PerpEquities

Equity · Consumer cyclical

Meituan (MEITUAN) perpetual futures

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

Meituan operates a Chinese online platform for food delivery, local services, hotel and travel bookings, and new ventures like grocery and shared mobility.

$9.34-3.5%
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Price chart

 

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venue perp mark · Deepcoin (MEITUAN/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

13/14 live markets
Venues
14
Live markets
13/14
24h volume
$1.3MCoverage: 9/13 marketsExchange-reported volume: $13.4M
Open interest
$13.5M
Best liquidity
$483.9K
Bitget
Tightest spread
+1.1 bps
Bitget
Highest volume
$773.1K
Binance
Settlement mix
USDT · 13/14
Perp/spot vol.
0.01x
Spot volume $92.9M
OI / float
+0.03%
Float $51.3B
Spot performance
1D-3.51%
5D-6.00%
1M+1.89%
6M-13.33%
YTD-29.48%
1Y-29.48%

Venue matrix

14 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
BinanceTradeMEITUAN/USDTTrading$9.350.0% APR
0.000% every 4h		+10.7 bps$49.7K$773.1K$803.9KUSDT-
XT.comTradeMEITUAN/USDTTrading$9.34+11.0% APR
+0.010% every 8h		+10.7 bps$21.8K$179.4K$12.1MUSDT20x
OurbitTradeMEITUAN/USDTTrading$9.350.0% APR
0.000% every 4h		+117.7 bps$31.7K$173.3K$105.5KUSDT20x
MEXCTradeMEITUAN/USDTTrading$9.340.0% APR
0.000% every 4h		+10.7 bps$107.2K$103.9K$151.8KUSDT20x
BitunixTradeMEITUAN/USDTTrading$9.35+4.1% APR
+0.00186% every 4h		+10.7 bps$72.2K$82.9K$22.9KUSDT20x
Gate.ioTradeMEITUAN/USDTTrading$9.360.0% APR
0.000% every 8h		+27.7 bps$8.2K$21K$105.6KUSDT25x
BybitTradeMEITUAN/USDTTrading$9.370.0% APR
0.000% every 8h		+21.3 bps$8.4K$13.1K$60.8KUSDT25x
HTXTradeMEITUAN/USDTTrading$9.370.0% APR
0.000% every 4h		+117.0 bps$686.2$1.7K$9.2KUSDT-
AsterTradeMEITUANUSDTTrading$9.340.0% APR
0.000% every 8h		+117.7 bps$7.8K$360.8$2.4KUSDT-
Ondo PerpsTradeMEITUAN/USDWatchlist------USDC5x
DeepcoinTradeMEITUAN/USDTTrading$9.37-+10.7 bps$444.6K$10.2M⚠$18.7USDT25x
KuCoinTradeMEITUAN/USDTTrading$9.370.0% APR
0.000% every 4h		+30.9 bps$6.7K$648.7K⚠$18.1KUSDT20x
LBankTradeMEITUAN/USDTTrading$9.340.0% APR
0.000% every 4h		+10.7 bps$121.6K$638.7K⚠$688.6USDT50x
BitgetTradeMEITUAN/USDTTrading$9.34+60.8% APR
+0.056% every 8h		+1.1 bps$483.9K$565.9K⚠$142.6KUSDT5x

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

Broad liquidity · 8 of 13 venues absorb $10k · Typical cost: +17.9 bps – +39.2 bps

Cheapest execution: Bitget · +10.1 bps

Too thin: Gate.io, KuCoin

No fresh book data: Ourbit, Aster, HTX

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

Best venues for this underlying

Best liquidity

MEITUAN
Bitget · MEITUAN/USDT$483.9K

Tightest spread

MEITUAN
Bitget · MEITUAN/USDT+1.1 bps

Highest volume

MEITUAN
Binance · MEITUAN/USDT$773.1K

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-06-30 · next report 2026-11-27 · Updated 1h ago
All financials →

