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Novo Nordisk A/S (NVO) perpetual futures
NVO perpetual futures on 15 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NVOUSDT.
Global pharmaceutical firm researching, developing, manufacturing and selling medicines, plus devices like insulin pens, across several regions.
$38.45-0.2%NYSE closed
Price chart
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Collecting venue price data...
venue perp mark · KuCoin (NVO/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
15/15 live markets
Trading data
Perpetual market activity
Venues
15
Live markets
15/15
24h volume
$3.2MCoverage: 12/15 marketsExchange-reported volume: $6.4M
Open interest
$75.4MCoverage: 10/15 markets
Best liquidity
$832.7K
Bitunix
Tightest spread
+2.6 bps
XT.com
Highest volume
$891K
Binance
Settlement mix
USDT · 14/15
Perp/spot vol.
0.01x
Spot volume $434.8M
OI / float
+0.06%
Float $122B
Spot performance
1D-0.23%
5D-0.49%
1M-15.13%
6M+7.41%
YTD-23.92%
1Y-30.25%
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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | NVO/USDT | Trading | $38.44 | +24.9% APR +0.023% every 8h | +5.2 bps | $196K | $891K | $2.8M | USDT | - | |
 XT.com | Trade | NVO/USDT | Trading | $38.48 | +11.0% APR +0.010% every 8h | +2.6 bps | $22.4K | $837.2K | $68.8M | USDT | 20x | |
 LBank | Trade | NVO/USDT | Trading | $38.44 | +24.9% APR +0.023% every 8h | +5.2 bps | $207.7K | $518K | - | USDT | 50x | |
 Deepcoin | Trade | NVO/USDT | Trading | $38.45 | - | +5.2 bps | $117K | $438.1K | - | USDT | 25x | |
 Gate.io | Trade | NVO/USDT | Trading | $38.47 | 0.0% APR 0.000% every 8h | +7.8 bps | - | $143.7K | $1M | USDT | 20x | |
 MEXC | Trade | NVO/USDT | Trading | $38.40 | +24.7% APR +0.023% every 8h | +18.2 bps | $200.2K | $105.6K | $1.7M | USDT | 50x | |
 GRVT | Trade | NVO/USDT | Trading | $38.45 | +53.0% APR +0.048% every 8h | +10.4 bps | $166.4K | $104.5K | $378.7 | USDT | - | |
 Bitunix | Trade | NVO/USDT | Trading | $38.45 | +24.4% APR +0.022% every 8h | +2.6 bps | $832.7K | $94.5K | - | USDT | 50x | |
 Bybit | Trade | NVO/USDT | Trading | $38.45 | 0.0% APR 0.000% every 8h | +7.8 bps | $16.8K | $66.2K | $900.7K | USDT | 25x | |
 Helix (Injective) | Trade | NVO/USDC | Trading | $38.35 | +24.1% APR +0.00275% every 1h | - | - | $14K | - | USDC | 12x | |
 HTX | Trade | NVO/USDT | Trading | $38.57 | - | +163.3 bps | $362.1 | $2.4K | - | USDT | - | |
 Aster | Trade | NVOUSDT | Trading | $38.41 | 0.0% APR 0.000% every 8h | +119.6 bps | $69.9K | $1.2K | $1.5K | USDT | - | |
 KuCoin | Trade | NVO/USDT | Trading | $38.54 | +3.2% APR +0.00290% every 8h | +10.4 bps | $4.4K | $1.3M⚠ | $116.1K | USDT | 10x | |
 BingX | Trade | NVO-USDT | Trading | $38.45 | +23.2% APR +0.021% every 8h | +10.4 bps | $240.4K | $1.2M⚠ | $3.8K | USDT | - | |
 Ourbit | Trade | NVO/USDT | Trading | $38.44 | +24.7% APR +0.023% every 8h | +7.8 bps | $468.9K | $649.5K⚠ | $108.3K | USDT | 50x |
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 |
|---|---|---|---|---|---|
| NVOonOndo GM | $39.54 | +2.84% | $1.6M | $2.1M | Ethereum · BNB Smart Chain (BEP20) · Solana |
| NVOXxStocks | $38.86 | +1.07% | $337 | $481k | Solana · Arbitrum · BNB Smart Chain (BEP20) · Ink |
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 · 10 of 15 venues absorb $10k · Typical cost: +13.7 bps – +39.7 bps
Too thin: KuCoin
No fresh book data: Aster, HTX, Gate.io, Helix (Injective)
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
NVOTightest spread
NVOHighest volume
NVOFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 50m ago
Company data
Company fundamentals
Market cap
$171.9B
Updated 50m ago
Revenue
$50.1B
Trailing 12 months
Revenue growth
-2%
Next fiscal year
Profit margin
+35.3%
P/E
9.6
Peer P/E 21.8
Free cash flow
$7.4B
Trailing 12 months
More metrics
Net income
$17.7B
Trailing 12 months
P/S
3.4
Peer P/E
21.8
Similar listed perps
Revenue estimate
