PerpEquities

Equity · Technology

Quantinuum Inc. (QNT) perpetual futures

QNT perpetual futures on 16 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade QNTUSDT.

Quantinuum Inc. develops and manufactures quantum computing hardware and software, offering an integrated platform for real-world applications.

$47.06-2.9%NASDAQ closed
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Collecting venue price data...
venue perp mark · Binance (QNTX/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

16/17 live markets
Venues
17
Live markets
16/17
24h volume
$4.9MCoverage: 10/16 marketsExchange-reported volume: $16.3M
Open interest
$62.6MCoverage: 15/16 markets
Best liquidity
$1.5M
LBank
Tightest spread
+2.1 bps
Gate.io
Highest volume
$3.2M
Binance
Settlement mix
USDT · 16/17
Perp/spot vol.
0.10x
Spot volume $51.5M
OI / float
+4.52%
Float $1.4B
Spot performance
1D-2.28%
5D-5.13%
1M-1.46%
6M-22.22%
YTD-22.22%
1Y-22.22%

Venue matrix

17 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
BinanceTradeQNTX/USDTTrading$47.06+28.9% APR
+0.026% every 8h
+6.4 bps$116.4K$3.2M$1.1MUSDT-
BybitTradeQNTX/USDTTrading$47.110.0% APR
0.000% every 8h
+14.9 bps$11.7K$458.3K$373.1KUSDT25x
XT.comTradeQNTX/USDTTrading$47.02+29.1% APR
+0.027% every 8h
+6.4 bps$24.7K$315.2K$39.5MUSDT20x
BitunixTradeQNTX/USDTTrading$47.06+53.3% APR
+0.049% every 8h
+2.1 bps$306.4K$291.4K$108.8KUSDT50x
MEXCTradeQNTSTOCK/USDTTrading$46.90+21.9% APR
+0.020% every 8h
+130.0 bps$4.5K$287.7K$20.4MUSDT20x
BitgetTradeQNTSTOCK/USDTTrading$47.080.0% APR
0.000% every 8h
+24.6 bps$1.1M$257.4K$156.6KUSDT5x
GRVTTradeQNTX/USDTTrading$47.05+0.5% APR
+0.00050% every 8h
+10.6 bps$102.1K$109.5K$329.4USDT-
Gate.ioTradeQNTX/USDTTrading$47.130.0% APR
0.000% every 8h
+2.1 bps-$22.1K$118.3KUSDT20x
AsterTradeQNTXUSDTTrading$47.050.0% APR
0.000% every 8h
+61.6 bps$95.6K$4.4K$11.2KUSDT-
HTXTradeQNTX/USDTTrading$47.09-+29.7 bps$39.7K$1.5K-USDT-
Hyperliquid HIP-3Tradexyz:QNTTrading------USDC10x
OKXTradeQNT/USDTTrading$47.08+4.3% APR
+0.00397% every 8h
+6.4 bps$48K$3.2M⚠$547.9KUSDT10x
DeepcoinTradeQNTX/USDTTrading$47.10+79.6% APR
+0.073% every 8h
+6.4 bps$70.1K$3.1M⚠$470.3USDT25x
KuCoinTradeQNTX/USDTTrading$47.090.0% APR
0.000% every 8h
+21.2 bps$8.1K$1.8M⚠$77.1KUSDT20x
BingXTradeQNTUS-USDTTrading$47.07+29.2% APR
+0.027% every 8h
+2.1 bps$268.3K$1.7M⚠$4.4KUSDT-
LBankTradeQNTX/USDTTrading$47.06+94.6% APR
+0.086% every 8h
+6.4 bps$1.5M$981.7K⚠$2KUSDT50x
OurbitTradeQNTX/USDTTrading$47.07+29.5% APR
+0.027% every 8h
+10.6 bps$224.4K$638.3K⚠$138.1KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 12 of 16 venues absorb $10k · Typical cost: +17.2 bps – +36.4 bps

