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DraftKings Inc. (DKNG) perpetual futures
DKNG perpetual futures on 18 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DKNGUSDT.
DraftKings Inc. is a digital sports entertainment and gaming company offering sports betting, iGaming, daily fantasy sports, and a digital collectibles marketplace.
$21.20-3.9%NASDAQ closed
Price chart
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Collecting venue price data...
venue perp mark · BingX (DKNG-USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
18/19 live markets
Trading data
Perpetual market activity
Venues
19
Live markets
18/19
24h volume
$2.4MCoverage: 16/18 marketsExchange-reported volume: $4.8M
Open interest
$30.6MCoverage: 14/18 markets
Best liquidity
$422.9K
Bitget
Tightest spread
+0.5 bps
Bitget
Highest volume
$561.2K
Binance
Settlement mix
USDT · 15/19
Perp/spot vol.
0.01x
Spot volume $339.4M
OI / float
+0.30%
Float $10.1B
Spot performance
1D-3.91%
5D-3.25%
1M-16.23%
6M+2.12%
YTD-38.60%
1Y-49.99%
Venue matrix
19 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +9.4 bps | $48.5K | $561.2K | $203.5K | USDT | - | |
 Deepcoin | Trade | DKNG/USDT | Trading | $21.20 | +11.0% APR +0.010% every 8h | +9.4 bps | $56K | $414.6K | - | USDT | 25x | |
 XT.com | Trade | DKNG/USDT | Trading | $21.18 | +11.0% APR +0.010% every 8h | +9.4 bps | $44.4K | $339.3K | $28.8M | USDT | 20x | |
 LBank | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +9.4 bps | $80.6K | $299.7K | - | USDT | 50x | |
 Hyperliquid HIP-3 | Trade | xyz:DKNG | Trading | $21.19 | +5.5% APR +0.00063% every 1h | +15.1 bps | $146.2K | $293K | $917.1K | USDC | 10x | |
 Bitget | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +0.5 bps | $422.9K | $141.4K | $50.3K | USDT | 20x | |
 MEXC | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +9.4 bps | $81.9K | $97.8K | $197.3K | USDT | 50x | |
 Bitunix | Trade | DKNG/USDT | Trading | $21.20 | +2.6% APR +0.00237% every 8h | +9.4 bps | $204.2K | $85.3K | - | USDT | 20x | |
 OKX | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +18.9 bps | $15.3K | $66.5K | $104.9K | USDT | 10x | |
 Bybit | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +18.9 bps | $12.1K | $33.4K | $61.7K | USDT | 25x | |
 Helix (Injective) | Trade | DKNG/USDC | Trading | $21.21 | +3.6% APR +0.00042% every 1h | - | - | $20.6K | - | USDC | 12x | |
 Gate.io | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +45.3 bps | $29K | $11.3K | $78.3K | USDT | 20x | |
 HTX | Trade | DKNG/USDT | Trading | $21.20 | 0.0% APR 0.000% every 8h | +47.2 bps | $24.1K | $4.1K | $5.6K | USDT | - | |
 BloFin | Trade | DKNG/USDT | Trading | $21.19 | +2.9% APR +0.00262% every 8h | +9.4 bps | $115.3K | $3K | $49.6K | USDT | 20x | |
 Crypto.com Exchange | Trade | DKNG/USD | Trading | $21.16 | +103.3% APR +0.012% every 1h | +84.9 bps | $2.8K | $1.7K | $670.8 | USD | 50x | |
 Aster | Trade | DKNGUSDT | Trading | $21.19 | 0.0% APR 0.000% every 8h | +117.9 bps | $10K | $362.5 | $972.7 | USDT | - | |
 Ondo Perps | Trade | DKNG/USD | Watchlist | - | - | - | - | - | - | USDC | 5x | |
 BingX | Trade | DKNG-USDT | Trading | $21.20 | +5.5% APR +0.00500% every 8h | +33.0 bps | $47K | $1.2M⚠ | $1.9K | USDT | - | |
 KuCoin | Trade | DKNG/USDT | Trading | $21.16 | -35.3% APR -0.032% every 8h | +14.2 bps | $3.9K | $1.2M⚠ | $88K | USDT | 20x |
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
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 14 of 18 venues absorb $10k · Typical cost: +23.4 bps – +61.8 bps
Cheapest execution: Bitget · +9.1 bps
Too thin: KuCoin, Crypto.com Exchange
No fresh book data: Aster, Helix (Injective)
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
DKNGTightest spread
DKNGHighest volume
DKNGFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 6h ago
Company data
