SMH funding rates and arbitrage
Updated 2026-10-29 14:15 UTC
Best SMH arbitrage after every cost
No SMH pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
SMH funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | SMHUSD-PERP | 0.0188% | 1 h | +164.8% | +59.8% | $2.9K | 2026-10-29 15:00 |
| HTX | SMH-USDT | 0.0100% | 8 h | +10.9% | +11.1% | $13.2K | 2026-10-29 16:00 |
| BingX | NCSKSMH2USD-USDT | 0.0053% | 8 h | +5.8% | +12.8% | $936.9K | 2026-10-29 16:00 |
| Bitget | SMHUSDT | 0.0050% | 8 h | +5.5% | 0.0% | $1.2M | 2026-10-29 16:00 |
| Bitunix | SMHUSDT | 0.0000% | 8 h | +0.0% | +9.0% | — | 2026-10-29 16:00 |
| KuCoin | SMHUSDTM | 0.0000% | 8 h | 0.0% | 0.0% | $2.7K | 2026-10-29 16:00 |
| MEXC | SMH_USDT | 0.0000% | 8 h | 0.0% | +8.3% | $471K | 2026-10-29 16:00 |
| OKX | SMH-USDT-SWAP | 0.0000% | 8 h | 0.0% | +3.1% | $532.9K | 2026-10-29 16:00 |
| LBank | SMHUSDT | 0.0000% | 8 h | 0.0% | — | — | 2026-10-29 16:00 |
| Bybit | SMHUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $309.9K | 2026-10-29 16:00 |
| Binance | SMHUSDT | 0.0000% | 8 h | 0.0% | +8.3% | $1.1M | 2026-10-29 16:00 |
| Gate | SMH_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $255.2K | 2026-10-29 16:00 |
| QFEX | SMH-USD | -0.0000% | 1 h | −0.3% | — | $1.6M | 2026-10-29 15:00 |
| Hyperliquid | xyz:SMH | -0.0002% | 1 h | −1.8% | +8.1% | $3.1M | 2026-10-29 15:00 |
| Hyperliquid | para:SMH | -0.0017% | 1 h | −15.0% | −20.2% | $155.2K | 2026-10-29 15:00 |
Cost to enter $10,000 of SMH
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:SMH | 3.5 bp | top of book only |
| MEXC | SMH_USDT | 4.1 bp | top of book only |
| BingX | NCSKSMH2USD-USDT | 5.3 bp | top of book only |
| Binance | SMHUSDT | 7.0 bp * | top of book only |
| Bitget | SMHUSDT | 8.6 bp | top of book only |
| Bybit | SMHUSDT | 11.8 bp | top of book only |
| OKX | SMH-USDT-SWAP | 13.3 bp * | top of book only |
| Gate | SMH_USDT | 14.6 bp | top of book only |
| KuCoin | SMHUSDTM | 21.6 bp | top of book only |
| HTX | SMH-USDT | 37.8 bp * | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is SMH funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no SMH pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest SMH funding rate?
Crypto.com at +164.8% a year (0.0188% every 1 h); the lowest is Hyperliquid at −15.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.