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Equity
Western Digital Corporation (WDC) perpetual futures
WDC perpetual futures on 21 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade WDCUSDT.
Western Digital designs and sells data storage products like HDDs, SSDs, and flash memory for consumer, enterprise, and data center use globally.
$457.85-0.8%NASDAQ closed
Price chart
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Collecting venue price data...
venue perp mark · Binance (WDC/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
21/21 live markets
Trading data
Perpetual market activity
Venues
21
Live markets
21/21
24h volume
$62.4MCoverage: 18/21 marketsExchange-reported volume: $82.8M
Open interest
$30.7MCoverage: 17/21 markets
Best liquidity
$1.6M
Ourbit
Tightest spread
+0.2 bps
OKX
Highest volume
$24.6M
Binance
Settlement mix
USDT · 17/21
Perp/spot vol.
0.02x
Spot volume $3.3B
OI / float
+0.02%
Float $156.3B
Spot performance
1D-0.78%
5D-2.10%
1M-1.35%
6M+64.61%
YTD+163.09%
1Y+288.24%
Venue matrix
21 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | WDC/USDT | Trading | $457.84 | 0.0% APR 0.000% every 8h | +2.2 bps | - | $24.6M | $6.3M | USDT | - | |
 Deepcoin | Trade | WDC/USDT | Trading | $457.94 | - | +3.9 bps | $41K | $12.5M | - | USDT | 25x | |
 LBank | Trade | WDC/USDT | Trading | $457.79 | 0.0% APR 0.000% every 8h | +3.5 bps | $868.9K | $12.1M | - | USDT | 50x | |
 Gate.io | Trade | WDC/USDT | Trading | $457.60 | 0.0% APR 0.000% every 8h | +2.2 bps | - | $3M | $1.8M | USDT | 50x | |
 OKX | Trade | WDC/USDT | Trading | $457.82 | 0.0% APR 0.000% every 8h | +0.2 bps | $46.2K | $2.5M | $1.6M | USDT | 20x | |
 Bitget | Trade | WDC/USDT | Trading | $457.83 | +35.6% APR +0.033% every 8h | +1.3 bps | - | $2.1M | $995K | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:WDC | Trading | $457.70 | +5.5% APR +0.00063% every 1h | +0.9 bps | $83.5K | $1.8M | $1.8M | USDC | 10x | |
 KuCoin | Trade | WDC/USDT | Trading | $458.01 | 0.0% APR 0.000% every 8h | +9.6 bps | $14.1K | $1.7M | $355K | USDT | 20x | |
 Bybit | Trade | WDC/USDT | Trading | $457.99 | 0.0% APR 0.000% every 8h | +6.8 bps | $68K | $638.7K | $1.6M | USDT | 25x | |
 Bitunix | Trade | WDC/USDT | Trading | $457.55 | -4.3% APR -0.00392% every 8h | +4.6 bps | $303.1K | $587.8K | - | USDT | 20x | |
 Extended | Trade | WDC/USD | Trading | $457.63 | 0.0% APR 0.000% every 1h | +7.2 bps | $74.4K | $291.9K | $7.4K | USD | 10x | |
 MEXC | Trade | WDC/USDT | Trading | $457.78 | 0.0% APR 0.000% every 8h | +2.0 bps | $56.5K | $176.7K | $13.5M | USDT | 100x | |
