PerpEquities

Equity · Technology

Bending Spoons S.p.A. (BSP) perpetual futures

BSP perpetual futures on 14 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BSPUSDT.

Bending Spoons is an Italian technology company that acquires established products and grows them by increasing revenue and improving profitability through cost optimization.

$33.43+1.7%NASDAQ closed
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Collecting venue price data...
venue perp mark · BingX (BSP-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

14/14 live markets
Venues
14
Live markets
14/14
24h volume
$3.4MCoverage: 12/14 marketsExchange-reported volume: $5.5M
Open interest
$12.2MCoverage: 13/14 markets
Best liquidity
$771.4K
Gate.io
Tightest spread
+6.0 bps
LBank
Highest volume
$1M
Deepcoin
Settlement mix
USDT · 13/14
Perp/spot vol.
0.03x
Spot volume $108M
OI / float
+0.13%
Float $9.3B
Spot performance
1D+1.72%
5D+1.59%
1M-23.56%
6M-17.73%
YTD-17.73%
1Y-17.73%

Venue matrix

14 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
BinanceTradeBSP/USDTTrading$33.45-103.3% APR
-0.094% every 8h
+6.0 bps$23.2K$649.1K$558.4KUSDT-
LBankTradeBSP/USDTTrading$33.44-103.3% APR
-0.094% every 8h
+6.0 bps$57K$380.1K$129.8KUSDT50x
BybitTradeBSP/USDTTrading$33.57-428.0% APR
-0.391% every 8h
+8.9 bps$5.9K$377.3K$251.5KUSDT25x
Gate.ioTradeBSP/USDTTrading$33.43-43.4% APR
-0.040% every 8h
+29.9 bps$771.4K$259K$161.6KUSDT25x
OKXTradeBSP/USDTTrading$33.52-101.5% APR
-0.093% every 8h
+23.9 bps$6.4K$208.8K$148.9KUSDT10x
BitgetTradeBSP/USDTTrading$33.420.0% APR
0.000% every 8h
+7.5 bps-$179K$108.7KUSDT20x
MEXCTradeBSP/USDTTrading$33.56-96.8% APR
-0.088% every 8h
+26.8 bps$13.1K$101.7K$60KUSDT50x
BitunixTradeBSP/USDTTrading$33.43-51.3% APR
-0.047% every 8h
+12.0 bps$39.4K$86.9K$30.3KUSDT25x
XT.comTradeBSP/USDTTrading$33.45-76.8% APR
-0.070% every 8h
+35.9 bps$88.9K$55.8K$10.7MUSDT25x
HTXTradeBSP/USDTTrading$33.43+11.0% APR
+0.010% every 8h
+53.9 bps$4.5K$35.6K$5.6KUSDT-
Crypto.com ExchangeTradeBSP/USDTrading$33.43+322.7% APR
+0.037% every 1h
+20.9 bps$2.6K$20.2K$1.2KUSD50x
DeepcoinTradeBSP/USDTTrading$33.47-+6.0 bps$17K$1M-USDT25x
BingXTradeBSP-USDTTrading$33.44+5.5% APR
+0.00500% every 8h
+23.9 bps$23.3K$1.2M⚠$3.3KUSDT-
KuCoinTradeBSP/USDTTrading$33.52-123.0% APR
-0.112% every 8h
+11.9 bps$2.8K$929.7K⚠$37.2KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

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

Broad liquidity · 8 of 14 venues absorb $10k · Typical cost: +41.0 bps – +65.2 bps

Cheapest execution: LBank · +19.4 bps

Too thin: OKX, Bybit, HTX, KuCoin, Crypto.com Exchange

No fresh book data: Bitget

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

Best venues for this underlying

Best liquidity

BSP

Tightest spread

BSP

Highest volume

BSP

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 59m ago
Market cap
$22.3B
Updated 59m ago
Revenue
$1.3B
Trailing 12 months
Revenue growth
+115%
Next fiscal year
Profit margin
+15.7%
P/E
98.0
Peer P/E 44.8
Free cash flow
$202.3M
Trailing 12 months
More metrics
Net income
$204.4M
Trailing 12 months
P/S
17.1
Peer P/E
44.8
Similar listed perps
Revenue estimate
$2.8B
Next fiscal year
Earnings
2026-08-13
Revenue $704.2M · Updated 59m ago
Dividend
-
Company fundamentals are limited for this listing.Live perp markets are tracked, but full company financials need a second fundamentals source.

