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Equity
International Business Machines (IBM) perpetual futures
IBM perpetual futures on 22 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade IBMUSDT.
IBM provides technology solutions through Software, Consulting, Infrastructure, and Financing segments, including hybrid cloud, AI, and security offerings.
$221.04-2.1%NYSE closed
Price chart
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Collecting venue price data...
venue perp mark · Binance (IBM/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
22/23 live markets
Trading data
Perpetual market activity
Venues
23
Live markets
22/23
24h volume
$7.9MCoverage: 17/22 marketsExchange-reported volume: $13.8M
Open interest
$14.6MCoverage: 17/22 markets
Best liquidity
$2.8M
Ourbit
Tightest spread
+0.5 bps
Ourbit
Highest volume
$2.3M
Binance
Settlement mix
USDT · 17/23
Perp/spot vol.
0.01x
Spot volume $1.2B
OI / float
+0.01%
Float $207.8B
Spot performance
1D-2.15%
5D-5.48%
1M-6.33%
6M-6.63%
YTD-25.50%
1Y-21.13%
Venue matrix
23 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 | IBM/USDT | Trading | $221.04 | 0.0% APR 0.000% every 8h | +0.5 bps | - | $2.3M | $3.6M | USDT | - | |
 Deepcoin | Trade | IBM/USDT | Trading | $221.06 | +11.0% APR +0.010% every 8h | +0.5 bps | $66.2K | $1.5M | - | USDT | 25x | |
 LBank | Trade | IBM/USDT | Trading | $221.05 | 0.0% APR 0.000% every 8h | - | - | $1.3M | - | USDT | 50x | |
 Gate.io | Trade | IBM/USDT | Trading | $220.96 | 0.0% APR 0.000% every 8h | +10.0 bps | $66K | $576.6K | $655.3K | USDT | 50x | |
 OKX | Trade | IBM/USDT | Trading | $220.94 | 0.0% APR 0.000% every 8h | +6.3 bps | $52.1K | $385.3K | $1.2M | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:IBM | Trading | $220.78 | +5.5% APR +0.00063% every 1h | +3.6 bps | $178.6K | $361.3K | $1.7M | USDC | 10x | |
 MEXC | Trade | IBM/USDT | Trading | $221.04 | 0.0% APR 0.000% every 8h | +7.7 bps | $116.9K | $351K | $5.2M | USDT | 50x | |
 Bitget | Trade | IBM/USDT | Trading | $220.79 | 0.0% APR 0.000% every 8h | +5.0 bps | - | $332K | $712.1K | USDT | 20x | |
 Extended | Trade | IBM/USD | Trading | $220.94 | 0.0% APR 0.000% every 1h | +2.3 bps | $57.9K | $261.3K | $15.3K | USD | 10x | |
 Bitunix | Trade | IBM/USDT | Trading | $221.05 | +4.3% APR +0.00389% every 8h | +0.9 bps | $310.8K | $180.4K | - | USDT | 50x | |
 Bybit | Trade | IBM/USDT | Trading | $220.96 | 0.0% APR 0.000% every 8h | +3.2 bps | $53K | $165.5K | $1.1M | USDT | 50x | |
 GRVT | Trade | IBM/USDT | Trading | $221.02 | +20.0% APR +0.018% every 8h | +3.2 bps | $56.7K | $94.1K | $391.2 | USDT | - | |
 HTX | Trade | IBM/USDT | Trading | $221.26 | 0.0% APR 0.000% every 8h | +28.5 bps | $190.3K | $53.3K | $8.6K | USDT | - | |
 BloFin | Trade | IBM/USDT | Trading | $221.04 | -0.9% APR -0.00080% every 8h | +1.4 bps | $422.8K | $44.3K | $47.4K | USDT | 20x | |
 Aster | Trade | IBMUSDT | Trading | $220.96 | 0.0% APR 0.000% every 8h | +56.6 bps | $20.1K | $705.5 | $4.1K | USDT | - | |
 Crypto.com Exchange | Trade | IBM/USD | Trading | $221.45 | -44.9% APR -0.00512% every 1h | +10.0 bps | $15.3K | $667.3 | $5.7K | USD | 50x | |
 Helix (Injective) | Trade | IBM/USDC | Trading | $220.80 | +3.6% APR +0.00042% every 1h | - | - | $56.9 | - | USDC | 12x | |
 Vest | Trade | IBM/USDC | Trading | $220.88 | +5.0% APR +0.00057% every 1h | +11.3 bps | $362.4K | - | - | USDC | 25x | |
