PerpEquitiesEquity · Technology
Cloudflare, Inc. (NET) perpetual futures
NET perpetual futures on 14 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NETUSDT.
Cloudflare provides a global cloud security platform with DDoS protection, firewalls, CDN, DNS and developer tools for diverse industries.
Price chart
Use the left and right arrow keys to inspect points on the chart.
Trading data
Perpetual market activity
15/15 live markets
Trading data
Perpetual market activity
Spot performance
Venue matrix
15 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 BingX | Trade | NET-USDT | Trading | $324.93 | -5.5% APR -0.00500% every 8h | +21.2 bps | $37K | $1.6M⚠ | $3.2K | USDT | - | |
 Deepcoin | Trade | NET/USDT | Trading | $324.91 | - | +14.8 bps | $15.4K | $464.2K | - | USDT | 25x | |
 HTX | Trade | NET/USDT | Trading | $325.37 | - | +55.6 bps | $224.7K | $365K | - | USDT | - | |
 XT.com | Trade | NET/USDT | Trading | $324.87 | +4.1% APR +0.00375% every 8h | +14.8 bps | $79.5K | $260.4K | $10.2M | USDT | 20x | |
 Binance | Trade | NET/USDT | Trading | $324.85 | 0.0% APR 0.000% every 8h | +14.8 bps | $35.3K | $137.5K | $390.4K | USDT | - | |
 LBank | Trade | NET/USDT | Trading | $324.84 | 0.0% APR 0.000% every 8h | +14.8 bps | $169.6K | $100.4K | - | USDT | 50x | |
 Ourbit | Trade | NET/USDT | Trading | $324.85 | 0.0% APR 0.000% every 8h | +8.0 bps | $30.8K | $92.3K | $158.7K | USDT | 20x | |
 Bitget | Trade | NET/USDT | Trading | $324.90 | 0.0% APR 0.000% every 8h | +6.8 bps | - | $91.4K | $240.7K | USDT | 20x | |
 Bitunix | Trade | NET/USDT | Trading | $324.82 | +0.6% APR +0.00059% every 8h | +15.1 bps | $67.5K | $77K | - | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:NET | Trading | $324.47 | +6.0% APR +0.00068% every 1h | +31.1 bps | $43.3K | $11.9K | $371K | USDC | 10x | |
 Bybit | Trade | NET/USDT | Trading | $324.70 | 0.0% APR 0.000% every 8h | +22.5 bps | $4.1K | $5.7K | $301.6K | USDT | 25x | |
 OKX | Trade | NET/USDT | Trading | $324.66 | 0.0% APR 0.000% every 8h | +6.2 bps | $13.5K | $5.4K | $174.2K | USDT | 20x | |
| Hyperliquid HIP-3 | Trade | para:NET | Trading | $323.59 | -82.0% APR -0.00936% every 1h | +43.0 bps | $85.2K | $1.1K | $143.2K | USDC | 10x | |
 Gate.io | Trade | NET/USDT | Trading | $324.40 | 0.0% APR 0.000% every 8h | +49.3 bps | $7.7K | $289 | $37.5K | USDT | 20x | |
 Crypto.com Exchange | Trade | NET/USD | Trading | $323.93 | +5.0% APR +0.00057% every 1h | +114.3 bps | $2.5K | $0 | $485.9 | USD | 50x |
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 |
|---|---|---|---|---|---|
| NETRobinhood | $326.14 | +0.24% | $8k | $196k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | NET/USDG ↗ | $326.14 | $8k | $78k |
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 · 8 of 14 venues absorb $10k · Typical cost: +31.6 bps – +40.9 bps
Too thin: Deepcoin, OKX, Gate.io, Bybit
No fresh book data: Crypto.com Exchange, Bitget
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
NETTightest spread
NETHighest volume
NETFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 4h ago
Company data
Company fundamentals
More metrics
Fundamental detail
Annual + quarterlyRefreshed 4h ago
Charts: revenue, profit, cash flow & valuation
Next catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6Company events
6Peer comparison
Similar listed perpsRevenue mix
PendingAnalysts
PendingOwnership
NET-PERPFilings
PendingTranscripts
PendingLatest updates
No recent updates available.FMP company data
