PerpEquities

Equity · Technology

Bitdeer Technologies Group (BTDR) perpetual futures

BTDR perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BTDRUSDT.

Bitdeer Technologies Group is a technology company focused on cryptocurrency mining, offering hardware sourcing, datacenter construction, and mining management services in the US and Norway.

$6.70-3.0%NASDAQ closed
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venue perp mark · BingX (BTDR-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$412.8K
Open interest
$20.6K
Best liquidity
$3.3K
Bybit
Tightest spread
+59.6 bps
Bybit
Highest volume
$367.3K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.01x
Spot volume $81.7M
OI / float
0.00%
Float $857.3M
Spot performance
1D-3.03%
5D+2.56%
1M-33.44%
6M-52.41%
YTD-42.82%
1Y-63.68%

Venue matrix

2 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
BingXTradeBTDR-USDTTrading$6.71+5.5% APR
+0.00500% every 8h
+74.5 bps$2.9K$367.3K$190.9USDT-
BybitTradeBTDR/USDTTrading$6.700.0% APR
0.000% every 8h
+59.6 bps$3.3K$45.5K$20.4KUSDT25x

Tradability

Execution quality

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

No sufficient depth · 0 of 2 venues absorb $10k

Too thin: Bybit, BingX

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

Best venues for this underlying

Best liquidity

BTDR

Tightest spread

BTDR

Highest volume

BTDR

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-08-10 · next report 2027-02-11 · Updated 21m ago
All financials →

Valuation & key figures

Market cap
$1.5B
Updated 21m ago
Revenue
$812.3M
Trailing 12 months
Revenue growth
+59%
Next fiscal year
Profit margin
-55.1%
P/E
-3.2
Peer P/E -3.3
P/S
1.8
Peer P/E
-3.3
Similar listed perps
Free cash flow
-$2.1B
Trailing 12 months
Net income
-$447.9M
Trailing 12 months
Revenue estimate
$988.8M
Next fiscal year
Earnings
2027-02-11
Revenue est. $288.8M · Updated 21m ago
Dividend
-
Revenue (TTM)$812M+127.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-34.4%+28.7 pp vs a year agoOperating income -$280M
Net income (TTM)-$448M+28.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$2.09B-62.1% vs a year agoCapex $470M
Diluted EPS (TTM)-$3.06+36.2% vs a year agoSum of the last 4 quarters
Net cash-$1.46B-859.1% vs a year agoCash + short-term investments - debt
  • Last report (2026-08-10): revenue in line, EPS missed by 1.6%Revenue $229M vs $229M expected (0.0%); EPS -$0.37 vs -$0.36 (-1.6%).
  • Revenue growth slowing: 47.1% year on yearQ2 '26 revenue $229M, against an average of 156.4% over the four quarters before.
  • Operating margin -34.4% (TTM), +28.7 pp on a year agoOperating income grew -24.2% while revenue grew 127.7%.
  • Capex 57.8% of revenue (a year ago 72.2%)$470M invested in the last 4 quarters (+82.3% on a year earlier). Free cash flow -$2.09B.

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
2027-02-11
Revenue est. $288.8M · Updated 21m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-1.69$988.8M+59%6
FY 2027-0.40$1.8B+194%5
FY 2028-0.15$2.9B+361%2
Q1 2027-0.08$387.7M+105%2
Q1 2027-0.21$309.1M+64%1
Q2 20270.04$460.2M+101%1

Company events

6
2027-04-21EarningsActual - / Estimate -0.29-
2027-02-11EarningsActual - / Estimate -0.29-
2026-11-10Earnings · Before market openActual -0.32 / Estimate -0.35Beat
2026-08-10EarningsActual -0.37 / Estimate -0.36Miss
2026-05-14EarningsActual -0.68 / Estimate -0.46Miss
2026-02-12EarningsActual -0.73 / Estimate -0.15Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Sep 18, 2026, 07:23 AM UTC

Company profile

Sector
Technology
Industry
Software - Application
Chief executive
Jihan Wu
Employees
471
IPO date
Jul 28, 2021
Country
SG
Exchange
NASDAQ Capital Market
Website
Altman Z-scorei0.42
Piotroski scorei1/9
Overall ratingiD+
Owner earningsi-$368.33M-$1.50 per share
ESG risk ratingiBIndustry rank: 81 out of 303

