SMH Funding Rate History
SMH perpetual futures funding ranges from -1.00 bps on BINGX to 1.00 bps on GATEIO across 6 reporting venues, a spread of 2.00 bps. The most extreme rate (10.95% APY annualized) is on GATEIO. Currently funding signs are mixed: 4 positive, 1 negative.
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 SMH price.
SMH Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $72.00K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $45.74K |
| BINGX | -1.00 bps | -10.95% APY | -0.90 bps | $0 |
| TRADEXYZ | 0.50 bps | 5.47% APY | -1.10 bps | $2.49M |
| VEST | 0.50 bps | 5.47% APY | 0.40 bps | $2.42K |
| OKX | 0.00 bps | 0.00% APY | n/a | $95.55K |
Last updated 2026-07-13T14:34:56Z (UTC).
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Related: SMH open interest, SMH volume, SMH perp market data.