$46.1B
Next fiscal year
Earnings
2026-11-04
Revenue est. $11.2B · Updated 50m ago
Dividend
$0.579
2026-08-17
Fundamental detail
Annual + quarterlyLatest revenue$47B
Net margin+33.1%
Free cash flow$4.4B
Net debt$15.9B
PeriodRevenueGrowthNet incomeFCF
2020$19.3B+4%$6.4B$4.5B
2021$21.4B+11%$7.3B$7.2B
2022$26.9B+26%$8.4B$9.8B
2023$35.3B+31%$12.7B$10.7B
2024$44.2B+25%$15.4B$10.6B
2025$47B+6%$15.6B$4.4B
PeriodGross marginOperating marginNet marginROEROA
2020+83.5%+42.6%+33.2%+404.8%+176.9%
2021+83.2%+41.7%+33.9%+67.5%+24.6%
2022+83.9%+42.3%+31.4%+66.5%+23.0%
2023+84.6%+44.2%+36.0%+78.5%+26.6%
2024+84.7%+44.2%+34.8%+70.4%+21.7%
2025+81.0%+41.3%+33.1%+52.8%+18.9%
PeriodCashDebtNet debtCurrent ratio
2020$319.1M$259M-$60.1M0.94
2021$1.6B$4.1B$2.4B0.86
2022$1.9B$3.9B$2B0.89
2023$2.2B$4.1B$1.9B0.82
2024$2.4B$15.6B$13.3B0.74
2025$4B$19.9B$15.9B0.80
PeriodMarket capEnterprise valueP/SP/E
2020$151.1B$151B7.823.6
2021$255.9B$258.3B11.935.2
2022$324B$326B12.038.3
2023$470.3B$472.2B13.336.9
2024$419.9B$433.2B9.527.3
2025$219B$234.9B4.714.0
PeriodRevenueGrowthNet incomeFCF
Q3 2024$10.9B+21%$4.2B$4.8B
Q4 2024$13B+30%$4.3B-$647.8M
Q1 2025$11.9B+19%$4.4B$1.5B
Q2 2025$11.7B+13%$4B$3.7B
Q3 2025$11.4B+5%$3B$4.7B
Q4 2025$12B-8%$4.1B-$5.5B
Q1 2026$14.7B+24%$7.4B$1.8B
Q2 2026$11.9B+2%$3.2B$6.5B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+84.1%+47.4%+38.3%+22.7%+6.9%
Q4 2024+84.8%+42.9%+32.9%+19.7%+6.1%
Q1 2025+83.5%+49.7%+37.2%+21.0%+5.9%
Q2 2025+83.3%+43.5%+34.5%+15.8%+5.5%
Q3 2025+76.1%+31.6%+26.7%+11.8%+3.9%
Q4 2025+80.9%+40.1%+34.0%+13.9%+5.0%
Q1 2026+86.0%+61.6%+50.2%+23.9%+8.7%
Q2 2026+78.2%+34.5%+26.7%+9.5%+3.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$8.7B$8.7B-$7M0.94
Q4 2024$2.4B$15.6B$13.3B0.74
Q1 2025$5.9B$18.1B$12.1B0.74
Q2 2025$2.8B$15.1B$12.3B0.78
Q3 2025$4.9B$15.4B$10.5B0.78
Q4 2025$4B$19.9B$15.9B0.80
Q1 2026$3.2B$22.3B$19.1B0.79
Q2 2026$6.8B$21.3B$14.6B0.87
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$540.2B$540.2B49.832.5
Q4 2024$419.9B$433.1B32.224.4
Q1 2025$323.6B$335.7B27.218.3
Q2 2025$295.6B$307.9B25.318.3
Q3 2025$238.8B$249.3B20.919.6
Q4 2025$219B$234.9B18.213.3
Q1 2026$160.6B$179.7B10.95.4
Q2 2026$211.4B$225.9B17.716.5
Refreshed 50m 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
2026-11-04
Revenue est. $11.2B · Updated 50m ago
Dividend
$0.579
2026-08-17
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
New York Stock Exchange
After-hours reference
Bid38.37
Ask38.4
Volume222,598
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202622.38$46.1B-2%7
FY 202722.05$46.8B-1%7
FY 202823.99$49.6B+5%4
FY 202927.47$53.5B+14%2
FY 203028.43$55.5B+18%4
Q3 20265.01$11.2B-2%4
Company events
62026-11-04EarningsActual - / Estimate 0.76-
2026-08-17Dividend$0.579-
2026-08-05EarningsActual 0.96 / Estimate 0.82Beat
2026-05-06EarningsActual 1.04 / Estimate 0.87Beat
2026-03-30Dividend$1.217-
2026-02-03EarningsActual 1 / Estimate 0.9Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
NVO-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, 12:18 PM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Healthcare
- Industry
- Drug Manufacturers - General
- Chief executive
- Maziar Mike Doustdar
- Employees
- 68,794
- IPO date
- Apr 30, 1981
- Country
- DK
- Exchange
- New York Stock Exchange
Altman Z-scorei3.69
Piotroski scorei6/9
FMP ratingiA-
Owner earningsiDKK 43.10BDKK 9.72 per share
ESG risk ratingiB-Industry rank: 28 out of 28
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 2
- Price to earningsi
- 2
- Price to booki
- 1
Company press releases
Novo Resources Releases Updated Corporate PresentationGlobeNewsWireOrbis Medicines Enters Multi-Target Drug Discovery Partnership with Novo Nordisk Worth up to USD 1.4 BillionBusiness WireNovo Resources Releases Updated Corporate PresentationGlobeNewsWireCrux Collaborates with Novo Nordisk to Offer Access to Wegovy® and Other Obesity Management MedicationsBusiness WireNovo Resources Releases Updated Corporate PresentationGlobeNewsWireNovo Nordisk A/S: IT Security incident at Novo NordiskGlobeNewsWire
