PerpEquities

Equity · Financial services

Cipher Mining Inc. (CIFR) perpetual futures

CIFR perpetual futures on 6 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CIFRUSDT.

Cipher Mining Inc. is a US-based technology company focused on Bitcoin mining, developing and operating cryptocurrency mining operations.

$15.93+1.6%NASDAQ closed
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Collecting venue price data...
venue perp mark · BingX (CIFR-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

6/6 live markets
Venues
6
Live markets
6/6
24h volume
$379.8KCoverage: 5/6 marketsExchange-reported volume: $2M
Open interest
$524.1K
Best liquidity
$91.2K
Hyperliquid HIP-3
Tightest spread
+25.2 bps
Bybit
Highest volume
$170.7K
HTX
Settlement mix
USDT · 5/6
Perp/spot vol.
0.00x
Spot volume $481.1M
OI / float
+0.01%
Float $5.3B
Spot performance
1D+1.62%
5D-9.19%
1M-11.44%
6M+17.68%
YTD+6.44%
1Y+2.41%

Venue matrix

6 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
HTXTradeCIFR/USDTTrading$15.930.0% APR
0.000% every 8h
+245.4 bps$0$170.7K$375.9USDT-
MEXCTradeCIFR/USDTTrading$15.920.0% APR
0.000% every 8h
+50.3 bps$1.1K$140.5K$27.1KUSDT20x
BybitTradeCIFR/USDTTrading$16.000.0% APR
0.000% every 8h
+25.2 bps$479.8$59.9K$137.7KUSDT25x
Hyperliquid HIP-3Tradepara:CIFRTrading$15.93+240.4% APR
+0.027% every 1h
+36.4 bps$91.2K$8.3K$291KUSDC10x
Gate.ioTradeCIFR/USDTTrading$15.970.0% APR
0.000% every 8h
+170.5 bps$487$351$66.4KUSDT20x
BingXTradeCIFR-USDTTrading$16.05+5.5% APR
+0.00500% every 8h
+43.9 bps$615.4$1.7M⚠$1.6KUSDT-

