PerpEquities

ETF

VanEck Semiconductor ETF (SMH) perpetual futures

SMH perpetual futures on 16 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SMHUSDT.

VanEck Semiconductor ETF tracked across crypto venues with normalized contract specifications.

$600.82-1.1%NASDAQ closed
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Price chart

 

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Collecting venue price data...
venue perp mark · Deepcoin (SMH/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

16/16 live markets
Venues
16
Live markets
16/16
24h volume
$6.6MCoverage: 15/16 marketsExchange-reported volume: $7.8M
Open interest
$42.3MCoverage: 11/16 markets
Best liquidity
$569.2K
BingX
Tightest spread
+0.2 bps
Bitunix
Highest volume
$3.7M
Deepcoin
Settlement mix
USDT · 13/16
Perp/spot vol.
0.00x
Spot volume $3.4B
OI / float
-
Float $0
Spot performance
1D-1.02%
5D-0.67%
1M+8.54%
6M+60.41%
YTD+66.70%
1Y+86.06%

Venue matrix

16 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
DeepcoinTradeSMH/USDTTrading$600.64-11.0% APR
-0.010% every 8h		+3.3 bps$32.1K$3.7M-USDT25x
Hyperliquid HIP-3Tradexyz:SMHTrading$600.65+52.6% APR
+0.00601% every 1h		+3.2 bps$172K$881.9K$3.2MUSDC20x
XT.comTradeSMH/USDTTrading$600.520.0% APR
0.000% every 8h		+5.3 bps$90.3K$507.7K$36MUSDT20x
BinanceTradeSMH/USDTTrading$600.520.0% APR
0.000% every 8h		+3.3 bps-$473.8K$612.6KUSDT-
BybitTradeSMH/USDTTrading$600.340.0% APR
0.000% every 8h		+6.0 bps$7.5K$348.8K$331.1KUSDT25x
LBankTradeSMH/USDTTrading$600.660.0% APR
0.000% every 8h		+3.3 bps$526.5K$170.7K-USDT50x
OKXTradeSMH/USDTTrading$600.520.0% APR
0.000% every 8h		+3.5 bps$17.6K$104.9K$484.2KUSDT20x
MEXCTradeSMH/USDTTrading$600.580.0% APR
0.000% every 8h		+1.5 bps$162.6K$99.9K$533.1KUSDT20x
BitgetTradeSMH/USDTTrading$599.390.0% APR
0.000% every 8h		+4.7 bps-$82.3K$835KUSDT20x
BitunixTradeSMH/USDTTrading$600.72+5.5% APR
+0.00498% every 8h		+0.2 bps$154.4K$78.4K-USDT50x
HTXTradeSMH/USDTTrading$601.54-+101.4 bps$1.5K$65.9K-USDT-
BloFinTradeSMH/USDTTrading$600.77+2.7% APR
+0.00250% every 8h		+3.3 bps$94K$45.9K$46.5KUSDT20x
Gate.ioTradeSMH/USDTTrading$600.300.0% APR
0.000% every 8h		+1.7 bps-$10.4K$166.9KUSDT20x
VestTradeSMH/USDCTrading$599.59+5.0% APR
+0.00057% every 1h		+30.8 bps$233.4K$4.6K-USDC25x
Crypto.com ExchangeTradeSMH/USDTrading$600.11-106.9% APR
-0.012% every 1h		+7.3 bps$5K$2.4K$2KUSD50x
BingXTradeSMHUS-USDTTrading$600.82+5.5% APR
+0.00500% every 8h		+17.3 bps$569.2K$1.2M⚠$5.6KUSDT-

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 11 of 16 venues absorb $10k · Typical cost: +11.2 bps – +28.2 bps

Too thin: Deepcoin, Crypto.com Exchange

No fresh book data: HTX, Bitget, Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

SMH
BingX · SMHUS-USDT$569.2K

Tightest spread

SMH
Bitunix · SMH/USDT+0.2 bps

Highest volume

SMH
Deepcoin · SMH/USDT$3.7M

Funding history

Stored venue snapshots by market

ETF data

VanEck Semiconductor ETF

SMH
Assets under management$74.62B
Expense ratio0.35%
Net asset value$606.67
Holdings26
InceptionDec 20, 2011

Top reported holdings

  1. 1NVDANvidia Corp19.28%
  2. 2TSMTaiwan Semiconductor Manufacturing Co L9.26%
  3. 3AMDAdvanced Micro Devices Inc5.8%
  4. 4AVGOBroadcom Inc5.25%
  5. 5INTCIntel Corp5.17%
  6. 6MUMicron Technology Inc5.05%
  7. 7SKHYVSk Hynix Inc4.5%
  8. 8TXNTexas Instruments Inc4.46%
  9. 9MRVLMarvell Technology Inc4.44%
  10. 10KLACKla Corp4.41%

Sector allocation

  • Technology100%

Country allocation

  • United States78.7%
  • Taiwan9.2%
  • Netherlands5.4%
  • South Korea4.6%
  • United Kingdom1.3%
  • Switzerland0.9%
  • Other0%
Provider updated: Sep 28, 2026, 02:00 PM UTCFetched: Sep 28, 2026, 11:15 PM UTCSource: FMP

Next catalyst

Catalysts

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
NASDAQ
Regular hours
09:30 AM – 04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid600.4
Ask603.43
Volume5,830,999

Frequently asked questions

Where can I trade SMH perpetual futures?

VanEck Semiconductor ETF (SMH) perpetual futures trade on 16 crypto venues, including Deepcoin, BingX, Hyperliquid HIP-3. 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 0.0% annualized (venue median), ranging from -106.9% to +52.6% across 16 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.

Other ETF perps

All ETF perps compared →

Also listed on Deepcoin

Also listed on BingX

Also listed on Hyperliquid HIP-3

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