VanEck Semiconductor ETF perpetual futures (SMH)Open interest
Chart$8.4M -22.4% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| QFEX | $2.6M | -37.9% |
| Binance | $2.0M | |
| trade.xyz | $1.4M | -12.2% |
| Bitget | $1.2M | -4.5% |
Indices, ETFs and rates perp · up to 50x · 12 venues
VanEck Semiconductor ETF perpetual futures (SMH)
At 03:45 UTC on November 12, 2026, the VanEck Semiconductor ETF (SMH) perp traded at $493.85 (-1.31% over 24 hours), with $8.4M in open interest across 12 venues, led by QFEX with 30%. Maximum leverage is 50x, on Crypto.com; open-interest-weighted funding is 1.3% annualized.
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As of
- trade.xyz, 110 markets
- QFEX, 237 markets
- Vest Classic, 88 markets
- Vest Markets, 64 markets
- OKX, 543 markets
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- Binance, 758 markets
- Crypto.com, 414 markets
$493.85Live
Loading the price chart.
SMH at a glance
Volume, 24h
Chart$6.8M -33.9% d/d
- Volume / OI
- 0.81x
- Nov 10, full day
- $6.9M
- Nov 5: $14.7M
- Nov 6: $6.2M
- Nov 7: $1.5M
- Nov 8: $2.0M
- Nov 9: $10.4M
- Nov 10: $6.9M
Funding
Chart+1.3% a year
- Widest venue gap
- 119.0% long QFEX, short Crypto.com
- Paid over 24h, QFEX
- -0.004% shorts paid
Liquidations
Chart$115 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | – | $0 |
| 4h | $115 | |
| 24h | $115 | |
| 7d | $82.5K |
Taker flow
No trade data for this market.
Long vs short
Accounts51% long, large accounts
- Long / short
- $188.7K / $184.3K
- Accounts
- 5 long · 3 short (1.67 L/S)
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $31.6K
- Shorts, price up 5%
- $23.2K
- Heaviest long level
- $19.9K near $469.78 (-4.9%)
- Heaviest short level
- $20.5K near $514.22 (+4.1%)
SMH at your leverage
- Liquidation price
- $448.96 −9.1% from $493.85 on Crypto.com
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- −$131 −13% of margin from the 24-hour change
- Hold a day
- −$32.56 Funding and borrow at today's rate
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Crypto.com | Yes | $448.96 | −9.1% | −$32.56 |
| Vest Classic | Yes | $453.54 | −8.2% | −$1.37 |
| Vest Markets | Yes | $453.54 | −8.2% | −$6.63 |
| trade.xyz | Yes | $455.86 | −7.7% | −$1.50 |
| OKX | Yes | $455.86 | −7.7% | $0.00 |
| Bitget | Yes | $455.86 | −7.7% | $0.00 |
| Gate | Yes | $455.86 | −7.7% | $0.00 |
| MEXC | Yes | $455.86 | −7.7% | $0.00 |
| KuCoin | Yes | $455.86 | −7.7% | $0.00 |
| QFEX | Yes | $467.86 | −5.3% | +$0.04 |
| HTX | Yes | $467.86 | −5.3% | −$3.00 |
Below 10x:Binance cap not published
SOXL
QQQ
SPY
KORU
HYPESMH perpetual market
Funding spread 119.0% · long QFEX, short Crypto.com · Price dispersion 77.5 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: a venue that caps below your 10x.