Congressional disclosures
Senate
Thomas Hawley TubervilleSale (Full) · $15,001 - $50,000Disclosed: Feb 14, 2024Tommy TubervilleSale (Full) · $15,001 - $50,000Disclosed: Feb 14, 2024Thomas Richard CarperPurchase · $1,001 - $15,000Disclosed: May 17, 2021Thomas R. CarperPurchase · $1,001 - $15,000Disclosed: May 17, 2021Shelley Moore CapitoSale (Full) · $1,001 - $15,000Disclosed: Apr 17, 2019
House
Kevin HernSale · $1,001 - $15,000Disclosed: Sep 28, 2026Kevin HernSale (Full) · $1,001 - $15,000Disclosed: Sep 25, 2026Kevin HernSale (Partial) · $1,001 - $15,000Disclosed: Sep 25, 2026Scott Mr FranklinPurchase · $1,001 - $15,000Disclosed: Sep 18, 2026Scott FranklinPurchase · $1,001 - $15,000Disclosed: Sep 18, 2026
Market cap history
$170.39B-20.7%Jun 26 – Sep 26
Latest: $170.39B · 2026-09-28High: $220.66B · 2026-07-27Low: $170.39B · 2026-09-28
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| PPH | 5.62% | 1.5M |
| AVDE | 0.27% | 1.3M |
| WCMI | 1.49% | 804.2K |
| PID | 2.02% | 444.9K |
| RODM | 0.69% | 291.1K |
| AVIV | 0.54% | 290.4K |
| LIFE.TO | 3.85% | 245.2K |
| APIE | 0.68% | 203.2K |
| OZEM | 11.23% | 168.7K |
| AQEC | 0.6% | 93.7K |
| NVOH | 95.4% | 89.5K |
| AVDEX | 0.35% | 81K |
Analyst track record
How the analysts covering NVO have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 58 | 171 |
| Analysts | 12 | 24 |
| Buy / hold / sell | 13 / 42 / 3 | 99 / 65 / 7 |
| Upgrades / downgrades / initiations | 2 / 9 / 0 | 6 / 15 / 7 |
| Price targets hit / missed | 0 / 50 (0%) | 0 / 139 (0%) |
| Avg. return after a rating (TipRanks) | -21.4% | -47.9% |
| Best / worst call | -3.5% / -44.8% | -3.5% / -82.0% |
After buy calls on this stock: median 21-day move +2.3% vs S&P 500 +0.1% (n = 100)
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.
- Sachin JainBank of America Securities36% hit rate on this stock · 11 targets measuredHoldtarget $57.81Oct 9, 2025
- Michael NedelcovychTD Cowen13% hit rate on this stock · 15 targets measuredHoldtarget $42.00Sep 22, 2026
- Evan SeigermanBMO Capital0% hit rate on this stock · 19 targets measuredHoldtarget $47.00Sep 21, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 22, 2026 | Michael NedelcovychTD Cowen | HoldMaintained | $42.00 | article ↗ |
| Sep 22, 2026 | Michael NedelcovychTD Cowen | HoldMaintained | $42.00 | |
| Sep 22, 2026 | Unknown AnalystJefferies | HoldMaintained | $42.20 | article ↗ |
| Sep 21, 2026 | Evan SeigermanBMO Capital | HoldMaintained | $47.00 | article ↗ |
| Sep 22, 2026 | Unknown AnalystJefferies | HoldMaintained | $42.20 |
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 · 58 ratings
Frequently asked questions
Where can I trade NVO perpetual futures?
Novo Nordisk A/S (NVO) perpetual futures trade on 15 crypto venues, including KuCoin, BingX, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade NVO around the clock?
Yes. Unlike the underlying stock, NVO perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on NVO perpetuals?
Right now the NVO perp funding rate is +24.1% annualized (venue median), ranging from 0.0% to +53.0% across 15 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the NVO perp price compare to the Novo Nordisk A/S stock?
The venue-median NVO perp mark is $38.5 versus a reference stock price of $38.5, 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 NVO perpetual future?
A NVO perpetual is a derivative that tracks the price of Novo Nordisk A/S with no expiry date. It lets you take long or short exposure to Novo Nordisk A/S on crypto venues, around the clock.
What is NVOUSDT perpetual?
NVOUSDT is the symbol most crypto exchanges use for the Novo Nordisk A/S perpetual settled in USDT (Tether). It tracks the NVO share price through an index, trades 24/7 with leverage and never expires.
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