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Equity · Consumer cyclical
Pop Mart International Group (POPMART) perpetual futures
POPMART perpetual futures on 15 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade POPMARTUSDT.
Pop Mart International Group Limited, established in 2010 and headquartered in Beijing, specializes in creating and selling collectible pop toys, blind boxes, and accessories through retail stores, roboshops, and online platforms.
$19.69+0.2%
Price chart
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Collecting venue price data...
venue perp mark · LBank (POPMART/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
$5.6MCoverage: 12/15 marketsExchange-reported volume: $8.2M
Open interest
$34.9MCoverage: 11/15 markets
Best liquidity
$753.1K
LBank
Tightest spread
+1.5 bps
Bitget
Highest volume
$2.9M
LBank
Settlement mix
USDT · 14/15
Perp/spot vol.
0.06x
Spot volume $92.1M
OI / float
+0.27%
Float $13B
Spot performance
1D+0.20%
5D-1.23%
1M+0.20%
6M-25.29%
YTD-18.49%
1Y-44.04%
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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 LBank | Trade | POPMART/USDT | Trading | $19.69 | 0.0% APR 0.000% every 4h | +5.1 bps | $753.1K | $2.9M | - | USDT | 25x | |
 BingX | Trade | POPMART-USDT | Trading | $19.68 | +11.0% APR +0.00500% every 4h | +35.6 bps | $59.7K | $1.3M⚠ | $1.9K | USDT | - | |
 Binance | Trade | POPMART/USDT | Trading | $19.68 | 0.0% APR 0.000% every 4h | +5.1 bps | $62.3K | $1.2M | $1.1M | USDT | - | |
 XT.com | Trade | POPMART/USDT | Trading | $19.66 | +11.0% APR +0.010% every 8h | +5.1 bps | $18.5K | $826.1K | $32.6M | USDT | 25x | |
 KuCoin | Trade | POPMART/USDT | Trading | $19.69 | +11.0% APR +0.00500% every 4h | +10.2 bps | $19.6K | $648K⚠ | $27.2K | USDT | 20x | |
 Ourbit | Trade | POPMART/USDT | Trading | $19.69 | 0.0% APR 0.000% every 4h | +5.1 bps | $185.1K | $624.9K⚠ | $157.9K | USDT | 20x | |
 OKX | Trade | POPMART/USDT | Trading | $19.66 | 0.0% APR 0.000% every 8h | +5.1 bps | $10.4K | $273.9K | $288.7K | USDT | 20x | |
 Bitget | Trade | POPMART/USDT | Trading | $19.75 | 0.0% APR 0.000% every 8h | +1.5 bps | - | $212.6K | $391.9K | USDT | 20x | |
 Bitunix | Trade | POPMART/USDT | Trading | $19.69 | -1.4% APR -0.00064% every 4h | +5.1 bps | $95.9K | $101.6K | - | USDT | 25x | |
 Deepcoin | Trade | POPMART/USDT | Trading | $19.67 | - | +5.1 bps | $90.4K | $89K | - | USDT | 25x | |
 Gate.io | Trade | POPMART/USDT | Trading | $19.70 | 0.0% APR 0.000% every 8h | +23.9 bps | $6K | $14K | $273.9K | USDT | 20x | |
 Bybit | Trade | POPMART/USDT | Trading | $19.73 | 0.0% APR 0.000% every 8h | +45.7 bps | $10.1K | $5.9K | $57.7K | USDT | 25x | |
 HTX | Trade | POPMART/USDT | Trading | $19.69 | - | +71.0 bps | $2.4K | $2.1K | - | USDT | - | |
 Aster | Trade | POPMARTUSDT | Trading | $19.68 | 0.0% APR 0.000% every 8h | +127.0 bps | $51.4K | $9.8 | $17K | USDT | - | |
 Crypto.com Exchange | Trade | POPMART/USD | Trading | $19.98 | -74.5% APR -0.00851% every 1h | +15.2 bps | $4.7K | $0 | $149.9 | USD | 50x |
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 · 9 of 15 venues absorb $10k · Typical cost: +27.7 bps – +70.4 bps
Cheapest execution: Ourbit · +19.0 bps
