PerpEquities

Equity · Communication services

Bilibili Inc. (BILI) perpetual futures

BILI perpetual futures on 1 crypto exchange – live perp price vs the stock, funding rate, open interest and where to trade BILIUSDT.

Bilibili Inc. is a Chinese online entertainment company offering video services, mobile games, subscriptions, and ACG-themed comics and audio, aimed at younger audiences in China.

$13.20—NASDAQ closed
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venue perp mark · Helix (Injective) (BILI/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
-Coverage: 0/1 markets
Open interest
-Coverage: 0/1 markets
Best liquidity
$0
Helix (Injective)
Tightest spread
-
Highest volume
-
Settlement mix
USDC · 1/1
Perp/spot vol.
-
Spot volume $71.2M
OI / float
-
Float $4.5B
Spot performance
1D-1.85%
5D-7.99%
1M-8.18%
6M-30.52%
YTD-46.12%
1Y-49.27%

Venue matrix

1 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
Helix (Injective)TradeBILI/USDCTrading$13.20+3.6% APR
+0.00042% every 1h
-$0--USDC12x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

BILI

Tightest spread

-
No live data-

Highest volume

-
No live data-

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-08-27 · next report 2026-11-24 · Updated 54m ago
All financials →

Valuation & key figures

Market cap
$5.78B
Updated 54m ago
Revenue
CN¥31.4B
Trailing 12 months
Revenue growth
+8%
FY2026 consensus
Profit margin
4.9%
Net income / revenue, TTM
P/E
24.3×
P/S
1.2×
Price / sales, TTM
Peer P/E
76.6×
Similar listed perps
EV / EBITDA
24.8×
TTM
Free cash flow
CN¥0
Trailing 12 months
Net income
CN¥1.53B
Trailing 12 months
Revenue estimate
CN¥32.9B
FY2026 consensus
Earnings
2026-11-24
Revenue est. $1.23B · Updated 54m ago
Dividend
–
No dividend
Revenue (TTM)CN¥31.4B+6.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)4.5%+3.3 pp vs a year agoOperating income CN¥1.4B
Net income (TTM)CN¥1.53B+596.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)CN¥0-100.0% vs a year agoCapex CN¥0
Diluted EPS (TTM)CN¥3.37+563.0% vs a year agoSum of the last 4 quarters
Net cashCN¥14.8B+20.8% vs a year agoCash + short-term investments - debt
  • Revenue growth slowing: 7.9% year on yearQ2 '26 revenue CN¥7.92B, against an average of 9.6% over the four quarters before.
  • Operating margin 4.5% (TTM), +3.3 pp on a year agoOperating income grew 327.5% while revenue grew 6.7%.
  • 10.1% of pre-tax profit is non-operatingPre-tax income CN¥1.55B vs operating income CN¥1.4B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 0.0% of revenue (a year ago 0.0%)CN¥0 invested in the last 4 quarters (– on a year earlier). Free cash flow CN¥0 = 0.0% of net income.

Revenue, operating income and growth

quarterly
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates

Next catalyst

Catalysts

Earnings
2026-11-24
Revenue est. $1.23B · Updated 54m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.02$4.9B+8%15
FY 20271.24$5.4B+10%15
FY 20281.57$5.9B+8%13
FY 20291.78$6.7B+14%10
Q1 20270.21$1.2B+13%2
Q2 20270.30$1.3B+14%2
Source: FMP · Consensus

Company events

6
2026-11-24Earnings · Before market openActual - / Estimate 0.27-
2026-08-27EarningsActual 0.23 / Estimate 0.23In line
2026-05-19EarningsActual 0.19 / Estimate 0.17Beat
2026-03-05EarningsActual 0.28 / Estimate 0.27Beat
2025-11-13EarningsActual 0.24 / Estimate 0.207Beat
2025-08-21EarningsActual 0.18 / Estimate 0.17Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 15, 2026, 02:11 PM UTC

Company profile

Sector
Communication Services
Industry
Internet Content & Information
Chief executive
Rui Chen
Employees
8,287
IPO date
Mar 28, 2018
Country
CN
Exchange
NASDAQ Global Select
Website
Altman Z-scorei1.91
Piotroski scorei5/9
Overall ratingiC+
Owner earningsiCN¥24.29MCN¥0.05 per share
ESG risk ratingiBIndustry rank: 21/82