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
1
Price to earningsi
1
Price to booki
2
Market cap history
$2.84B-32.0%Jun 26 – Sep 26
$2.14B$3.16B$4.18BHigh: $4.18B · 2026-06-17Low: $2.14B · 2026-08-10Latest: $2.84B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $2.84B · 2026-09-17High: $4.18B · 2026-06-17Low: $2.14B · 2026-08-10
Largest fund holders
FundWeightShares held
IWM0.05%3.5M
NJM0.07%2.9M
FSSNX0.06%2M
BCHN.L1.99%2M
DAGB.L3.27%1.7M
ANOGX0.39%1.4M
STCE6.14%1.3M
DAPP3.2%1.2M
WGMI3.92%1M
NLO0.14%1M
IEFA0.01%989.5K
IWN0.07%881.3K

Analyst track record

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

12 months3 years
Ratings75195
Analysts1316
Buy / hold / sell66 / 9 / 0186 / 9 / 0
Upgrades / downgrades / initiations1 / 2 / 21 / 2 / 14
Price targets hit / missed0 / 74 (0%)0 / 193 (0%)
Avg. return after a rating (TipRanks)-74.9%-72.2%
Best / worst call-33.6% / -86.7%-33.6% / -86.7%

After buy calls on this stock: median 21-day move -4.6% vs S&P 500 -5.4% (n = 189)

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.

  1. Gregory LewisBTIG100% hit rate on this stock · 9 targets measuredBuytarget $25.00Aug 13, 2026
  2. John TodaroNeedham92% hit rate on this stock · 13 targets measuredBuytarget $20.00Aug 11, 2026
  3. Michael GrondahlNorthland Securities91% hit rate on this stock · 11 targets measuredBuytarget $23.00Oct 5, 2026

Latest ratings

DateAnalystCallTarget
Nov 10, 2026Brian KinstlingerAlliance Global PartnersBuyMaintained$17.00
Nov 10, 2026Brian KinstlingerAlliance Global PartnersBuyMaintained$17.00
Nov 2, 2026Stephen GlagolaKBWHoldMaintained$8.00
Nov 2, 2026Stephen GlagolaKBWHoldMaintained$8.00
Oct 30, 2026Nick GilesB. Riley SecuritiesBuyMaintained$19.00
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$5.00$10.00$15.00$20.00$25.00$30.00Dec 25 · Buy 11 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 1 · Sell 0Feb 26 · Buy 10 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 10 · Hold 1 · Sell 0Apr 26 · Buy 9 · Hold 2 · Sell 0Apr 26May 26 · Buy 9 · Hold 2 · Sell 0Jun 26 · Buy 10 · Hold 2 · Sell 0Jun 26Jul 26 · Buy 10 · Hold 2 · Sell 0Aug 26 · Buy 12 · Hold 1 · Sell 0Aug 26Sep 26 · Buy 11 · Hold 1 · Sell 0Oct 26 · Buy 11 · Hold 1 · Sell 0Oct 26Nov 26 · Buy 11 · Hold 1 · Sell 0Dec 25 · avg. target $32.55Jan 26 · avg. target $30.00Feb 26 · avg. target $23.82Mar 26 · avg. target $23.36Apr 26 · avg. target $20.95May 26 · avg. target $22.36Jun 26 · avg. target $23.42Jul 26 · avg. target $23.17Aug 26 · avg. target $22.15Sep 26 · avg. target $22.55Oct 26 · avg. target $22.64Nov 26 · avg. target $21.42Dec 25 · month-end close $11.21Jan 26 · month-end close $13.04Feb 26 · month-end close $7.70Mar 26 · month-end close $8.65Apr 26 · month-end close $11.29May 26 · month-end close $17.49Jun 26 · month-end close $15.87Jul 26 · month-end close $10.52Aug 26 · month-end close $10.85Sep 26 · month-end close $10.49Oct 26 · month-end close $6.71Nov 26 · month-end close $6.02

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

TipRanks data · computed Nov 11, 2026 · 75 ratings

Frequently asked questions

Where can I trade BTDR perpetual futures?

Bitdeer Technologies Group (BTDR) perpetual futures trade on 2 crypto venues, including BingX, Bybit. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BTDR around the clock?

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

What is the funding rate on BTDR perpetuals?

Right now the BTDR perp funding rate is +2.7% annualized (venue median), ranging from 0.0% to +5.5% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BTDR perp price compare to the Bitdeer Technologies Group stock?

The venue-median BTDR perp mark is $6.71 versus a reference stock price of $6.7, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BTDR perpetual future?

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

What is BTDRUSDT perpetual?

BTDRUSDT is the symbol most crypto exchanges use for the Bitdeer Technologies Group perpetual settled in USDT (Tether). It tracks the BTDR share price through an index, trades 24/7 with leverage and never expires.

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