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SMH

SMH Perp Funding

SMH perpetual funding and carry across venues, annualized and mechanism-true.

Best venue to short0.00%Binance · Shorts collect the funding longs pay
Cheapest venue to long-86.19%Hyperliquid · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread86.19%Short Binance / long Hyperliquid
Open interest by venue$4M5 venues listing SMH
Binancestandard
0.00%Annualized funding · settles every 8h
Mark $566.68OI $368K
Bitgetstandard
0.00%Annualized funding · settles every 8h
Mark $567.32OI $391K
Gatestandard
0.00%Annualized funding · settles every 8h
Mark $566.9OI $75K
Hyperliquidbuilder set
-86.19%Annualized funding · settles every 1h
Mark $566.38OI $3M
OKXstandard
0.00%Annualized funding · settles every 8h
Mark $566.58OI $349K
Funding history · annualized

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Accumulated funding
Venue1D7D30D
Binance
0.00%
3/3 · 100%
+0.03%
21/21 · 100%
+0.03%
90/90 · 100%
Bitget
0.00%
3/3 · 100%
0.00%
21/21 · 100%
0.00%
90/90 · 100%
Gate
0.00%
3/3 · 100%
0.00%
21/21 · 100%
+0.36%
90/90 · 100%
Hyperliquid
-0.05%
24/24 · 100%
+0.50%
168/168 · 100%
+1.34%
720/720 · 100%
OKX
0.00%
3/3 · 100%
+0.01%
21/21 · 100%
+0.01%
90/90 · 100%
Funding by session phase · 30D avg annualized
PhaseAvg APRSettlements
Market hours+12.33%200
After hours+14.14%511
Weekend+7.14%333
Holiday+3.90%36

Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.