Cheapest execution: LBank · +10.6 bps

Too thin: Aster, KuCoin

No fresh book data: MEXC, Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

QNT

Tightest spread

QNT

Highest volume

QNT

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 4h ago
Market cap
$12.3B
Updated 4h ago
Revenue
$30.9M
Trailing 12 months
Revenue growth
-3%
Next fiscal year
Profit margin
-1,452.5%
P/E
-19.4
Peer P/E 27.5
Free cash flow
-$235.4M
Trailing 12 months
More metrics
Net income
-$71.5M
Trailing 12 months
P/S
397.4
Peer P/E
27.5
Similar listed perps
Revenue estimate
$30.1M
Next fiscal year
Earnings
2026-12-02
Revenue est. $8.1M · Updated 4h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$30.9M
Net margin-231.3%
Free cash flow-$235.4M
Net debt-$752.2M
2024$23M
2025$30.9M
PeriodRevenueGrowthNet incomeFCF
2024$23M--$144.1M-$134.9M
2025$30.9M+35%-$71.5M-$235.4M
PeriodGross marginOperating marginNet marginROEROA
2024+53.0%-664.8%-627.0%-14.4%-13.5%
2025+62.2%-1,713.7%-231.3%-4.2%-3.9%
PeriodCashDebtNet debtCurrent ratio
2024$172.3M$7.6M-$164.7M6.45
2025$762.6M$10.5M-$752.2M14.25
PeriodMarket capEnterprise valueP/SP/E
2024$14.9B$14.8B91.1-14.5
2025$14.3B$13.6B64.8-28.1
Q1 2025$19.1M
Q1 2026$5.2M
Q2 2026$8M
PeriodRevenueGrowthNet incomeFCF
Q1 2025$19.1M--$30.5M-$48.2M
Q1 2026$5.2M-73%-$16.7M-$85.6M
Q2 2026$8M--$175.5M-$82.7M
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+92.3%-156.6%-159.8%0.0%0.0%
Q1 2026+65.1%-2,628.9%-319.6%-4.1%-0.5%
Q2 2026-28.9%-6,939.6%-2,194.4%-42.5%-5.4%
PeriodCashDebtNet debtCurrent ratio
Q1 2025---0.00
Q1 2026$2.3B$24.8M-$2.2B36.61
Q2 2026$2.1B$29.9M-$2.1B15.49
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$14.9B$0109.7-17.2
Q1 2026$14.9B$12.7B399.7-31.4
Q2 2026$19.8B$17.7B346.6-10.6