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

Thin liquidity · 1 of 6 venues absorb $10k · Typical cost: +34.6 bps

Cheapest execution: Hyperliquid HIP-3 · +34.6 bps

Too thin: MEXC, BingX, Bybit

No fresh book data: Gate.io, HTX

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

Best venues for this underlying

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 6h ago
Market cap
$6.4B
Updated 6h ago
Revenue
$191.1M
Trailing 12 months
Revenue growth
-5%
Next fiscal year
Profit margin
-585.8%
P/E
-5.5
Peer P/E 4.4
Free cash flow
-$1.5B
Trailing 12 months
More metrics
Net income
-$1.1B
Trailing 12 months
P/S
33.6
Peer P/E
4.4
Similar listed perps
Revenue estimate
$212.3M
Next fiscal year
Earnings
2026-11-02
Revenue est. $38.1M · Updated 6h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$223.9M
Net margin-367.2%
Free cash flow-$695.9M
Net debt$2.1B
2020$0
2021$0
2022$3M
2023$126.8M
2024$151.3M
2025$223.9M
PeriodRevenueGrowthNet incomeFCF
2020$0-$1.1M-$321.6K
2021$0--$72.2M-$151.6M
2022$3M--$39.1M-$248.8M
2023$126.8M+4,077%-$25.8M-$149.3M
2024$151.3M+19%-$44.6M-$227M
2025$223.9M+48%-$822.2M-$695.9M
PeriodGross marginOperating marginNet marginROEROA
20200.0%0.0%0.0%-31,951.7%+642.4%
20210.0%0.0%0.0%-20.4%-20.4%
2022+75.4%-1,232.2%-1,285.9%-11.4%-9.3%
2023+60.3%-15.9%-20.3%-5.2%-4.6%
2024+18.6%-28.9%-29.5%-6.5%-5.2%
2025+28.4%-150.7%-367.2%-102.1%-19.2%
PeriodCashDebtNet debtCurrent ratio
2020$0$0$00.00
2021$209.8M$0-$209.8M447.99
2022$11.9M$20.7M$8.7M1.18
2023$86.1M$22M-$64.1M4.60
2024$5.6M$56.4M$50.8M1.28
2025$628.3M$2.8B$2.1B3.79
PeriodMarket capEnterprise valueP/SP/E
2020$2.1B$2.1B0.0995.0
2021$1B$799.6M0.0-14.0
2022$139M$147.7M45.8-3.5
2023$1B$978.4M8.2-41.3
2024$1.5B$1.6B9.9-33.1
2025$5.6B$7.8B25.2-6.9
Q3 2024$24.1M
Q4 2024$42.2M
Q1 2025$49M
Q2 2025$43.6M
Q3 2025$71.7M
Q4 2025$59.7M
Q1 2026$34.8M
Q2 2026$24.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$24.1M-20%-$86.8M-$183M
Q4 2024$42.2M-3%$17.5M-$104.2M
Q1 2025$49M+2%-$39M-$147.3M
Q2 2025$43.6M+18%-$45.8M-$87.5M
Q3 2025$71.7M+198%-$3.3M-$95.2M
Q4 2025$59.7M+41%-$734.2M-$284.6M
Q1 2026$34.8M-29%-$114.3M-$462.5M
Q2 2026$24.8M-43%-$267.5M-$653.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024-23.6%-379.2%-359.9%-12.9%-11.2%
Q4 2024+17.3%+40.5%+41.5%+2.6%+2.0%
Q1 2025+40.4%-77.8%-79.6%-5.3%-4.3%
Q2 2025+28.9%-103.9%-105.1%-6.1%-4.5%
Q3 2025+42.6%-52.5%-4.6%-0.4%-0.1%
Q4 2025+1.2%-383.4%-1,229.6%-91.1%-17.1%
Q1 2026-105.9%-139.6%-328.1%-16.0%-1.8%
Q2 2026-131.1%-292.5%-1,077.1%-47.6%-3.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$25.3M$23.2M-$2.2M2.57
Q4 2024$5.6M$56.4M$50.8M1.28
Q1 2025$23.2M$58.4M$35.2M1.11
Q2 2025$62.7M$189.3M$126.6M4.18
Q3 2025$1.2B$1B-$163.5M2.49
Q4 2025$628.3M$2.8B$2.1B3.79
Q1 2026$3.7B$4.7B$1B3.13
Q2 2026$4B$5.6B$1.6B3.00
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.3B$1.3B53.4-3.7
Q4 2024$1.6B$1.7B38.321.4
Q1 2025$829.2M$864.4M16.9-5.2
Q2 2025$1.8B$1.9B41.2-10.0
Q3 2025$4.7B$4.6B66.1-374.7
Q4 2025$5.6B$7.8B94.3-1.9
Q1 2026$6B$7.1B173.1-13.3
Q2 2026$10B$11.6B403.8-9.4

