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ETF
VanEck Semiconductor ETF (SMH) perpetual futures
SMH perpetual futures on 17 crypto exchanges – live perp price vs the underlying, funding rate, open interest and where to trade SMHUSDT.
VanEck Semiconductor ETF tracked across crypto venues with normalized contract specifications.
$478.26-4.5%NASDAQ open
Price chart
Interactive TradingView chart
TradingView symbol NASDAQ:SMH
Loads TradingView's third-party widget (about 1 MB) on demand.
Auto: underlying reference priceOpen in TradingView
Trading data
Perpetual market activity
18/18 live markets
Trading data
Perpetual market activity
Venues
17
Live markets
18/18
24h volume
$19.3MCoverage: 16/18 marketsExchange-reported volume: $20.5M
Open interest
$7.9MCoverage: 14/18 markets
Best liquidity
$742.6K
LBank
Tightest spread
+0.2 bps
Bitunix
Highest volume
$11.9M
Deepcoin
Settlement mix
USDT · 14/18
Perp/spot vol.
0.00x
Spot volume $4.8B
Spot performance
1D-1.03%
5D+5.98%
1M-14.69%
6M-12.36%
YTD+39.32%
1Y+45.50%
Venue matrix
18 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | SMH/USDT | Trading | $478.45 | +23.6% APR +0.022% every 8h | +8.8 bps | - | $2.6M | $2M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:SMH | Trading | $477.57 | +1.9% APR +0.00022% every 1h | +8.2 bps | - | $964.3K | $3M | USDC | 20x | |
 LBank | Trade | SMH/USDT | Trading | $478.26 | +23.8% APR +0.022% every 8h | +8.4 bps | $742.6K | $431.6K | $32.1K | USDT | 50x | |
 Bybit | Trade | SMH/USDT | Trading | $478.29 | 0.0% APR 0.000% every 8h | +35.6 bps | $31K | $328K | $429K | USDT | 25x | |
 OKX | Trade | SMH/USDT | Trading | $478.63 | +15.4% APR +0.014% every 8h | +12.3 bps | $23.1K | $194.5K | $643.2K | USDT | 20x | |
 MEXC | Trade | SMH/USDT | Trading | $478.31 | +23.8% APR +0.022% every 8h | +15.1 bps | $266.9K | $123.4K | $263.2K | USDT | 20x | |
 Bitget | Trade | SMH/USDT | Trading | $478.46 | 0.0% APR 0.000% every 8h | +8.6 bps | $222.3K | $118.1K | $1.1M | USDT | 20x | |
 Bitunix | Trade | SMH/USDT | Trading | $478.69 | +28.0% APR +0.026% every 8h | +0.2 bps | $587.1K | $100.8K | $24.9K | USDT | 50x | |
 BloFin | Trade | SMH/USDT | Trading | $478.48 | +26.1% APR +0.024% every 8h | +1.9 bps | - | $74.8K | $66.6K | USDT | 20x | |
 HTX | Trade | SMH/USDT | Trading | $480.13 | +11.0% APR +0.010% every 8h | +111.0 bps | $715.8 | $60.1K | $14K | USDT | - | |
| Hyperliquid HIP-3 | Trade | para:SMH | Trading | $476.05 | +6.6% APR +0.00075% every 1h | +304.6 bps | $0 | $58.4K | $89.2K | USDC | 10x | |
 Gate.io | Trade | SMH/USDT | Trading | $477.90 | 0.0% APR 0.000% every 8h | +18.9 bps | $22.3K | $29.3K | $163.4K | USDT | 20x | |
 Crypto.com Exchange | Trade | SMH/USD | Trading | $478.14 | +69.6% APR +0.00794% every 1h | +18.7 bps | $7.2K | $798.8 | $1.7K | USD | 50x | |
 Vest | Trade | SMH/USDC | Trading | $477.72 | +5.0% APR +0.00057% every 1h | +8.8 bps | - | - | - | USDC | 25x | |
 Deepcoin | Trade | SMH/USDT | Trading | $478.55 | - | +8.4 bps | - | $11.9M | - | USDT | 25x | |
 XT.com | Trade | SMH/USDT | Trading | $478.43 | +23.6% APR +0.022% every 8h | +11.5 bps | $274.8K | $1.5M | - | USDT | 20x | |
 BingX | Trade | SMHUS-USDT | Trading | $478.75 | +23.7% APR +0.022% every 8h | +9.4 bps | $663.1K | $724K | - | USDT | - | |
 KuCoin | Trade | SMH/USDT | Trading | $478.61 | 0.0% APR 0.000% every 8h | +29.9 bps | $8.9K | $1.2M⚠ | $6.3K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| SMHBbStocks | $475.76 | -0.52% | $2.4M | $1.8M | BNB Smart Chain (BEP20) |
| SMHxxStocks | $497.47 | +4.02% | $50 | $2.1M | Solana · Ethereum · Ink · Mantle |
| SMHRobinhood | – | – | – | $109k | Robinhood Chain |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 10 of 17 venues absorb $10k · Typical cost: +14.7 bps – +35.0 bps
Cheapest execution: Bitunix · +6.6 bps
Too thin: KuCoin, Crypto.com Exchange
No fresh book data: HTX, Binance, Hyperliquid HIP-3, BloFin, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
SMHTightest spread
SMHHighest volume
SMHFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketETF data
VanEck Semiconductor ETF
SMH
ETF data
VanEck Semiconductor ETF
Assets under management$65.74B
Expense ratio0.35%
Net asset value$507.09
Holdings26
InceptionDec 20, 2011
Top reported holdings
- 1NVDANvidia Corp17.67%
- 2TSMTaiwan Semiconductor Manufacturing Co L10.05%
- 3AVGOBroadcom Inc6.13%
- 4TXNTexas Instruments Inc6.05%
- 5AMDAdvanced Micro Devices Inc6.04%
- 6ADIAnalog Devices Inc5.01%
- 7ASMLAsml Holding Nv4.54%
- 8KLACKla Corp4.5%
- 9MUMicron Technology Inc4.49%
- 10AMATApplied Materials Inc4.3%
Sector allocation
- Technology100%
Country allocation
- United States80.7%
- Taiwan9.8%
- Netherlands4.6%
- South Korea4%
- Singapore0.9%
Next catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid477.37
Ask477.77
Volume3,799,144
Frequently asked questions
Where can I trade SMH perpetual futures?
VanEck Semiconductor ETF (SMH) perpetual futures trade on 17 crypto venues, including Deepcoin, Binance, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade SMH around the clock?
Yes. Unlike the underlying stock, SMH perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on SMH perpetuals?
Right now the SMH perp funding rate is +23.6% annualized (venue median), ranging from +23.6% to +23.6% across 17 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
What is a SMH perpetual future?
A SMH perpetual is a derivative that tracks the price of VanEck Semiconductor ETF with no expiry date. It lets you take long or short exposure to VanEck Semiconductor ETF on crypto venues, around the clock.
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