PerpEquities

Equity · Technology

Semiconductor Manufacturing International Corporation (SMIC) perpetual futures

SMIC perpetual futures on 6 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SMICUSDT.

SMIC is China's largest contract chipmaker, producing integrated circuits on mature and advanced process nodes for fabless and other chip companies and providing related design, mask and testing services.

$6.27+3.7%
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venue perp mark · Bitget (SMIC/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

6/6 live markets
Venues
6
Live markets
6/6
24h volume
$621.4K
Open interest
$2.5M
Best liquidity
$458.7K
Bitget
Tightest spread
+3.2 bps
Bitget
Highest volume
$215.9K
Bitget
Settlement mix
USDT · 6/6
Perp/spot vol.
0.00x
Spot volume $289.3M
OI / float
+0.01%
Float $26.6B
Spot performance
1D+3.98%
5D+10.53%
1M-14.80%
6M-35.87%
YTD-31.25%
1Y-32.39%

Venue matrix

6 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
BitgetTradeSMIC/USDTTrading$6.270.0% APR
0.000% every 8h		+3.2 bps$458.7K$215.9K$247KUSDT5x
HTXTradeSMIC/USDTTrading$6.270.0% APR
0.000% every 8h		+331.1 bps$0$118.3K$9.6KUSDT-
XT.comTradeSMIC/USDTTrading$6.270.0% APR
0.000% every 8h		+135.7 bps$4.6K$109.6K$1.8MUSDT20x
MEXCTradeSMIC/USDTTrading$6.270.0% APR
0.000% every 8h		+33.5 bps$211.8K$104.7K$306KUSDT20x
BybitTradeSMIC/USDTTrading$6.290.0% APR
0.000% every 8h		+15.9 bps$7.2K$70.4K$72.8KUSDT20x
Gate.ioTradeSMIC/USDTTrading$6.280.0% APR
0.000% every 8h		+135.7 bps$3.8K$2.6K$40.2KUSDT20x

Tradability

Execution quality

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

Thin liquidity · 3 of 6 venues absorb $10k · Typical cost: +19.7 bps – +60.8 bps

Cheapest execution: Bitget · +10.6 bps

No fresh book data: XT.com, Gate.io, HTX

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

Best venues for this underlying

Best liquidity

SMIC
Bitget · SMIC/USDT$458.7K

Tightest spread

SMIC
Bitget · SMIC/USDT+3.2 bps

Highest volume

SMIC
Bitget · SMIC/USDT$215.9K

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-06-30 · next report 2026-11-12 · Updated 1h ago
All financials →

Valuation & key figures

Market cap
$63.2B
Updated 1h ago
Revenue
$10.5B
Trailing 12 months
Revenue growth
+28%
Next fiscal year
Profit margin
+9.9%
P/E
130.5
Peer P/E 50.8
P/S
6.0
Peer P/E
50.8
Similar listed perps
Free cash flow
-$2.2B
Trailing 12 months
Net income
$1.1B
Trailing 12 months
Revenue estimate
$11.9B
Next fiscal year
Earnings
2026-11-12
Revenue est. $3.1B · Updated 1h ago
Dividend
-
Revenue (TTM)$10.5B+18.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)10.3%+0.8 pp vs a year agoOperating income $1.08B
Net income (TTM)$1.06B+83.8% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$2.22B+31.3% vs a year agoCapex $7.9B
Diluted EPS (TTM)$0.13+86.2% vs a year agoSum of the last 4 quarters
Net cash-$1.23B+41.0% vs a year agoCash + short-term investments - debt
  • Revenue growth accelerating: 36.1% year on yearQ2 '26 revenue $3.01B, against an average of 13.4% over the four quarters before.
  • Operating margin 10.3% (TTM), +0.8 pp on a year agoOperating income grew 27.9% while revenue grew 18.4%.
  • 34.5% of pre-tax profit is non-operatingPre-tax income $1.65B vs operating income $1.08B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 75.6% of revenue (a year ago 77.2%)$7.9B invested in the last 4 quarters (+15.9% on a year earlier). Free cash flow -$2.22B = -208.9% of net income.

Revenue, operating income and growth

quarterly
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates

Next catalyst

Catalysts

Earnings
2026-11-12
Revenue est. $3.1B · Updated 1h ago

No unusual perp activity right now.