Refreshed 4h ago

Charts: revenue, profit, cash flow & valuation
Revenue$8MQ2 2026
$4.8M$9.5M$14.3M$19.1MQ1 2025: $19.1MQ1 2026: $5.2MQ2 2026: $8MQ1 2025Q2 2026
Net income-$175.5MQ2 2026
-$131.6M-$87.8M-$43.9MQ1 2025: -$30.5MQ1 2026: -$16.7MQ2 2026: -$175.5MQ1 2025Q2 2026
EBITDA-$545.5MQ2 2026
-$409.1M-$272.8M-$136.4MQ1 2025: -$23.1MQ1 2026: -$124MQ2 2026: -$545.5MQ1 2025Q2 2026
Free cash flow-$82.7MQ2 2026
-$64.2M-$42.8M-$21.4MQ1 2025: -$48.2MQ1 2026: -$85.6MQ2 2026: -$82.7MQ1 2025Q2 2026
EPS-$1.93Q2 2026
-$1.45-$0.97-$0.48Q1 2025: -$0.88Q1 2026: -$0.48Q2 2026: -$1.93Q1 2025Q2 2026
Cash / Debt$2.1BQ2 2026
$565.6M$1.1B$1.7B$2.3BQ1 2026 · Cash: $2.3BQ1 2026 · Debt: $24.8MQ2 2026 · Cash: $2.1BQ2 2026 · Debt: $29.9MQ1 2025Q2 2026
CashDebt
Profitability-28.9%Q2 2026
-5,181.6%-3,423.6%-1,665.6%+92.3%Q1 2025 · Gross margin: +92.3%Q1 2026 · Gross margin: +65.1%Q2 2026 · Gross margin: -28.9%Q1 2025 · Operating margin: -156.6%Q1 2026 · Operating margin: -2,628.9%Q2 2026 · Operating margin: -6,939.6%Q1 2025 · Net margin: -159.8%Q1 2026 · Net margin: -319.6%Q2 2026 · Net margin: -2,194.4%Q1 2025Q2 2026
Gross marginOperating marginNet margin
Revenue growth-72.6%Q1 2026
-54.4%-36.3%-18.1%Q1 2026: -72.6%Q1 2025Q2 2026
Shares outstanding33.9MQ2 2026
8.7M17.3M26M34.7MQ1 2025: 34.7MQ1 2026: 34.7MQ2 2026: 33.9MQ1 2025Q2 2026
Valuation-10.6Q2 2026
76.3184.1291.9399.7Q1 2025 · P/E: -17.2Q1 2026 · P/E: -31.4Q2 2026 · P/E: -10.6Q1 2025 · P/S: 109.7Q1 2026 · P/S: 399.7Q2 2026 · P/S: 346.6Q1 2025Q2 2026
P/EP/S
Revenue$30.9M2025
$7.7M$15.5M$23.2M$30.9M2024: $23M2025: $30.9M20242025
Net income-$71.5M2025
-$108.1M-$72M-$36M2024: -$144.1M2025: -$71.5M20242025
EBITDA-$538.2M2025
-$403.6M-$269.1M-$134.5M2024: -$111.6M2025: -$538.2M20242025
Free cash flow-$235.4M2025
-$176.5M-$117.7M-$58.8M2024: -$134.9M2025: -$235.4M20242025
EPS-$2.152025
-$3.12-$2.08-$1.042024: -$4.162025: -$2.1520242025
Cash / Debt$762.6M2025
$190.7M$381.3M$572M$762.6M2024 · Cash: $172.3M2024 · Debt: $7.6M2025 · Cash: $762.6M2025 · Debt: $10.5M20242025
CashDebt
Profitability+62.2%2025
-1,269.7%-825.8%-381.8%+62.2%2024 · Gross margin: +53.0%2025 · Gross margin: +62.2%2024 · Operating margin: -664.8%2025 · Operating margin: -1,713.7%2024 · Net margin: -627.0%2025 · Net margin: -231.3%20242025
Gross marginOperating marginNet margin
Revenue growth+34.6%2025
+8.7%+17.3%+26.0%+34.6%2025: +34.6%20242025
Shares outstanding33.2M2025
8.7M17.3M26M34.7M2024: 34.7M2025: 33.2M20242025
Valuation-28.12025
1.731.561.391.12024 · P/E: -14.52025 · P/E: -28.12024 · P/S: 91.12025 · P/S: 64.820242025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-12-02
Revenue est. $8.1M · Updated 4h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-1.67$30.1M-3%7
FY 2027-1.65$61.2M+98%7
Q1 2027-0.42$11.4M+118%2
Q1 2027-0.40$10.1M+93%2
Q2 2027-0.42$14.3M+79%2
Q3 2027-0.39$16M+101%2

Company events

4
2026-12-02EarningsActual - / Estimate -0.37-
2026-08-13EarningsActual -1.93 / Estimate -0.26Miss
2026-08-11Earnings · After market closeActual -0.28 / Estimate -0.26Miss
2026-05-08EarningsActual -0.46 / Estimate --

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 22, 2026, 03:47 PM UTC

Company profile

Sector
Technology
Industry
Computer Hardware
Chief executive
Rajeeb Hazra
Employees
700
IPO date
Jun 4, 2026
Country
US
Exchange
NASDAQ Global Market
Website
FMP ratingiC-