Fundamental detail

Annual + quarterly
Latest revenue$1.3B
Net margin0.0%
Free cash flow$290.1M
Net debt$2B
2023$387.1M
2024$671.1M
2025$1.3B
PeriodRevenueGrowthNet incomeFCF
2023$387.1M-$160.8M$55.1M
2024$671.1M+73%$89.5M$204.3M
2025$1.3B+95%-$136K$290.1M
PeriodGross marginOperating marginNet marginROEROA
2023+61.1%+21.8%+41.5%+47.7%+17.2%
2024+63.9%+19.0%+13.3%+14.1%+4.7%
2025+65.6%+21.3%0.0%0.0%0.0%
PeriodCashDebtNet debtCurrent ratio
2023$289.1M$389.3M$100.2M1.33
2024$238.7M$867.3M$628.6M1.09
2025$629.9M$2.7B$2B0.82
PeriodMarket capEnterprise valueP/SP/E
2023$753.6K$101M0.00.0
2024$22.7B$23.3B33.8253.1
2025$23.8B$25.8B18.2-174,865.6
Q1 2025$258.9M
Q1 2026$601.3M
Q2 2026$704.2M
PeriodRevenueGrowthNet incomeFCF
Q1 2025$258.9M--$112.2M$21.4M
Q1 2026$601.3M+132%$27.5M$72.4M
Q2 2026$704.2M-$177M$129.8M
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+63.9%-1.8%-43.3%0.0%0.0%
Q1 2026+67.9%+20.0%+4.6%+2.6%+0.4%
Q2 2026+65.6%+34.1%+25.1%+14.1%+2.2%
PeriodCashDebtNet debtCurrent ratio
Q1 2025---0.00
Q1 2026$740.8M$4.4B$3.6B0.78
Q2 2026$793M$5B$4.2B0.64
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$23.9B$092.3-53.3
Q1 2026$22.2B$25.9B37.0202.5
Q2 2026$25.1B$29.3B35.734.9

