PerpEquities

Equity · Financial services

Futu Holdings Limited (FUTU) perpetual futures

FUTU perpetual futures on 10 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FUTUUSDT.

Futu Holdings Limited is a global digital brokerage and wealth management platform, offering trading, market data, and financial services via Futubull and Moomoo in Hong Kong.

$96.81-5.4%NASDAQ closed
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venue perp mark · XT.com (FUTUON/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

10/10 live markets
Venues
10
Live markets
10/10
24h volume
$8.5MCoverage: 9/10 marketsExchange-reported volume: $10.6M
Open interest
$32.9M
Best liquidity
$665.4K
Bitunix
Tightest spread
+6.2 bps
Bitget
Highest volume
$7.2M
XT.com
Settlement mix
USDT · 10/10
Perp/spot vol.
0.10x
Spot volume $86.4M
OI / float
+0.38%
Float $8.8B
Spot performance
1D-5.44%
5D-2.74%
1M-16.03%
6M-33.97%
YTD-41.85%
1Y-49.15%

Venue matrix

10 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
XT.comTradeFUTUON/USDTTrading$97.360.0% APR
0.000% every 8h
+109.3 bps$11.1K$7.2M$30.9MUSDT20x
BingXTradeFUTU-USDTTrading$97.32+5.5% APR
+0.00500% every 8h
+19.5 bps$9.3K$355.7K$912.6USDT-
BybitTradeFUTU/USDTTrading$97.280.0% APR
0.000% every 8h
+18.5 bps$8K$278.1K$217.7KUSDT25x
BitgetTradeFUTU/USDTTrading$96.82-10.6% APR
-0.00970% every 8h
+6.2 bps$330K$249.7K$346KUSDT20x
LBankTradeFUTU/USDTTrading$96.85-11.0% APR
-0.010% every 8h
+44.4 bps$399.5K$118.8K$51KUSDT50x
MEXCTradeFUTU/USDTTrading$96.89-11.2% APR
-0.010% every 8h
+37.1 bps$637K$106.7K$530KUSDT50x
BitunixTradeFUTU/USDTTrading$96.81-14.8% APR
-0.014% every 8h
+10.3 bps$665.4K$83.2K$25.9KUSDT20x
Gate.ioTradeFUTUON/USDTTrading$97.190.0% APR
0.000% every 8h
+109.3 bps$1.3K$65.6K$714.5KUSDT25x
AsterTradeFUTUUSDTTrading$97.940.0% APR
0.000% every 8h
+400.6 bps$0$51K$1.6KUSDT-
OurbitTradeFUTU/USDTTrading$96.82-11.0% APR
-0.010% every 8h
+6.2 bps-$2.1M⚠$103.4KUSDT50x

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

Adequate liquidity · 6 of 10 venues absorb $10k · Typical cost: +15.6 bps – +90.5 bps

Cheapest execution: Bitunix · +12.3 bps

No fresh book data: XT.com, Gate.io, Ourbit, Aster

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

Best venues for this underlying

Best liquidity

FUTU

Tightest spread

FUTU

Highest volume

FUTU

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-08-20 · next report 2026-11-19 · Updated 21m ago
All financials →

Valuation & key figures

Market cap
$13.4B
Updated 21m ago
Revenue
$3.3B
Trailing 12 months
Revenue growth
+12%
Next fiscal year
Profit margin
+42.9%
P/E
9.4
Peer P/E 9.6
P/S
4.1
Peer P/E
9.6
Similar listed perps
Free cash flow
$0
Trailing 12 months
Net income
$1.4B
Trailing 12 months
Revenue estimate
$3.3B
Next fiscal year
Earnings
2026-11-19
Revenue est. $818.4M · Updated 21m ago
Dividend
$2.6
2026-04-16
Revenue (TTM)HK$25.9B+45.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)63.9%+8.1 pp vs a year agoOperating income HK$16.6B
Net income (TTM)HK$11.1B+40.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)HK$0– vs a year agoCapex HK$0
Diluted EPS (TTM)HK$79.04+40.1% vs a year agoSum of the last 4 quarters
Net cash-HK$3.01B-624.9% vs a year agoCash + short-term investments - debt
  • Revenue growth slowing: 35.7% year on yearQ2 '26 revenue HK$7.21B, against an average of 56.5% over the four quarters before.
  • Operating margin 63.9% (TTM), +8.1 pp on a year agoOperating income grew 66.0% while revenue grew 45.0%.
  • 21.3% of pre-tax profit is eaten by non-operating lossesPre-tax income HK$13.7B vs operating income HK$16.6B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
  • Capex 0.0% of revenue (a year ago 0.0%)HK$0 invested in the last 4 quarters (– on a year earlier). Free cash flow HK$0 = 0.0% of net income.

