PerpEquities

Equity · Consumer cyclical

MercadoLibre, Inc. (MELI) perpetual futures

MELI perpetual futures on 14 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MELIUSDT.

MercadoLibre operates digital commerce platforms in Latin America, including the Mercado Libre Marketplace, Mercado Pago payments, logistics via Mercado Envios, and additional services.

$1,516-2.8%NASDAQ closed
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Price chart

 

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

Trading data

Perpetual market activity

14/14 live markets
Venues
14
Live markets
14/14
24h volume
$4.3MCoverage: 12/14 marketsExchange-reported volume: $8.4M
Open interest
$6.7M
Best liquidity
$269.5K
Bitget
Tightest spread
+0.3 bps
Ourbit
Highest volume
$2.7M
XT.com
Settlement mix
USDT · 12/14
Perp/spot vol.
0.00x
Spot volume $924.9M
OI / float
+0.01%
Float $71.2B
Spot performance
1D-2.77%
5D-3.39%
1M-21.15%
6M-4.31%
YTD-26.02%
1Y-29.02%

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
XT.comTradeMELI/USDTTrading$1,5180.0% APR
0.000% every 8h
+52.7 bps$137K$2.7M$5.5MUSDT20x
BitgetTradeMELI/USDTTrading$1,5160.0% APR
0.000% every 8h
+3.3 bps$269.5K$555.1K$208.5KUSDT20x
LBankTradeMELI/USDTTrading$1,5160.0% APR
0.000% every 8h
+16.5 bps$264.8K$363.9K$81.3KUSDT20x
HTXTradeMELI/USDTTrading$1,5200.0% APR
0.000% every 8h
+140.4 bps$243.6K$167.3K$5.2KUSDT-
BinanceTradeMELI/USDTTrading$1,5160.0% APR
0.000% every 8h
+24.6 bps-$137.6K$75.9KUSDT-
MEXCTradeMELI/USDTTrading$1,5150.0% APR
0.000% every 8h
+31.0 bps$83.3K$111.7K$341.6KUSDT20x
BitunixTradeMELI/USDTTrading$1,517+1.7% APR
+0.00151% every 8h
+16.1 bps$19.1K$99.9K$13.8KUSDT20x
OKXTradeMELI/USDTTrading$1,5190.0% APR
0.000% every 8h
+39.6 bps$6.4K$59.1K$52.5KUSDT20x
Hyperliquid HIP-3Tradepara:MELITrading$1,512-11.6% APR
-0.00132% every 1h
+16.5 bps$115.4K$35.7K$131KUSDC10x
BybitTradeMELI/USDTTrading$1,5200.0% APR
0.000% every 8h
+59.9 bps$3.4K$12.9K$73.2KUSDT25x
Gate.ioTradeMELI/USDTTrading$1,5160.0% APR
0.000% every 8h
+52.7 bps$15.4K$2.7K$45.8KUSDT20x
ExtendedTradeMELI/USDTrading$1,513+4.4% APR
+0.00050% every 1h
+37.1 bps$200K$0$3KUSD10x
OurbitTradeMELI/USDTTrading$1,5160.0% APR
0.000% every 8h
+0.3 bps$19.1K$3.3M⚠$111.1KUSDT20x
BingXTradeMELI-USDTTrading$1,517+5.5% APR
+0.00500% every 8h
+19.2 bps$29.3K$735.7K⚠$1.4KUSDT-

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 · 11 of 14 venues absorb $10k · Typical cost: +22.5 bps – +66.1 bps

Cheapest execution: Bitget · +11.1 bps

Too thin: Bitunix, Gate.io

No fresh book data: HTX

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

Best venues for this underlying

Best liquidity

MELI

Tightest spread

MELI

Highest volume

MELI

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-05 · next report 2027-02-23 · Updated 3h ago
All financials →

