Reference market
Closed- Regular hours
- CLOSED – CLOSED
- Next holiday
- Oct 19, 2026 · The day following Chung Yeung Festival
Equity · Consumer cyclical
Shein Group (SHEIN) perpetual futures
SHEIN perpetual futures on 12 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SHEINUSDT.
Shein Group is a global online retailer of fashion and lifestyle products, offering apparel, footwear, accessories, and home goods through its websites and mobile apps under brands like SHEIN, MOTF, and SHEGLAM.
$4.50-3.8%
Price chart
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Collecting venue price data...
venue perp mark · LBank (SHEIN/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
12/13 live markets
Trading data
Perpetual market activity
Venues
13
Live markets
12/13
24h volume
$667.1KCoverage: 11/12 marketsExchange-reported volume: $1.4M
Open interest
$11.7MCoverage: 11/12 markets
Best liquidity
$489.2K
Bitget
Tightest spread
+2.2 bps
Bitget
Highest volume
$217.9K
XT.com
Settlement mix
USDT · 10/13
Perp/spot vol.
0.03x
Spot volume $19.7M
OI / float
-
Spot performance
1D-3.85%
5D+3.67%
1M-15.61%
6M-28.87%
YTD-28.87%
1Y-28.87%
Venue matrix
13 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 XT.com | Trade | SHEIN/USDT | Trading | $4.51 | 0.0% APR 0.000% every 8h | +44.2 bps | $161.1K | $217.9K | $8.6M | USDT | 20x | |
 HTX | Trade | SHEIN/USDT | Trading | $4.49 | - | +137.4 bps | $636.7 | $162.7K | - | USDT | - | |
 MEXC | Trade | SHEIN/USDT | Trading | $4.50 | 0.0% APR 0.000% every 4h | +35.6 bps | $439.6K | $107.5K | $1M | USDT | 25x | |
 Bitunix | Trade | SHEIN/USDT | Trading | $4.50 | +0.8% APR +0.00070% every 8h | +11.1 bps | $223.8K | $66.2K | $75K | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:SHEIN | Trading | $4.47 | +5.5% APR +0.00063% every 1h | +12.5 bps | $31.1K | $49.2K | $814.5K | USDC | 10x | |
 Ourbit | Trade | SHEIN/USDT | Trading | $4.49 | 0.0% APR 0.000% every 8h | +20.1 bps | $19.2K | $28.4K | $111.3K | USDT | 25x | |
 OKX | Trade | SHEIN/USDT | Trading | $4.49 | 0.0% APR 0.000% every 8h | +20.1 bps | $7.3K | $16.4K | $169.9K | USDT | 10x | |
 Bitget | Trade | SHEIN/USDT | Trading | $4.50 | 0.0% APR 0.000% every 8h | +2.2 bps | $489.2K | $15.4K | $266.3K | USDT | 20x | |
 Bybit | Trade | SHEIN/USDT | Trading | $4.51 | 0.0% APR 0.000% every 8h | +44.2 bps | $4.7K | $3.2K | $474.1K | USDT | 25x | |
 Gate.io | Trade | SHEIN/USDT | Trading | $4.48 | 0.0% APR 0.000% every 8h | +55.7 bps | - | $187 | $100.2K | USDT | 50x | |
 Crypto.com Exchange | Trade | SHEIN/USD | Trading | $4.54 | -28.5% APR -0.00326% every 1h | +22.3 bps | $1.8K | $0 | $815.4 | USD | 50x | |
 Ondo Perps | Trade | SHEIN/USD | Watchlist | - | - | - | - | - | - | USDC | 5x | |
 LBank | Trade | SHEIN/USDT | Trading | $4.50 | 0.0% APR 0.000% every 4h | +22.2 bps | $13.5K | $734.4K⚠ | $5.3K | USDT | 50x |
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
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 8 of 12 venues absorb $10k · Typical cost: +36.1 bps – +50.4 bps
Cheapest execution: Bitget · +14.8 bps
Too thin: OKX, Crypto.com Exchange
No fresh book data: HTX, Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
SHEINTightest spread
SHEINHighest volume
SHEINFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 21h ago
Company data
Company fundamentals
Market cap
$12.4B