Refreshed 59m ago

Charts: revenue, profit, cash flow & valuation
Revenue$704.2MQ2 2026
$176M$352.1M$528.1M$704.2MQ1 2025: $258.9MQ1 2026: $601.3MQ2 2026: $704.2MQ1 2025Q2 2026
Net income$177MQ2 2026
-$39.9M$32.4M$104.7M$177MQ1 2025: -$112.2MQ1 2026: $27.5MQ2 2026: $177MQ1 2025Q2 2026
EBITDA$324.1MQ2 2026
$81M$162M$243.1M$324.1MQ1 2025: $22.1MQ1 2026: $239.6MQ2 2026: $324.1MQ1 2025Q2 2026
Free cash flow$129.8MQ2 2026
$32.5M$64.9M$97.4M$129.8MQ1 2025: $21.4MQ1 2026: $72.4MQ2 2026: $129.8MQ1 2025Q2 2026
EPS$0.29Q2 2026
-$0.07$0.05$0.17$0.29Q1 2025: -$0.19Q1 2026: $0.04Q2 2026: $0.29Q1 2025Q2 2026
Cash / Debt$793MQ2 2026
$1.2B$2.5B$3.7B$5BQ1 2026 · Cash: $740.8MQ1 2026 · Debt: $4.4BQ2 2026 · Cash: $793MQ2 2026 · Debt: $5BQ1 2025Q2 2026
CashDebt
Profitability+65.6%Q2 2026
-15.5%+12.3%+40.1%+67.9%Q1 2025 · Gross margin: +63.9%Q1 2026 · Gross margin: +67.9%Q2 2026 · Gross margin: +65.6%Q1 2025 · Operating margin: -1.8%Q1 2026 · Operating margin: +20.0%Q2 2026 · Operating margin: +34.1%Q1 2025 · Net margin: -43.3%Q1 2026 · Net margin: +4.6%Q2 2026 · Net margin: +25.1%Q1 2025Q2 2026
Gross marginOperating marginNet margin
Revenue growth+132.2%Q1 2026
+33.1%+66.1%+99.2%+132.2%Q1 2026: +132.2%Q1 2025Q2 2026
Shares outstanding620.5MQ2 2026
171.7M343.3M515M686.6MQ1 2025: 590.4MQ1 2026: 686.6MQ2 2026: 620.5MQ1 2025Q2 2026
Valuation34.9Q2 2026
10.774.6138.6202.5Q1 2025 · P/E: -53.3Q1 2026 · P/E: 202.5Q2 2026 · P/E: 34.9Q1 2025 · P/S: 92.3Q1 2026 · P/S: 37.0Q2 2026 · P/S: 35.7Q1 2025Q2 2026
P/EP/S
Revenue$1.3B2025
$326.6M$653.2M$979.8M$1.3B2023: $387.1M2024: $671.1M2025: $1.3B20232025
Net income-$136K2025
$40.1M$80.3M$120.5M$160.8M2023: $160.8M2024: $89.5M2025: -$136K20232025
EBITDA$410.8M2025
$102.7M$205.4M$308.1M$410.8M2023: $109.6M2024: $226.6M2025: $410.8M20232025
Free cash flow$290.1M2025
$72.5M$145M$217.6M$290.1M2023: $55.1M2024: $204.3M2025: $290.1M20232025
EPS$02025
$0.08$0.16$0.23$0.312023: $0.312024: $0.152025: $020232025
Cash / Debt$629.9M2025
$667.7M$1.3B$2B$2.7B2023 · Cash: $289.1M2023 · Debt: $389.3M2024 · Cash: $238.7M2024 · Debt: $867.3M2025 · Cash: $629.9M2025 · Debt: $2.7B20232025
CashDebt
Profitability+65.6%2025
+16.4%+32.8%+49.2%+65.6%2023 · Gross margin: +61.1%2024 · Gross margin: +63.9%2025 · Gross margin: +65.6%2023 · Operating margin: +21.8%2024 · Operating margin: +19.0%2025 · Operating margin: +21.3%2023 · Net margin: +41.5%2024 · Net margin: +13.3%2025 · Net margin: 0.0%20232025
Gross marginOperating marginNet margin
Revenue growth+94.7%2025
+23.7%+47.3%+71.0%+94.7%2024: +73.4%2025: +94.7%20232025
Shares outstanding598.9M2025
149.7M299.5M449.2M598.9M2023: 518.6M2024: 596.8M2025: 598.9M20232025
Valuation-174,865.62025
-131,085.9-87,306.2-43,526.6253.12023 · P/E: 0.02024 · P/E: 253.12025 · P/E: -174,865.62023 · P/S: 0.02024 · P/S: 33.82025 · P/S: 18.220232025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-08-13
Revenue $704.2M · Updated 59m ago

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
NASDAQ
Regular hours
09:30 AM – 04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid33.02
Ask34.6
Volume1

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.40$2.8B+115%5
FY 20272.21$4.4B+233%6
Q1 20270.41$857.4M+43%1
Q1 20270.36$868M+44%2
Q2 20270.55$1.1B+54%1
Q3 20270.50$1.1B+56%1

Company events

3
2026-08-13Earnings · Before market openActual 0.46 / Estimate 0.24Beat
2026-07-01EarningsActual $601.3M / Estimate --
2026-06-08EarningsActual 0.32 / Estimate --

