PerpEquities

Equity · Financial services

Interactive Brokers Group (IBKR) perpetual futures

IBKR perpetual futures on 13 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade IBKRUSDT.

Interactive Brokers Group is a global electronic brokerage providing trading, clearing, and custody services for a wide range of financial instruments to institutional and individual clients.

$78.11+0.5%NASDAQ closed
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Collecting venue price data...
venue perp mark · BingX (IBKR-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

13/13 live markets
Venues
13
Live markets
13/13
24h volume
$2MCoverage: 12/13 marketsExchange-reported volume: $2.7M
Open interest
$8.2MCoverage: 12/13 markets
Best liquidity
$830.9K
HTX
Tightest spread
+6.4 bps
Bitget
Highest volume
$649.9K
LBank
Settlement mix
USDT · 12/13
Perp/spot vol.
0.00x
Spot volume $401.4M
OI / float
+0.02%
Float $34.3B
Spot performance
1D+0.28%
5D-1.53%
1M-12.03%
6M-4.94%
YTD+20.79%
1Y+9.89%

Venue matrix

13 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
BitgetTradeIBKR/USDTTrading$78.130.0% APR
0.000% every 8h
+6.4 bps-$457.3K$54.2KUSDT20x
XT.comTradeIBKR/USDTTrading$77.99+3.9% APR
+0.00361% every 8h
+11.5 bps$59.1K$398.9K$6.8MUSDT20x
BinanceTradeIBKR/USDTTrading$78.01+3.9% APR
+0.00357% every 8h
+11.5 bps$23.1K$111.8K$53.6KUSDT-
MEXCTradeIBKR/USDTTrading$77.93+3.1% APR
+0.00280% every 8h
+29.5 bps$32.3K$105.3K$1MUSDT20x
OurbitTradeIBKR/USDTTrading$77.98+3.1% APR
+0.00280% every 8h
+11.5 bps$57.7K$80.7K$114.9KUSDT20x
OKXTradeIBKR/USDTTrading$78.110.0% APR
0.000% every 8h
+50.4 bps$6.7K$67.2K$16KUSDT20x
BitunixTradeIBKR/USDTTrading$78.01+2.4% APR
+0.00221% every 8h
+14.1 bps$22.2K$66.5K$13.9KUSDT20x
HTXTradeIBKR/USDTTrading$78.110.0% APR
0.000% every 8h
+67.9 bps$830.9K$21.6K$8KUSDT-
BybitTradeIBKR/USDTTrading$77.810.0% APR
0.000% every 8h
+44.9 bps$4.3K$21.4K$23.2KUSDT25x
Gate.ioTradeIBKR/USDTTrading$77.970.0% APR
0.000% every 8h
+77.0 bps$10.1K$2.9K$5.8KUSDT20x
Crypto.com ExchangeTradeIBKR/USDTrading$77.25+164.7% APR
+0.019% every 1h
+19.2 bps$4.6K$149.9$149.9USD50x
LBankTradeIBKR/USDTTrading$77.96+0.1% APR
+0.00010% every 8h
--$649.9K-USDT20x
BingXTradeIBKR-USDTTrading$78.00+2.4% APR
+0.00220% every 8h
+14.1 bps$19.9K$675.8K⚠$7.7KUSDT-

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 · 7 of 13 venues absorb $10k · Typical cost: +38.7 bps – +64.5 bps

Cheapest execution: Ourbit · +25.2 bps

Too thin: Gate.io, OKX, Crypto.com Exchange, Bybit

No fresh book data: LBank, Bitget

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

Best venues for this underlying

Best liquidity

IBKR

Tightest spread

IBKR

Highest volume

IBKR

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-15 · next report 2027-01-19 · Updated 410h ago
All financials →

Valuation & key figures

Market cap
$145.3B
Updated 410h ago
Revenue
$11.6B
Trailing 12 months
Revenue growth
-27%
Next fiscal year
Profit margin
+10.2%
P/E
31.4
Peer P/E 20.3
P/S
12.5
Peer P/E
20.3
Similar listed perps
Free cash flow
$15.8B
Trailing 12 months
Net income
$1.2B
Trailing 12 months
Revenue estimate
$7.4B
Next fiscal year
Earnings
2027-01-19
Revenue est. $2B · Updated 410h ago
Dividend
$0.15
2026-12-01
Revenue (TTM)$11.6B+17.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)87.0%+1.5 pp vs a year agoOperating income $10.1B
Net income (TTM)$1.18B+28.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$11.4B-28.8% vs a year agoCapex $66M
Diluted EPS (TTM)$2.60+24.4% vs a year agoSum of the last 4 quarters
Net cash$5.92B+40.1% vs a year agoCash + short-term investments - debt
  • Revenue growth accelerating: 18.1% year on yearQ3 '26 revenue $3.19B, against an average of 15.7% over the four quarters before.
  • Operating margin 87.0% (TTM), +1.5 pp on a year agoOperating income grew 19.2% while revenue grew 17.1%.
  • 82.1% of pre-tax profit is eaten by non-operating lossesPre-tax income $5.54B vs operating income $10.1B (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 0.6% of revenue (a year ago 0.6%)$66M invested in the last 4 quarters (+10.0% on a year earlier). Free cash flow $11.4B = 966.0% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Commissions$673M+30.4%89.7%
Risk Exposure Fees$25M+47.1%3.3%
Market Data Fees$23M+15.0%3.1%
Payments For Order Flow$18M+100.0%2.4%
Others$11M+57.1%1.5%
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 205 lines Interactive Brokers Group, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-19
Revenue est. $2B · Updated 410h ago
Dividend
$0.15
2026-12-01