Updated 21h ago
Revenue
$41.8B
Trailing 12 months
Revenue growth
+1%
Next fiscal year
Profit margin
+11.4%
P/E
4.9
Peer P/E 1.5
Free cash flow
$2.6B
Trailing 12 months
More metrics
Net income
$2.1B
Trailing 12 months
P/S
0.3
Peer P/E
1.5
Similar listed perps
Revenue estimate
$42.4B
Next fiscal year
Earnings
2026-09-28
Revenue $1.4B · Updated 21h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$41.8B
Net margin+4.9%
Free cash flow$2.6B
Net debt-$3.4B
PeriodRevenueGrowthNet incomeFCF
2023$32.1B-$2.8B$1.4B
2024$38.7B+21%$3.4B$1.1B
2025$41.8B+8%$2.1B$2.6B
PeriodGross marginOperating marginNet marginROEROA
2023+60.2%+4.3%+8.7%-22.3%+18.8%
2024+60.6%+2.5%+8.7%-37.0%+19.4%
2025+67.9%+4.1%+4.9%-29.9%+10.3%
PeriodCashDebtNet debtCurrent ratio
2023$3.5B$529M-$3B2.13
2024$2.9B$935M-$2B2.04
2025$4.5B$1.1B-$3.4B0.68
PeriodMarket capEnterprise valueP/SP/E
2023$15.8B$12.8B0.55.6
2024$16B$14.1B0.44.8
2025$16B$12.6B0.47.8
PeriodRevenueGrowthNet incomeFCF
Q1 2025$9B-$395M$1B
Q2 2025$11B-$691M$1.7B
Q1 2026$9.1B+1%-$99M$332M
Q2 2026$11.1B+1%$2.4B$733M
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+62.7%+3.9%+4.4%0.0%0.0%
Q2 2025+67.0%+6.4%+6.3%0.0%0.0%
Q1 2026+70.4%+2.9%-1.1%+1.4%-0.5%
Q2 2026+69.8%+2.1%+21.6%-53.1%+11.1%
PeriodCashDebtNet debtCurrent ratio
Q1 2025---0.00
Q2 2025---0.00
Q1 2026$4.3B$1.1B-$3.2B0.68
Q2 2026$3B$1.1B-$1.9B0.75
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$16B$01.810.4
Q2 2025$15.9B$01.45.7
Q1 2026$15.9B$12.7B1.8-38.7
Q2 2026$15.9B$14B1.41.7
Refreshed 21h 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
2026-09-28
Revenue $1.4B · Updated 21h ago
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
2DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.00$42.4B+1%3
FY 20270.40$46B+10%5
Company events
12026-09-28EarningsActual 0.93 / Estimate --
Peer comparison
Similar listed perpsAnalysts
PendingNo analyst data available yet.
Ownership
SHEIN-PERPOwnership data is being populated.
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.
Analyst track record
How the analysts covering SHEIN 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 Oct 9, 2026 · 0 ratings
Frequently asked questions
Where can I trade SHEIN perpetual futures?
Shein Group (SHEIN) perpetual futures trade on 12 crypto venues, including LBank, XT.com, HTX. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade SHEIN around the clock?
Yes. Unlike the underlying stock, SHEIN perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on SHEIN perpetuals?
Right now the SHEIN perp funding rate is 0.0% annualized (venue median), ranging from -28.5% to +5.5% across 12 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the SHEIN perp price compare to the Shein Group stock?
The venue-median SHEIN perp mark is $4.5 versus a reference stock price of $4.5, 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 SHEIN perpetual future?
A SHEIN perpetual is a derivative that tracks the price of Shein Group with no expiry date. It lets you take long or short exposure to Shein Group on crypto venues, around the clock.
What is SHEINUSDT perpetual?
SHEINUSDT is the symbol most crypto exchanges use for the Shein Group perpetual settled in USDT (Tether). It tracks the SHEIN share price through an index, trades 24/7 with leverage and never expires.
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