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Equity
Alibaba Group Holding Ltd. (BABA) perpetual futures
BABA perpetual futures on 21 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BABAUSDT.
Alibaba Group provides technology infrastructure and marketing channels enabling businesses to engage customers in China and globally via platforms like Taobao, Tmall, AliExpress, and Alibaba Cloud.
$108.77-0.9%NYSE open
Price chart
Interactive TradingView chart
TradingView symbol NYSE:BABA
Loads TradingView's third-party widget (about 1 MB) on demand.
Auto: underlying reference priceOpen in TradingView
Trading data
Perpetual market activity
21/21 live markets
Trading data
Perpetual market activity
Venues
21
Live markets
21/21
24h volume
$20.3MCoverage: 16/21 marketsExchange-reported volume: $61.6M
Open interest
$46.3MCoverage: 18/21 markets
Best liquidity
$3M
Bitget
Tightest spread
+0.9 bps
Bitget
Highest volume
$11.5M
Binance
Settlement mix
USDT · 14/21
Perp/spot vol.
0.03x
Spot volume $622.3M
OI / float
+0.02%
Float $240.3B
Spot performance
1D-0.92%
5D-3.04%
1M-9.37%
6M-11.66%
YTD-26.48%
1Y-39.71%
Venue matrix
21 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | BABA/USDT | Trading | $108.82 | +12.2% APR +0.011% every 8h | +1.8 bps | - | $11.5M | $20.7M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:BABA | Trading | $108.72 | +5.5% APR +0.00063% every 1h | +0.9 bps | $667.7K | $2M | $12.4M | USDC | 10x | |
 Gate.io | Trade | BABA/USDT | Trading | $108.77 | 0.0% APR 0.000% every 8h | +4.6 bps | $295.2K | $2M | $2M | USDT | 50x | |
 KuCoin | Trade | BABA/USDT | Trading | $108.82 | +26.4% APR +0.024% every 8h | +9.2 bps | $35.1K | $1.5M | $525.4K | USDT | 20x | |
 Bitget | Trade | BABA/USDT | Trading | $108.77 | +46.8% APR +0.043% every 8h | +0.9 bps | $3M | $943.3K | $2.3M | USDT | 20x | |
 Extended | Trade | BABA/USD | Trading | $108.77 | +12.3% APR +0.00140% every 1h | +5.5 bps | $149.9K | $405.1K | $34.6K | USD | 10x | |
 Bitunix | Trade | BABA/USDT | Trading | $108.82 | +5.9% APR +0.00542% every 8h | +16.6 bps | $2M | $358.1K | $347.5K | USDT | 20x | |
 GRVT | Trade | BABA/USDT | Trading | $108.81 | +12.7% APR +0.012% every 8h | +7.4 bps | $391.7K | $181.4K | $2.3K | USDT | - | |
 MEXC | Trade | BABA/USDT | Trading | $108.77 | +12.2% APR +0.011% every 8h | +7.4 bps | $480.6K | $109.6K | $5.3M | USDT | 100x | |
 Ondo Perps | Trade | BABA/USD | Trading | $108.70 | - | +9.2 bps | $453.6K | $49.3K | $280.7K | USDC | 10x | |
 Helix (Injective) | Trade | BABA/USDC | Trading | $108.71 | +3.6% APR +0.00042% every 1h | - | - | $30.4K | - | USDC | 12x | |
 Aster | Trade | BABAUSDT | Trading | $108.76 | 0.0% APR 0.000% every 8h | +6.4 bps | $102.2K | $15.9K | $57.6K | USDT | - | |
 HTX | Trade | BABA/USDT | Trading | $108.26 | 0.0% APR 0.000% every 8h | +8.3 bps | $631.6K | $3.5K | $30.2K | USDT | - | |
 Crypto.com Exchange | Trade | BABA/USD | Trading | $108.36 | +10.1% APR +0.00116% every 1h | +14.7 bps | $16.1K | $2.1K | $2.9K | USD | 50x | |
 Orderly Network | Trade | BABA/USDC | Trading | $108.80 | +11.0% APR +0.010% every 8h | - | - | $626.1 | $1.6K | USDC | - | |
 Vest | Trade | BABA/USDC | Trading | $108.73 | +5.0% APR +0.00057% every 1h | +8.3 bps | $368.6K | - | - | USDC | 10x | |
 BingX | Trade | BABA-USDT | Trading | $108.83 | +44.8% APR +0.041% every 8h | +2.8 bps | $1.7M | $1.3M | - | USDT | - | |