 Ondo Perps | Trade | IBM/USD | Watchlist | - | - | - | - | - | - | USDC | 10x | |
 XT.com | Trade | IBM/USDT | Trading | $220.83 | 0.0% APR 0.000% every 8h | +2.3 bps | $24.2K | $1.9M⚠ | $43.1K | USDT | 20x | |
 BingX | Trade | IBM-USDT | Trading | $221.05 | +5.5% APR +0.00500% every 8h | +0.9 bps | $535.8K | $1.7M⚠ | $2.1K | USDT | - | |
 Ourbit | Trade | IBM/USDT | Trading | $221.04 | 0.0% APR 0.000% every 8h | +0.5 bps | $2.8M | $1.1M⚠ | $114.1K | USDT | 50x | |
 KuCoin | Trade | IBM/USDT | Trading | $220.95 | 0.0% APR 0.000% every 8h | +5.4 bps | $9.6K | $1.1M⚠ | $195.4K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| IBMonOndo GM | $225.52 | +2.03% | $2.3M | $2.4M | Ethereum · BNB Smart Chain (BEP20) · Solana |
| IBMBbStocks | $219.49 | -0.70% | $939k | $724k | BNB Smart Chain (BEP20) |
| IBMTokenized | $219.46 | -0.71% | $311k | – | Robinhood Chain |
| IBMRobinhood | $219.89 | -0.52% | $217k | $645k | Robinhood Chain |
| rIBMTokenized | $220.11 | -0.42% | $13k | $104k | Arbitrum |
| IBMXxStocks | $220.00 | -0.47% | $12k | $988k | Solana · Arbitrum · BNB Smart Chain (BEP20) · TON |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | IBM/USDG ↗ | $219.89 | $217k | $259k |
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 · 17 of 22 venues absorb $10k · Typical cost: +9.5 bps – +22.4 bps
Cheapest execution: Vest · +7.0 bps
Too thin: Crypto.com Exchange, KuCoin
No fresh book data: LBank, Bitget, Helix (Injective)
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
IBMTightest spread
IBMHighest volume
IBMFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 1h ago
Company data
Company fundamentals
Market cap
$207.9B
Updated 1h ago
Revenue
$69.1B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+15.5%
P/E
19.3
Peer P/E 21.5
Free cash flow
$13.6B
Trailing 12 months
More metrics
Net income
$10.7B
Trailing 12 months
P/S
3.0
Peer P/E
21.5
Similar listed perps
Revenue estimate
$70.4B
Next fiscal year
Earnings
2026-10-21
Revenue est. $16.8B · Updated 1h ago
Dividend
$1.69
2026-08-10
Fundamental detail
Annual + quarterlyLatest revenue$67.5B
Net margin+15.7%
Free cash flow$12.1B
Net debt$53.5B
PeriodRevenueGrowthNet incomeFCF
2020$55.2B-4%$5.6B$15B
2021$57.4B+4%$5.7B$10B
2022$60.5B+6%$1.6B$8.5B
2023$61.9B+2%$7.5B$12.1B
2024$62.8B+1%$6B$11.8B
2025$67.5B+8%$10.6B$12.1B
PeriodGross marginOperating marginNet marginROEROA
2020+55.9%+8.4%+10.1%+27.1%+3.6%
2021+54.9%+12.0%+10.0%+30.4%+4.3%
2022+54.0%+13.5%+2.7%+7.5%+1.3%
2023+55.4%+15.9%+12.1%+33.3%+5.5%
2024+56.7%+16.1%+9.6%+22.1%+4.4%
2025+58.2%+18.5%+15.7%+32.4%+7.0%
PeriodCashDebtNet debtCurrent ratio
2020$13.2B$65.1B$51.9B0.98
2021$6.7B$55.1B$48.5B0.88
2022$7.9B$54B$46.1B0.92
2023$13.1B$59.9B$46.9B0.96
2024$13.9B$58.4B$44.4B1.04
2025$13.6B$67.2B$53.5B0.93
PeriodMarket capEnterprise valueP/SP/E
2020$107.1B$159B1.919.2
2021$119.8B$168.2B2.120.9
2022$127.2B$173.3B2.177.4
2023$149B$195.9B2.419.9
2024$206B$250.5B3.333.7
2025$276.2B$329.7B4.126.1
PeriodRevenueGrowthNet incomeFCF
Q3 2024$15B+1%-$330M$2.5B
Q4 2024$17.6B+1%$2.9B$3.9B
Q1 2025$14.5B+1%$1.1B$4B
Q2 2025$17B+8%$2.2B$1.5B
Q3 2025$16.3B+9%$1.7B$2.8B
Q4 2025$19.7B+12%$5.6B$3.7B
Q1 2026$15.9B+9%$1.2B$4.8B
Q2 2026$17.2B+1%$2.2B$2.4B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+56.3%+14.5%-2.2%-1.3%-0.2%
