SpaceX (SPCX) Perpetual Futures

The open-interest-weighted SPCX funding rate is +0.0143% per 8 hours, or +15.60% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from +0.0000% on ApeX to +0.0552% on Crypto.com. Compare all funding rates.

Yes, through SPCX perps, which are crypto-settled contracts that track the Nasdaq-listed SpaceX share price. They give no ownership of SpaceX shares, no voting rights and no dividends. Profit and loss is paid in stablecoins based on the move in the tracked price.

SpaceX is an American aerospace company founded by Elon Musk in 2002 that builds and launches rockets, including the reusable Falcon 9 and the Starship programme. It also runs Starlink, a satellite internet service. Its shares began trading on Nasdaq under the ticker SPCX in June 2026.

SPCX perps keep trading at night, at weekends and on US holidays, when the stock itself does not. With no live share price, the perp price is set by traders on the contract, and it can open far from the next Nasdaq price. Check each venue's contract specification for how the reference price is handled off-hours.

Earnings, launch results, Starship test flights and Starlink subscriber growth move the share price, and the perps follow. Elon Musk's public comments and broader tech-stock sentiment also shift positioning. Since the perps trade around the clock, reactions to weekend news show up before the stock market opens.

SPCX perpetual futures are derivatives contracts that track the price of SpaceX and never expire. They settle in crypto, usually USDT or USDC, so you get long or short price exposure with leverage without owning shares. A funding rate keeps the contract close to the reference price.

Funding is a payment between longs and shorts. When SPCX perps trade above the reference price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

SPCX perps trade on 9 tracked exchanges. By volume the largest are Binance, OKX and tradeXYZ. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.