| QFEX | SMH-USD | $493.53 | -0.55% | $2.6M | -37.9% | 30% | $850.8K | 0.33x | -0.1% | 10x |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance · daily | SMHUSDT | – | – | $2.0M | – | 24% | $2.1M | 1.02x | – | – |
| trade.xyz | xyz:SMH | $493.45 | -1.31% | $1.4M | -12.2% | 16% | $2.4M | 1.70x | +5.5% | 20x |
| Bitget | SMHUSDT | $494.40 | -0.58% | $1.2M | -4.5% | 14% | $170.8K | 0.14x | 0.0% | 20x |
| OKX | SMH-USDT-SWAP | $494.64 | -0.56% | $651.9K | -0.8% | 7.7% | $488.2K | 0.75x | 0.0% | 20x |
| MEXC | SMH_USDT | $494.22 | -0.59% | $280.3K | -5.7% | 3.3% | $125.0K | 0.45x | 0.0% | 20x |
| Gate | SMH_USDT | $494.40 | -0.48% | $197.7K | -0.6% | 2.3% | $45.8K | 0.23x | 0.0% | 20x |
| Vest Classic | SMH-USD-PERP | $493.30 | -0.62% | $82.4K | +0.2% | 1.0% | not published | – | +5.0% | 25x |
| HTX | SMH-USDT | $496.78 | -0.47% | $14.5K | +0.1% | 0.2% | $62.4K | 4.31x | +10.9% | 10x |
| KuCoin | SMHUSDTM | $494.70 | -0.52% | $6.8K | -23.8% | <0.1% | $572.3K | 84.57x | 0.0% | 20x |
| Crypto.com | SMHUSD-PERP | $492.95 | -0.87% | $2.0K | -0.9% | <0.1% | $1.7K | 0.84x | +118.8% | 50x |
| Vest Markets | SMH-USD-PERP | $494.51 | -0.60% | – | – | – | $0 | – | +24.2% | 25x |
| All venues | $493.85 | -1.31% | $8.4M | -22.4% | 100% | $6.8M | 0.81x | +1.3% | 50x |
SMH funding rate
SMH funding is +1.3% a year, weighted by open interest across 12 venues, with 119.0% between the highest and lowest venue.
SMH funding settlements, 7 days
trade.xyz
Latest settled +5.5% APR · hourly
QFEX
Latest settled -0.1% APR · hourly
Vest Classic
Latest settled +5.0% APR · hourly
Vest Markets
Latest settled +25.2% APR · hourly
OKX
Latest settled 0.0% APR · every 8h
Bitget
Latest settled 0.0% APR · every 8h
Gate
Latest settled 0.0% APR · every 8h
MEXC
Latest settled 0.0% APR · every 8h
HTX
Latest settled +10.9% APR · every 8h
KuCoin
Latest settled 0.0% APR · every 8h
Crypto.com
Latest settled +118.8% APR · hourly
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| trade.xyz | 168 | +7.4% | -242.9% | +72.6% | 77% of hours |
| QFEX | 168 | -0.5% | -8.8% | +3.8% | 18% of hours |
| Vest Classic | 168 | +5.0% | +5.0% | +5.0% | 100% of hours |
| Vest Markets | 168 | -9.8% | -38.8% | +31.8% | 36% of hours |
| OKX | 31 | +0.4% | -52.2% | +24.3% | 18% of hours |
| Bitget | 31 | -0.1% | -3.3% | +1.0% | 5% of hours |
| Gate | 31 | 0.0% | 0.0% | 0.0% | 0% of hours |
| MEXC | 31 | +0.9% | 0.0% | +8.4% | 15% of hours |
| HTX | 31 | +10.9% | +10.9% | +10.9% | 100% of hours |
| KuCoin | 31 | 0.0% | 0.0% | 0.0% | 0% of hours |
| Crypto.com | 167 | +39.9% | -104.6% | +128.5% | 93% of hours |
SMH open interest
SMH open interest is $8.4M across 12 venues.
SMH liquidation map
Range
Current price $498.75. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $518.70 to $519.95 | $0 | $20.5K |
| $473.81 to $475.06 | $19.9K | $0 |
| $460.10 to $461.34 | $14.0K | $0 |
| $482.54 to $483.79 | $11.7K | $0 |
| $546.13 to $547.38 | $0 | $4.0K |
| $451.37 to $452.62 | $3.6K | $0 |
| $541.14 to $542.39 | $0 | $3.3K |
| $452.62 to $453.86 | $2.7K | $0 |
| $509.97 to $511.22 | $0 | $1.6K |
| $522.44 to $523.69 | $0 | $1.0K |
96 accounts on trade.xyz · $1.2M long · $830.7K short · Nov 12, 02:00 UTC
SMH liquidation history
SMH long and short liquidations by venue.
SMH volume and order flow
$6.8M of SMH traded in the last 24 hours across 12 venues.
SMH order book and taker flow
trade.xyz
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | – | – | – | – |
| 4 hours | – | – | – | – |
| 12 hours | – | – | – | – |
| 24 hours | – | – | – | – |
| 3 days | $3.9M | $3.4M | +$498.2K | 53% |
| 7 days | – | – | – | – |
SMH large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 5, 14:32 UTC | trade.xyz | Taker buy | $158.3K | $484.84 |
| Nov 5, 14:31 UTC | Bitget | Long liquidated | $25.7K | $469.88 |
SMH news
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VanEck Semiconductor ETF coverage
Perps stories
SMH listing and leverage changes
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