 Deepcoin | Trade | BABA/USDT | Trading | $108.84 | +30.8% APR +0.028% every 8h | +2.8 bps | $2.7M | $17.7M⚠ | $28.4K | USDT | 25x | |
 Bybit | Trade | BABA/USDT | Trading | $108.86 | +29.0% APR +0.027% every 8h | +4.6 bps | $258.7K | $11.3M⚠ | $2M | USDT | 25x | |
 LBank | Trade | BABA/USDT | Trading | $108.75 | +12.2% APR +0.011% every 8h | +1.8 bps | $2.3M | $7.7M⚠ | $182.6K | USDT | 20x | |
 Ourbit | Trade | BABA/USDT | Trading | $108.81 | +12.2% APR +0.011% every 8h | +2.8 bps | $2.5M | $4.7M⚠ | $165K | USDT | 100x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| BABABbStocks | $108.49 | -0.26% | $4.9M | $7.9M | BNB Smart Chain (BEP20) |
| BABAonOndo GM | $109.28 | +0.47% | $3.1M | $2.6M | Ethereum · BNB Smart Chain (BEP20) · Solana · HyperEVM |
| BABARobinhood | $108.56 | -0.19% | $85k | $527k | Robinhood Chain |
| BABATokenized | $108.11 | -0.61% | $75k | – | – |
| rBABATokenized | $108.83 | +0.06% | $14k | $322k | Arbitrum |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 pancakeswapDEX · bsc | BABAB/USDT ↗ | $108.44 | $2.1M | $2.5M |
| gateioCEX | BABAON/USDT ↗ | $109.16 | $203k | – |
 uniswapDEX · robinhood | BABA/USDG ↗ | $108.56 | $85k | $52k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 18 of 21 venues absorb $10k · Typical cost: +7.2 bps – +10.7 bps
Too thin: Crypto.com Exchange
No fresh book data: Helix (Injective), Orderly Network
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
BABATightest spread
BABAHighest volume
BABAFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 23m ago
Company data
Company fundamentals
Market cap
$258.8B
Updated 23m ago
Revenue
$155.4B
Trailing 12 months
Revenue growth
+10%
Next fiscal year
Profit margin
+7.0%
P/E
23.5
Peer P/E 25.9
Free cash flow
-$11.5B
Trailing 12 months
More metrics
Net income
$10.9B
Trailing 12 months
P/S
1.7
Peer P/E
25.9
Similar listed perps
Revenue estimate
$167B
Next fiscal year
Earnings
2026-11-24
Revenue est. $40.4B · Updated 23m ago
Dividend
$1.05
2026-06-11
Fundamental detail
Annual + quarterlyLatest revenue$152.4B
Net margin+10.1%
Free cash flow-$7.6B
Net debt$12.8B
PeriodRevenueGrowthNet incomeFCF
2021$106.8B+41%$22.4B$27.1B
2022$127B+19%$9.3B$13.1B
2023$129.3B+2%$10.8B$24.6B
2024$140.1B+8%$11.9B$22.5B
2025$148.3B+6%$19.4B$11.6B
2026$152.4B+3%$15.4B-$7.6B
PeriodGross marginOperating marginNet marginROEROA
2021+41.3%+12.5%+21.0%+16.0%+8.9%
2022+36.8%+8.2%+7.3%+6.6%+3.7%
2023+36.7%+11.6%+8.4%+7.4%+4.2%
2024+37.7%+12.0%+8.5%+8.1%+4.5%
2025+40.0%+14.1%+13.1%+12.9%+7.2%
2026+39.8%+5.8%+10.1%+9.8%+5.4%
PeriodCashDebtNet debtCurrent ratio
2021$52.9B$27B-$25.8B1.70
2022$33.6B$26.3B-$7.2B1.65
2023$33.7B$29.1B-$4.5B1.80
2024$41.6B$30.6B-$10.9B1.77
2025$27.1B$37B$9.9B1.54
2026$25.7B$38.6B$12.8B1.28
PeriodMarket capEnterprise valueP/SP/E
2021$597.6B$571.8B5.626.7
2022$276.8B$269.5B2.230.1
2023$273.9B$269.4B2.125.3
2024$199.2B$188.3B1.416.8
2025$335.5B$345.4B2.317.4
2026$299B$311.8B2.019.0
PeriodRevenueGrowthNet incomeFCF
Q2 2025$35.2B+5%$6.6B$2.1B
Q3 2025$41.7B+8%$7.3B$10.4B
Q4 2025$35.2B+7%$1.9B-$4.1B
Q1 2026$36.9B+2%$6.1B-$2.6B
Q2 2026$36.9B+5%$3.1B-$3.2B
Q3 2026$42.4B+2%$2.4B$1B
Q4 2026$36.2B+3%$3.8B-$2.7B
Q1 2027$39.9B+8%$1.6B-$6.7B
PeriodGross marginOperating marginNet marginROEROA
Q2 2025+39.1%+14.9%+18.6%+4.6%+2.5%
