SMCI Funding Rate History
SMCI perpetual futures funding ranges from 0.00 bps on BINANCE to 1.00 bps on KUCOIN across 9 reporting venues, a spread of 1.00 bps. The most extreme rate (10.95% APY annualized) is on KUCOIN. 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 SMCI price.
SMCI Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 1.00 bps | 10.95% APY | 5.90 bps | $1.28M |
| BINGX | 1.00 bps | 10.95% APY | 1.00 bps | $1.23M |
| HUOBI | 1.00 bps | 10.95% APY | 1.50 bps | $280.91K |
| GATEIO | 1.00 bps | 10.95% APY | 0.70 bps | $34.76K |
| QFEX | 0.80 bps | 8.76% APY | 0.10 bps | $220.21K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
| BINANCE | 0.00 bps | 0.00% APY | 0.10 bps | $614.51K |
| OKX | 0.00 bps | 0.00% APY | n/a | $192.23K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $47.25K |
Last updated 2026-07-16T16:36:16Z (UTC).
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Related: SMCI open interest, SMCI volume, SMCI perp market data.