Too thin: KuCoin, Gate.io, Crypto.com Exchange, HTX
No fresh book data: Aster, Bitget
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
POPMARTTightest spread
POPMARTHighest volume
POPMARTFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 3h ago
Company data
Company fundamentals
Market cap
$25.8B
Updated 3h ago
Revenue
$5.9B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+32.8%
P/E
13.4
Peer P/E 10.2
Free cash flow
$1.5B
Trailing 12 months
More metrics
Net income
$1.9B
Trailing 12 months
P/S
4.4
Peer P/E
10.2
Similar listed perps
Revenue estimate
$5.6B
Next fiscal year
Earnings
2027-03-31
Revenue est. $2.7B · Updated 3h ago
Dividend
$2.725
2026-05-15
Fundamental detail
Annual + quarterlyLatest revenue$5.4B
Net margin+34.4%
Free cash flow$1.4B
Net debt-$1.6B
PeriodRevenueGrowthNet incomeFCF
2020$373.6M+49%$77.8M$67.4M
2021$667.5M+79%$127M$66.1M
2022$686.3M+3%$70.7M$83.8M
2023$936.5M+36%$160.9M$239M
2024$1.9B+107%$464.5M$674.4M
2025$5.4B+177%$1.8B$1.4B
PeriodGross marginOperating marginNet marginROEROA
2020+63.4%+28.6%+20.8%+8.5%+7.5%
2021+61.4%+25.6%+19.0%+12.5%+10.3%
2022+57.5%+12.6%+10.3%+6.8%+5.5%
2023+61.3%+19.5%+17.2%+13.9%+10.9%
2024+66.8%+31.9%+24.0%+29.3%+21.0%
2025+72.1%+45.5%+34.4%+55.8%+38.8%
PeriodCashDebtNet debtCurrent ratio
2020$844.3M$43.4M-$800.9M9.40
2021$782.5M$92.4M-$690.1M6.18
2022$101.9M$110.2M$8.3M5.85
2023$308.8M$117.8M-$191M4.43
2024$908M$143.4M-$764.6M3.63
2025$2B$425.5M-$1.6B3.48
PeriodMarket capEnterprise valueP/SP/E
2020$12.2B$11.4B32.5155.5
2021$7.5B$6.8B11.258.7
2022$3.5B$3.5B5.150.0
2023$3.6B$3.4B3.822.3
2024$16.6B$15.8B8.635.7
2025$33.3B$31.7B6.218.0
PeriodRevenueGrowthNet incomeFCF
Q4 2022$335.7M-17%$21.2M$47.5M
Q2 2023$418.2M+19%$70.8M$136.4M
Q4 2023$518.3M+54%$90M$100M
Q2 2024$677.4M+62%$136.9M$259.9M
Q4 2024$1.3B+143%$327.6M$412.4M
Q2 2025$2.1B+204%$679.9M$816M
Q4 2025$3.4B+170%$1.2B$647.4M
Q2 2026$2.5B+22%$738.5M-
PeriodGross marginOperating marginNet marginROEROA
Q4 2022+56.9%+4.0%+6.3%+2.1%+1.7%
Q2 2023+60.4%+18.9%+16.9%+6.5%+5.3%
Q4 2023+62.1%+19.9%+17.4%+7.8%+6.1%
Q2 2024+64.0%+24.7%+20.2%+11.0%+8.4%
Q4 2024+68.3%+35.7%+26.0%+20.6%+14.8%
Q2 2025+70.3%+43.6%+33.0%+32.3%+21.4%
Q4 2025+73.2%+47.8%+35.3%+36.2%+25.1%
Q2 2026+69.7%+41.2%+29.3%+21.6%+16.0%
PeriodCashDebtNet debtCurrent ratio
Q4 2022$101.9M$110.2M$8.3M5.85
Q2 2023$219M$100.8M-$118.2M5.26
Q4 2023$308.8M$117.8M-$191M4.43
Q2 2024$536.4M$122.2M-$414.2M4.21
Q4 2024$908M$143.4M-$764.6M3.63
Q2 2025$1.8B$209.7M-$1.6B3.01
Q4 2025$2B$425.5M-$1.6B3.48
Q2 2026$1.8B$553.9M-$1.3B4.73
PeriodMarket capEnterprise valueP/SP/E
Q4 2022$3.5B$3.5B10.541.5
Q2 2023$3.2B$3.1B7.711.2
Q4 2023$3.6B$3.4B6.99.8
Q2 2024$6.7B$6.3B9.912.3
Q4 2024$16.6B$15.9B13.212.7
Q2 2025$48.2B$46.7B23.417.7
Q4 2025$33.7B$32B9.97.0
Q2 2026$26.4B$25.1B10.58.9
Historical value series
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Refreshed 3h ago
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-03-31
Revenue est. $2.7B · Updated 3h ago
Dividend
$2.725
2026-05-15
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
Hong Kong Stock Exchange
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.44$5.6B+4%15
FY 20279.97$6.3B+18%17
FY 202811.34$7.1B+32%15
FY 202917.05$11.5B+114%9
