China PerpsChinese equities, traded as perpetuals.
Go long or short on Alibaba, Tencent, PDD and the rest of the China tech complex — real Yahoo Finance marks, up to 20× leverage, no share custody, no market hours. One treasury on Robinhood Chain mainnet is the counterparty to every trade, and everything is margined and settled in USDG.
Connect a wallet to see your positions.
Markets行情
18 perpetual markets on Chinese companies listed in the US. Marks are live Yahoo Finance prices, quoted in USD and settled in USDG.
| Market | Mark price | 24h change | Funding / 8h | Open interest | Venue | Max leverage | |
|---|---|---|---|---|---|---|---|
| BABA-PERP阿里巴巴 | — | — | +0.0000% | 0.00 USDG | NYSE | 20× | |
| TCEHY-PERP腾讯控股 | — | — | +0.0000% | 0.00 USDG | OTC | 10× | |
| PDD-PERP拼多多 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 20× | |
| JD-PERP京东 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 20× | |
| NTES-PERP网易 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 20× | |
| BIDU-PERP百度 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 20× | |
| NIO-PERP蔚来 | — | — | +0.0000% | 0.00 USDG | NYSE | 10× | |
| XPEV-PERP小鹏汽车 | — | — | +0.0000% | 0.00 USDG | NYSE | 10× | |
| LI-PERP理想汽车 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 10× | |
| BYDDY-PERP比亚迪 | — | — | +0.0000% | 0.00 USDG | OTC | 10× | |
| TME-PERP腾讯音乐 | — | — | +0.0000% | 0.00 USDG | NYSE | 10× | |
| BILI-PERP哔哩哔哩 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 10× | |
| TCOM-PERP携程 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 20× | |
| BEKE-PERP贝壳 | — | — | +0.0000% | 0.00 USDG | NYSE | 10× | |
| YUMC-PERP百胜中国 | — | — | +0.0000% | 0.00 USDG | NYSE | 20× | |
| ZTO-PERP中通快递 | — | — | +0.0000% | 0.00 USDG | NYSE | 10× | |
| HTHT-PERP华住集团 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 10× | |
| FUTU-PERP富途控股 | — | — | +0.0000% | 0.00 USDG | Nasdaq | 10× |
How a trade settles结算
One treasury, one collateral asset, no share custody and no market hours.
Deposit USDG
Connect your Robinhood wallet and send USDG to the treasury on chain 4663. The transfer is a real ERC-20 transaction; the app credits your balance once it is mined.
Take a side
Pick a market, set margin and leverage, then sign the order. Entry is the live Yahoo Finance mark at the moment you sign — the client cannot choose its own price.
Close against the treasury
Close whenever you like. Profit is paid out of the treasury, loss is paid into it, and your idle balance can be withdrawn back to your wallet as USDG.
One treasury, both sides of every trade
There is no order book and no second trader to find. The treasury takes the other side of whatever you open: if you win, it pays you; if you lose, your margin goes to it. Because a small treasury cannot cover unlimited upside, each position carries an explicit maximum payout, shown in the ticket before you sign, and never more than the treasury's free liquidity.