SMH funding rates
SMH funding is +0.0222% per 8h on LBank right now, +24.3% annualized; 9 exchanges quote the perpetual.
Rates by exchange
live| Exchange | Mark | Index | Mark vs index | Funding | APR | Interval | Next settlement |
|---|---|---|---|---|---|---|---|
 LBank | 541.45 | 540.82 | +0.1165% | +0.0222% | +24.3% | 8h | 03:59 PM UTC |
 MEXC | 541.25 | 540.95 | +0.0555% | +0.0221% | +24.2% | 8h | 03:59 PM UTC |
 Binance | 541.74 | 541.02 | +0.1338% | +0.0220% | +24.1% | 8h | 03:59 PM UTC |
 OKX | 541.63 | 540.92 | +0.1313% | +0.0173% | +18.9% | 8h | 03:59 PM UTC |
 Bitget | 541.63 | 540.82 | +0.1489% | 0.0000% | 0.0% | 8h | 03:59 PM UTC |
 Bybit | 541.38 | 540.98 | +0.0739% | 0.0000% | 0.0% | 8h | 03:59 PM UTC |
 Gate | 541.30 | 541.31 | -0.0018% | 0.0000% | 0.0% | 8h | 03:59 PM UTC |
 KuCoin | 541.23 | 540.73 | +0.0925% | 0.0000% | 0.0% | 8h | 03:59 PM UTC |
 BingX | 541.76 | 541.78 | -0.0037% | -0.0050% | -5.5% | 8h | 03:59 PM UTC |
Top pairings for SMH
| Long | Short | Kind | Funding / 24h | |
|---|---|---|---|---|
| LBank spot 540.88 | OKX spot 543.78 | spot-spot | — | Open in scanner |
| Binance spot 540.95 | OKX spot 543.78 | spot-spot | — | Open in scanner |
| Gate spot 540.97 | OKX spot 543.78 | spot-spot | — | Open in scanner |
| LBank spot 540.88 | Bitget perp 541.63 | spot-perp | 0.000% | Open in scanner |
| LBank spot 540.88 | LBank perp 541.45 | spot-perp | +0.067% | Open in scanner |
63 pairings in the scanner
See every pairing live
The scanner ranks every route by net spread through the order book, after both legs’ fees, with alerts to Telegram and a trade journal. The first week is free.
The table shows every exchange where SMH trades as a perpetual: the rate per settlement, the same rate annualized, the settlement interval and when the next one is. The numbers are the exchanges’ own, read live, not a snapshot from an hour ago.
A positive rate is paid by longs to shorts, a negative one the other way round. The annualized figure assumes the rate stays put for a year, which it never does — it is a way to compare exchanges with different intervals, not a forecast.
The highest and the lowest rate across exchanges are what a funding spread is made of: short where longs pay the most, long where they pay the least, and collect the difference every settlement — minus the cost of entering both legs.
FAQ
What is a funding rate?
A periodic payment between long and short holders of a perpetual that keeps its price near the spot price. Positive: longs pay shorts; negative: shorts pay longs.
How is the annualized rate computed?
The rate per settlement times the number of settlements in a year — 1095 for an 8h interval — in percent. It is a comparison figure, not a forecast.
Why does the rate differ between exchanges?
Each exchange computes its own rate from its own order flow and interval. The differences are what funding arbitrage lives on.