Q4 2024+59.5%+22.2%+16.6%+10.7%+2.1%
Q1 2025+55.2%+12.1%+7.3%+3.9%+0.7%
Q2 2025+58.8%+18.2%+12.9%+8.0%+1.5%
Q3 2025+58.7%+16.3%+10.7%+6.2%+1.2%
Q4 2025+60.6%+24.6%+28.4%+17.2%+3.7%
Q1 2026+56.2%+13.9%+7.6%+3.7%+0.8%
Q2 2026+57.7%+15.2%+12.6%+6.3%+1.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$13.2B$60.1B$46.9B1.06
Q4 2024$13.9B$58.4B$44.4B1.04
Q1 2025$11B$66.8B$55.8B1.01
Q2 2025$11.9B$67.7B$55.8B0.91
Q3 2025$11.6B$66.6B$55B0.93
Q4 2025$13.6B$67.2B$53.5B0.93
Q1 2026$10.8B$69.8B$59B0.80
Q2 2026$7.2B$65.3B$58.1B0.79
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$204.2B$251.1B13.6-153.5
Q4 2024$203.6B$248B11.617.4
Q1 2025$230.8B$286.6B15.954.5
Q2 2025$274B$329.7B16.131.2
Q3 2025$263.5B$318.5B16.137.7
Q4 2025$277.4B$330.9B14.112.4
Q1 2026$227.5B$286.5B14.346.6
Q2 2026$264.3B$322.4B15.430.6
Refreshed 1h 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
2026-10-21
Revenue est. $16.8B · Updated 1h ago
Dividend
$1.69
2026-08-10
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
New York Stock Exchange
After-hours reference
Bid220.7
Ask221
Volume5,291,221
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202612.31$70.4B+4%13
FY 202713.15$73.1B+8%13
FY 202814.35$76.9B+14%6
FY 202913.91$81B+20%3
FY 203012.56$81.5B+21%2
Q1 20272.17$16.5B+4%5
Company events
62026-10-21EarningsActual - / Estimate 2.86-
2026-08-10Dividend$1.69-
2026-07-22EarningsActual 2.93 / Estimate 2.93In line
2026-05-08Dividend$1.69-
2026-04-22EarningsActual 1.91 / Estimate 1.81Beat
2026-02-10Dividend$1.68-
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
IBM-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 29, 2026, 04:46 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Information Technology Services
- Chief executive
- Arvind Krishna
- Employees
- 264,300
- IPO date
- Sep 24, 1915
- Country
- US
- Exchange
- New York Stock Exchange
Altman Z-scorei3.18
Piotroski scorei5/9
FMP ratingiB
Owner earningsi$2.40B$2.52 per share
ESG risk ratingiB+Industry rank: 5 out of 100
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 4
- Debt to equityi
- 1
- Price to earningsi
- 2
- Price to booki
- 1
Company press releases
IBM Expands Its Digital Banking Infrastructure with Swift Integration and Digital Asset Haven On-PremisesPRNewsWireInternational Business Machines Corporation (IBM) $68 Billion Wipeout Amid Z Shortfall Triggers Investigation - HBSSGlobeNewsWireMarist University and IBM Launch Innovation Incubator with IBM z17, Expanding 50-Year Partnership to Advance AI Research and Student Career ReadinessPRNewsWireNew IBM CHRO Study: AI Puts Critical Thinking at the Center of Workforce PrioritiesPRNewsWireAnderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum FoundryPRNewsWireBlueQubit Launches "Quantum Flywheel" Grant Program to Advance Quantum Computing with AWS, IBM, and NVIDIA Accelerated ComputingBusiness Wire
Congressional disclosures
Senate
Shelley Moore CapitoSale · $15,001 - $50,000Disclosed: Nov 4, 2025Shelley Moore CapitoSale (Partial) · $15,001 - $50,000Disclosed: Nov 4, 2025Thomas Hawley TubervilleSale (Full) · $1,001 - $15,000Disclosed: Feb 14, 2024Tommy TubervilleSale (Full) · $1,001 - $15,000Disclosed: Feb 14, 2024Shelley Moore CapitoSale (Partial) · $1,001 - $15,000Disclosed: Jul 15, 2022
House