Refreshed 6h ago

Charts: revenue, profit, cash flow & valuation
Revenue$24.8MQ2 2026
$17.9M$35.9M$53.8M$71.7MQ3 2023: $30.3MQ4 2023: $43.4MQ1 2024: $48.1MQ2 2024: $36.8MQ3 2024: $24.1MQ4 2024: $42.2MQ1 2025: $49MQ2 2025: $43.6MQ3 2025: $71.7MQ4 2025: $59.7MQ1 2026: $34.8MQ2 2026: $24.8MQ3 2023Q2 2026
Net income-$267.5MQ2 2026
-$540.7M-$347.2M-$153.6M$39.9MQ3 2023: -$18.6MQ4 2023: $11.2MQ1 2024: $39.9MQ2 2024: -$15.3MQ3 2024: -$86.8MQ4 2024: $17.5MQ1 2025: -$39MQ2 2025: -$45.8MQ3 2025: -$3.3MQ4 2025: -$734.2MQ1 2026: -$114.3MQ2 2026: -$267.5MQ3 2023Q2 2026
EBITDA-$180.2MQ2 2026
-$473.6M-$294.6M-$115.6M$63.4MQ3 2023: -$2.6MQ4 2023: $32.6MQ1 2024: $63.4MQ2 2024: $6.2MQ3 2024: -$61.3MQ4 2024: $52.8MQ1 2025: $5.8MQ2 2025: $757KQ3 2025: $57.7MQ4 2025: -$652.6MQ1 2026: -$29MQ2 2026: -$180.2MQ3 2023Q2 2026
Free cash flow-$653.8MQ2 2026
-$487.9M-$322M-$156M$9.9MQ3 2023: $9.9MQ4 2023: -$144.2MQ1 2024: -$39.3MQ2 2024: -$64.9MQ3 2024: -$183MQ4 2024: -$104.2MQ1 2025: -$147.3MQ2 2025: -$87.5MQ3 2025: -$95.2MQ4 2025: -$284.6MQ1 2026: -$462.5MQ2 2026: -$653.8MQ3 2023Q2 2026
EPS-$0.65Q2 2026
-$1.42-$0.9-$0.39$0.13Q3 2023: -$0.07Q4 2023: $0.04Q1 2024: $0.13Q2 2024: -$0.05Q3 2024: -$0.26Q4 2024: $0.05Q1 2025: -$0.11Q2 2025: -$0.12Q3 2025: -$0.01Q4 2025: -$1.93Q1 2026: -$0.28Q2 2026: -$0.65Q3 2023Q2 2026
Cash / Debt$4BQ2 2026
$1.4B$2.8B$4.2B$5.6BQ3 2023 · Cash: $3.3MQ3 2023 · Debt: $25.3MQ4 2023 · Cash: $86.1MQ4 2023 · Debt: $22MQ1 2024 · Cash: $88.7MQ1 2024 · Debt: $20.9MQ2 2024 · Cash: $122.6MQ2 2024 · Debt: $23.3MQ3 2024 · Cash: $25.3MQ3 2024 · Debt: $23.2MQ4 2024 · Cash: $5.6MQ4 2024 · Debt: $56.4MQ1 2025 · Cash: $23.2MQ1 2025 · Debt: $58.4MQ2 2025 · Cash: $62.7MQ2 2025 · Debt: $189.3MQ3 2025 · Cash: $1.2BQ3 2025 · Debt: $1BQ4 2025 · Cash: $628.3MQ4 2025 · Debt: $2.8BQ1 2026 · Cash: $3.7BQ1 2026 · Debt: $4.7BQ2 2026 · Cash: $4BQ2 2026 · Debt: $5.6BQ3 2023Q2 2026
CashDebt
Profitability-131.1%Q2 2026
-897.9%-566.2%-234.5%+97.2%Q3 2023 · Gross margin: +0.7%Q4 2023 · Gross margin: +69.4%Q1 2024 · Gross margin: +42.1%Q2 2024 · Gross margin: +17.0%Q3 2024 · Gross margin: -23.6%Q4 2024 · Gross margin: +17.3%Q1 2025 · Gross margin: +40.4%Q2 2025 · Gross margin: +28.9%Q3 2025 · Gross margin: +42.6%Q4 2025 · Gross margin: +1.2%Q1 2026 · Gross margin: -105.9%Q2 2026 · Gross margin: -131.1%Q3 2023 · Operating margin: -63.0%Q4 2023 · Operating margin: +36.5%Q1 2024 · Operating margin: +97.2%Q2 2024 · Operating margin: -43.9%Q3 2024 · Operating margin: -379.2%Q4 2024 · Operating margin: +40.5%Q1 2025 · Operating margin: -77.8%Q2 2025 · Operating margin: -103.9%Q3 2025 · Operating margin: -52.5%Q4 2025 · Operating margin: -383.4%Q1 2026 · Operating margin: -139.6%Q2 2026 · Operating margin: -292.5%Q3 2023 · Net margin: -61.4%Q4 2023 · Net margin: +25.9%Q1 2024 · Net margin: +82.9%Q2 2024 · Net margin: -41.5%Q3 2024 · Net margin: -359.9%Q4 2024 · Net margin: +41.5%Q1 2025 · Net margin: -79.6%Q2 2025 · Net margin: -105.1%Q3 2025 · Net margin: -4.6%Q4 2025 · Net margin: -1,229.6%Q1 2026 · Net margin: -328.1%Q2 2026 · Net margin: -1,077.1%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-43.0%Q2 2026