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
2026-11-19
Revenue est. $818.4M · Updated 21m ago
Dividend
$2.6
2026-04-16

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.11$3.3B+12%7
FY 202712.81$3.6B+22%8
FY 202815.13$4.1B+42%10
Q1 20273.59$815.8M+9%1
Q1 202725.51$782.3M+5%1
Q2 20274.56$845.1M-8%1

Company events

6
2026-11-19Earnings · Before market openActual - / Estimate 3.21-
2026-08-20Earnings · Before market openActual 3.33 / Estimate 2.98Beat
2026-05-28EarningsActual 0.77 / Estimate 2.89Miss
2026-04-16Dividend$2.6-
2026-03-12EarningsActual 3.07 / Estimate 2.88Beat
2025-11-18EarningsActual 2.93 / Estimate 3.06Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Sep 22, 2026, 03:35 PM UTC

Company profile

Sector
Financial Services
Industry
Financial - Capital Markets
Chief executive
Hua Li
Employees
3,540
IPO date
Mar 8, 2019
Country
HK
Exchange
NASDAQ Global Market
Website
Altman Z-scorei1.19
Piotroski scorei5/9
Overall ratingiB+
Owner earningsiHK$48.19MHK$0.04 per share
ESG risk ratingiBIndustry rank: 57 out of 101

Rating factors

Return on equityi
5
Return on assetsi
4
Debt to equityi
2
Price to earningsi
3
Price to booki
1
Market cap history
$15.82B+12.9%Jun 26 – Sep 26
$13.51B$15.23B$16.95BHigh: $16.95B · 2026-08-31Low: $13.51B · 2026-07-13Latest: $15.82B · 2026-09-21Jun 26Jul 26Aug 26Sep 26
Latest: $15.82B · 2026-09-21High: $16.95B · 2026-08-31Low: $13.51B · 2026-07-13
Largest fund holders
FundWeightShares held
IEFA0.02%358K
IEE0.02%199.1K
INH1.49%183.2K
FSPSX0.02%182.7K
EWH1.57%164.7K
EFA0.02%158.4K
IQLT0.1%122.6K
ARKF1.48%107.4K
FENI0.1%105.5K
IWDA.L0.01%102.3K
SPDW0.02%81.4K
CPJ1.L0.22%79.5K

Analyst track record

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

12 months3 years
Ratings37122
Analysts918
Buy / hold / sell32 / 5 / 099 / 22 / 1
Upgrades / downgrades / initiations2 / 1 / 08 / 3 / 3
Price targets hit / missed1 / 36 (3%)38 / 82 (32%)
Avg. return after a rating (TipRanks)-48.0%-18.5%
Best / worst call+8.1% / -68.7%+135.1% / -68.7%

After buy calls on this stock: median 21-day move -3.2% vs S&P 500 -2.3% (n = 105)

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. Emma XuBank of America Securities84% hit rate on this stock · 19 targets measuredBuytarget $180Aug 21, 2026
  2. Katherine LeiJ.P. Morgan75% hit rate on this stock · 12 targets measuredHoldtarget $122Aug 24, 2026

Latest ratings

DateAnalystCallTarget
Aug 24, 2026Katherine LeiJ.P. MorganHoldMaintained$122
Aug 21, 2026Nika MACMB International SecuritiesBuyMaintained$158
Aug 21, 2026Emma XuBank of America SecuritiesBuyReiterated$180
Aug 20, 2026Jiong ShaoBarclaysBuyReiterated$200
Aug 21, 2026Manyi LuDBSBuyMaintained$133
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$100$120$140$160$180$200$220$240Dec 25 · Buy 9 · Hold 1 · Sell 0Dec 25Jan 26 · Buy 9 · Hold 1 · Sell 0Feb 26 · Buy 7 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 8 · Hold 0 · Sell 0Apr 26 · Buy 8 · Hold 0 · Sell 0Apr 26May 26 · Buy 7 · Hold 2 · Sell 0Jun 26 · Buy 7 · Hold 2 · Sell 0Jun 26Jul 26 · Buy 7 · Hold 2 · Sell 0Aug 26 · Buy 7 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 7 · Hold 2 · Sell 0Oct 26 · Buy 7 · Hold 2 · Sell 0Oct 26Nov 26 · Buy 6 · Hold 2 · Sell 0Dec 25 · avg. target $217Jan 26 · avg. target $217Feb 26 · avg. target $236Mar 26 · avg. target $222Apr 26 · avg. target $223May 26 · avg. target $170Jun 26 · avg. target $166Jul 26 · avg. target $166Aug 26 · avg. target $163Sep 26 · avg. target $163Oct 26 · avg. target $163Nov 26 · avg. target $157Dec 25 · month-end close $164Jan 26 · month-end close $163Feb 26 · month-end close $149Mar 26 · month-end close $137Apr 26 · month-end close $155May 26 · month-end close $104Jun 26 · month-end close $93.74Jul 26 · month-end close $105Aug 26 · month-end close $122Sep 26 · month-end close $111Oct 26 · month-end close $98.45Nov 26 · month-end close $98.06

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

TipRanks data · computed Nov 6, 2026 · 37 ratings

Frequently asked questions

Where can I trade FUTU perpetual futures?

Futu Holdings Limited (FUTU) perpetual futures trade on 10 crypto venues, including XT.com, Ourbit, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FUTU around the clock?

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

What is the funding rate on FUTU perpetuals?

Right now the FUTU perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 10 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FUTU perp price compare to the Futu Holdings Limited stock?

The venue-median FUTU perp mark is $97 versus a reference stock price of $96.8, 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 FUTU perpetual future?

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

What is FUTUUSDT perpetual?

FUTUUSDT is the symbol most crypto exchanges use for the Futu Holdings Limited perpetual settled in USDT (Tether). It tracks the FUTU share price through an index, trades 24/7 with leverage and never expires.

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