Is perpetual funding charged daily or hourly?
Key takeaways
- Pepperstone perp funding: one weekly rate, published in advance, charged daily (one-seventh) at 5 pm New York.
- Commission: 0.015% per side; gold and MSTR 0.03%.
- Platforms: MT5, cTrader, TradingView (".P" suffix) and Pepperstone's own; not MT4.
- Pepperstone's example: $40,000 gold perp at 0.14% a week = $8 a day, $56 a week.
- No expiry; positions stay open while margin allows.
What is the best broker for perpetual CFDs?
Among brokers that accept Singapore residents, Pepperstone is the one eccrypto.com found with perpetual CFDs on indices, commodities and stocks, not just crypto.
What instruments are available as perpetual CFDs?
Pepperstone's list includes the Nasdaq 100, S&P 500, WTI, Brent, gold, and stocks such as Nvidia, Tesla, Alphabet, AMD and MicroStrategy. The list grows; check the symbols ending in PERP on the platform.
What is the difference between a perpetual CFD and a standard CFD?
A standard CFD follows the market's hours and pays an overnight swap. A perpetual CFD trades 24/7, including weekends, and pays a funding rate set by long and short positioning instead.
| Perpetual CFD | Spot CFD | Forward CFD | |
|---|---|---|---|
| Hours | 24/7 | Weekdays | Exchange hours |
| Expiry | None | None | Rolls monthly |
| Holding cost | Weekly funding rate | Daily swap | Built into price |
Are perpetual CFDs available on MT5?
Yes, with the PERP suffix. They are not on MT4.
Can I trade perpetuals on cTrader?
Yes, Pepperstone offers its perpetual CFDs on cTrader.
Can I trade perpetual CFDs on TradingView?
Yes, on a Razor account; on TradingView the symbols end in .P.
How much does it cost to hold a perpetual position overnight?
One-seventh of the weekly funding rate times your notional, each day. At an assumed 0.10% a week, a $10,000 position pays about $1.43 a day on the paying side, or receives it on the other. Add 0.015% commission each way ($1.50).
Is it cheaper to hold a perpetual CFD or roll a futures contract?
It depends on the funding rate. A futures roll costs the spread twice plus the price gap between months; a perp costs the funding. Pepperstone's forward CFDs roll automatically with the cost in the price, so compare all three before a long hold.
Where can I trade perpetuals on stocks, commodities and indices?
At Pepperstone, from one CFD account, on MT5, cTrader, TradingView and its own platform.
Do perpetual CFDs have an expiry date?
No. You can hold one for as long as your account has margin.
Perpetual CFDs versus futures, which is better?
Futures are exchange-traded and cleared, with set contract sizes; perps are OTC with your broker, sized freely and open at weekends. For a small account wanting weekend access, perps; for large size and an exchange counterparty, futures.
Risk warning and disclosure
Funding rates can turn against your position; check the published weekly rate before you hold through the week.
This page is general information, not personal advice. CFDs are leveraged; losses can mount quickly and most retail clients lose money. Pepperstone and XS serve Singapore residents from offshore entities without a MAS licence, so MAS rules and Singapore dispute channels do not cover those accounts. 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.
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We earn a commission on some links. It never changes the ranking — our method is published and the data is sourced.
Crypto is volatile and largely unregulated. CFDs are leveraged and most retail accounts lose money. Never risk money you cannot afford to lose.
Information only. This is not investment advice.