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20262.70$7.4B-27%9
FY 20273.31$8.9B-13%10
FY 20283.86$10.2B0%8
FY 20294.44$11.5B+12%5
FY 20305.35$13.7B+34%5
Q1 20280.92$2.5B-8%5

Company events

6
2027-01-19EarningsActual - / Estimate 0.72-
2026-12-01Dividend$0.15-
2026-10-15Earnings · After market closeActual 0.67 / Estimate 0.67Beat
2026-09-01Dividend$0.088-
2026-07-21EarningsActual 0.69 / Estimate 0.64Beat
2026-06-01Dividend$0.088-

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 02:36 PM UTC

Company profile

Sector
Financial Services
Industry
Investment - Banking & Investment Services
Chief executive
Milan Galik
Employees
3,182
IPO date
May 4, 2007
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei0.7
Piotroski scorei7/9
Overall ratingiB+
Owner earningsi$1.60M$0.00 per share
ESG risk ratingiBIndustry rank: 16 out of 19

Rating factors

Return on equityi
5
Return on assetsi
2
Debt to equityi
5
Price to earningsi
1
Price to booki
1
Market cap history
$134.91B-11.5%Aug 26 – Oct 26
$134.91B$151.97B$169.03BHigh: $169.03B · 2026-08-31Latest: $134.91B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $134.91B · 2026-10-30High: $169.03B · 2026-08-31Low: $134.91B · 2026-10-30
Largest fund holders
FundWeightShares held
VTI0.05%13.7M
VOO0.06%11.9M
FXAIX0.06%6.5M
IVV0.05%6M
1657.T0.04%6M
XSP.TO0.05%6M
XWD.TO0.04%6M
SPY0.06%5.5M
VAFIX1.94%4.1M
TWCUX1.16%3.6M
VUG0.07%3.3M
XLF0.46%3M

Analyst track record

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

12 months3 years
Ratings74213
Analysts1519
Buy / hold / sell64 / 9 / 1191 / 21 / 1
Upgrades / downgrades / initiations0 / 1 / 82 / 3 / 12
Price targets hit / missed11 / 61 (15%)106 / 101 (51%)
Avg. return after a rating (TipRanks)-13.5%+22.5%
Best / worst call+95.2% / -33.0%+403.2% / -57.6%

After buy calls on this stock: median 21-day move +4.3% vs S&P 500 +3.6% (n = 193)

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. Benjamin BudishBarclays80% hit rate on this stock · 45 targets measuredBuytarget $117Nov 3, 2026
  2. Brennan HawkenBMO Capital78% hit rate on this stock · 9 targets measuredBuytarget $100Oct 16, 2026
  3. Patrick MoleyPiper Sandler77% hit rate on this stock · 13 targets measuredBuytarget $109Oct 16, 2026

Latest ratings

DateAnalystCallTarget
Nov 3, 2026Benjamin BudishBarclaysBuyMaintained$117
Oct 20, 2026Michael BrownUBSHoldReiterated$97.00
Oct 18, 2026Jose Luis PascualJLPascualSellMaintained$41.90
Oct 16, 2026Benjamin RubinEvercore ISIBuyMaintained$100
Oct 16, 2026Brian BedellDeutsche BankBuyMaintained$104
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$70.00$80.00$90.00$100$110Dec 25 · Buy 7 · Hold 1 · Sell 0Dec 25Jan 26 · Buy 7 · Hold 1 · Sell 0Feb 26 · Buy 7 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 7 · Hold 1 · Sell 0Apr 26 · Buy 6 · Hold 1 · Sell 0Apr 26May 26 · Buy 6 · Hold 1 · Sell 0Jun 26 · Buy 7 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 7 · Hold 1 · Sell 0Aug 26 · Buy 7 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 7 · Hold 3 · Sell 0Oct 26 · Buy 11 · Hold 3 · Sell 1Oct 26Nov 26 · Buy 11 · Hold 3 · Sell 1Dec 25 · avg. target $81.13Jan 26 · avg. target $81.13Feb 26 · avg. target $80.71Mar 26 · avg. target $80.71Apr 26 · avg. target $87.29May 26 · avg. target $87.29Jun 26 · avg. target $91.88Jul 26 · avg. target $110Aug 26 · avg. target $109Sep 26 · avg. target $108Oct 26 · avg. target $101Nov 26 · avg. target $101Dec 25 · month-end close $64.31Jan 26 · month-end close $74.88Feb 26 · month-end close $71.19Mar 26 · month-end close $67.07Apr 26 · month-end close $79.50May 26 · month-end close $86.97Jun 26 · month-end close $87.04Jul 26 · month-end close $87.99Aug 26 · month-end close $97.29Sep 26 · month-end close $85.42Oct 26 · month-end close $76.90Nov 26 · month-end close $76.90

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

TipRanks data · computed Nov 3, 2026 · 74 ratings

Frequently asked questions

Where can I trade IBKR perpetual futures?

Interactive Brokers Group (IBKR) perpetual futures trade on 13 crypto venues, including BingX, LBank, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade IBKR around the clock?

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

What is the funding rate on IBKR perpetuals?

Right now the IBKR perp funding rate is +2.4% annualized (venue median), ranging from 0.0% to +164.7% across 13 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the IBKR perp price compare to the Interactive Brokers Group stock?

The venue-median IBKR perp mark is $78 versus a reference stock price of $78.1, 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 IBKR perpetual future?

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

What is IBKRUSDT perpetual?

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

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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