Reference data

Market context

Reference market

Closed
Hong Kong Stock Exchange
Regular hours
09:30 AM – 12:00 PM GMT+8
Next holiday
Dec 24, 2026 · Christmas Eve (half day)

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.18$11.9B+28%17
FY 20270.23$14.3B+53%18
FY 20280.28$16.4B+76%9
FY 20290.30$15.5B+66%9
FY 20300.32$15.8B+69%8
Q1 20270.05$3.2B+25%6

Company events

6
2026-11-12EarningsActual - / Estimate 0.4-
2026-08-13EarningsActual 0.47 / Estimate 0.28Beat
2026-05-14EarningsActual 0.16 / Estimate 0.21Miss
2026-02-10EarningsActual 0.16 / Estimate 0.18Miss
2025-11-13EarningsActual 0.16 / Estimate 0.18Miss
2025-08-06EarningsActual 0.16 / Estimate 0.15Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
HPE$63.7B1.523.9+6.6%15MURATA$62.6B4.934.5+14.3%6DDOG$64.4B15.1244.4+6.1%14NXPI$65.9B4.820.5+23.5%3MPWR$66.2B17.774.6+23.9%8HYGON$66.3B22.3129.1+17.3%1NAURA$58B8.967.1+13.3%1LUXSHARE$56.8B1.021.0+4.6%1

Company data

Company intelligence

Updated: Oct 6, 2026, 11:12 AM UTC

Company profile

Sector
Technology
Industry
Semiconductors
Chief executive
Haijun Zhao
Employees
19,952
IPO date
Mar 18, 2004
Country
CN
Exchange
Hong Kong Stock Exchange
Website
Altman Z-scorei2.62
Piotroski scorei6/9
Overall ratingiC
Owner earningsi$3.53B$0.44 per share

Rating factors

Return on equityi
2
Return on assetsi
3
Debt to equityi
1
Price to earningsi
1
Price to booki
3
Market cap history
HK$495.72B-18.2%Jul 26 – Oct 26
HK$491.70BHK$559.31BHK$626.91BHigh: HK$626.91B · 2026-07-13Low: HK$491.70B · 2026-09-28Latest: HK$495.72B · 2026-10-06Jul 26Aug 26Sep 26Oct 26
Latest: HK$495.72B · 2026-10-06High: HK$626.91B · 2026-07-13Low: HK$491.70B · 2026-09-28
Largest fund holders
FundWeightShares held
3033.HK7.67%74.9M
2800.HK1.7%35.6M
3067.HK7.51%15.8M
HSTC.L7.55%10.7M
3416.HK2.04%7.2M
371160.KS7.16%3.6M
2837.HK7.53%2.7M
3417.HK3.72%1.9M
3088.HK7.65%1.1M
3115.HK1.65%661.1K
2825.HK1.48%614.3K
3419.HK1.2%609.3K

Analyst track record

How the analysts covering SMIC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell––
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed––
Avg. return after a rating (TipRanks)––
Best / worst call– / –– / –

After buy calls on this stock: not enough measured cases yet

TipRanks data · computed Nov 6, 2026 · 0 ratings

Frequently asked questions

Where can I trade SMIC perpetual futures?

Semiconductor Manufacturing International Corporation (SMIC) perpetual futures trade on 6 crypto venues, including Bitget, HTX, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade SMIC around the clock?

Yes. Unlike the underlying stock, SMIC perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on SMIC perpetuals?

Right now the SMIC perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 6 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the SMIC perp price compare to the Semiconductor Manufacturing International Corporation stock?

The venue-median SMIC perp mark is $6.27 versus a reference stock price of $6.27, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a SMIC perpetual future?

A SMIC perpetual is a derivative that tracks the price of Semiconductor Manufacturing International Corporation with no expiry date. It lets you take long or short exposure to Semiconductor Manufacturing International Corporation on crypto venues, around the clock.

What is SMICUSDT perpetual?

SMICUSDT is the symbol most crypto exchanges use for the Semiconductor Manufacturing International Corporation perpetual settled in USDT (Tether). It tracks the SMIC share price through an index, trades 24/7 with leverage and never expires.

Other Technology perps

Also listed on Bitget

Also listed on HTX

Also listed on XT.com

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