SMH (VanEck Semiconductor ETF) perpetual futures

SMH (VanEck Semiconductor ETF) perpetuals trade on 10 markets. 24h volume $13.73M, open interest $8.12M. Best funding APR +53.59% on trade_xyz. Cheapest $100k execution (24h median): 19.95 bps on mexc.

Funding rates by venue

Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for SMH (VanEck Semiconductor ETF) on every venue we track.

Funding spread across venues

Across 10 venues the funding APR on SMH (VanEck Semiconductor ETF) runs from +0.00% on qfex to +53.59% on trade_xyz. The gap between them is 53.59 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 +1.6733% of position size on trade_xyz.

Funding history over 30 days

Over the last 30 days we recorded 2723 funding settlements for SMH (VanEck Semiconductor ETF) across 10 venues. The rate was positive in 55% of them, meaning longs paid shorts that often. The average annualised rate over the window was +7.93%. Summed over the window, trade_xyz paid the most at +1.6733% of position size and qfex the least at -0.1879%.

Liquidity

Across the venues listed above SMH (VanEck Semiconductor ETF) shows $13.73M of 24h volume and $8.12M of open interest. The deepest venue by 24h volume is qfex at $6.90M.

Execution cost

The cheapest venue to open a $100k position in SMH (VanEck Semiconductor ETF), measured as the 24h median of the full cost including taker fee and slippage, is mexc at 19.95 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 SMH (VanEck Semiconductor ETF) means

A perpetual future on SMH (VanEck Semiconductor 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 SMH (VanEck Semiconductor ETF) on different schedules: 1h, 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 SMH (VanEck Semiconductor ETF) position earned or cost money.

Frequently asked questions

What is the funding rate on SMH (VanEck Semiconductor ETF) right now?

Across 10 venues the funding APR on SMH (VanEck Semiconductor ETF) runs from +0.00% on qfex to +53.59% on trade_xyz. The gap between them is 53.59 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 +1.6733% of position size on trade_xyz.

Which venue has the most liquid SMH (VanEck Semiconductor ETF) perpetual?

Across the venues listed above SMH (VanEck Semiconductor ETF) shows $13.73M of 24h volume and $8.12M of open interest. The deepest venue by 24h volume is qfex at $6.90M.

How often is funding paid on SMH (VanEck Semiconductor ETF)?

Venues settle SMH (VanEck Semiconductor ETF) on different schedules: 1h, 8h.

Has funding on SMH (VanEck Semiconductor ETF) been paid consistently?

Over the last 30 days we recorded 2723 funding settlements for SMH (VanEck Semiconductor ETF) across 10 venues. The rate was positive in 55% of them, meaning longs paid shorts that often. The average annualised rate over the window was +7.93%. Summed over the window, trade_xyz paid the most at +1.6733% of position size and qfex the least at -0.1879%.

Funding history over 30 days

Data generated at 2026-09-22T00:08:10Z. Live numbers load on this page automatically.