PerpEquities

Equity · Consumer cyclical

Coupang, Inc. (CPNG) perpetual futures

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

Coupang operates mobile app and website retail businesses in South Korea and internationally through Product Commerce and Developing Offerings segments.

$16.35-0.8%NYSE closed
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Collecting venue price data...
venue perp mark · Bitget (CPNG/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
$5.2K
Open interest
$171.3K
Best liquidity
$7.9K
Gate.io
Tightest spread
+1.8 bps
Bitget
Highest volume
$2.8K
Bitget
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $249.6M
OI / float
0.00%
Float $21.9B
Spot performance
1D-0.79%
5D+10.97%
1M+9.99%
6M-5.40%
YTD-30.95%
1Y-43.59%

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
BitgetTradeCPNG/USDTTrading$16.350.0% APR
0.000% every 8h
+1.8 bps-$2.8K$91KUSDT20x
Gate.ioTradeCPNG/USDTTrading$16.350.0% APR
0.000% every 8h
+126.4 bps$7.9K$2.4K$80.4KUSDT20x

Tradability

Execution quality

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

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

No fresh book data: Gate.io, Bitget

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

Best venues for this underlying

Best liquidity

CPNG

Tightest spread

CPNG

Highest volume

CPNG

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-03 · next report 2027-02-25 · Updated 3h ago
All financials →

Valuation & key figures

Market cap
$29.2B
Updated 3h ago
Revenue
$36.2B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
-3.8%
P/E
-21.3
Peer P/E 13.6
P/S
0.8
Peer P/E
13.6
Similar listed perps
Free cash flow
-$412M
Trailing 12 months
Net income
-$1.4B
Trailing 12 months
Revenue estimate
$37.5B
Next fiscal year
Earnings
2027-02-25
Revenue est. $10.3B · Updated 3h ago
Dividend
-
Revenue (TTM)$36.2B+7.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-3.4%-5.7 pp vs a year agoOperating income -$1.24B
Net income (TTM)-$1.36B-449.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$412M-132.4% vs a year agoCapex $1.26B
Diluted EPS (TTM)-$0.76-460.3% vs a year agoSum of the last 4 quarters
Net cash$387M-83.0% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-03): revenue beat by 2.1%, EPS missed by 90.3%Revenue $9.96B vs $9.76B expected (+2.1%); EPS -$0.18 vs -$0.09 (-90.3%).
  • Revenue growth slowing: 7.5% year on yearQ3 '26 revenue $9.96B, against an average of 10.0% over the four quarters before.
  • Operating margin -3.4% (TTM), -5.7 pp on a year agoOperating income grew -259.6% while revenue grew 7.4%.
  • Capex 3.5% of revenue (a year ago 3.3%)$1.26B invested in the last 4 quarters (+13.0% on a year earlier). Free cash flow -$412M.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Product$7.63B+7.7%76.6%
Third-Party Merchant Services$2.03B+7.2%20.4%
Service, Other$306M+4.4%3.1%
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 · all 247 lines Coupang, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-25
Revenue est. $10.3B · Updated 3h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.73$37.5B+9%3
FY 20270.27$43.7B+27%8
FY 20280.68$49.3B+43%13
FY 20290.41$49.8B+44%10
Q1 20270.04$10B+18%1
Q2 20270.10$10.6B+20%1

Company events

6
2027-02-25EarningsActual - / Estimate 0.03-
2026-11-03Earnings · After market closeActual -0.18 / Estimate -0.09Miss
2026-08-04EarningsActual -0.32 / Estimate -0.27Miss
2026-05-05EarningsActual -0.15 / Estimate -0.09Miss
2026-02-26EarningsActual -0.01 / Estimate 0.03Miss
2025-11-04EarningsActual 0.05 / Estimate 0.04Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 06:01 PM UTC

Company profile

Sector
Consumer Cyclical
Industry
Specialty Retail
Chief executive
Bom Kim
Employees
108,000
IPO date
Mar 11, 2021
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei2.53
Piotroski scorei5/9
Overall ratingiD+
Owner earningsi$106.48M$0.06 per share
ESG risk ratingiB-Industry rank: 88 out of 107