Maria Elvira SalazarSale · $1,001 - $15,000Disclosed: Sep 10, 2026Maria Elvira SalazarSale · $1,001 - $15,000Disclosed: Sep 10, 2026Maria Elvira SalazarSale · $1,001 - $15,000Disclosed: Sep 10, 2026Gilbert CisnerosPurchase · $1,001 - $15,000Disclosed: Sep 11, 2026Ro KhannaSale · $1,001 - $15,000Disclosed: Sep 7, 2026
Market cap history
$207.41B-20.5%Jun 26 – Sep 26
Latest: $207.41B · 2026-09-28High: $281.10B · 2026-07-06Low: $200.20B · 2026-07-20
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.3% | 29.9M |
| VECA.S | 0.51% | 28M |
| VOO | 0.33% | 25M |
| IVV | 0.32% | 12.5M |
| 1657.T | 0.25% | 12.5M |
| FXAIX | 0.33% | 12M |
| 1557.T | 0.33% | 11.6M |
| SPY | 0.32% | 11.6M |
| VTV | 0.8% | 9M |
| XLK | 1.2% | 6.8M |
| VGT | 0.86% | 6.3M |
| VIG | 0.94% | 5.3M |
Analyst track record
How the analysts covering IBM have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 152 | 371 |
| Analysts | 25 | 29 |
| Buy / hold / sell | 97 / 49 / 6 | 200 / 149 / 22 |
| Upgrades / downgrades / initiations | 6 / 3 / 4 | 8 / 6 / 10 |
| Price targets hit / missed | 11 / 135 (8%) | 124 / 233 (35%) |
| Avg. return after a rating (TipRanks) | -22.3% | -5.9% |
| Best / worst call | +19.5% / -40.3% | +89.2% / -40.3% |
After buy calls on this stock: median 21-day move +0.3% vs S&P 500 -1.1% (n = 202)
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.
- Amit DaryananiEvercore ISI100% hit rate on this stock · 24 targets measuredBuytarget $250Jul 23, 2026
- Wamsi MohanBank of America Securities100% hit rate on this stock · 24 targets measuredBuytarget $280Jul 22, 2026
- Matthew SwansonRBC Capital100% hit rate on this stock · 20 targets measuredBuytarget $270Aug 19, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Aug 31, 2026 | James FriedmanSusquehanna | HoldMaintained | $235 | article ↗ |
| Aug 19, 2026 | Matthew SwansonRBC Capital | BuyMaintained | $270 | article ↗ |
| Jul 24, 2026 | James FriedmanSusquehanna | HoldMaintained | $225 | article ↗ |
| Jul 24, 2026 | Fatima BoolaniCiti | BuyMaintained | $245 | article ↗ |
| Jul 23, 2026 | David GrossmanStifel Nicolaus | BuyMaintained | $235 | article ↗ |
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 · 152 ratings
Frequently asked questions
Where can I trade IBM perpetual futures?
International Business Machines (IBM) perpetual futures trade on 22 crypto venues, including Binance, XT.com, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade IBM around the clock?
Yes. Unlike the underlying stock, IBM perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on IBM perpetuals?
Right now the IBM perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 22 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the IBM perp price compare to the International Business Machines stock?
The venue-median IBM perp mark is $221 versus a reference stock price of $221, 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 IBM perpetual future?
A IBM perpetual is a derivative that tracks the price of International Business Machines with no expiry date. It lets you take long or short exposure to International Business Machines on crypto venues, around the clock.
What is IBMUSDT perpetual?
IBMUSDT is the symbol most crypto exchanges use for the International Business Machines perpetual settled in USDT (Tether). It tracks the IBM share price through an index, trades 24/7 with leverage and never expires.
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