What are Perpetual-Style Futures?

A tiered commission structure based on order size applies to US Spot Gold. The starting commission rate is only 1.5 basis points or 0.015% for US Spot Gold.

IBKR passes through prices from its liquidity providers without widening the spread. The true transaction cost for trading Spot Gold (USGOLD) is reflected in our low commissions…

Perpetual-Style Futures are long-dated futures products that contain a funding rate component. Unlike conventional short-dated futures, Perpetual-Style Futures allow traders to hold positions for an extended period. 

The funding rate is a mechanism used in Perpetual-Style Futures markets to keep the contract's price in line with the underlying asset's spot price. On an on-going basis, at intervals determined by the relevant exchange, funding payments are made between participants who have a position on the Perpetual-Style Futures market based on the funding rate:…

Unlike stocks, which offer a continuous stream of prices, futures contracts trade in a series of contracts with fixed maturity, generally limited to a duration of a few months.  A similar price history for futures, however, can be simulated through the creation of a…

The funding rate is a percentage-based rate derived from the average difference between the futures price and the spot price over a time period determined by the exchange. It exists to keep the futures price closely aligned with the spot price by periodically transferring value between long and short positions…