FY 203018.52$12.9B+139%6
Q2 20260.00$1.3B-39%0
Company events
62027-03-31EarningsActual - / Estimate 4.84-
2026-08-20EarningsActual 4.37 / Estimate 5.05Miss
2026-05-15Dividend$2.725-
2026-03-25EarningsActual 6.91 / Estimate 7.7Miss
2025-08-19EarningsActual 3.74 / Estimate 3.45Beat
2025-05-29Dividend$0.888-
Peer comparison
Similar listed perpsAnalysts
PendingNo analyst data available yet.
Ownership
POPMART-PERPOwnership data is being populated.
Transcripts
PendingNo transcripts available yet.
Latest updates
Not coveredNot covered
FMP company data
Company intelligence
Updated: Sep 10, 2026, 08:39 PM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Consumer Cyclical
- Industry
- Leisure
- Chief executive
- Ning Wang
- Employees
- 12,056
- IPO date
- Dec 11, 2020
- Country
- CN
- Exchange
- Hong Kong Stock Exchange
Altman Z-scorei20.3
Piotroski scorei7/9
FMP ratingiA
Owner earningsiCN¥7.23BCN¥5.39 per share
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 4
- Price to earningsi
- 3
- Price to booki
- 1
Market cap history
2026-06-10 – 2026-09-10Latest: HK$202.48BHigh: HK$232.46BLow: HK$202.48B
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VXUS | 0.03% | 10M |
| VWO | 0.12% | 9.5M |
| IEMG | 0.07% | 5.8M |
| JYV | 1.29% | 3.2M |
| AVEM | 0.17% | 2.4M |
| FXI | 1.1% | 2.4M |
| EIMI.L | 0.07% | 1.8M |
| VEU | 0.03% | 1.6M |
| EEM | 0.08% | 1.3M |
| MCHI | 0.39% | 1.2M |
| SPEM | 0.14% | 1.2M |
| 3416.HK | 0.84% | 1.2M |
Analyst track record
How the analysts covering POPMART have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 0 | 0 |
| Analysts | 0 | 0 |
| Buy / hold / sell | – | – |
| Upgrades / downgrades / initiations | 0 / 0 / 0 | 0 / 0 / 0 |
| Price targets hit / missed | – | – |
| Avg. return after a rating (TipRanks) | – | – |
| Best / worst call | – / – | – / – |
After buy calls on this stock: not enough measured cases yet
TipRanks data via FMP · computed Sep 11, 2026 · 0 ratings
Frequently asked questions
Where can I trade POPMART perpetual futures?
Pop Mart International Group (POPMART) perpetual futures trade on 15 crypto venues, including LBank, BingX, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade POPMART around the clock?
Yes. Unlike the underlying stock, POPMART perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on POPMART perpetuals?
Right now the POPMART perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 15 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the POPMART perp price compare to the Pop Mart International Group stock?
The venue-median POPMART perp mark is $19.7 versus a reference stock price of $19.7, 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 POPMART perpetual future?
A POPMART perpetual is a derivative that tracks the price of Pop Mart International Group with no expiry date. It lets you take long or short exposure to Pop Mart International Group on crypto venues, around the clock.
What is POPMARTUSDT perpetual?
POPMARTUSDT is the symbol most crypto exchanges use for the Pop Mart International Group perpetual settled in USDT (Tether). It tracks the POPMART share price through an index, trades 24/7 with leverage and never expires.
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