PerpEquities

ETF

Roundhill Neocloud ETF (NCLD) perpetual futures

NCLD perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NCLDUSDT.

Roundhill Neocloud ETF tracked across crypto venues with normalized contract specifications.

$24.77-3.0%NASDAQ closed
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Price chart

 

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Collecting venue price data...
venue perp mark · BingX (NCLD-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$515.6KCoverage: 2/3 marketsExchange-reported volume: $1.7M
Open interest
$1.2M
Best liquidity
$199.6K
Hyperliquid HIP-3
Tightest spread
+4.0 bps
Bybit
Highest volume
$403.1K
Hyperliquid HIP-3
Settlement mix
USDT · 2/3
Perp/spot vol.
0.04x
Spot volume $12.5M
OI / float
-
Spot performance
1D-2.98%
5D+0.08%
1M+4.35%
6M+2.95%
YTD+2.95%
1Y+2.95%

Venue matrix

3 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
Hyperliquid HIP-3Tradexyz:NCLDTrading$24.77-123.0% APR
-0.014% every 1h
+44.5 bps$199.6K$403.1K$938.6KUSDC10x
BybitTradeNCLD/USDTTrading$24.800.0% APR
0.000% every 8h
+4.0 bps$6.6K$112.6K$213.3KUSDT25x
BingXTradeNCLD-USDTTrading$24.80-5.5% APR
-0.00500% every 8h
+8.1 bps$7.5K$1.2M⚠$2.2KUSDT-

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

Thin liquidity · 2 of 3 venues absorb $10k · Typical cost: +47.6 bps – +86.5 bps

Cheapest execution: Hyperliquid HIP-3 · +28.1 bps

Too thin: Bybit

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

Best venues for this underlying

Funding history

Stored venue snapshots by market

ETF data

Roundhill Neocloud ETF

NCLD
Assets under management$101.16M
Expense ratio0.65%
Net asset value$24.44
Holdings17
InceptionAug 6, 2026
Complex ETF exposure: SyntheticThis fund uses leveraged or synthetic exposure. Reported positions can include derivatives, swaps or collateral and are not a complete look-through of the economic exposure.

Top reported holdings

  1. 1NCLDCash & Other-41.73%
  2. 2912797UJ4United States Treasury Bill 10/08/202633.18%
  3. 3N97284108 TRS 090927 NMNebius Group N.V. SWAP NM11.72%
  4. 4NBISNebius Group NV11.01%
  5. 5N97284108 TRS 090827 GSNEBIUS GROUP N.V.-SWAP-GOLD-L10.64%
  6. 621873S108 TRS 090927 NMCoreWeave, Inc. SWAP NM8.77%
  7. 7FGXXXFirst American Government Obligations Fund 12/01/20318.5%
  8. 8CRWVCoreWeave Inc8.47%
  9. 921873S108 TRS 090827 GSCOREWEAVE, INC.-SWAP-GOLD-L8.43%
  10. 10IRENIREN Ltd8.18%

Sector allocation

  • Financial Services49.4%
  • Technology35.5%
  • Communication Services15.1%

Country allocation

  • United States76.5%
  • Netherlands10.5%
  • Australia8.7%
  • Other4.4%
Provider updated: Sep 27, 2026, 09:42 AM UTCFetched: Sep 27, 2026, 12:25 PM UTCSource: FMP

Next catalyst

Catalysts

No unusual perp activity right now.

Frequently asked questions

Where can I trade NCLD perpetual futures?

Roundhill Neocloud ETF (NCLD) perpetual futures trade on 3 crypto venues, including BingX, Hyperliquid HIP-3, Bybit. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NCLD around the clock?

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

What is the funding rate on NCLD perpetuals?

Right now the NCLD perp funding rate is -5.5% annualized (venue median), ranging from -123.0% to 0.0% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

What is a NCLD perpetual future?

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

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