Company intelligence
Updated: Sep 20, 2026, 06:36 PM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Matthew Prince
- Employees
- 5,156
- IPO date
- Sep 13, 2019
- Country
- US
- Exchange
- New York Stock Exchange
Rating factors
- Return on equityi
- 1
- Return on assetsi
- 1
- Debt to equityi
- 1
- Price to earningsi
- 1
- Price to booki
- 1
Company press releases
Congressional disclosures
House
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| ANNPX | 2.53% | 26.5M |
| VTI | 0.13% | 10.2M |
| AIO | 1.32% | 9.5M |
| VO | 0.93% | 6.9M |
| NCV | 1.71% | 6.8M |
| NFJ | 0.6% | 6.2M |
| NCZ | 1.78% | 5.4M |
| NIE | 0.98% | 5.2M |
| VXF | 1.16% | 3.7M |
| VUG | 0.28% | 3.6M |
| VWUAX | 1.37% | 2.6M |
| VOT | 2.19% | 2.5M |
Analyst track record
How the analysts covering NET have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 190 | 518 |
| Analysts | 40 | 50 |
| Buy / hold / sell | 143 / 42 / 5 | 318 / 176 / 24 |
| Upgrades / downgrades / initiations | 5 / 1 / 3 | 12 / 7 / 13 |
| Price targets hit / missed | 146 / 23 (86%) | 445 / 23 (95%) |
| Avg. return after a rating (TipRanks) | +30.5% | +140.2% |
| Best / worst call | +185.4% / -16.5% | +642.1% / -16.5% |
After buy calls on this stock: median 21-day move +4.4% vs S&P 500 +2.5% (n = 318)
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.
- Shrenik KothariRobert W. Baird100% hit rate on this stock · 20 targets measuredBuytarget $330Aug 6, 2026
- Matthew HedbergRBC Capital100% hit rate on this stock · 18 targets measuredBuytarget $346Aug 7, 2026
- Andrew NowinskiWells Fargo100% hit rate on this stock · 17 targets measuredBuytarget $270Jun 4, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 15, 2026 | Mark ShmulikBernstein | HoldMaintained | $164 | article ↗ |
| Sep 15, 2026 | Mark ShmulikBernstein | HoldMaintained | $164 | |
| Aug 27, 2026 | Adam BorgStifel Nicolaus | BuyMaintained | $370 | article ↗ |
| Aug 13, 2026 | Samik ChatterjeeJ.P. Morgan | HoldMaintained | – | article ↗ |
| Aug 11, 2026 | Gregg MoskowitzMizuho Securities | BuyMaintained | $375 | 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 18, 2026 · 190 ratings
Frequently asked questions
Where can I trade NET perpetual futures?
Cloudflare, Inc. (NET) perpetual futures trade on 14 crypto venues, including BingX, Deepcoin, HTX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade NET around the clock?
Yes. Unlike the underlying stock, NET perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on NET perpetuals?
Right now the NET perp funding rate is 0.0% annualized (venue median), ranging from -5.5% to +6.0% across 14 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the NET perp price compare to the Cloudflare, Inc. stock?
The venue-median NET perp mark is $324.8 versus a reference stock price of $325.4, 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 NET perpetual future?
A NET perpetual is a derivative that tracks the price of Cloudflare, Inc. with no expiry date. It lets you take long or short exposure to Cloudflare, Inc. on crypto venues, around the clock.
What is NETUSDT perpetual?
NETUSDT is the symbol most crypto exchanges use for the Cloudflare, Inc. perpetual settled in USDT (Tether). It tracks the NET share price through an index, trades 24/7 with leverage and never expires.
Embed this asset
<a href="https://perpequities.com/stocks/net-perp"><img src="https://perpequities.com/badge/net-perp.svg" width="240" height="64" alt="NET perpetuals · perpequities.com" loading="lazy"></a>