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
4
Price to earningsi
1
Price to booki
1
Market cap history
$12.38B-25.1%Jun 26 – Sep 26
$11.88B$16.01B$20.13BHigh: $20.13B · 2026-07-06Low: $11.88B · 2026-09-14Latest: $12.38B · 2026-09-21Jun 26Jul 26Aug 26Sep 26
Latest: $12.38B · 2026-09-21High: $20.13B · 2026-07-06Low: $11.88B · 2026-09-14
Largest fund holders
FundWeightShares held
QTUM1.23%1.3M
BAI0.36%994.4K
VTI0%890.7K
VB0.02%642.4K
VEXPX0.2%579.7K
CGBL0.38%540.8K
WQTM6.83%451.5K
CGGR0.07%320.6K
FWD0.52%309.1K
QWTM.L4.15%273.2K
BMGAX0.26%248.7K
CGMM0.33%204.9K

Analyst track record

How the analysts covering QNT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings2929
Analysts1313
Buy / hold / sell27 / 2 / 027 / 2 / 0
Upgrades / downgrades / initiations0 / 0 / 130 / 0 / 13
Price targets hit / missed0 / 27 (0%)0 / 27 (0%)
Avg. return after a rating (TipRanks)-49.9%-49.9%
Best / worst call-36.7% / -68.1%-36.7% / -68.1%

After buy calls on this stock: median 21-day move -31.7% vs S&P 500 -31.7% (n = 26)

Latest ratings

DateAnalystCallTarget
Sep 10, 2026Mark MoerdlerBernsteinBuyMaintained$95.00
Sep 10, 2026Mark MoerdlerBernsteinBuyMaintained$95.00
Aug 19, 2026John McPeakeRosenblatt SecuritiesBuyReiterated$155
Aug 12, 2026Krish SankarTD CowenBuyMaintained–
Aug 11, 2026Troy JensenCantor FitzgeraldBuyMaintained$90.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$50.00$60.00$70.00$80.00$90.00$100Oct 25 · Buy 0 · Hold 0 · Sell 0Oct 25Nov 25 · Buy 0 · Hold 0 · Sell 0Dec 25 · Buy 0 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 0 · Hold 0 · Sell 0Feb 26 · Buy 0 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 0 · Hold 0 · Sell 0Apr 26 · Buy 0 · Hold 0 · Sell 0Apr 26May 26 · Buy 0 · Hold 0 · Sell 0Jun 26 · Buy 12 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 12 · Hold 1 · Sell 0Aug 26 · Buy 12 · Hold 1 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 1 · Sell 0Jun 26 · avg. target $98.75Jul 26 · avg. target $98.75Aug 26 · avg. target $97.17Sep 26 · avg. target $97.17Jun 26 · month-end close $81.74Jul 26 · month-end close $51.41Aug 26 · month-end close $50.10Sep 26 · month-end close $49.53

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 · 29 ratings

Frequently asked questions

Where can I trade QNT perpetual futures?

Quantinuum Inc. (QNT) perpetual futures trade on 16 crypto venues, including Binance, OKX, Deepcoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade QNT around the clock?

Yes. Unlike the underlying stock, QNT perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on QNT perpetuals?

Right now the QNT perp funding rate is +28.9% annualized (venue median), ranging from +28.9% to +28.9% across 16 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the QNT perp price compare to the Quantinuum Inc. stock?

The venue-median QNT perp mark is $47.1 versus a reference stock price of $47.1, 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 QNT perpetual future?

A QNT perpetual is a derivative that tracks the price of Quantinuum Inc. with no expiry date. It lets you take long or short exposure to Quantinuum Inc. on crypto venues, around the clock.

What is QNTUSDT perpetual?

QNTUSDT is the symbol most crypto exchanges use for the Quantinuum Inc. perpetual settled in USDT (Tether). It tracks the QNT share price through an index, trades 24/7 with leverage and never expires.

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