Valuation & key figures

Market cap
$57.3B
Updated 1h ago
Revenue
$56.9B
Trailing 12 months
Revenue growth
+15%
Next fiscal year
Profit margin
-10.1%
P/E
-9.8
Peer P/E 23.5
P/S
1.0
Peer P/E
23.5
Similar listed perps
Free cash flow
-$5.9B
Trailing 12 months
Net income
-$5.7B
Trailing 12 months
Revenue estimate
$62.5B
Next fiscal year
Earnings
2026-11-27
Revenue est. $16.8B · Updated 1h ago
Dividend
-
Revenue (TTM)CN¥381B+5.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-11.6%-20.2 pp vs a year agoOperating income -CN¥44.1B
Net income (TTM)-CN¥38.4B-230.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-CN¥39.3B-174.4% vs a year agoCapex CN¥13.3B
Diluted EPS (TTM)-CN¥6.29-228.9% vs a year agoSum of the last 4 quarters
Net cashCN¥94.4B-21.4% vs a year agoCash + short-term investments - debt
  • Revenue growth accelerating: 13.5% year on yearQ2 '26 revenue CN¥104B, against an average of 5.2% over the four quarters before.
  • Operating margin -11.6% (TTM), -20.2 pp on a year agoOperating income grew -241.4% while revenue grew 5.7%.
  • Capex 3.5% of revenue (a year ago 1.6%)CN¥13.3B invested in the last 4 quarters (+130.0% on a year earlier). Free cash flow -CN¥39.3B.
  • Diluted share count up 0.3% in a year6.18B diluted shares in Q2 '26, 6.15B a year earlier.

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
2026-11-27
Revenue est. $16.8B · Updated 1h ago

No unusual perp activity right now.

Reference data

Market context

Reference market

Closed
Hong Kong Stock Exchange
Regular hours
09:30 AM – 12:00 PM GMT+8
Next holiday
Dec 24, 2026 · Christmas Eve (half day)

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.03$62.5B+15%21
FY 20270.57$70.8B+30%24
FY 20280.95$79.8B+46%15
FY 20291.17$90.8B+67%9
FY 20300.00$97.4B+79%6
Q3 20260.04$16.9B+18%10

Company events

6
2026-11-27EarningsActual - / Estimate 0.33-
2026-08-28EarningsActual 0.48 / Estimate 0.06Beat
2026-06-01EarningsActual -0.92 / Estimate -1.3Beat
2026-03-26EarningsActual -2.76 / Estimate -2.68Miss
2025-11-28EarningsActual -2.84 / Estimate -2.11Miss
2025-08-26EarningsActual 0.26 / Estimate 1.64Miss

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
NKE$57.4B1.318.5+6.7%17EBAY$54.2B4.426.4+16.8%15AZO$51.8B2.520.6+12.6%1F$49B0.3-6.3-4.2%2SE$47B1.728.3+5.9%1CMG$45.4B3.633.6+10.8%3RACE$72.9B8.739.0+22.5%1CCL$41.3B1.513.3+11.4%6

Company data

Company intelligence

Updated: Sep 27, 2026, 11:23 AM UTC

Company profile

Sector
Consumer Cyclical
Industry
Specialty Retail
Chief executive
Xing Wang
Employees
111,298
IPO date
Sep 20, 2018
Country
CN
Exchange
Hong Kong Stock Exchange
Website
Altman Z-scorei1.35
Piotroski scorei2/9
Overall ratingiC-
Owner earningsiCN¥5.72BCN¥0.93 per share

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
3
Price to earningsi
1
Price to booki
2
Market cap history
HK$442.48B+7.0%Jun 26 – Sep 26
HK$413.45BHK$493.67BHK$573.89BHigh: HK$573.89B · 2026-08-10Low: HK$413.45B · 2026-06-29Latest: HK$442.48B · 2026-09-25Jun 26Jul 26Aug 26Sep 26
Latest: HK$442.48B · 2026-09-25High: HK$573.89B · 2026-08-10Low: HK$413.45B · 2026-06-29
Largest fund holders
FundWeightShares held
VXUS0.12%81.1M
VWO0.44%77.9M
3033.HK7.9%68M
IEMG0.33%57.9M
2800.HK2.37%43.9M
KWEB7%36M
VWIGX0.59%30.2M
JYV4.64%25.4M
FXI4.33%19.4M
EIMI.L0.33%16.8M
3067.HK7.86%14.2M
VEU0.13%13.1M

Analyst track record

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

12 months3 years
Ratings00
Analysts00
Buy / hold / sell––
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed––
Avg. return after a rating (TipRanks)––
Best / worst call– / –– / –

After buy calls on this stock: not enough measured cases yet

TipRanks data · computed Nov 6, 2026 · 0 ratings

Frequently asked questions

Where can I trade MEITUAN perpetual futures?

Meituan (MEITUAN) perpetual futures trade on 13 crypto venues, including Deepcoin, Binance, KuCoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MEITUAN around the clock?

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

What is the funding rate on MEITUAN perpetuals?

Right now the MEITUAN perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +60.8% across 13 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MEITUAN perp price compare to the Meituan stock?

The venue-median MEITUAN perp mark is $9.35 versus a reference stock price of $9.34, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MEITUAN perpetual future?

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

What is MEITUANUSDT perpetual?

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

Other Consumer cyclical perps

Also listed on Deepcoin

Also listed on Binance

Also listed on KuCoin

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