PerpEquitiesEquity · Technology
Palo Alto Networks, Inc. (PANW) perpetual futures
PANW perpetual futures on 14 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PANWUSDT.
Palo Alto Networks provides advanced cybersecurity solutions, including hardware/software firewalls, Panorama management, and various subscription services for enterprises and governments.
Price chart
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Trading data
Perpetual market activity
14/14 live markets
Trading data
Perpetual market activity
Spot performance
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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | PANW/USDT | Trading | $399.00 | 0.0% APR 0.000% every 8h | +3.0 bps | - | $1.5M | $818.3K | USDT | - | |
 Bybit | Trade | PANW/USDT | Trading | $398.88 | 0.0% APR 0.000% every 8h | +6.8 bps | $50.2K | $831.1K | $349.6K | USDT | 25x | |
 MEXC | Trade | PANW/USDT | Trading | $399.18 | 0.0% APR 0.000% every 8h | +8.8 bps | $21.7K | $111.7K | $1.6M | USDT | 50x | |
 Bitunix | Trade | PANW/USDT | Trading | $399.33 | +3.8% APR +0.00349% every 8h | +17.0 bps | $597.7K | $104.2K | $54.3K | USDT | 25x | |
 Helix (Injective) | Trade | PANW/USDC | Trading | $398.84 | +24.1% APR +0.00275% every 1h | +738.5 bps | $0 | $73.4K | - | USDC | 12x | |
 XT.com | Trade | PANW/USDT | Trading | $399.00 | +11.0% APR +0.010% every 8h | +7.5 bps | $13.9K | $72.8K | $5.4M | USDT | 25x | |
 HTX | Trade | PANW/USDT | Trading | $399.00 | - | +284.5 bps | $0 | $57K | - | USDT | - | |
 Bitget | Trade | PANW/USDT | Trading | $399.25 | 0.0% APR 0.000% every 8h | +4.5 bps | $1.2M | $43.5K | $268.9K | USDT | 20x | |
 Gate.io | Trade | PANW/USDT | Trading | $398.53 | 0.0% APR 0.000% every 8h | +5.5 bps | - | $14.8K | $172.6K | USDT | 20x | |
 Crypto.com Exchange | Trade | PANW/USD | Trading | $398.48 | +33.8% APR +0.00386% every 1h | +14.8 bps | $8.4K | $6.8K | $773.1 | USD | 50x | |
 Deepcoin | Trade | PANW/USDT | Trading | $399.11 | -11.0% APR -0.010% every 8h | +3.0 bps | $26.4K | $6M | - | USDT | 25x | |
 BingX | Trade | PANW-USDT | Trading | $399.28 | +5.5% APR +0.00500% every 8h | +24.5 bps | $142.2K | $1.2M⚠ | $3.8K | USDT | - | |
 Ourbit | Trade | PANW/USDT | Trading | $399.11 | 0.0% APR 0.000% every 8h | +9.0 bps | - | $821.6K⚠ | $109.7K | USDT | 50x | |
 LBank | Trade | PANW/USDT | Trading | $399.12 | 0.0% APR 0.000% every 8h | +4.8 bps | $624.9K | $570.2K⚠ | $121.4K | 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 |
|---|---|---|---|---|---|
| PANWonOndo GM | $397.48 | -0.44% | $585k | $3.2M | Ethereum · BNB Smart Chain (BEP20) · Solana |
| PANWRobinhood | – | – | – | $11k | Robinhood Chain |
| PANWXxStocks | $396.42 | -0.71% | – | $207k | Ethereum |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kAdequate liquidity · 7 of 14 venues absorb $10k · Typical cost: +16.5 bps – +31.9 bps
Cheapest execution: LBank · +10.4 bps
Too thin: Deepcoin, MEXC, Crypto.com Exchange
No fresh book data: Ourbit, Helix (Injective), HTX, Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
PANWTightest spread
PANWHighest volume
PANWFunding 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
PANW-PERPFilings
PendingTranscripts
PendingCompany 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: Oct 2, 2026, 10:27 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Nikesh Arora
- Employees
- 21,921
- IPO date
- Jul 20, 2012
- Country
- US
- Exchange
- NASDAQ Global Select
Rating factors
- Return on equityi
- 2
- Return on assetsi
- 3
- Debt to equityi
- 2
- Price to earningsi
- 1
- Price to booki
- 1
Company press releases
Congressional disclosures
Senate
House
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.42% | 25.9M |
| VOO | 0.47% | 21.5M |
| QQQ | 1.27% | 17M |
| IVV | 0.48% | 10.8M |
| 1657.T | 0.37% | 10.8M |
| XAW.TO | 0.28% | 10.8M |
| 1557.T | 0.48% | 10M |
| SPY | 0.46% | 10M |
| FXAIX | 0.42% | 8.9M |
| VUG | 0.86% | 8.6M |
| S5SD.L | 0.79% | 6.6M |
| XLK | 1.73% | 5.9M |
Analyst track record
How the analysts covering PANW have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 263 | 802 |
| Analysts | 51 | 67 |
| Buy / hold / sell | 237 / 25 / 1 | 690 / 105 / 7 |
| Upgrades / downgrades / initiations | 5 / 3 / 5 | 11 / 13 / 16 |
| Price targets hit / missed | 194 / 52 (79%) | 703 / 53 (93%) |
| Avg. return after a rating (TipRanks) | +43.3% | +78.1% |
| Best / worst call | +152.4% / -20.8% | +204.8% / -20.8% |
After buy calls on this stock: median 21-day move +4.0% vs S&P 500 +2.7% (n = 708)
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.
- Saket KaliaBarclays100% hit rate on this stock · 21 targets measuredBuytarget $375Sep 2, 2026
- Gabriela BorgesGoldman Sachs100% hit rate on this stock · 10 targets measuredBuytarget $390Sep 2, 2026
- Fatima BoolaniCiti93% hit rate on this stock · 14 targets measuredBuytarget $410Sep 3, 2026
Latest ratings
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Oct 2, 2026 · 263 ratings
Frequently asked questions
Where can I trade PANW perpetual futures?
Palo Alto Networks, Inc. (PANW) perpetual futures trade on 14 crypto venues, including Deepcoin, Binance, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade PANW around the clock?
Yes. Unlike the underlying stock, PANW perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on PANW perpetuals?
Right now the PANW perp funding rate is 0.0% annualized (venue median), ranging from -11.0% to +33.8% across 14 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the PANW perp price compare to the Palo Alto Networks, Inc. stock?
The venue-median PANW perp mark is $399.1 versus a reference stock price of $399.3, 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 PANW perpetual future?
A PANW perpetual is a derivative that tracks the price of Palo Alto Networks, Inc. with no expiry date. It lets you take long or short exposure to Palo Alto Networks, Inc. on crypto venues, around the clock.
What is PANWUSDT perpetual?
PANWUSDT is the symbol most crypto exchanges use for the Palo Alto Networks, Inc. perpetual settled in USDT (Tether). It tracks the PANW share price through an index, trades 24/7 with leverage and never expires.
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