PerpEquities

ETF

ProShares - UltraShort 20+ Year Treasury (TBT) perpetual futures

TBT perpetual futures on 10 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TBTUSDT.

ProShares - UltraShort 20+ Year Treasury tracked across crypto venues with normalized contract specifications.

$39.46+2.1%NYSE American open
Open in terminal

Price chart

Interactive TradingView chart

TradingView symbol AMEX:TBT

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Trading data

Perpetual market activity

10/10 live markets
Venues
10
Live markets
10/10
24h volume
$2.3M
Open interest
$9.7MCoverage: 6/10 markets
Best liquidity
$690K
LBank
Tightest spread
+12.7 bps
Ourbit
Highest volume
$1.2M
LBank
Settlement mix
USDT · 10/10
Perp/spot vol.
0.19x
Spot volume $12M
OI / float
-
Float $0
Spot performance
1D+1.26%
5D+1.52%
1M+0.55%
6M+14.04%
YTD+10.65%
1Y+14.96%

Venue matrix

10 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
LBankTradeTBT/USDTTrading$39.46-99.5% APR
-0.091% every 8h		+12.7 bps$690K$1.2M-USDT50x
HTXTradeTBT/USDTTrading$39.45-+678.1 bps$0$391.1K-USDT-
XT.comTradeTBT/USDTTrading$39.43-334.3% APR
-0.305% every 8h		+12.7 bps$43.5K$202K$9.2MUSDT25x
OurbitTradeTBT/USDTTrading$39.44-99.1% APR
-0.091% every 8h		+12.7 bps-$124.9K$120KUSDT20x
BinanceTradeTBT/USDTTrading$39.47-98.6% APR
-0.090% every 8h		+12.7 bps$26.8K$114K$261KUSDT-
BitunixTradeTBT/USDTTrading$39.43-98.1% APR
-0.090% every 8h		+12.7 bps$197.8K$77.7K-USDT50x
MEXCTradeTBT/USDTTrading$39.48-99.1% APR
-0.091% every 8h		+22.9 bps$55K$77K$58.8KUSDT20x
DeepcoinTradeTBT/USDTTrading$39.41-+12.7 bps$21.1K$56.7K-USDT25x
BitgetTradeTBT/USDTTrading$39.600.0% APR
0.000% every 8h		+16.7 bps$597K$8.4K$20.5KUSDT20x
Gate.ioTradeTBT/USDTTrading$39.460.0% APR
0.000% every 8h		+30.4 bps-$6.3K$80.4KUSDT20x

Tradability

Execution quality

Adequate liquidity · 7 of 10 venues absorb $10k · Typical cost: +29.8 bps – +46.9 bps

Cheapest execution: Bitget · +15.6 bps

No fresh book data: HTX, Ourbit, Gate.io

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

Best venues for this underlying

Best liquidity

TBT
LBank · TBT/USDT$690K

Tightest spread

TBT
Ourbit · TBT/USDT+12.7 bps

Highest volume

TBT
LBank · TBT/USDT$1.2M

Funding history

Stored venue snapshots by market

ETF data

ProShares - UltraShort 20+ Year Treasury

TBT
Assets under management$304.94M
Expense ratio0.93%
Net asset value$38.62
Holdings10
InceptionApr 29, 2008
Complex ETF exposure: LeveragedThis fund uses leveraged or synthetic exposure. Reported positions can include derivatives, swaps or collateral and are not a complete look-through of the economic exposure.

Top reported holdings

  1. 1IQMMPROSHARES GENIUS MNY MKT ETF75.03%
  2. 2TBTNet Other Assets (Liabilities)16.92%
  3. 3TBTUNITED STATES OF AMERICA BILL ZERO CPN 29/DEC/2026 USD 1008.05%
  4. 4TBTICE 20+ YEAR U.S. TREASURY INDEX SWAP SOCIETE GENERALE0%
  5. 5TBTICE 20+ YEAR U.S. TREASURY INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC0%
  6. 6TBTICE 20+ YEAR U.S. TREASURY INDEX SWAP BANK OF AMERICA NA0%
  7. 7TBTICE 20+ YEAR U.S. TREASURY INDEX SWAP CITIBANK NA0%
  8. 8TBTICE 20+ Year U.S. Treasury Index SWAP Barclays Capital0%
  9. 9TBTUS LONG BOND(CBT) BOND 21/DEC/2026 USZ6 COMDTY0%
  10. 10TBTICE 20+ YEAR U.S. TREASURY INDEX SWAP GOLDMAN SACHS INTERNATIONAL0%

Sector allocation

  • Financial Services76.5%
  • Cash & Others23.5%

Country allocation

  • United States76.5%
  • Other23.5%
Provider updated: Sep 10, 2026, 07:27 AM UTCFetched: Sep 10, 2026, 04:42 PM UTCSource: FMP

Next catalyst

Catalysts

No unusual perp activity right now.

Frequently asked questions

Where can I trade TBT perpetual futures?

ProShares - UltraShort 20+ Year Treasury (TBT) perpetual futures trade on 10 crypto venues, including LBank, HTX, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade TBT around the clock?

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

What is the funding rate on TBT perpetuals?

Right now the TBT perp funding rate is -98.9% annualized (venue median), ranging from -334.3% to 0.0% across 10 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

What is a TBT perpetual future?

A TBT perpetual is a derivative that tracks the price of ProShares - UltraShort 20+ Year Treasury with no expiry date. It lets you take long or short exposure to ProShares - UltraShort 20+ Year Treasury on crypto venues, around the clock.

Also listed on LBank

Also listed on HTX

Also listed on XT.com

Other ETF perps

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