SMCI perps: where to trade Supermicro perpetual futures
9 tracked venues list SMCI perps.
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The cheapest place to trade SMCI perps right now is Binance (SMCIUSDT): 14.57 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:12 UTC on 2026-10-03.
The next two venues are Extended 20.82 bps and Gate 23.65 bps. 6 of 9 SMCI markets gave a measured cost.
The Binance fee in this cost is a promotion for every account. Binance can end it.
Promo rate for eligible accounts: MEXC (SMCISTOCK_USDT) shows 1.15 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the SMCI fee for other accounts, so this cost is not ranked.
SMCI perps list on 9 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 2 other decentralized venues. Ostium (SMCI/USD) fills at an oracle price, with no public SMCI book to measure.
Maximum SMCI leverage runs from 10x on Extended (SMCI-USD) to 50x on MEXC (SMCISTOCK_USDT).
Measured SMCI cost for a $10,000 buy
- Binance14.57
- Extended20.82
- Gate23.65
- Bitget26.51
- OKX66.43
- Bybit81.16
SMCI funding and open interest
Funding now runs from 0.0% a year on Binance to 47.9% on Paragon, across 8 SMCI markets. A positive rate means that longs pay shorts.
8 SMCI markets report open interest, $8.6 million in total. Binance holds 30% of it ($2.6 million).
Where to trade Supermicro perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Binance | SMCIUSDT | 20x | 0.0000% / 8 h | 0.0% | +5.6% | $2.6M | 10.57 | 0.040% (docs, promotion for all accounts) | 14.57 | — |
| Extended | SMCI-USD | 10x | 0.0000% / 1 h | 0.0% | — | $563 | 19.82 | 0.010% (docs) | 20.82 | — |
| Gate | SMCI_USDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $810K | 16.15 | 0.075% (API) | 23.65 | — |
| Bitget | SMCIUSDT | 20x | 0.0000% / 8 h | 0.0% | +1.1% | $1.6M | 20.51 | 0.060% (API) | 26.51 | — |
| OKX | SMCI-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $516K | 61.43 | 0.050% (docs) | 66.43 | — |
| Bybit | SMCIUSDT | 25x | 0.0000% / 8 h | 0.0% | −0.8% | $917K | 78.41 | 0.028% (docs, promotion for all accounts) | 81.16 | — |
| MEXC | SMCISTOCK_USDT | 50x | 0.0000% / 8 h | 0.0% | +5.6% | $1.9M | 1.15 | Not stated for all accounts | — | 0.000% = 1.15 bps (eligible accounts, source, 2026-09-25) |
| Paragon | para:SMCI | 10x | +0.0055% / 1 h | +47.9% | +34.1% | $325K | 30.46 | Not stated | — | — |
| Ostium | SMCI/USD | — | — | — | — | — | No SMCI book | Oracle model | — | — |
Method: a $10,000 SMCI market buy fills against each public SMCI book.
The SMCI book cost is that fill price against the mid, in bps. The SMCI all-in cost adds the standard taker fee that every new account gets.
A SMCI promo rate that only eligible accounts get is shown in its own column and is never ranked.
A SMCI book price does not prove that the venue accepts SMCI orders at that time, so check the SMCI hours table.
Annual SMCI funding is the rate per hour times 8,760, with no compounding. The SMCI markets come from venue APIs read on 2026-09-25.
SMCI trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Binance | SMCIUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | SMCIUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | SMCIUSDT | 24/7 | Index with Pyth |
| Extended | SMCI-USD | Per market in API | Stork, Blue Ocean ATS |
| Gate | SMCI_USDT | Index holds last close | Paid feeds, crypto venues |
| MEXC | SMCISTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | SMCI-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | SMCI/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| Paragon | para:SMCI | 24/7, bounded off-hours | Unnamed data providers |
Find your liquidation price with the liquidation price calculator for SMCI. Compare all tickers on the stock perps hub.
Where to Trade Super Micro Computer (SMCI) Perpetual Futures
Fees and leverage limits apply venue-wide; check SMCI terms with the venue.
Super Micro Computer (SMCI) market overview
Super Micro Computer builds high-density, AI-optimized servers and liquid-cooling systems for data centers. SMCI perpetual futures offer 24/7 leveraged exposure to AI server demand, with elevated volatility tied to margins and past accounting scrutiny.
Frequently Asked Questions — Super Micro Computer (SMCI)
What open interest data is available for SMCI?
1 venue report positive SMCI open interest in this read.
The SMCI total leaves out venues outside the read.
How does a Super Micro Computer perpetual futures contract differ from the underlying asset?
A Super Micro Computer perpetual tracks the Super Micro Computer price, with no expiry date and no ownership of Super Micro Computer.
Check each venue for Super Micro Computer trading hours and the price source.
Category: Stocks