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
$26.85B-9.1%Aug 26 – Nov 26
$24.74B$27.16B$29.58BHigh: $29.58B · 2026-08-24Low: $24.74B · 2026-09-28Latest: $26.85B · 2026-11-02Aug 26Sep 26Oct 26Nov 26
Latest: $26.85B · 2026-11-02High: $29.58B · 2026-08-24Low: $24.74B · 2026-09-28
Largest fund holders
FundWeightShares held
VWIGX0.7%21.4M
VXF0.22%15.1M
NIW0.7%8.7M
IWP1*.MX0.54%7M
IWP1.MX0.53%7M
IWP0.55%7M
FSMAX0.23%5.9M
IWR.MX0.13%5.3M
IWR*.MX0.14%5.2M
NBF0.07%5.2M
NIZ0.15%5.2M
VVORX0.74%5.1M

Analyst track record

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

12 months3 years
Ratings60149
Analysts1420
Buy / hold / sell42 / 10 / 8116 / 23 / 10
Upgrades / downgrades / initiations3 / 3 / 29 / 5 / 5
Price targets hit / missed8 / 52 (13%)10 / 135 (7%)
Avg. return after a rating (TipRanks)-27.7%-33.6%
Best / worst call+42.8% / -57.2%+47.7% / -57.2%

After buy calls on this stock: median 21-day move -1.8% vs S&P 500 -2.7% (n = 114)

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. Seyon ParkMorgan Stanley86% hit rate on this stock · 14 targets measuredBuytarget $28.00Aug 5, 2026
  2. Stanley YangJ.P. Morgan67% hit rate on this stock · 9 targets measuredBuytarget $24.00Aug 6, 2026
  3. Ahyung ChoBank of America Securities50% hit rate on this stock · 18 targets measuredBuytarget $23.00Nov 4, 2026

Latest ratings

DateAnalystCallTarget
Nov 5, 2026Jiong ShaoBarclaysBuyMaintained$32.00
Nov 4, 2026Min-Joo KangBernsteinSellMaintained$11.00
Nov 4, 2026Ahyung ChoBank of America SecuritiesBuyMaintained$23.00
Nov 4, 2026James LeeMizuho SecuritiesHoldMaintained$21.00
Nov 4, 2026Paul HwangCitiBuyUpgraded$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$15.00$20.00$25.00$30.00$35.00Dec 25 · Buy 8 · Hold 2 · Sell 0Dec 25Jan 26 · Buy 8 · Hold 2 · Sell 0Feb 26 · Buy 9 · Hold 2 · Sell 1Feb 26Mar 26 · Buy 8 · Hold 2 · Sell 1Apr 26 · Buy 8 · Hold 2 · Sell 1Apr 26May 26 · Buy 6 · Hold 4 · Sell 1Jun 26 · Buy 7 · Hold 4 · Sell 1Jun 26Jul 26 · Buy 8 · Hold 4 · Sell 1Aug 26 · Buy 9 · Hold 3 · Sell 1Aug 26Sep 26 · Buy 9 · Hold 3 · Sell 1Oct 26 · Buy 9 · Hold 3 · Sell 1Oct 26Nov 26 · Buy 9 · Hold 3 · Sell 1Dec 25 · avg. target $35.33Jan 26 · avg. target $33.67Feb 26 · avg. target $26.58Mar 26 · avg. target $25.18Apr 26 · avg. target $25.73May 26 · avg. target $25.38Jun 26 · avg. target $24.68Jul 26 · avg. target $25.25Aug 26 · avg. target $24.44Sep 26 · avg. target $24.44Oct 26 · avg. target $24.44Nov 26 · avg. target $24.44Dec 25 · month-end close $23.59Jan 26 · month-end close $20.16Feb 26 · month-end close $19.08Mar 26 · month-end close $18.88Apr 26 · month-end close $19.98May 26 · month-end close $16.60Jun 26 · month-end close $17.37Jul 26 · month-end close $16.35Aug 26 · month-end close $16.06Sep 26 · month-end close $13.87Oct 26 · month-end close $14.37Nov 26 · month-end close $14.37

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

TipRanks data · computed Nov 5, 2026 · 60 ratings

Frequently asked questions

Where can I trade CPNG perpetual futures?

Coupang, Inc. (CPNG) perpetual futures trade on 2 crypto venues, including Bitget, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade CPNG around the clock?

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

What is the funding rate on CPNG perpetuals?

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

How does the CPNG perp price compare to the Coupang, Inc. stock?

The venue-median CPNG perp mark is $16.3 versus a reference stock price of $16.4, 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 CPNG perpetual future?

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

What is CPNGUSDT perpetual?

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

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