Tokenized stock & ETF funding rates
Live funding for 16 equity-linked perpetuals — tokenized stocks and ETFs such as NVDA, AAPL, TSLA and SPY that trade on-chain around the clock. Each page compares the annualized funding across venues and the best delta-neutral spread, net of fees. New to this? Read the xStocks guide.
| Ticker | Name | Best net APR | Venues |
|---|---|---|---|
| MU | Micron | 95% | 15 |
| MSTR | Strategy (MicroStrategy) | 51% | 15 |
| GOOGL | Alphabet (Google) | 42% | 16 |
| XAU | Gold | 15% | 16 |
| MSFT | Microsoft | 11% | 16 |
| TSLA | Tesla | 36% | 13 |
| NVDA | NVIDIA | 10% | 13 |
| AMZN | Amazon | 24% | 13 |
| AMD | AMD | 29% | 12 |
| AAPL | Apple | 20% | 13 |
| HOOD | Robinhood | 19% | 12 |
| COIN | Coinbase | 40% | 11 |
| META | Meta | 4% | 12 |
| QQQ | Nasdaq-100 ETF | 31% | 10 |
| SPY | S&P 500 ETF | 24% | 10 |
| AVGO | Broadcom | 9% | 10 |
APR is annualized, net of fees. Coverage varies per asset.
About tokenized stock funding
A tokenized stock perpetual lets you trade equity exposure on-chain, 24/7, with a funding rate that keeps the perp tethered to the token. The delta-neutral play is spot-perp cash-and-carry: hold the token and short the perp to collect funding while price cancels — sometimes with incentive points on top. The catch is the same as anywhere: thin liquidity caps size, funding decays, and the underlying only moves during market hours. See the xStocks guide for the full picture and the methodology for how funding is measured.
Frequently asked questions
What are tokenized stock perpetuals?
They are perpetual futures on equity-linked tokens — assets like NVDA, AAPL or SPY that track a real stock or ETF but trade on-chain 24/7. Like any perp, they have a funding rate, which is what Perpia compares across venues.
How is stock funding arbitrage different from crypto?
The mechanics are the same, but the token and perp trade around the clock while the underlying share only moves during market hours — so funding and basis can drift over nights and weekends. Liquidity is thinner, and you also carry the token issuer's peg and redemption risk.