Valuation & key figures

Market cap
$75.6B
Updated 3h ago
Revenue
$38.5B
Trailing 12 months
Revenue growth
+45%
Next fiscal year
Profit margin
+4.9%
P/E
40.0
Peer P/E 23.7
P/S
2.0
Peer P/E
23.7
Similar listed perps
Free cash flow
$12.3B
Trailing 12 months
Net income
$1.9B
Trailing 12 months
Revenue estimate
$41.9B
Next fiscal year
Earnings
2027-02-23
Revenue est. $12.1B · Updated 3h ago
Dividend
$0.15
2017-12-28
Revenue (TTM)$38.5B+47.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)7.4%-4.5 pp vs a year agoOperating income $2.86B
Net income (TTM)$1.89B-9.0% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$12.3B+54.4% vs a year agoCapex $1.64B
Diluted EPS (TTM)$37.28-9.0% vs a year agoSum of the last 4 quarters
Net cash-$5.62B+3.0% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-04): revenue beat by 0.6%, EPS missed by 4.7%Revenue $10.8B vs $10.7B expected (+0.6%); EPS $8.83 vs $9.27 (-4.7%).
  • Revenue growth steady: 45.1% year on yearQ3 '26 revenue $10.8B, against an average of 45.7% over the four quarters before.
  • Operating margin 7.4% (TTM), -4.5 pp on a year agoOperating income grew -8.7% while revenue grew 47.1%.
  • 11.2% of pre-tax profit is eaten by non-operating lossesPre-tax income $2.57B vs operating income $2.86B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

Q3 '26
LineRevenuey/yShare
Service$9.21B+42.1%85.6%
Product$1.55B+65.6%14.4%
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 288 lines MercadoLibre, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-23
Revenue est. $12.1B · Updated 3h ago
Dividend
$0.15
2017-12-28

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202637.54$41.9B+45%11
FY 202753.18$54B+87%16
FY 202874.13$66.8B+131%17
FY 2029106.63$84.8B+193%12
FY 2030129.77$101.2B+250%7
Q1 20290.00$20.5B+132%1

Company events

6
2027-02-23EarningsActual - / Estimate 10.49-
2026-11-04Earnings · After market closeActual 8.83 / Estimate 9.27Miss
2026-08-05EarningsActual 9.19 / Estimate 8.65Beat
2026-05-07EarningsActual 8.23 / Estimate 8.75Miss
2026-02-24EarningsActual 11.03 / Estimate 11.45Miss
2025-10-29EarningsActual 8.32 / Estimate 9.12Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Oct 18, 2026, 09:08 AM UTC

Company profile

Sector
Consumer Cyclical
Industry
Specialty Retail
Chief executive
Ariel Szarfsztejn
Employees
123,670
IPO date
Aug 10, 2007
Country
UY
Exchange
NASDAQ Global Select
Website
Altman Z-scorei2.4
Piotroski scorei5/9
Overall ratingiB
Owner earningsi$3.72B$73.42 per share
ESG risk ratingiB-Industry rank: 94 out of 107

Rating factors

Return on equityi
5
Return on assetsi
3
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
$92.98B+0.1%Jul 26 – Oct 26
$86.81B$92.78B$98.75BHigh: $98.75B · 2026-08-24Low: $86.81B · 2026-09-28Latest: $92.98B · 2026-10-16Jul 26Aug 26Sep 26Oct 26
Latest: $92.98B · 2026-10-16High: $98.75B · 2026-08-24Low: $86.81B · 2026-09-28
Largest fund holders
FundWeightShares held
QQQ0.4%1.1M
VWIGX2.73%726.1K
QQQM0.4%235.9K
JEPQ0.38%90.9K
ARGT23.03%86.1K
MOAT1.35%84.5K
IWDA.L0.09%74.3K
IWDG.L0.09%74.3K
NQSE.DE0.4%67.8K
CNDX.L0.4%67.7K
FCNKX0.05%49.7K
USMV0.37%47.2K