+17.1%+77.3%+137.4%+197.5%Q2 2024: +17.9%Q3 2024: -20.5%Q4 2024: -2.8%Q1 2025: +1.7%Q2 2025: +18.4%Q3 2025: +197.5%Q4 2025: +41.4%Q1 2026: -28.8%Q2 2026: -43.0%Q3 2023Q2 2026
Shares outstanding409.4MQ2 2026
102.3M204.7M307M409.4MQ3 2023: 251.8MQ4 2023: 291MQ1 2024: 304.4MQ2 2024: 314.4MQ3 2024: 332.7MQ4 2024: 364.4MQ1 2025: 360.5MQ2 2025: 375.1MQ3 2025: 376.4MQ4 2025: 381.6MQ1 2026: 405.1MQ2 2026: 409.4MQ3 2023Q2 2026
Valuation-9.4Q2 2026
-180.114.6209.2403.8Q3 2023 · P/E: -8.3Q4 2023 · P/E: 26.7Q1 2024 · P/E: 9.4Q2 2024 · P/E: -24.3Q3 2024 · P/E: -3.7Q4 2024 · P/E: 21.4Q1 2025 · P/E: -5.2Q2 2025 · P/E: -10.0Q3 2025 · P/E: -374.7Q4 2025 · P/E: -1.9Q1 2026 · P/E: -13.3Q2 2026 · P/E: -9.4Q3 2023 · P/S: 19.4Q4 2023 · P/S: 27.7Q1 2024 · P/S: 30.1Q2 2024 · P/S: 40.3Q3 2024 · P/S: 53.4Q4 2024 · P/S: 38.3Q1 2025 · P/S: 16.9Q2 2025 · P/S: 41.2Q3 2025 · P/S: 66.1Q4 2025 · P/S: 94.3Q1 2026 · P/S: 173.1Q2 2026 · P/S: 403.8Q3 2023Q2 2026
P/EP/S
Revenue$223.9M2025
$56M$112M$168M$223.9M2020: $02021: $02022: $3M2023: $126.8M2024: $151.3M2025: $223.9M20202025
Net income-$822.2M2025
-$616.4M-$410.6M-$204.7M$1.1M2020: $1.1M2021: -$72.2M2022: -$39.1M2023: -$25.8M2024: -$44.6M2025: -$822.2M20202025
EBITDA-$588.4M2025
-$426M-$263.6M-$101.3M$61.1M2020: $1.1M2021: -$72.1M2022: -$31.9M2023: $39.7M2024: $61.1M2025: -$588.4M20202025
Free cash flow-$695.9M2025
-$521.9M-$347.9M-$174M2020: -$321.6K2021: -$151.6M2022: -$248.8M2023: -$149.3M2024: -$227M2025: -$695.9M20202025
EPS-$2.152025
-$1.61-$1.07-$0.53$0.012020: $0.012021: -$0.332022: -$0.162023: -$0.12024: -$0.142025: -$2.1520202025
Cash / Debt$628.3M2025
$691.8M$1.4B$2.1B$2.8B2020 · Cash: $02020 · Debt: $02021 · Cash: $209.8M2021 · Debt: $02022 · Cash: $11.9M2022 · Debt: $20.7M2023 · Cash: $86.1M2023 · Debt: $22M2024 · Cash: $5.6M2024 · Debt: $56.4M2025 · Cash: $628.3M2025 · Debt: $2.8B20202025
CashDebt
Profitability+28.4%2025
-945.6%-605.3%-264.9%+75.4%2020 · Gross margin: 0.0%2021 · Gross margin: 0.0%2022 · Gross margin: +75.4%2023 · Gross margin: +60.3%2024 · Gross margin: +18.6%2025 · Gross margin: +28.4%2020 · Operating margin: 0.0%2021 · Operating margin: 0.0%2022 · Operating margin: -1,232.2%2023 · Operating margin: -15.9%2024 · Operating margin: -28.9%2025 · Operating margin: -150.7%2020 · Net margin: 0.0%2021 · Net margin: 0.0%2022 · Net margin: -1,285.9%2023 · Net margin: -20.3%2024 · Net margin: -29.5%2025 · Net margin: -367.2%20202025
Gross marginOperating marginNet margin
Revenue growth+48.0%2025
+1,019.1%+2,038.3%+3,057.4%+4,076.6%2023: +4,076.6%2024: +19.3%2025: +48.0%20202025
Shares outstanding381.6M2025
95.4M190.8M286.2M381.6M2020: 214.8M2021: 218M2022: 248.2M2023: 252.4M2024: 323.1M2025: 381.6M20202025
Valuation-6.92025
217.8476.8735.9995.02020 · P/E: 995.02021 · P/E: -14.02022 · P/E: -3.52023 · P/E: -41.32024 · P/E: -33.12025 · P/E: -6.92020 · P/S: 0.02021 · P/S: 0.02022 · P/S: 45.82023 · P/S: 8.22024 · P/S: 9.92025 · P/S: 25.220202025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-02
Revenue est. $38.1M · Updated 6h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-1.30$212.3M-5%8
FY 2027-0.29$803.7M+259%6
FY 20280.06$1B+360%3
FY 20290.37$1.8B+684%1
FY 20301.39$4.1B+1,717%1
Q1 2027-0.02$181.3M+420%1

