Trade perpetual CFDs 24/7
Your position, your timeline. With no expiry dates, no crypto wallet required, and funding rates known upfront, perpetual CFDs put you in the driver’s seat.
What are perpetual CFDs?
A perpetual CFD ("Perps”/ “Perps CFDs") is a contract for difference that references the price of a perpetual futures market or other defined reference price. It does not give you ownership of the underlying asset, the reference market, any crypto-asset, token or shares. There is no fixed expiry date, but positions remain subject to margin requirements, stop-out rules, trading suspensions, market disruption, liquidity, product availability and applicable costs.
Traders holding long and short positions exchange funding payments on a regular schedule. When longs outnumber shorts, long holders pay short holders and vice versa. This keeps the contract price in line with the underlying market.
CFDs are what we do. Perpetual CFDs are what’s next.
Pepperstone has offered CFDs across forex, metals, indices, equities and crypto since our founding. As markets evolve, so does our product range. Perpetual CFDs are our latest addition. They work like the CFDs you already know – same platforms, same account, same regulatory protections. The key difference: no expiry date, and a transparent weekly funding rate – set in advance and applied daily as a swap, so you know your holding cost before the day begins.
Why trade PERP CFDs?
No fixed expiry date
Perpetual CFDs have no fixed end date. Hold your position as long as your margin supports it – no rollovers, no forced closes at contract expiry. Positions can still be closed due to margin close-out, stop-out, market disruption or product availability.
Weekly funding rate
We've replicated peer-to-peer perp funding, but made it more predictable. A fixed rate is published weekly and applied once daily — so you always know your holding cost before the trading day begins.
No fixed expiry date
Perpetual CFDs have no fixed end date. Hold your position as long as your margin supports it – no rollovers, no forced closes at contract expiry. Positions can still be closed due to margin close-out, stop-out, market disruption or product availability.
Weekly funding rate
We've replicated peer-to-peer perp funding, but made it more predictable. A fixed rate is published weekly and applied once daily — so you always know your holding cost before the trading day begins.
Weekly funding rate
We've replicated peer-to-peer perp funding, but made it more predictable. A fixed rate is published weekly and applied once daily — so you always know your holding cost before the trading day begins.
No fixed expiry date
Perpetual CFDs have no fixed end date. Hold your position as long as your margin supports it – no rollovers, no forced closes at contract expiry. Positions can still be closed due to margin close-out, stop-out, market disruption or product availability.
Go long or short, 24/7
Take a view in either direction on any instrument in the perpetual range, 24/7. Same leverage, same execution, same platforms you already use with Pepperstone.
Built and managed in-house
The funding mechanism and instrument infrastructure are entirely proprietary. Expect an ever-expanding range of perpetual instruments, giving you more markets to trade as demand grows.
Go long or short, 24/7
Take a view in either direction on any instrument in the perpetual range, 24/7. Same leverage, same execution, same platforms you already use with Pepperstone.
Built and managed in-house
The funding mechanism and instrument infrastructure are entirely proprietary. Expect an ever-expanding range of perpetual instruments, giving you more markets to trade as demand grows.
Built and managed in-house
The funding mechanism and instrument infrastructure are entirely proprietary. Expect an ever-expanding range of perpetual instruments, giving you more markets to trade as demand grows.
Go long or short, 24/7
Take a view in either direction on any instrument in the perpetual range, 24/7. Same leverage, same execution, same platforms you already use with Pepperstone.
SpaceX is live. Trade it 24/7.
SpaceX is now available as a Perpetual CFD. Take a long or short position at any time – no expiry date, no wallet, no market hours restrictions.
You do not own SpaceX shares, participate in any IPO, or receive any shareholder rights. Trading is subject to Pepperstone’s trading hours, liquidity, pricing, margin requirements and product terms.
Latest pricing
Access a growing range of perpetual CFDs including SpaceX, with more instruments expected as the perpetual market continues to evolve.
| Bid | Ask | Spread | ||
| SPCX.US-PERP | — | — | — | Trade |
| GOLD-PERP | — | — | — | Trade |
| WTI-PERP | — | — | — | Trade |
| BRENT-PERP | — | — | — | Trade |
| US500-PERP | — | — | — | Trade |
| NAS100-PERP | — | — | — | Trade |
Ready to start trading perpetual CFDs?
Open and fund your account
Get started with a live trading account.
Log in to your platform
Access TradingView, MT5, cTrader, or the Pepperstone platform.
Search for PERP CFDs
Find instruments like SPCX.
Place your trade
Execute your position and manage risk using built-in tools.
Why trade PERP CFDs with Pepperstone?
Pepperstone gives you the execution, platforms and regulatory protections to trade perpetual CFDs with confidence.
Perpetual CFDs remain complex, high-risk leveraged products and may not be suitable for all clients.
Fast and reliable execution
Receive a 99.00% fill rate, with no dealer intervention.¹
Elite tech
Choose from TradingView, MT5, cTrader or our native platform and app.
Expert support
Get support 24 hours a day Monday to Friday, and 18 hours on weekends.
Fast and reliable execution
Receive a 99.00% fill rate, with no dealer intervention.¹
Elite tech
Choose from TradingView, MT5, cTrader or our native platform and app.
Expert support
Get support 24 hours a day Monday to Friday, and 18 hours on weekends.
Fast and reliable execution
Receive a 99.00% fill rate, with no dealer intervention.¹
Elite tech
Choose from TradingView, MT5, cTrader or our native platform and app.
Expert support
Get support 24 hours a day Monday to Friday, and 18 hours on weekends.
Perpetual CFDs FAQs
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. Funding is exchanged between buyers and sellers on a regular schedule. At Pepperstone, the rate is set weekly in advance and applied daily as a swap, so you'll see it on your platform like any other swap entry.
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's overnight swap is based on interest rates, and it may reference a dated futures contract that rolls at expiry. A perpetual CFD has no expiry date, and its swap is based on a funding rate instead – set weekly in advance and applied daily. This makes it closer in structure to crypto-native perpetual futures, but within a regulated CFD account.
Ready to trade with Pepperstone?
199.00% fill rates are based on all trades data between 01/01/2026 and 31/03/2026.