Company fundamentals
Market cap
$10.5B
Updated 6h ago
Revenue
$6.2B
Trailing 12 months
Revenue growth
+11%
Next fiscal year
Profit margin
-2.7%
P/E
-62.8
Peer P/E 8.4
Free cash flow
$615.8M
Trailing 12 months
More metrics
Net income
-$166.9M
Trailing 12 months
P/S
1.7
Peer P/E
8.4
Similar listed perps
Revenue estimate
$6.7B
Next fiscal year
Earnings
2026-11-05
Revenue est. $1.4B · Updated 6h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$6.1B
Net margin+0.1%
Free cash flow$647.5M
Net debt$329.6M
PeriodRevenueGrowthNet incomeFCF
2020$614.5M+90%-$1.2B-$385.6M
2021$1.3B+111%-$1.5B-$517.8M
2022$2.2B+73%-$1.4B-$729.2M
2023$3.7B+64%-$802.1M-$115.1M
2024$4.8B+30%-$507.3M$407.6M
2025$6.1B+27%$3.7M$647.5M
PeriodGross marginOperating marginNet marginROEROA
2020+43.6%-137.2%-200.5%-46.8%-35.8%
2021+38.7%-120.5%-117.5%-90.7%-37.4%
2022+33.8%-67.5%-61.5%-104.2%-34.1%
2023+37.5%-21.5%-21.9%-95.5%-20.3%
2024+38.1%-12.8%-10.6%-50.2%-11.8%
2025+41.3%-0.3%+0.1%+0.6%+0.1%
PeriodCashDebtNet debtCurrent ratio
2020$1.8B$81.6M-$1.7B3.96
2021$2.2B$1.3B-$834.3M2.96
2022$1.3B$1.3B$15.5M1.67
2023$1.3B$1.3B$75.6M1.34
2024$788.3M$1.3B$546.8M0.93
2025$1.6B$1.9B$329.6M1.03
PeriodMarket capEnterprise valueP/SP/E
2020$14.2B$12.5B23.2-11.6
2021$11.1B$10.2B8.5-7.2
2022$5B$5B2.2-3.6
2023$16.3B$16.4B4.4-20.4
2024$17.9B$18.5B3.8-35.4
2025$12.8B$13.1B2.1-3,446.0
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.1B+39%-$293.7M$101.8M
Q4 2024$1.4B+13%-$134.9M$323.2M
Q1 2025$1.4B+20%-$33.9M-$121.7M
Q2 2025$1.5B+37%$157.9M$169.6M
Q3 2025$1.1B+4%-$256.8M$247.9M
Q4 2025$2B+43%$136.4M$316.5M
Q1 2026$1.6B+17%$21.1M-$55.5M
Q2 2026$1.4B-5%-$67.6M$106.9M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+32.2%-27.3%-26.8%-27.3%-6.9%
Q4 2024+40.1%-10.0%-9.7%-13.3%-3.1%
Q1 2025+40.1%-3.3%-2.4%-3.9%-0.7%
Q2 2025+43.5%+10.0%+10.4%+15.6%+3.5%
Q3 2025+31.5%-23.8%-22.4%-35.1%-5.6%
Q4 2025+46.0%+7.6%+6.9%+21.6%+3.0%
Q1 2026+42.3%+0.4%+1.3%+3.5%+0.5%
Q2 2026+38.2%-4.7%-4.7%-11.9%-1.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$877.8M$1.3B$465M1.00
Q4 2024$788.3M$1.3B$546.8M0.93
Q1 2025$1.1B$1.9B$799.2M1.20
Q2 2025$1.3B$1.9B$648M1.34
Q3 2025$1.2B$1.9B$678.3M1.09
Q4 2025$1.6B$1.9B$329.6M1.03
Q1 2026$999.4M$1.9B$918.4M1.02
Q2 2026$983.9M$1.9B$932.1M1.02
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$19.1B$19.5B17.4-16.3
Q4 2024$18.2B$18.7B13.0-33.2
Q1 2025$16.4B$17.2B11.6-121.0
Q2 2025$21.3B$21.9B14.133.5
Q3 2025$18.6B$19.2B16.2-18.0
Q4 2025$16.8B$17.1B8.430.8
Q1 2026$10.5B$11.5B6.4125.1
Q2 2026$12.5B$13.5B8.7-45.1
Refreshed 6h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-05
Revenue est. $1.4B · Updated 6h ago
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
NASDAQ
After-hours reference
Bid21.17
Ask21.25
Volume6,829
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.12$6.7B+11%12
FY 20270.87$7.6B+25%13
FY 20281.59$8.5B+40%16
FY 20292.38$9.7B+60%13
FY 20303.26$10.5B+74%13
Q1 20270.17$1.8B+12%2
Company events
62026-11-05EarningsActual - / Estimate -0.34-
2026-08-06Earnings · After market closeActual -0.14 / Estimate 0.02Miss
2026-05-07EarningsActual 0.2 / Estimate 0.22Miss
2026-02-12EarningsActual 0.36 / Estimate 0.36In line
2025-11-06EarningsActual -0.52 / Estimate -0.43Miss
2025-08-07EarningsActual 0.38 / Estimate 0.15Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
DKNG-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 18, 2026, 05:36 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- Chief executive
- Jason D. Robins
- Employees
- 5,500
- IPO date
- Jul 25, 2019
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei1.12
Piotroski scorei5/9
FMP ratingiC
Owner earningsi$104.11M$0.21 per share
ESG risk ratingiBIndustry rank: 37 out of 41
Rating factors
- Return on equityi
- 1
- Return on assetsi
- 1
- Debt to equityi
- 1
- Price to earningsi
- 1
- Price to booki
- 1