Company events

6
2026-11-02EarningsActual - / Estimate -0.24-
2026-08-04EarningsActual -0.65 / Estimate -0.25Miss
2026-05-05EarningsActual -0.28 / Estimate -0.27Miss
2026-02-24EarningsActual -1.92 / Estimate -0.12Miss
2025-11-03EarningsActual -0.01 / Estimate -0.08Beat
2025-08-07EarningsActual -0.12 / Estimate -0.12In line

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 18, 2026, 06:16 AM UTC

Company profile

Sector
Technology
Industry
Information Technology Services
Chief executive
Rodney Tyler Page
Employees
66
IPO date
Oct 20, 2020
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei0.32
Piotroski scorei1/9
FMP ratingiD+
Owner earningsi-$720.29M-$1.76 per share
ESG risk ratingiBIndustry rank: 76 out of 100

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
$7.09B-33.6%Jun 26 – Sep 26
$6.29B$8.84B$11.40BHigh: $11.40B · 2026-06-22Low: $6.29B · 2026-08-24Latest: $7.09B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $7.09B · 2026-09-17High: $11.40B · 2026-06-22Low: $6.29B · 2026-08-24
Largest fund holders
FundWeightShares held
VTI0.01%12.4M
IWM0.17%9M
VB0.07%8.9M
NJM0.25%7.6M
VGT0.05%5.5M
FSSNX0.26%5.4M
VBK0.17%5.1M
VXF0.06%3.5M
IWO0.34%3.2M
NAJ0.53%2.8M
BLOK3.84%2.4M
WGMI12.68%2.2M

