 of 8 EWJ markets gave a measured cost.
EWJ perps list on 8 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 1 other decentralized venues.
Maximum EWJ leverage runs from 20x on Aster (EWJUSDT) to 25x on Gate (EWJ_USDT).
Measured EWJ cost for a $10,000 buy
- trade.xyz1.41
- Binance12.15
- Bitget22.14
- Bybit87.99
- Gate100.54
EWJ funding and open interest
Funding now runs from 0.0% a year on Aster to 21.1% on MEXC, across 8 EWJ markets. A positive rate means that longs pay shorts.
8 EWJ markets report open interest, $4.0 million in total. trade.xyz holds 28% of it ($1.1 million).
Where to trade MSCI Japan ETF perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz | xyz:EWJ | 20x | 0.0000% / 1 h | +0.2% | +11.2% | $1.1M | 0.51 | 0.0090% (API, live) | 1.41 | — |
| Binance | EWJUSDT | 20x | +0.0191% / 8 h | +20.9% | +6.3% | $1.1M | 8.15 | 0.040% (docs, promotion for all accounts) | 12.15 | — |
| Bitget | EWJUSDT | 20x | 0.0000% / 8 h | 0.0% | +0.1% | $594K | 16.14 | 0.060% (API) | 22.14 | — |
| Bybit | EWJUSDT | 25x | 0.0000% / 8 h | 0.0% | 0.0% | $197K | 85.24 | 0.028% (docs, promotion for all accounts) | 87.99 | — |
| Gate | EWJ_USDT | 25x | 0.0000% / 8 h | 0.0% | −1.6% | $171K | 93.04 | 0.075% (API) | 100.54 | — |
| MEXC | EWJ_USDT | 20x | +0.0193% / 8 h | +21.1% | +6.2% | $538K | 6.75 | Not stated for all accounts | — | 0.000% = 6.75 bps (eligible accounts, source, 2026-09-25) |
| OKX | EWJ-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | +1.8% | $250K | — | 0.050% (docs) | — | — |
| Aster | EWJUSDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $4,860 | — | 0.013% (docs) | — | — |
Method: a $10,000 EWJ market buy fills against each public EWJ book.
The EWJ book cost is that fill price against the mid, in bps. The EWJ all-in cost adds the standard taker fee that every new account gets.
A EWJ promo rate that only eligible accounts get is shown in its own column and is never ranked.
A EWJ book price does not prove that the venue accepts EWJ orders at that time, so check the EWJ hours table.
Annual EWJ funding is the rate per hour times 8,760, with no compounding. The EWJ markets come from venue APIs read on 2026-09-25.
EWJ trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | EWJUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Binance | EWJUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | EWJUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | EWJUSDT | 24/7 | Index with Pyth |
| Gate | EWJ_USDT | Index holds last close | Paid feeds, crypto venues |
| MEXC | EWJ_USDT | Varies, no trades closed | Not named in docs |
| OKX | EWJ-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| trade.xyz | xyz:EWJ | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for EWJ. Compare all tickers on the stock perps hub. Read how trade.xyz lists EWJ on Hyperliquid.
Where to Trade iShares MSCI Japan ETF (EWJ) Perpetual Futures
Fees and leverage limits apply venue-wide; check EWJ terms with the venue.
iShares MSCI Japan ETF (EWJ) market overview
EWJ tracks the MSCI Japan Index, providing USD-denominated exposure to large and mid-cap Japanese equities across technology, industrials, financials, and consumer sectors. EWJ perpetual futures combine Japanese equity market direction with USD/JPY currency dynamics, as yen movement significantly affects the dollar-denominated returns of Japanese stocks for foreign investors.
The Bank of Japan's yield curve control and rate normalization policies have been major drivers of EWJ price action since 2023.
Frequently Asked Questions — iShares MSCI Japan ETF (EWJ)
What open interest data is available for EWJ?
1 venue report positive EWJ open interest in this read.
The EWJ total leaves out venues outside the read.
How does an iShares MSCI Japan ETF perpetual futures contract differ from the underlying asset?
An iShares MSCI Japan ETF perpetual tracks the iShares MSCI Japan ETF price, with no expiry date and no ownership of iShares MSCI Japan ETF.
Check each venue for iShares MSCI Japan ETF trading hours and the price source.
Category: ETFs/Indices