 BloFin | Trade | WDC/USDT | Trading | $457.80 | +2.5% APR +0.00229% every 8h | +0.9 bps | $307K | $117.3K | $122.1K | USDT | 20x | |
 GRVT | Trade | WDC/USDT | Trading | $457.88 | 0.0% APR 0.000% every 8h | +4.4 bps | $51.2K | $110.7K | $622.7 | USDT | - | |
 Aster | Trade | WDCUSDT | Trading | $457.96 | 0.0% APR 0.000% every 8h | +8.3 bps | $14.3K | $66.9K | $16.2K | USDT | - | |
 HTX | Trade | WDC/USDT | Trading | $458.27 | - | +119.9 bps | $17.7K | $48.5K | - | USDT | - | |
 Orderly Network | Trade | WDC/USDC | Trading | $457.66 | +11.0% APR +0.010% every 8h | - | - | $1.9K | $9.2K | USDC | - | |
 Crypto.com Exchange | Trade | WDC/USD | Trading | $455.80 | -28.2% APR -0.00321% every 1h | +13.3 bps | $13.8K | $661.7 | $7.2K | USD | 50x | |
 XT.com | Trade | WDC/USDT | Trading | $457.96 | 0.0% APR 0.000% every 8h | +2.0 bps | $101.5K | $17.4M⚠ | $2.4M | USDT | 20x | |
 BingX | Trade | WDC-USDT | Trading | $457.70 | +33.7% APR +0.031% every 8h | +3.9 bps | $1M | $1.7M⚠ | $4.2K | USDT | - | |
 Ourbit | Trade | WDC/USDT | Trading | $457.85 | 0.0% APR 0.000% every 8h | +1.5 bps | $1.6M | $1.3M⚠ | $183.2K | USDT | 100x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| WDCBbStocks | $457.05 | -0.17% | $2.0M | $2.0M | BNB Smart Chain (BEP20) |
| WDConOndo GM | $457.32 | -0.12% | $822k | $457k | Solana · Ethereum · BNB Smart Chain (BEP20) |
| WDCxxStocks | $455.22 | -0.57% | $154k | $645k | BNB Smart Chain (BEP20) · Ethereum · Solana · Arbitrum |
| rWDCTokenized | $456.59 | -0.27% | $67k | $273k | Arbitrum |
| WDCRobinhood | – | – | – | $80k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | WDC/ETH ↗ | – | – | – |
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 · 14 of 21 venues absorb $10k · Typical cost: +9.7 bps – +18.9 bps
Too thin: Aster, Crypto.com Exchange
No fresh book data: HTX, Binance, Gate.io, Bitget, Orderly Network
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
WDCTightest spread
WDCHighest volume
WDCFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 1h ago
Company data
Company fundamentals
Market cap
$156.2B
Updated 1h ago
Revenue
$12.9B
Trailing 12 months
Revenue growth
+48%
Next fiscal year
Profit margin
+72.9%
P/E
16.7
Peer P/E 16.9
Free cash flow
$3.2B
Trailing 12 months
More metrics
Net income
$9.4B
Trailing 12 months
P/S
12.1
Peer P/E
16.9
Similar listed perps
Revenue estimate
$19.2B
Next fiscal year
Earnings
2026-10-29
Revenue est. $4.1B · Updated 1h ago
Dividend
$0.15
2026-09-08
Fundamental detail
Annual + quarterlyLatest revenue$12.9B
Net margin+72.9%
Free cash flow$3.5B
Net debt-$527M
PeriodRevenueGrowthNet incomeFCF
2021$16.9B+1%$821M$895M
2022$18.8B+11%$1.5B$773M
2023$6.3B-67%-$1.7B-$1.2B
