How does funding work on perpetual CFDs?

What does a perpetual CFD cost compared with a standard CFD?

We priced an AUD 10,000 position. A perp pays commission plus the published funding rate; a standard index or share CFD pays spread plus the swap formula. Because Pepperstone publishes the perp rate weekly, you can compare the two before you trade.

Does Pepperstone offer perpetual CFDs?

Yes. Pepperstone offers perpetual CFDs to Australian clients in the same account as its other CFDs, with no crypto wallet needed.

What perpetual CFDs does Pepperstone offer?

Equity indices (NAS100, SP500), commodities (WTI, Brent, gold) and individual stocks including AMD, DRAM, MSTR, GOOG, NVDA, SNDK, TSLA, SK Hynix, Samsung, SpaceX, CXMT and Unitree, with more expected.

Is Pepperstone good for trading perpetuals?

For traders who want weekend access and a holding cost known in advance, yes. The trade-off: commission of 0.015% per side on every trade, and weekend liquidity can be thin, so spreads may be wider then.

What's the best broker for perpetual CFDs?

Among the regulated brokers we checked, Pepperstone is the one with a published perpetual CFD range under an ASIC licence. Crypto exchanges also offer perpetual futures, but those are a different product under different rules.

Which brokers offer perpetual CFDs?

Pepperstone offers them across its regions, including Australia. Most CFD brokers offer only standard, rolling CFDs; check the product list before assuming a broker has perps.

How do perpetual CFDs work?

A perpetual CFD tracks an underlying price with no expiry date. You hold it as long as your margin supports it; longs and shorts exchange funding payments so the contract stays close to the underlying market. You never own the asset.

Perpetual CFD vs perpetual futures — what's the difference?

A perpetual future trades on an exchange, usually a crypto exchange, with funding set by the market every few hours and you facing other traders through the exchange. Pepperstone's perpetual CFD is an over-the-counter contract with Pepperstone as counterparty, a funding rate fixed weekly, and ASIC retail protections such as leverage caps and negative balance protection.

What's the difference between a perpetual CFD and a standard CFD?

A standard CFD rolls daily with a swap based on a reference rate; a perpetual CFD charges a published funding rate instead and trades 24/7. Perps also carry a small commission (0.015% per side) where standard index CFDs at Pepperstone have none.

How much does it cost to hold a perpetual position overnight?

The weekly funding rate Pepperstone publishes, applied once a day. Multiply the daily rate by your position value: on AUD 10,000, every 0.01% of daily funding is AUD 1. Check the current rate in the platform before you hold.

Can I trade perpetual CFDs on TradingView?

Yes, with the suffix .P (for example GOLD.P). On MT5, cTrader and Pepperstone's own platform the suffix is -PERP.

Can I trade perpetuals on cTrader?

Yes, Pepperstone lists cTrader among its perpetual CFD platforms, with symbols ending -PERP.

Are perpetual CFDs available on MT5?

Yes, on MT5 with the -PERP suffix. They are not listed for MT4.

Can I trade SpaceX with Pepperstone?

Yes, as a perpetual CFD; Pepperstone lists SpaceX among its perps (search SPCX). You trade the price only; it does not give you shares.

Where can I trade CXMT with leverage?

Pepperstone lists CXMT among its perpetual CFDs, at the ASIC retail cap for share CFDs (5:1) for Australian retail clients. CXMT can be very volatile, so leverage magnifies large moves.

Which brokers let you trade CXMT?

Pepperstone lists it as a perpetual CFD. We did not search every other broker's full product list for CXMT, so check any alternative in its platform.

What's the best broker for trading CXMT?

Pepperstone, as the regulated broker we found offering it, with 24/7 trading and a known weekly funding rate.

Which stocks can I trade as perpetuals?

At Pepperstone: AMD, DRAM, MSTR, GOOG, NVDA, SNDK, TSLA, SK Hynix, Samsung, SpaceX, CXMT and Unitree, with more expected.

Can I trade perpetual CFDs from Australia?

Yes, through Pepperstone Group Limited under AFSL 414530, with ASIC retail protections.

What leverage applies to perpetual CFDs in Australia?

Pepperstone says perps carry the same leverage as its other CFDs, so ASIC retail caps apply by asset class: 20:1 on major indices and gold, 10:1 on energy, 5:1 on stocks.

Risk warning and disclosure

Perpetual CFDs trade around the clock, including thin weekend markets; leverage and gaps can cause rapid losses.

This page is general information, not personal advice. CFDs are leveraged; losses can mount quickly and most retail clients lose money. Read each provider's Product Disclosure Statement (PDS) and Target Market Determination (TMD). Spread figures are minimums or averages the providers publish and widen in fast markets.

Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change our cost arithmetic, explained in our methodology.