Q: What is SIMO-PERP?
A: SIMO-PERP is the perpetual contract for Silicon Motion on LMEX Markets. It tracks the price of Silicon Motion with no expiry date, anchored via funding payments that settle every 8 hours between long and short holders.
Q: How do I trade SIMO-PERP?
A: Open an account at lmexmarkets.com, deposit USDT, and search for SIMO-PERP in the trading interface. Leverage up to 125× is available on major markets. All five asset classes share one cross-margin wallet.
Q: What is the funding rate on SIMO-PERP?
A: Funding on SIMO-PERP settles every 8 hours between longs and shorts. Positive funding means longs pay shorts (the perpetual is trading at a premium to the index); negative funding means shorts pay longs. The live rate is shown above.
Q: Can I trade SIMO-PERP 24/7?
A: Yes. LMEX Markets runs 24 hours a day, 7 days a week. Unlike traditional equities markets that close at fixed hours, SIMO-PERP can be traded anytime, including weekends and holidays.