Is perpetual funding charged daily or hourly?
Verdict
- Daily at Pepperstone, our pick for perpetual CFDs: the funding rate is set a week in advance and applied once a day at 5 pm New York time, so you know before Monday what holding a position will cost.
- In Singapore that charge lands at 5 am when the US is on daylight saving time and at 6 am when it is not.
- Pepperstone does not publish a fixed funding number in our sources; check the current week's rate on the platform before you open a position.
- Singapore clients trade through Pepperstone Markets Limited (SCB SIA-F217), which has no MAS licence; its retail table lists perpetuals on gold, NAS100, US500, WTI and Brent.
Funding frequency matters because it decides how often your cost can change and when it hits your balance. Pepperstone's answer is simple: once a day, at a rate fixed for the week.
How Pepperstone's funding clock works
Pepperstone's perpetual CFDs have no expiry, so instead of rolling a contract you pay (or are credited) funding. Pepperstone sets the rate weekly, in advance, and applies it daily at 5 pm New York time. Its perpetuals trade 24/7 on TradingView, MT5, cTrader and the Pepperstone app, and need no crypto wallet. On top of funding, its Australian pricing page shows a commission of 0.015% per side on most perpetuals and 0.03% on gold and MSTR.
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Why a weekly-set daily rate helps
- One charge a day means one number to track per position, not a stream of small adjustments.
- A rate fixed for the week cannot jump on you mid-week after a volatile session.
- You can work out the cost of a Monday-to-Friday hold before you place the trade.
- The trade-off: if conditions change mid-week, the rate won't follow until the next weekly reset.
Budgeting the funding on a position
The arithmetic is position value × daily rate × days held. Because Pepperstone doesn't publish a standing figure, use these ratios to scale whatever rate the platform shows:
| Position size | Per day at 0.01% | Over 5 days | Over 30 days |
|---|---|---|---|
| US$5,000 | US$0.50 | US$2.50 | US$15 |
| US$20,000 | US$2 | US$10 | US$60 |
| US$100,000 | US$10 | US$50 | US$300 |
Funding compared with a standard CFD's swap
On an ordinary cash CFD at Pepperstone you pay or receive overnight financing at the daily rollover, much like perpetual funding. The difference is the price you hold: the cash CFD trades during market hours only, while the perpetual trades all week and its funding rate is known in advance. For short holds, compare the perpetual's commission against the cash CFD, which carries no commission on indices.
Sources
Funding terms as Pepperstone publishes them.
What time is perpetual funding charged in Singapore?
At 5 pm New York time, which is 5 am Singapore time during US daylight saving and 6 am the rest of the year.
Is the funding rate the same all week?
Pepperstone sets it weekly, in advance, so the week's rate is known before it starts.
Is Pepperstone licensed in Singapore for perpetuals?
No. Pepperstone holds no MAS licence; Singapore residents are served by its Bahamas entity, licensed by the SCB (SIA-F217).
Perpetual CFDs are leveraged, and funding adds a daily cost that can outweigh small gains on long holds. Figures in the table are arithmetic examples, not quoted rates. Not investment advice.