# SMH funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/SMH/funding · window: last 30 days · generated 2026-10-01T05:40 UTC

What SMH (VanEck Semiconductor ETF) actually paid over the last 30 days: 3,150 settlements across 14 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Crypto.com paid the most over the window at +1.6418% of position size.

A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 49% of the 3,150 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +1.6418% on Crypto.com to -2.1674% on Toobit — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Crypto.com | 720 | +1.6418% | +19.99% | +0.0278% | -0.0144% | 2026-10-01 04:00 UTC |
| trade[XYZ] (mirrors hyperliquid) | 720 | +1.5989% | +19.47% | +0.0206% | -0.0235% | 2026-10-01 04:00 UTC |
| HTX | 90 | +0.9000% | +10.96% | +0.0100% | +0.0100% | 2026-10-01 00:00 UTC |
| Bitunix | 90 | +0.2301% | +2.80% | +0.0348% | -0.0045% | 2026-10-01 00:00 UTC |
| Hotcoin | 90 | +0.1940% | +2.36% | +0.0317% | -0.0021% | 2026-10-01 00:01 UTC |
| BloFin | 90 | +0.1258% | +1.53% | +0.0313% | -0.0029% | 2026-10-01 00:00 UTC |
| MEXC | 90 | +0.1168% | +1.42% | +0.0317% | +0.0000% | 2026-10-01 00:00 UTC |
| OKX | 90 | +0.0469% | +0.57% | +0.0284% | -0.0021% | 2026-10-01 00:00 UTC |
| WEEX | 90 | +0.0323% | +0.39% | +0.0323% | -0.0054% | 2026-10-01 00:00 UTC |
| Bybit | 90 | +0.0214% | +0.26% | +0.0175% | +0.0000% | 2026-10-01 00:00 UTC |
| Bitget | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
| Gate.io | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
| QFEX | 720 | -0.1629% | -1.98% | +0.0070% | -0.0140% | 2026-10-01 04:00 UTC |
| Toobit | 90 | -2.1674% | -26.39% | +0.0588% | -0.2276% | 2026-10-01 00:00 UTC |

## FAQ

### Is the SMH funding rate a live quote or an actual payment?

A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 49% of the 3,150 settlements recorded here.

### Which exchange has paid the most settled SMH funding recently?

Crypto.com paid the most over the last 30 days at +1.6418% of position size across 720 settlements, an average annualized rate of +19.99%. This is a sum of actual payments, not a forecast.

### How often is SMH funding actually paid?

Over the last 30 days, ORBIT recorded 3,150 funding settlements for SMH across 14 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.

### What is the widest settled SMH funding spread between venues?

Over the last 30 days, settled totals ranged from +1.6418% on Crypto.com to -2.1674% on Toobit. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/SMH · Screener: https://orbitperpscreener.com/screener