A perpetual CFD is a derivative contract that tracks an underlying asset with no expiry date. Unlike dated futures or CFDs, you can hold your position indefinitely as long as your margin supports it. Instead of overnight swap charges, funding is exchanged between buyers and sellers on a regular schedule.

We publish a fixed funding rate at the start of each week. This rate is applied once daily, rather than multiple times a day as on crypto exchanges. Funding flows peer-to-peer – longs pay shorts or vice versa depending on market conditions. There is no broker markup on the funding rate.

We launched with SPCX IPO (SpaceX). A pipeline of further instruments is in development, including equity indices (NAS100, SP500), commodities (WTI, BRENT, Gold, Silver), individual equities (MSTR, TSLA, GOOGL, AMD), crypto (BTC, ETH, HYPE), and further pre-IPOs including Anthropic and OpenAI.

No. Perpetual CFDs at Pepperstone sit inside your standard trading account. You fund and withdraw using the same methods as any other instrument – no crypto wallet, no self-custody, no bridge required.

Yes. Perpetual CFDs are available on TradingView, MT5, and the Pepperstone app using your existing login.

A standard CFD typically has an overnight swap charge and may reference a dated futures contract that rolls at expiry. A perpetual CFD has no expiry date and uses a funding rate mechanism instead of swaps, making it closer in structure to crypto-native perpetual futures – but within a regulated CFD account.