SMH perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-09-09 13:54 UTC

SMH is quoted on 4 contracts. The highest funding rate is on OKX at +18.90% annualised over a 8h rate period, and the lowest is on Gate at 0.00% — a gap of 18.90 points. Rate periods differ by venue, so rates are normalised to simple annualised values. Payment direction depends on whether the position is long or short.

Highest rate now

+18.90%

OKX · 8h

Lowest rate now

0.00%

Gate · 8h

Spread

18.90

points

By venue

Venue	Rate	Annualised	30d realised APR	Max leverage	24h turnover	Actions
OKXCentralisedSMH-USDT-SWAP	+0.0173%8h	+18.90%	— no history yet	20x	56.3K	Liquidation → Trade →
BitgetCentralisedSMHUSDT	0.0000%8h	0.00%	— no history yet	20x	22.6K	Liquidation → Trade →
BybitCentralisedSMHUSDT	0.0000%8h	0.00%	— no history yet	25x	84.8K	Liquidation → Trade →
GateCentralisedSMH_USDT	0.0000%8h	0.00%	— no history yet	20x	4.7K	Liquidation → Trade →

SMH comparison scope and payment direction

This page retains low-turnover SMH contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. Contracts can use different quote currencies, settlement currencies and multipliers; check their specifications before comparing. Annualisation method · Official sources.

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Margin ladders

OKX · SMH-USDT-SWAP No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 7 base	2.0000%	20.00x	—
2	7.01 – 14 base	3.0000%	15.00x	—
3	14.01 – 21 base	4.0000%	12.50x	—
4	21.01 – 28 base	4.5000%	11.76x	—
5	28.01 – 35 base	5.0000%	11.11x	—
6	35.01 – 42 base	5.5000%	10.52x	—
7	42.01 – 49 base	6.0000%	10.00x	—
8	49.01 – 56 base	6.5000%	9.52x	—
9	56.01 – 63 base	7.0000%	9.09x	—
10	63.01 – 70 base	7.5000%	8.69x	—
11	70.01 – 77 base	8.0000%	8.33x	—
12	77.01 – 84 base	8.5000%	8.00x	—
13	84.01 – 91 base	9.0000%	7.69x	—
14	91.01 – 98 base	9.5000%	7.40x	—
15	98.01 – 105 base	10.0000%	7.14x	—
16	105.01 – 112 base	10.5000%	6.89x	—
17	112.01 – 119 base	11.0000%	6.66x	—
18	119.01 – 126 base	11.5000%	6.45x	—
19	126.01 – 133 base	12.0000%	6.25x	—
20	133.01 – 140 base	12.5000%	6.06x	—
21	140.01 – 147 base	13.0000%	5.88x	—
22	147.01 – 154 base	13.5000%	5.71x	—
23	154.01 – 161 base	14.0000%	5.55x	—
24	161.01 – 168 base	14.5000%	5.40x	—
25	168.01 – 175 base	15.0000%	5.26x	—
26	175.01 – 182 base	15.5000%	5.12x	—
27	182.01 – 189 base	16.0000%	5.00x	—
28	189.01 – 196 base	16.5000%	4.87x	—
29	196.01 – 203 base	17.0000%	4.76x	—
30	203.01 – 210 base	17.5000%	4.65x	—
31	210.01 – 217 base	18.0000%	4.54x	—
32	217.01 – 224 base	18.5000%	4.44x	—
33	224.01 – 231 base	19.0000%	4.34x	—
34	231.01 – 238 base	19.5000%	4.25x	—
35	238.01 – 245 base	20.0000%	4.16x	—
36	245.01 – 252 base	20.5000%	4.08x	—
37	252.01 – 259 base	21.0000%	4.00x	—
38	259.01 – 266 base	21.5000%	3.92x	—
39	266.01 – 273 base	22.0000%	3.84x	—
40	273.01 – 280 base	22.5000%	3.77x	—
41	280.01 – 287 base	23.0000%	3.70x	—
42	287.01 – 294 base	23.5000%	3.63x	—
43	294.01 – 301 base	24.0000%	3.57x	—
44	301.01 – 308 base	24.5000%	3.50x	—
45	308.01 – 315 base	25.0000%	3.44x	—
46	315.01 – 322 base	25.5000%	3.38x	—
47	322.01 – 329 base	26.0000%	3.33x	—
48	329.01 – 336 base	26.5000%	3.27x	—
49	336.01 – 343 base	27.0000%	3.22x	—
50	343.01 – 350 base	27.5000%	3.17x	—
51	350.01 – 357 base	28.0000%	3.12x	—
52	357.01 – 364 base	28.5000%	3.07x	—
53	364.01 – 371 base	29.0000%	3.03x	—
54	371.01 – 378 base	29.5000%	2.98x	—
55	378.01 – 385 base	30.0000%	2.94x	—
56	385.01 – 392 base	30.5000%	2.89x	—
57	392.01 – 399 base	31.0000%	2.85x	—
58	399.01 – 406 base	31.5000%	2.81x	—
59	406.01 – 413 base	32.0000%	2.77x	—
60	413.01 – 420 base	32.5000%	2.73x	—
61	420.01 – 427 base	33.0000%	2.70x	—
62	427.01 – 434 base	33.5000%	2.66x	—
63	434.01 – 441 base	34.0000%	2.63x	—
64	441.01 – 448 base	34.5000%	2.59x	—
65	448.01 – 455 base	35.0000%	2.56x	—
66	455.01 – 462 base	35.5000%	2.53x	—
67	462.01 – 469 base	36.0000%	2.50x	—
68	469.01 – 476 base	36.5000%	2.46x	—
69	476.01 – 483 base	37.0000%	2.43x	—
70	483.01 – 490 base	37.5000%	2.40x	—
71	490.01 – 497 base	38.0000%	2.38x	—
72	497.01 – 504 base	38.5000%	2.35x	—
73	504.01 – 511 base	39.0000%	2.32x	—
74	511.01 – 518 base	39.5000%	2.29x	—
75	518.01 – 525 base	40.0000%	2.27x	—
76	525.01 – 532 base	40.5000%	2.24x	—
77	532.01 – 539 base	41.0000%	2.22x	—
78	539.01 – 546 base	41.5000%	2.19x	—
79	546.01 – 553 base	42.0000%	2.17x	—
80	553.01 – 560 base	42.5000%	2.15x	—
81	560.01 – 567 base	43.0000%	2.12x	—
82	567.01 – 574 base	43.5000%	2.10x	—
83	574.01 – 581 base	44.0000%	2.08x	—
84	581.01 – 588 base	44.5000%	2.06x	—
85	588.01 – 595 base	45.0000%	2.04x	—
86	595.01 – 602 base	45.5000%	2.02x	—
87	602.01 – 609 base	46.0000%	2.00x	—

