SMH funding rates
SMH perpetual funding is currently quoted across 2 venues, ranging from +0.0% to +21.1% APR. The most reliable delta-neutral pairing for SMH right now is long QFEX / short TradeXYZ at +6.9% net APR (high risk, ~3.2d to break even).
as of 2026-10-20 23:12 UTC
Best delta-neutral pairing
Long QFEX / Short TradeXYZ
+6.9% net APR
- Backtested (30d)
- +8.8%
- Stability
- 84.9%
- Risk
- high
- Breakeven
- ~3.2d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeSMH funding by exchange
Frequently asked
What is the SMH funding rate right now?
SMH perpetual funding ranges from 0.00% to 21.08% APR across 2 exchanges we track; the widest delta-neutral spread is long QFEX / short TradeXYZ at 6.9% net APR.
Which exchange has the highest SMH funding rate?
TradeXYZ currently has the highest at 21.08% APR. See the full ranking above.