SMH (xyz) on Hyperliquid
4% fee discount with referral code HYPERLAB
SMH (xyz) on Hyperliquid — price $562.860 (+3.96% 24h), funding +0.0006%/1h, open interest $3.9M, 24h volume $1.1M. Annualized funding +5.5%. Source: Hyperliquid official · as of 2026-10-28 04:30 UTC
- Trading status
- Live
- Max leverage
- 20×
- Margin mode
- Normal Isolated
- Open interest cap
- Capped — value not published
- Funding settlement
- Hourly (1h)
- Funding multiplier
- 0.5
- Oracle basis (underlying)
- SMH / USD
- Trading hours
- 24/7 on Hyperliquid · underlying: NYSE / Nasdaq
Contract spec from operator documentation · 2026-10-25 · snapshot as of 2026-10-28 04:30 UTC
Open/closed is computed server-side and the page is cached for up to an hour, so the status can lag — read the times above.
- Max leverage
- 20×
- Open interest cap
- Capped — value not published
- Oracle basis (underlying)
- SMH / USD
- Margin mode
- Normal Isolated
- Discovery bound
- 5%
- Funding rate multiplier
- 0.5
- External pricing session
- 24/5, from Sunday 8:05 PM ET to Friday 8:00 PM ET
- Internal pricing session
- Friday 8:00 PM to Sunday 8:05 PM ET, and follows equities holidays & trading hours.
Source: trade[XYZ] operator documentation (Specification Index, Holiday Closures, Roll Schedules), synced weekly. · 2026-10-25
The SMH (xyz) perpetual trades 24/7 on Hyperliquid, including while NYSE / Nasdaq is closed. While the underlying market is shut the oracle stops using external quotes and advances an internal price anchored to the last external print, snapping back to the external reference once quotes resume. The ETFs hub explains how that works for this asset class.
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/xyz-smh-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
xyz:SMH is a perpetual futures market on the xyz builder dex, built on Hyperliquid via the HIP-3 framework, offering synthetic price exposure to the VanEck Semiconductor ETF (SMH), a fund that holds a basket of leading semiconductor companies rather than a single stock. Traders take long or short positions referencing the ETF's price through an oracle feed, with up to 20x leverage available, instead of buying actual ETF shares. As a HIP-3 builder market, xyz sets its own margin requirements, funding rates, and oracle sourcing independently of Hyperliquid's core protocol. Because SMH tracks a basket of semiconductor names, its price reflects sector-wide sentiment — including AI demand cycles, chip supply dynamics, and broader tech-equity conditions — rather than any single company's news. The relatively high leverage ceiling means liquidation can happen quickly on sharp sector moves, so traders should size positions with that basket-level volatility in mind.
What is xyz:SMH?
A perpetual contract on the xyz builder dex tracking the VanEck Semiconductor ETF (SMH) price via an oracle feed — synthetic exposure to a basket of semiconductor stocks, not the ETF shares themselves.
Why trade a basket ETF instead of a single chip stock?
SMH exposure reflects broad semiconductor-sector sentiment rather than single-company risk, though it still carries builder-dex and leverage risk specific to this market.
What leverage is available and what's the risk?
Up to 20x. Higher leverage means smaller adverse price moves in the sector can trigger liquidation, so position sizing matters more at higher multiples.
What is the SMH (xyz) funding rate on Hyperliquid?
As of the latest snapshot, SMH (xyz) funding is +0.0006%/1h (≈ +5.5% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 04:30 UTC.
What are SMH (xyz)'s 24h volume and open interest?
SMH (xyz) currently has $1.1M in 24h volume and $3.9M in open interest. As of 2026-10-28 04:30 UTC.
What is SMH (xyz)'s all-time high on Hyperliquid?
SMH (xyz)'s all-time high is $691.840 on 2026-06-18; the all-time low is $497.600 on 2026-07-29. The 52-week range is $497.600–$691.840. As of 2026-10-28 04:30 UTC.
How can I trade SMH (xyz) on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the SMH (xyz) market (a HIP-3 builder-deployed market). Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 20× on this market), so positions can be liquidated — size positions conservatively.