2024$6.3B+1%-$798M-$781M
2025$9.5B+51%$1.9B$1.3B
2026$12.9B+36%$9.4B$3.5B
PeriodGross marginOperating marginNet marginROEROA
2021+26.7%+7.2%+4.9%+7.7%+3.1%
2022+31.3%+12.7%+8.2%+12.7%+5.9%
2023+22.2%-8.8%-26.9%-15.4%-6.9%
2024+28.1%-6.4%-12.6%-7.4%-3.3%
2025+38.8%+24.5%+19.5%+35.0%+13.3%
2026+48.9%+34.5%+72.9%+106.3%+68.0%
PeriodCashDebtNet debtCurrent ratio
2021$3.4B$8.7B$5.4B2.00
2022$2.3B$7.6B$5.3B1.81
2023$2B$8.5B$6.5B1.45
2024$1.6B$7.8B$6.3B1.32
2025$2.1B$5.1B$3B1.08
2026$1.6B$1.1B-$527M1.33
PeriodMarket capEnterprise valueP/SP/E
2021$16.2B$21.5B1.019.7
2022$10.2B$15.5B0.56.8
2023$9.1B$15.6B1.5-5.3
2024$18.7B$24.9B3.0-21.9
2025$22B$24.9B2.311.9
2026$186B$185.4B14.420.0
PeriodRevenueGrowthNet incomeFCF
Q1 2025$2.2B-20%$493M-$62M
Q2 2025$4.3B+41%$594M$287M
Q3 2025$2.3B+31%$524M$379M
Q4 2025$2.6B+30%$257M$675M
Q1 2026$2.8B+27%$1.2B$599M
Q2 2026$3B-30%$1.8B$653M
Q3 2026$3.3B+45%$3.2B$978M
Q4 2026$3.7B+44%$3.2B$991M
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+36.4%+15.4%+22.3%+4.2%+2.0%
Q2 2025+35.4%+19.9%+13.9%+4.9%+2.3%
Q3 2025+39.8%+33.1%+22.8%+9.9%+3.7%
Q4 2025+41.0%+26.1%+9.9%+4.8%+1.8%
Q1 2026+43.5%+28.1%+41.9%+20.1%+8.2%
Q2 2026+45.7%+31.9%+61.1%+25.1%+11.8%
Q3 2026+50.2%+35.7%+96.0%+33.1%+21.3%
Q4 2026+54.1%+41.7%+85.3%+36.0%+23.1%
PeriodCashDebtNet debtCurrent ratio
Q1 2025$1.7B$8B$6.3B1.47
Q2 2025$2.3B$7.9B$5.6B1.99
Q3 2025$2.1B$5.1B$3B1.08
Q4 2025$2.1B$5.1B$3B1.08
Q1 2026$2B$5B$3B1.21
Q2 2026$2B$4.7B$2.7B1.45
Q3 2026$2.1B$1.7B-$326M1.49
Q4 2026$1.6B$1.1B-$527M1.33
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$18B$24.3B8.29.4
Q2 2025$15.9B$21.5B3.76.8
Q3 2025$14.1B$17B6.16.9
Q4 2025$22B$25B8.520.0
Q1 2026$45.3B$48.3B16.19.8
Q2 2026$64.8B$67.4B21.58.9
Q3 2026$101.8B$101.4B30.57.9
Q4 2026$186B$185.4B49.614.6
Refreshed 1h 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
2026-10-29
Revenue est. $4.1B · Updated 1h ago
Dividend
$0.15
2026-09-08
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
NASDAQ
After-hours reference
Bid457.1
Ask458.61
Volume28,656
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20269.99$12.9B+35%11
FY 202718.70$18.4B+42%11
FY 202720.39$19.2B+48%12
FY 202830.72$25B+93%4
FY 202832.76$26.5B+106%10
FY 202937.19$29.2B+126%2
Company events
62026-10-29EarningsActual - / Estimate 4.07-
2026-09-08Dividend$0.15-
2026-08-05EarningsActual 3.56 / Estimate 3.31Beat
2026-06-05Dividend$0.15-
2026-04-30EarningsActual 2.72 / Estimate 2.39Beat
2026-03-05Dividend$0.125-
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
WDC-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
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.
