PerpEquitiesEquity · Consumer cyclical
PDD Holdings Inc. (PDD) perpetual futures
PDD perpetual futures on 15 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PDDUSDT.
PDD Holdings is a multinational commerce group founded in 2015, headquartered in Dublin, that operates a portfolio of businesses to bring more people and businesses into the digital economy.
Price chart
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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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 KuCoin | Trade | PDD/USDT | Trading | $78.35 | 0.0% APR 0.000% every 8h | +25.5 bps | $3K | $3.4M⚠ | $29.6K | USDT | 20x | |
 BingX | Trade | PDD-USDT | Trading | $78.27 | +5.5% APR +0.00500% every 8h | +28.1 bps | $127K | $1.2M⚠ | $7.1K | USDT | - | |
 XT.com | Trade | PDD/USDT | Trading | $78.26 | +11.0% APR +0.010% every 8h | +7.7 bps | $46.6K | $664.8K | $17.4M | USDT | 20x | |
 Binance | Trade | PDD/USDT | Trading | $78.27 | 0.0% APR 0.000% every 8h | +7.7 bps | $116.7K | $569.7K | $1.4M | USDT | - | |
 HTX | Trade | PDD/USDT | Trading | $78.07 | - | +89.4 bps | $196.8K | $359.5K | - | USDT | - | |
 Deepcoin | Trade | PDD/USDT | Trading | $78.28 | -11.0% APR -0.010% every 8h | +7.7 bps | $41.3K | $311.6K | - | USDT | 25x | |
 LBank | Trade | PDD/USDT | Trading | $78.26 | +45.7% APR +0.042% every 8h | +5.1 bps | $73.8K | $310.1K | - | USDT | 20x | |
 Ourbit | Trade | PDD/USDT | Trading | $78.26 | 0.0% APR 0.000% every 8h | +7.7 bps | $146.5K | $205.9K | $153.8K | USDT | 100x | |
 Bitget | Trade | PDD/USDT | Trading | $78.21 | -1.4% APR -0.00130% every 8h | +24.3 bps | $669.5K | $106.1K | $1.3M | USDT | 20x | |
 MEXC | Trade | PDD/USDT | Trading | $78.29 | 0.0% APR 0.000% every 8h | +51.1 bps | $79.7K | $83.3K | $543K | USDT | 100x | |
 Bitunix | Trade | PDD/USDT | Trading | $78.27 | +7.2% APR +0.00654% every 8h | +25.6 bps | $359.6K | $82.7K | - | USDT | 20x | |
 Bybit | Trade | PDD/USDT | Trading | $78.23 | 0.0% APR 0.000% every 8h | +30.7 bps | $20.6K | $34.1K | $314.2K | USDT | 25x | |
 Helix (Injective) | Trade | PDD/USDC | Trading | $78.08 | +3.6% APR +0.00042% every 1h | - | - | $33.3K | - | USDC | 12x | |
 Gate.io | Trade | PDD/USDT | Trading | $78.24 | 0.0% APR 0.000% every 8h | +8.9 bps | - | $21.3K | $631K | USDT | 20x | |
 Extended | Trade | PDD/USD | Trading | $78.11 | +4.4% APR +0.00050% every 1h | +630.1 bps | $0 | $0 | $3.1K | USD | 5x |
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 · 11 of 15 venues absorb $10k · Typical cost: +19.8 bps – +39.4 bps
Too thin: KuCoin
No fresh book data: Helix (Injective), Gate.io, Extended
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
PDDTightest spread
PDDHighest volume
PDDFunding 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
PDD-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: Sep 24, 2026, 10:59 PM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Chief executive
- Lei Chen
- Employees
- 25,474
- IPO date
- Jul 26, 2018
- Country
- IE
- Exchange
- NASDAQ
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 5
- Price to earningsi
- 4
- Price to booki
- 3
Company press releases
Congressional disclosures
House
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| QQQ | 0.22% | 13.8M |
| VXUS | 0.14% | 11.4M |
| VWO | 0.52% | 10.9M |
| IEMG | 0.29% | 5.9M |
| KWEB | 8.17% | 4.9M |
| VWIGX | 0.58% | 3.4M |
| CQQQ | 9.93% | 3.4M |
| QQQM | 0.22% | 3M |
| VEU | 0.15% | 1.8M |
| EIMI.L | 0.29% | 1.7M |
| AVEM | 0.45% | 1.6M |
| CTCE.L | 6.74% | 1.5M |
Analyst track record
How the analysts covering PDD have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 48 | 200 |
| Analysts | 20 | 30 |
| Buy / hold / sell | 28 / 19 / 1 | 147 / 51 / 2 |
| Upgrades / downgrades / initiations | 3 / 6 / 1 | 9 / 20 / 2 |
| Price targets hit / missed | 0 / 47 (0%) | 0 / 197 (0%) |
| Avg. return after a rating (TipRanks) | -37.6% | -47.1% |
| Best / worst call | -2.8% / -54.3% | -2.8% / -71.4% |
After buy calls on this stock: median 21-day move -0.3% vs S&P 500 -1.3% (n = 152)
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.
- Saiyi HeCMB International Securities45% hit rate on this stock · 11 targets measuredBuytarget $148Aug 25, 2026
- Thomas ChongJefferies38% hit rate on this stock · 8 targets measuredBuytarget $146Nov 19, 2025
- Eddy WangMorgan Stanley25% hit rate on this stock · 12 targets measuredBuytarget $129May 27, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 10, 2026 | Andre ChangJ.P. Morgan | HoldMaintained | $95.00 | article ↗ |
| Sep 7, 2026 | Shawn YangArete Research | HoldDowngraded | $93.00 | article ↗ |
| Aug 26, 2026 | Lei Yang CFACGS International | BuyReiterated | $114 | article ↗ |
| Aug 27, 2026 | Joyce JuBank of America Securities | HoldReiterated | $117 | article ↗ |
| Aug 25, 2026 | Jiong ShaoBarclays | HoldMaintained | $89.00 | 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 · 48 ratings
Frequently asked questions
Where can I trade PDD perpetual futures?
PDD Holdings Inc. (PDD) perpetual futures trade on 15 crypto venues, including KuCoin, BingX, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade PDD around the clock?
Yes. Unlike the underlying stock, PDD perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on PDD perpetuals?
Right now the PDD perp funding rate is 0.0% annualized (venue median), ranging from -11.0% to +45.7% across 15 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the PDD perp price compare to the PDD Holdings Inc. stock?
The venue-median PDD perp mark is $78.3 versus a reference stock price of $78.2, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a PDD perpetual future?
A PDD perpetual is a derivative that tracks the price of PDD Holdings Inc. with no expiry date. It lets you take long or short exposure to PDD Holdings Inc. on crypto venues, around the clock.
What is PDDUSDT perpetual?
PDDUSDT is the symbol most crypto exchanges use for the PDD Holdings Inc. perpetual settled in USDT (Tether). It tracks the PDD share price through an index, trades 24/7 with leverage and never expires.
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