Rating factors

Return on equityi
3/5
Return on assetsi
3/5
Debt to equityi
2/5
Price to earningsi
1/5
Price to booki
2/5
Market cap history
$5.54B-23.3%Aug 2026 – Nov 2026
$5.54B$6.39B$7.23BHigh: $7.23B · 2026-08-17Latest: $5.54B · 2026-11-13Aug 2026Sep 2026Oct 2026Nov 2026
Latest: $5.54B · 2026-11-13High: $7.23B · 2026-08-17Low: $5.54B · 2026-11-13
Largest fund holders
FundWeightShares held
HERO3.24%148.6K
SOCL1.8%102.5K
SILX2.49%71.5K
VALT2.35%71.5K
PGJ1.23%69.6K
FNCMX0%69.4K
KOMP0.03%61.5K
TRFM0.18%42K
ONEQ0%32.6K
VINEX0.03%32.1K
FNI0.96%28.5K
MOON2.16%27.4K

Analyst track record

How the analysts covering BILI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings34148
Analysts1228
Buy / hold / sell31 / 3 / 0102 / 43 / 3
Upgrades / downgrades / initiations4 / 0 / 015 / 8 / 2
Price targets hit / missed0 / 32 (0%)17 / 125 (12%)
Avg. return after a rating (TipRanks)-54.6%-33.2%
Best / worst call-36.9% / -62.1%+32.5% / -63.2%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Oct 23, 2026Alex LiuBank of America SecuritiesOct 23, 2026BuyMaintained–↗
Oct 16, 2026Unknown AnalystJ.P. MorganOct 16, 2026BuyMaintained$21.00↗
Oct 13, 2026Brian GongCitiOct 13, 2026BuyMaintained$26.50↗
Aug 31, 2026Jiong ShaoBarclaysAug 31, 2026BuyMaintained$34.00↗
Aug 28, 2026Saiyi HeCMB International SecuritiesAug 28, 2026BuyMaintained$28.00↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$15.00$20.00$25.00$30.00$35.00Dec 25 · Buy 12 · Hold 3 · Sell 0Dec 25Jan 26 · Buy 11 · Hold 3 · Sell 0Feb 26 · Buy 11 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 11 · Hold 1 · Sell 0Apr 26 · Buy 9 · Hold 0 · Sell 0Apr 26May 26 · Buy 9 · Hold 0 · Sell 0Jun 26 · Buy 9 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 9 · Hold 0 · Sell 0Aug 26 · Buy 8 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 7 · Hold 0 · Sell 0Oct 26 · Buy 8 · Hold 0 · Sell 0Oct 26Nov 26 · Buy 8 · Hold 0 · Sell 0Dec 25 · avg. target $30.07Jan 26 · avg. target $30.29Feb 26 · avg. target $30.54Mar 26 · avg. target $31.23Apr 26 · avg. target $30.94May 26 · avg. target $30.74Jun 26 · avg. target $30.74Jul 26 · avg. target $30.74Aug 26 · avg. target $29.61Sep 26 · avg. target $28.84Oct 26 · avg. target $27.91Nov 26 · avg. target $27.91Dec 25 · month-end close $24.59Jan 26 · month-end close $34.04Feb 26 · month-end close $27.90Mar 26 · month-end close $22.56Apr 26 · month-end close $22.03May 26 · month-end close $17.32Jun 26 · month-end close $17.03Jul 26 · month-end close $19.10Aug 26 · month-end close $16.16Sep 26 · month-end close $15.02Oct 26 · month-end close $12.68Nov 26 · month-end close $13.25

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 14, 2026 · 34 ratings

Frequently asked questions

Where can I trade BILI perpetual futures?

Bilibili Inc. (BILI) perpetual futures trade on one crypto venue: Helix (Injective). PerpEquities shows its live price, funding rate, open interest and liquidity.

Can I trade BILI around the clock?

Yes. Unlike the underlying stock, BILI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BILI perpetuals?

Right now the BILI perp funding rate is +3.6% annualized (one venue). A positive rate means longs pay shorts. PerpEquities shows the live rate and its history.

How does the BILI perp price compare to the Bilibili Inc. stock?

The venue-median BILI perp mark is $13.2 versus a reference stock price of $13.2, 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 BILI perpetual future?

A BILI perpetual is a derivative that tracks the price of Bilibili Inc. with no expiry date. It lets you take long or short exposure to Bilibili Inc. on crypto venues, around the clock.

What is BILIUSDT perpetual?

BILIUSDT is the symbol most crypto exchanges use for the Bilibili Inc. perpetual settled in USDT (Tether). It tracks the BILI share price through an index, trades 24/7 with leverage and never expires.

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