FMP company data
Company intelligence
Updated: Sep 29, 2026, 12:59 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Computer Hardware
- Chief executive
- Tiang Yew Tan
- Employees
- 40,000
- IPO date
- Oct 31, 1978
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei22.95
Piotroski scorei8/9
FMP ratingiB+
Owner earningsi$1.26B$3.35 per share
ESG risk ratingiB+Industry rank: 2 out of 14
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 3
- Price to earningsi
- 2
- Price to booki
- 1
Company press releases
Western Digital Announces Redemption of 3.00% Convertible Senior Notes Due 2028Business WireWD to Participate in Upcoming Investor ConferenceBusiness WireWD Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial ResultsBusiness WireWD Malaysia Recognized for Advancing Sustainable AI InfrastructureBusiness WireWD to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on August 5, 2026Business WireWD at Computex 2026: AI Doesn't Just Run on Compute - It Runs on DataBusiness Wire
Congressional disclosures
Senate
House
Gilbert Ray CisnerosPurchase · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert CisnerosPurchase · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert Ray CisnerosPurchase · $1,001 - $15,000Disclosed: Sep 7, 2026Ro KhannaPurchase · $1,001 - $15,000Disclosed: May 13, 2026Jefferson ShreveSale (Full) · $15,001 - $50,000Disclosed: Jun 23, 2025
Market cap history
$156.36B-30.5%Jun 26 – Sep 26
Latest: $156.36B · 2026-09-28High: $224.90B · 2026-06-29Low: $147.29B · 2026-09-14
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.21% | 11M |
| VOO | 0.23% | 9.2M |
| QQQ | 0.68% | 7.5M |
| FXAIX | 0.29% | 5.4M |
| IVV | 0.24% | 4.8M |
| XAW.TO | 0.14% | 4.8M |
| XSP.TO | 0.25% | 4.8M |
| 1557.T | 0.26% | 4.4M |
| SPY | 0.25% | 4.4M |
| VO | 0.74% | 3.7M |
| VUG | 0.43% | 3.6M |
| FBGKX | 1.62% | 3.5M |
Analyst track record
How the analysts covering WDC have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 158 | 425 |
| Analysts | 27 | 32 |
| Buy / hold / sell | 134 / 24 / 0 | 360 / 65 / 0 |
| Upgrades / downgrades / initiations | 1 / 2 / 2 | 10 / 5 / 8 |
| Price targets hit / missed | 105 / 50 (68%) | 350 / 50 (88%) |
| Avg. return after a rating (TipRanks) | +55.9% | +325.7% |
| Best / worst call | +275.3% / -57.1% | +1,025.8% / -57.1% |
After buy calls on this stock: median 21-day move +6.7% vs S&P 500 +4.5% (n = 361)
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.
- Erik WoodringMorgan Stanley100% hit rate on this stock · 9 targets measuredBuytarget $676Aug 6, 2026
- Krish SankarTD Cowen82% hit rate on this stock · 11 targets measuredBuytarget $540Aug 6, 2026
- Wamsi MohanBank of America Securities80% hit rate on this stock · 20 targets measuredBuytarget $720Aug 6, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 9, 2026 | Asiya MerchantCiti | BuyMaintained | $740 | article ↗ |
| Aug 6, 2026 | Amit DaryananiEvercore ISI | BuyMaintained | $575 | article ↗ |
| Aug 6, 2026 | Unknown AnalystWedbush | BuyReiterated | $650 | article ↗ |
| Aug 6, 2026 | Wamsi MohanBank of America Securities | BuyReiterated | $720 | article ↗ |
| Aug 5, 2026 | James SchneiderGoldman Sachs | HoldMaintained | $615 | 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 25, 2026 · 158 ratings
Frequently asked questions
Where can I trade WDC perpetual futures?
Western Digital Corporation (WDC) perpetual futures trade on 21 crypto venues, including Binance, XT.com, Deepcoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade WDC around the clock?
Yes. Unlike the underlying stock, WDC perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on WDC perpetuals?
Right now the WDC perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 21 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the WDC perp price compare to the Western Digital Corporation stock?
The venue-median WDC perp mark is $457.8 versus a reference stock price of $457.9, 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 WDC perpetual future?
A WDC perpetual is a derivative that tracks the price of Western Digital Corporation with no expiry date. It lets you take long or short exposure to Western Digital Corporation on crypto venues, around the clock.
What is WDCUSDT perpetual?
WDCUSDT is the symbol most crypto exchanges use for the Western Digital Corporation perpetual settled in USDT (Tether). It tracks the WDC share price through an index, trades 24/7 with leverage and never expires.
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