Analyst track record

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

12 months3 years
Ratings83186
Analysts2327
Buy / hold / sell79 / 4 / 0177 / 9 / 0
Upgrades / downgrades / initiations1 / 0 / 92 / 2 / 18
Price targets hit / missed1 / 80 (1%)93 / 86 (52%)
Avg. return after a rating (TipRanks)-42.2%+41.4%
Best / worst call+28.8% / -71.4%+286.5% / -71.4%

After buy calls on this stock: median 21-day move +2.9% vs S&P 500 +2.7% (n = 167)

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. Mike ColonneseH.C. Wainwright100% hit rate on this stock · 13 targets measuredBuytarget $30.00Sep 29, 2026
  2. Joseph VafiCanaccord Genuity100% hit rate on this stock · 11 targets measuredBuytarget $27.00Aug 5, 2026
  3. John TodaroNeedham94% hit rate on this stock · 16 targets measuredBuytarget $25.00Sep 16, 2026

Latest ratings

DateAnalystCallTarget
Sep 29, 2026Mike ColonneseH.C. WainwrightBuyReiterated$30.00
Sep 29, 2026Mike ColonneseH.C. WainwrightBuyReiterated$30.00
Sep 28, 2026Chris BrendlerRosenblatt SecuritiesBuyReiterated$30.00
Sep 25, 2026Chris BrendlerRosenblatt SecuritiesBuyReiterated$30.00
Sep 25, 2026Mike ColonneseH.C. WainwrightBuyReiterated$30.00
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$30.00Nov 25 · Buy 15 · Hold 2 · Sell 0Nov 25Dec 25 · Buy 14 · Hold 2 · Sell 0Jan 26 · Buy 15 · Hold 1 · Sell 0Jan 26Feb 26 · Buy 15 · Hold 1 · Sell 0Mar 26 · Buy 12 · Hold 1 · Sell 0Mar 26Apr 26 · Buy 13 · Hold 0 · Sell 0May 26 · Buy 12 · Hold 0 · Sell 0May 26Jun 26 · Buy 12 · Hold 0 · Sell 0Jul 26 · Buy 13 · Hold 0 · Sell 0Jul 26Aug 26 · Buy 14 · Hold 0 · Sell 0Sep 26 · Buy 16 · Hold 2 · Sell 0Sep 26Oct 26 · Buy 16 · Hold 2 · Sell 0Nov 25 · avg. target $22.35Dec 25 · avg. target $23.30Jan 26 · avg. target $23.22Feb 26 · avg. target $23.43Mar 26 · avg. target $25.73Apr 26 · avg. target $26.46May 26 · avg. target $28.21Jun 26 · avg. target $29.88Jul 26 · avg. target $30.31Aug 26 · avg. target $30.18Sep 26 · avg. target $28.94Oct 26 · avg. target $28.94Nov 25 · month-end close $20.35Dec 25 · month-end close $14.76Jan 26 · month-end close $15.96Feb 26 · month-end close $15.60Mar 26 · month-end close $12.87Apr 26 · month-end close $17.74May 26 · month-end close $23.65Jun 26 · month-end close $24.50Jul 26 · month-end close $22.32Aug 26 · month-end close $15.50Sep 26 · month-end close $15.83Oct 26 · month-end close $15.71

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

TipRanks data via FMP · computed Oct 2, 2026 · 83 ratings

Frequently asked questions

Where can I trade CIFR perpetual futures?

Cipher Mining Inc. (CIFR) perpetual futures trade on 6 crypto venues, including BingX, HTX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade CIFR around the clock?

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

What is the funding rate on CIFR perpetuals?

Right now the CIFR perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +240.4% across 6 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the CIFR perp price compare to the Cipher Mining Inc. stock?

The venue-median CIFR perp mark is $16 versus a reference stock price of $15.9, a basis of +0.2%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a CIFR perpetual future?

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

What is CIFRUSDT perpetual?

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

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