Live funding for 33 equity-linked perpetuals — tokenized stocks and ETFs such as NVDA, AAPL, TSLA and SPY that trade on-chain around the clock. Each ticker has its own page comparing annualized funding across venues and the best delta-neutral spread, net of fees. New to this? Read the xStocks guide.
Stock perpetuals
TradFi tickers · best route per ticker| Ticker | Name | Long | Short | Net APR | Cost | Liquidity |
|---|---|---|---|---|---|---|
| Alphabet (Google) | Nado-10.3% | GMTrade+175.6% | 182% | 0.27% | $121K | |
| Lam Research | Bitget+0.0% | Paragon+137.2% | 108% | 0.83% | $57K | |
| Micron | Nado-92.2% | Sodex+5.5% | 93% | 0.11% | $29K | |
| Marvell | Hyperliquid-98.9% | Bitget+0.0% | 88% | 0.16% | $5.7M | |
| Lumentum | Hyperliquid-65.0% | Gate.io+0.0% | 62% | 0.18% | $4.0M | |
| Oklo | Bitget+0.0% | OKX+63.8% | 59% | 0.65% | $103K | |
| Apple | Nado-52.1% | Ondo Perps+5.5% | 54% | 0.08% | $91K | |
| Broadcom | Nado-30.2% | OKX+21.6% | 51% | 0.15% | $225K | |
| Intel | Nado-55.7% | Ondo Perps+5.5% | 50% | 0.18% | $91K | |
| Netflix | Bitget+0.0% | Bybit+52.1% | 49% | 0.20% | $3.2M | |
| Meta | Nado-18.6% | Risex+32.8% | 49% | 0.09% | $197K | |
| AMD | Nado-28.3% | Aster+23.1% | 46% | 0.17% | $115K | |
| Nasdaq-100 ETF | Nado-42.5% | Ondo Perps+5.5% | 44% | 0.10% | $739K | |
| AppLovin | Bitget+0.0% | OKX+45.0% | 41% | 0.43% | $214K | |
| Tesla | Nado-32.2% | Pacifica+10.9% | 39% | 0.23% | $99K | |
| GameStop | Bitget+0.0% | Hyperliquid+36.8% | 36% | 0.31% | $330K | |
| Adobe | Gate.io+0.0% | Variational+38.3% | 36% | 0.16% | $139K | |
| Oracle | Nado-33.7% | Ondo Perps+5.5% | 33% | 0.20% | $21K | |
| Semiconductor ETF | Hyperliquid-49.8% | Paragon+6.6% | 33% | 1.75% | $149K | |
| Amazon | Gate.io+0.0% | OKX+33.8% | 32% | 0.14% | $2.7M | |
| TSMC | Hyperliquid-32.6% | Lighter+3.5% | 29% | 0.20% | $54K | |
| NVIDIA | Nado-19.2% | Pacifica+10.9% | 27% | 0.25% | $316K | |
| Eli Lilly | Bitget+0.0% | Hyperliquid+24.6% | 27% | 0.27% | $392K | |
| AST SpaceMobile | Bitget+0.0% | Gate.io+27.7% | 25% | 0.23% | $610K | |
| SanDisk | Pacifica-17.2% | Sodex+9.7% | 22% | 0.24% | $879K | |
| Circle | Nado-6.2% | Vest+28.1% | 19% | 1.07% | $53K | |
| Strategy (MicroStrategy) | Ostium+0.0% | Sodex+26.5% | 18% | 0.51% | $5K | |
| Robinhood | Hyperliquid-6.3% | Pacifica+10.9% | 18% | 0.32% | $5.9M | |
| Coinbase | Hyperliquid-6.3% | OKX+7.3% | 12% | 0.21% | $4.3M | |
| Novo Nordisk | Bybit+0.0% | Variational+16.5% | 11% | 0.29% | $28K | |
| Palantir | Variational+0.0% | Lighter+12.3% | 8% | 0.07% | $529K | |
| S&P 500 ETF | Nado-7.3% | Bitget+0.0% | 4% | 0.14% | $265K | |
| Microsoft | Variational+0.0% | Ondo Perps+5.5% | 4% | 0.12% | $790K |
Funding on a stock perp is paid only during market hours on most venues. A live rate outside the session is a forecast, not income — compare the multi-day average instead. 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 directional price exposure is reduced — 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.
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.