Either side, one instrument
Go long if you think Unitree is worth more than the market says. Go short if you think the debut has run too far. Same contract, same mechanics.
Awards and independent ratings
Long or short on Unitree's listed share price, quoted in US dollars, around the clock, with no expiry date. UNITREE.CN-PERP is a synthetic CFD — you won't own shares.
Verification takes a few minutes with ID and proof of address. You decide when — and whether — to fund.
Already with Pepperstone? Log in and search UNITREE.CN-PERP
Awards and independent ratings
Switch the ledger to see exactly where the two differ.
Go long if you think Unitree is worth more than the market says. Go short if you think the debut has run too far. Same contract, same mechanics.
Hold a view for an hour or for months. There's no contract to roll and no date that forces you out of a position you still want.
No hourly funding. A weekly swap rate is set in advance and posted as daily entries at 17:00 New York, so the cost of carrying a position isn't a moving target.
The contract's price references Unitree's listed share price on the Shanghai STAR Market, converted into US dollars. It is not a share and it doesn't become one. You hold a position in a contract for difference with no claim on the company's assets, earnings or governance, and no route from the contract into the stock.
The pricing reference transitioned at listing. Open positions carried through with no action required from holders.
There's no hourly funding. A weekly swap rate is set in advance and posted as daily one-seventh entries at 17:00 New York. The price step you'll see around that time is offset by the swap — it's net-zero, not an error.
Margin is 50% for retail clients and 20% for professional clients — 2x and 5x. That's lower than perpetual venues elsewhere, deliberately. Standard CFD margin-call and stop-out rules apply, with no auto-deleveraging, no insurance-fund mechanics and no liquidation fees.
Leverage magnifies losses as well as gains, and a stop can be filled at a price materially worse than the level you set if the market gaps.
The STAR Market trades 09:30–11:30 and 13:00–15:00 China time on weekdays. UNITREE.CN-PERP is quoted 24 hours a day, seven days a week. When something happens on a Saturday, you can act on it.
It cuts the other way too. The contract can travel a long way while the exchange is closed, and it can do that while you're not watching. Exchange price limits cap the shares at ±20% a day after the first five sessions; no such limit applies to the contract.
Not realistically, if you're outside China. Domestic retail access to the STAR Market needs roughly ¥500,000 in average daily assets over 20 trading days plus two years' trading experience. Foreign access runs through the QFII programme, and Stock Connect only reaches STAR Market names once they join the SSE 180 or SSE 380 indices — which a new listing hasn't.
You also couldn't sell them short. That's the side this contract opens up.
A funded account on MT5, cTrader or the Pepperstone platform. It isn't available on MT4. Availability varies by the Pepperstone entity you're onboarded with — not available to clients of Pepperstone's EU entities, and UK clients must be professional clients.
It's probably not for you if you want share ownership, dividends, or a long-term holding you can put away and ignore. This is a leveraged trading instrument with an ongoing cost of carry, not an investment in Unitree.
We'd rather you traded this with a clear picture than a flattering one, so here are both halves of it.
UNITREE.CN-PERP
Long or short, quoted in US dollars, 24/7, no expiry.
Verification takes a few minutes. You decide when — and whether — to fund.
Already with Pepperstone? Log in and search UNITREE.CN-PERP
Availability varies by entity. Not available to clients of Pepperstone's EU entities. UK: professional clients only. Not available on MT4. Perp CFDs are complex, leveraged instruments — consider whether you understand how they work and whether you can afford to take the high risk of losing your money.