Bitget · SMHUSDT No deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 100000 quote	2.5000%	20.00x	—
2	100000 – 500000 quote	4.0000%	15.00x	—
3	500000 – 2000000 quote	5.0000%	10.00x	—
4	2000000 – 5000000 quote	10.0000%	5.00x	—
5	5000000 – 10000000 quote	12.5000%	4.00x	—
6	10000000 – 25000000 quote	30.0000%	2.00x	—
7	25000000 – ∞ quote	60.0000%	1.00x	—

Bybit · SMHUSDT With deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 50000 quote	2.0000%	25.00x	—
2	50000 – 60000 quote	2.0800%	24.00x	40
3	60000 – 75000 quote	2.1700%	23.00x	94
4	75000 – 97500 quote	2.2700%	22.00x	169
5	97500 – 105000 quote	2.3800%	21.00x	276.25
6	105000 – 112500 quote	2.5000%	20.00x	402.25
7	112500 – 150000 quote	2.6300%	19.00x	548.5
8	150000 – 225000 quote	2.7800%	18.00x	773.5
9	225000 – 300000 quote	2.9400%	17.00x	1133.5
10	300000 – 375000 quote	3.1300%	16.00x	1703.5
11	375000 – 450000 quote	3.3300%	15.00x	2453.5
12	450000 – 675000 quote	3.5700%	14.00x	3533.5
13	675000 – 900000 quote	3.8500%	13.00x	5423.5
14	900000 – 1200000 quote	4.1700%	12.00x	8303.5
15	1200000 – 1500000 quote	4.5500%	11.00x	12863.5
16	1500000 – 2500000 quote	5.0000%	10.00x	19613.5
17	2500000 – 3000000 quote	5.5600%	9.00x	33613.5
18	3000000 – 3500000 quote	6.2500%	8.00x	54313.5
19	3500000 – 4000000 quote	7.1400%	7.00x	85463.5
20	4000000 – 4500000 quote	8.3300%	6.00x	133063.5
21	4500000 – 5000000 quote	10.0000%	5.00x	208213.5
22	5000000 – 8750000 quote	11.1100%	4.50x	263713.5
23	8750000 – 12500000 quote	12.5000%	4.00x	385338.5
24	12500000 – 15625000 quote	14.2900%	3.50x	609088.5
25	15625000 – 18750000 quote	16.6700%	3.00x	980963.5
26	18750000 – 25000000 quote	20.0000%	2.50x	1605338.5
27	25000000 – 37500000 quote	25.0000%	2.00x	2855338.5
28	37500000 – 50000000 quote	28.5700%	1.75x	4194088.5
29	50000000 – 65000000 quote	33.3300%	1.50x	6574088.5
30	65000000 – ∞ quote	50.0000%	1.00x	17409588.5

Gate · SMH_USDT With deduction

Tier	Range	Maintenance rate	Max leverage	Deduction
1	0 – 5000 quote	2.5000%	20.00x	—
2	5000 – 10000 quote	3.0000%	16.00x	25
3	10000 – 20000 quote	3.5000%	14.00x	75
4	20000 – 30000 quote	4.0000%	12.00x	175
5	30000 – 50000 quote	5.0000%	10.00x	475
6	50000 – 70000 quote	6.5000%	8.00x	1225
7	70000 – 100000 quote	8.0000%	6.00x	2275
8	100000 – 200000 quote	10.0000%	5.00x	4275
9	200000 – 300000 quote	15.0000%	4.00x	14275
10	300000 – 500000 quote	20.0000%	3.00x	29275
11	500000 – 1000000 quote	25.0000%	2.00x	54275
12	1000000 – 1500000 quote	40.0000%	1.50x	204275
13	1500000 – ∞ quote	70.0000%	1.05x	654275

SMSMH perpetuals