Q3 2025+42.0%+14.7%+17.5%+4.9%+2.6%
Q4 2025+38.4%+12.0%+5.3%+1.2%+0.7%
Q1 2026+44.9%+14.1%+16.4%+4.0%+2.2%
Q2 2026+39.2%+2.2%+8.5%+2.0%+1.1%
Q3 2026+40.5%+7.1%+5.8%+1.6%+0.9%
Q4 2026+34.5%-0.3%+10.5%+2.4%+1.3%
Q1 2027+38.0%+7.2%+3.9%+1.0%+0.5%
PeriodCashDebtNet debtCurrent ratio
Q2 2025$34B$30.1B-$3.9B1.37
Q3 2025$30.7B$34.5B$3.8B1.48
Q4 2025$27.1B$37B$9.9B1.54
Q1 2026$27.3B$34.5B$7.3B1.45
Q2 2026$20.1B$41.9B$21.8B1.46
Q3 2026$25.4B$39.1B$13.7B1.33
Q4 2026$25.7B$38.6B$12.8B1.28
Q1 2027$27.6B$39.7B$12.1B1.36
PeriodMarket capEnterprise valueP/SP/E
Q2 2025$260B$256.1B7.49.9
Q3 2025$214B$217.8B5.17.4
Q4 2025$330.1B$340B9.444.8
Q1 2026$279.4B$286.7B7.610.9
Q2 2026$439.3B$461.1B11.935.2
Q3 2026$354.1B$367.9B8.436.8
Q4 2026$299B$311.8B8.319.7
Q1 2027$226.2B$238.3B5.736.3
Refreshed 23m ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-24
Revenue est. $40.4B · Updated 23m ago
Dividend
$1.05
2026-06-11
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
New York Stock Exchange
After-hours reference
Bid108.55
Ask108.69
Volume2,015,519
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202743.09$167B+10%18
FY 202860.68$187.9B+23%19
FY 202976.89$214.5B+41%16
FY 203073.07$243.1B+60%9
FY 20310.00$269.4B+77%10
Q2 202716.65$43.7B+18%3
Company events
62026-11-24EarningsActual - / Estimate 1.63-
2026-08-20Earnings · Before market openActual 1.25 / Estimate 1.94Miss
2026-06-11Dividend$1.05-
2026-05-13EarningsActual 0.09 / Estimate 1.02Miss
2026-03-19EarningsActual 1.01 / Estimate 1.91Miss
2025-11-25EarningsActual 0.61 / Estimate 0.66Miss
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
BABA-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 30, 2026, 11:38 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Chief executive
- Yongming Wu
- Employees
- 132,165
- IPO date
- Sep 19, 2014
- Country
- CN
- Exchange
- New York Stock Exchange
Altman Z-scorei2.58
Piotroski scorei4/9
FMP ratingiB+
Owner earningsi-CN¥16.13B-CN¥0.84 per share
ESG risk ratingiC+Industry rank: 13 out of 15
Rating factors
- Return on equityi
- 3
- Return on assetsi
- 3
- Debt to equityi
- 4
- Price to earningsi
- 2
- Price to booki
- 3
Company press releases
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Alibaba Group Holding Limited of Class Action Lawsuit and Upcoming Deadlines – BABAGlobeNewsWireKaplan Fox Reminds Investors of a Securities Class Action Against Alibaba Group Holding Limited (BABA) - Deadline is October 5, 2026Newsfile CorpAlibaba Group Holding Limited (BABA) Investors: Securities Fraud Class Action Filed, Contact Hagens Berman Before October 5, 2026 Lead Plaintiff DeadlinePRNewsWireAlibaba Group Holding Ltd Investigated by the Portnoy Law FirmGlobeNewsWireALIBABA DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alibaba Group Holding Limited Investors to Secure Counsel Before Important October 5 Deadline in Securities Class Action First Filed by the Firm - BABANewsfile CorpALIBABA DEADLINE: ROSEN, THE FIRST FILING FIRM, Encourages Alibaba Group Holding Limited Investors to Secure Counsel Before Important October 5 Deadline in Securities Class Action First Filed by the Firm – BABAGlobeNewsWire
Congressional disclosures
Senate