Analyst track record

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

12 months3 years
Ratings94309
Analysts2026
Buy / hold / sell80 / 14 / 0269 / 40 / 0
Upgrades / downgrades / initiations4 / 4 / 18 / 9 / 8
Price targets hit / missed0 / 89 (0%)3 / 280 (1%)
Avg. return after a rating (TipRanks)-35.0%-34.5%
Best / worst call-12.6% / -49.0%+9.3% / -56.3%

After buy calls on this stock: median 21-day move +0.4% vs S&P 500 -0.8% (n = 277)

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. Marvin FongBTIG86% hit rate on this stock · 22 targets measuredBuytarget $2,050Nov 5, 2026
  2. Trevor YoungBarclays74% hit rate on this stock · 19 targets measuredBuytarget $2,300May 11, 2026
  3. Scott DevittWedbush71% hit rate on this stock · 14 targets measuredBuytarget $2,400Feb 25, 2026

Latest ratings

DateAnalystCallTarget
Nov 9, 2026Marcelo SantosJ.P. MorganHoldMaintained$1,850
Nov 9, 2026Marcelo SantosJ.P. MorganHoldMaintained$1,850
Nov 5, 2026Robert FordBank of America SecuritiesBuyMaintained–
Nov 4, 2026Joao SoaresCitiBuyMaintained$2,050
Nov 5, 2026Deepak MathivananCantor FitzgeraldBuyMaintained$2,000
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$1,600$1,800$2,000$2,200$2,400$2,600$2,800Dec 25 · Buy 14 · Hold 2 · Sell 0Dec 25Jan 26 · Buy 12 · Hold 2 · Sell 0Feb 26 · Buy 13 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 12 · Hold 1 · Sell 0Apr 26 · Buy 10 · Hold 2 · Sell 0Apr 26May 26 · Buy 12 · Hold 4 · Sell 0Jun 26 · Buy 13 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 13 · Hold 4 · Sell 0Aug 26 · Buy 12 · Hold 4 · Sell 0Aug 26Sep 26 · Buy 13 · Hold 4 · Sell 0Oct 26 · Buy 13 · Hold 3 · Sell 0Oct 26Nov 26 · Buy 12 · Hold 2 · Sell 0Dec 25 · avg. target $2,852Jan 26 · avg. target $2,791Feb 26 · avg. target $2,725Mar 26 · avg. target $2,610Apr 26 · avg. target $2,449May 26 · avg. target $2,255Jun 26 · avg. target $2,264Jul 26 · avg. target $2,221Aug 26 · avg. target $2,235Sep 26 · avg. target $2,261Oct 26 · avg. target $2,244Nov 26 · avg. target $2,255Dec 25 · month-end close $2,014Jan 26 · month-end close $2,148Feb 26 · month-end close $1,758Mar 26 · month-end close $1,729Apr 26 · month-end close $1,793May 26 · month-end close $1,696Jun 26 · month-end close $1,697Jul 26 · month-end close $1,878Aug 26 · month-end close $1,936Sep 26 · month-end close $1,729Oct 26 · month-end close $1,625Nov 26 · month-end close $1,510

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

TipRanks data · computed Nov 9, 2026 · 94 ratings

Frequently asked questions

Where can I trade MELI perpetual futures?

MercadoLibre, Inc. (MELI) perpetual futures trade on 14 crypto venues, including Ourbit, XT.com, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MELI around the clock?

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

What is the funding rate on MELI perpetuals?

Right now the MELI perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 14 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MELI perp price compare to the MercadoLibre, Inc. stock?

The venue-median MELI perp mark is $1.5K versus a reference stock price of $1.5K, 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 MELI perpetual future?

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

What is MELIUSDT perpetual?

MELIUSDT is the symbol most crypto exchanges use for the MercadoLibre, Inc. perpetual settled in USDT (Tether). It tracks the MELI 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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