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 22, 2026, 03:25 PM UTC

Company profile

Sector
Technology
Industry
Software - Application
Chief executive
Luca Ferrari
Employees
2,187
IPO date
Jul 1, 2026
Country
IT
Exchange
NASDAQ
Website
FMP ratingiB-

Rating factors

Return on equityi
4
Return on assetsi
3
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
$24.08B-11.2%Jul 26 – Sep 26
$21.28B$24.77B$28.25BHigh: $28.25B · 2026-08-10Low: $21.28B · 2026-07-13Latest: $24.08B · 2026-09-21Jul 26Aug 26Sep 26
Latest: $24.08B · 2026-09-21High: $28.25B · 2026-08-10Low: $21.28B · 2026-07-13
Largest fund holders
FundWeightShares held
BALPX0.17%7.9M
LEND0.28%6.7M
CGGR0.25%1.6M
TCAF0.72%1.6M
CGXU0.6%1M
FCNKX0.01%514.2K
FNCMX0.03%174.7K
FNITX0.01%98.1K
ONEQ0.03%75.6K
BGIA0.27%22.6K
FDGRX0%9K
XUEK.DE0.02%4K

Analyst track record

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

12 months3 years
Ratings1818
Analysts1010
Buy / hold / sell11 / 6 / 111 / 6 / 1
Upgrades / downgrades / initiations0 / 0 / 90 / 0 / 9
Price targets hit / missed0 / 18 (0%)0 / 18 (0%)
Avg. return after a rating (TipRanks)-24.9%-24.9%
Best / worst call-6.3% / -54.6%-6.3% / -54.6%

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

Latest ratings

DateAnalystCallTarget
Sep 28, 2026Omar DessoukyBank of America SecuritiesSellReiterated$36.00
Sep 17, 2026Eric SheridanGoldman SachsBuyReiterated$50.00
Sep 11, 2026Kirk MaterneEvercore ISIHoldMaintained$40.00
Sep 11, 2026Unknown AnalystStoneXBuyReiterated$50.00
Sep 11, 2026Kirk MaterneEvercore ISIHoldMaintained$40.00
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$34.00$36.00$38.00$40.00$42.00$44.00$46.00Oct 25 · Buy 0 · Hold 0 · Sell 0Oct 25Nov 25 · Buy 0 · Hold 0 · Sell 0Dec 25 · Buy 0 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 0 · Hold 0 · Sell 0Feb 26 · Buy 0 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 0 · Hold 0 · Sell 0Apr 26 · Buy 0 · Hold 0 · Sell 0Apr 26May 26 · Buy 0 · Hold 0 · Sell 0Jun 26 · Buy 0 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 5 · Hold 4 · Sell 0Aug 26 · Buy 5 · Hold 3 · Sell 1Aug 26Sep 26 · Buy 6 · Hold 3 · Sell 1Jul 26 · avg. target $40.44Aug 26 · avg. target $44.78Sep 26 · avg. target $46.00Jul 26 · month-end close $35.20Aug 26 · month-end close $41.35Sep 26 · month-end close $33.25

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 29, 2026 · 18 ratings

Frequently asked questions

Where can I trade BSP perpetual futures?

Bending Spoons S.p.A. (BSP) perpetual futures trade on 14 crypto venues, including BingX, Deepcoin, KuCoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BSP around the clock?

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

What is the funding rate on BSP perpetuals?

Right now the BSP perp funding rate is -76.8% annualized (venue median), ranging from -428.0% to +322.7% across 14 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BSP perp price compare to the Bending Spoons S.p.A. stock?

The venue-median BSP perp mark is $33.4 versus a reference stock price of $33.4, 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 BSP perpetual future?

A BSP perpetual is a derivative that tracks the price of Bending Spoons S.p.A. with no expiry date. It lets you take long or short exposure to Bending Spoons S.p.A. on crypto venues, around the clock.

What is BSPUSDT perpetual?

BSPUSDT is the symbol most crypto exchanges use for the Bending Spoons S.p.A. perpetual settled in USDT (Tether). It tracks the BSP share price through an index, trades 24/7 with leverage and never expires.

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