Company press releases
TRWD Develops Licensing-Led Expansion Strategy to Complement Acquisition Model and Expand Beyond 100+ Venue GoalBusiness WireDraftKings Enhances Responsible Engagement Efforts With New Customer Initiatives, Tools and EducationBusiness WireDraftKings Extends Agreement with IC360 to Enhance Integrity Monitoring and Combat Athlete Harassment Across Sportsbook and Prediction Market PlatformsGlobeNewsWireDraftKings Celebrates Customers on “DraftKings Gameday” with Free Gas, Exclusive Offers and MoreBusiness WireDraftKings Announces Closing of $700 Million Upsized Term Loan B Facility and $750 Million Revolving Credit FacilityBusiness WireDraftKings Announces Launch of $600 Million Term Loan B Facility and Upsized $750 Million Revolving Credit FacilityBusiness Wire
Congressional disclosures
House
Chuck FleischmannSale (Full) · $1,001 - $15,000Disclosed: May 9, 2023Charles J. "Chuck" FleischmannSale (Full) · $1,001 - $15,000Disclosed: May 9, 2023Chuck FleischmannPurchase · $1,001 - $15,000Disclosed: Feb 11, 2022Charles J. "Chuck" FleischmannPurchase · $1,001 - $15,000Disclosed: Feb 11, 2022Chuck FleischmannSale (Full) · $1,001 - $15,000Disclosed: Dec 16, 2021
Market cap history
$11.65B-9.2%Jun 26 – Sep 26
Latest: $11.65B · 2026-09-17High: $12.89B · 2026-07-13Low: $11.45B · 2026-08-03
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.02% | 15M |
| VB | 0.14% | 10.8M |
| VBK | 0.33% | 6.3M |
| VXF | 0.14% | 5.7M |
| VWUAX | 0.23% | 4.4M |
| NIW | 0.39% | 3.2M |
| IWP | 0.33% | 2.7M |
| FSMAX | 0.14% | 2.3M |
| IWR | 0.08% | 2M |
| NBF | 0.04% | 1.9M |
| NIZ | 0.09% | 1.9M |
| FSMDX | 0.08% | 1.8M |
Analyst track record
How the analysts covering DKNG have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 290 | 781 |
| Analysts | 40 | 51 |
| Buy / hold / sell | 252 / 34 / 4 | 712 / 64 / 5 |
| Upgrades / downgrades / initiations | 3 / 6 / 4 | 15 / 9 / 9 |
| Price targets hit / missed | 0 / 265 (0%) | 0 / 719 (0%) |
| Avg. return after a rating (TipRanks) | -42.6% | -51.7% |
| Best / worst call | -11.4% / -67.3% | -11.4% / -68.7% |
After buy calls on this stock: median 21-day move +0.4% vs S&P 500 -1.9% (n = 705)
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.
- John StaszakArgus Research75% hit rate on this stock · 8 targets measuredHoldno targetMar 17, 2026
- Chad BeynonMacquarie75% hit rate on this stock · 8 targets measuredBuytarget $40.00Feb 17, 2026
- Stephen GramblingMorgan Stanley73% hit rate on this stock · 30 targets measuredBuytarget $36.00Aug 12, 2026
Latest ratings
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 25, 2026 · 290 ratings
Frequently asked questions
Where can I trade DKNG perpetual futures?
DraftKings Inc. (DKNG) perpetual futures trade on 18 crypto venues, including BingX, KuCoin, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade DKNG around the clock?
Yes. Unlike the underlying stock, DKNG perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on DKNG perpetuals?
Right now the DKNG perp funding rate is 0.0% annualized (venue median), ranging from -35.3% to +103.3% across 18 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the DKNG perp price compare to the DraftKings Inc. stock?
The venue-median DKNG perp mark is $21.2 versus a reference stock price of $21.2, 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 DKNG perpetual future?
A DKNG perpetual is a derivative that tracks the price of DraftKings Inc. with no expiry date. It lets you take long or short exposure to DraftKings Inc. on crypto venues, around the clock.
What is DKNGUSDT perpetual?
DKNGUSDT is the symbol most crypto exchanges use for the DraftKings Inc. perpetual settled in USDT (Tether). It tracks the DKNG share price through an index, trades 24/7 with leverage and never expires.
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