John Wright HickenlooperSale (Full) · $1,001 - $15,000Disclosed: May 15, 2023John W. HickenlooperSale (Full) · $1,001 - $15,000Disclosed: May 15, 2023Thomas Hawley TubervillePurchase · $50,001 - $100,000Disclosed: Feb 14, 2022Thomas Hawley TubervillePurchase · $15,001 - $50,000Disclosed: Feb 14, 2022Tommy TubervillePurchase · $15,001 - $50,000Disclosed: Feb 14, 2022
House
Gilbert Ray CisnerosSale (Full) · $100,001 - $250,000Disclosed: Sep 7, 2026Gilbert CisnerosSale · $100,001 - $250,000Disclosed: Sep 7, 2026Gilbert Ray CisnerosSale (Full) · $100,001 - $250,000Disclosed: Sep 7, 2026Josh S. GottheimerSale (Full) · $1,001 - $15,000Disclosed: Jul 8, 2026Josh S. GottheimerSale · $1,001 - $15,000Disclosed: Jul 8, 2026
Market cap history
$251.45B+13.4%Jun 26 – Sep 26
Latest: $251.45B · 2026-09-29High: $307.11B · 2026-08-10Low: $221.68B · 2026-06-29
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VPMAX | 1.12% | 11.2M |
| VCPA.S | 0.17% | 8.4M |
| VHCAX | 1% | 3.4M |
| VSCA.S | 0.11% | 3.3M |
| AIO | 0.41% | 3.3M |
| FEMKX | 2.52% | 2.5M |
| XAIX.F | 2.4% | 2.1M |
| AIQ | 2.03% | 1.9M |
| AVEM | 0.72% | 1.9M |
| VPCCX | 0.55% | 1M |
| ASIA.AX | 6.48% | 610.2K |
| QTUM | 1.08% | 562.9K |
Analyst track record
How the analysts covering BABA have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 101 | 358 |
| Analysts | 27 | 36 |
| Buy / hold / sell | 97 / 4 / 0 | 327 / 31 / 0 |
| Upgrades / downgrades / initiations | 4 / 4 / 1 | 9 / 7 / 2 |
| Price targets hit / missed | 0 / 97 (0%) | 59 / 288 (17%) |
| Avg. return after a rating (TipRanks) | -43.1% | -21.2% |
| Best / worst call | -18.1% / -54.8% | +38.3% / -54.8% |
After buy calls on this stock: median 21-day move -1.7% vs S&P 500 -2.9% (n = 321)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Colin SebastianRobert W. Baird100% hit rate on this stock · 11 targets measuredBuytarget $160Aug 21, 2026
- Alex YaoJ.P. Morgan94% hit rate on this stock · 16 targets measuredBuytarget $210Aug 21, 2026
- Joyce JuBank of America Securities89% hit rate on this stock · 18 targets measuredBuytarget $175Sep 22, 2026
Latest ratings
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Sep 25, 2026 · 101 ratings
Frequently asked questions
Where can I trade BABA perpetual futures?
Alibaba Group Holding Ltd. (BABA) perpetual futures trade on 21 crypto venues, including Deepcoin, Binance, Bybit. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade BABA around the clock?
Yes. Unlike the underlying stock, BABA perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on BABA perpetuals?
Right now the BABA perp funding rate is +8.8% annualized (venue median), ranging from 0.0% to +29.0% across 21 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the BABA perp price compare to the Alibaba Group Holding Ltd. stock?
The venue-median BABA perp mark is $108.8 versus a reference stock price of $108.8, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a BABA perpetual future?
A BABA perpetual is a derivative that tracks the price of Alibaba Group Holding Ltd. with no expiry date. It lets you take long or short exposure to Alibaba Group Holding Ltd. on crypto venues, around the clock.
What is BABAUSDT perpetual?
BABAUSDT is the symbol most crypto exchanges use for the Alibaba Group Holding Ltd. perpetual settled in USDT (Tether). It tracks the BABA share price through an index, trades 24/7 with leverage and never expires.
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