AXL Perpetual Futures on PowerTrade – Funding Rate, Contract Specs & Trading Guide
Trade AXL perpetual futures on PowerTrade with zero fees, hourly settlements, and transparent funding rates based on the CoinGecko AXL/USDC index. Learn how Axelar perpetuals work, how funding works.
Trade AXL perpetual futures on PowerTrade with zero fees, hourly settlements, and benchmark-aligned funding rates powered by the CoinGecko AXL/USDC Index. AXL perpetuals let traders speculate or hedge Axelar price movements with leverage, multi-collateral margining, and transparent hourly funding.
👉 Start trading AXL Perpetual Futures now on PowerTrade or its decentralized counterpart Polaris.
What Are AXL Perpetual Futures?
AXL perpetual futures are leveraged derivatives that allow traders to take long or short positions on Axelar (AXL) without owning the underlying asset.
Long AXL Perpetual: Profit when AXL’s price rises.
Short AXL Perpetual: Profit when AXL’s price falls.
Unlike traditional dated futures, AXL perpetuals never expire. Instead, they use hourly funding payments between long and short traders to maintain alignment with AXL’s global spot market price.
AXL Perpetual Contract Specifications
Instrument Name
AXL-PERPETUAL
Underlying Asset
Axelar (AXL)
Settlement Currency
USDC
Leverage
Up to 100×
Settlement Frequency
Hourly
Trading Fees
0% maker / taker
Collateral Options
BTC, ETH, and stablecoins
Margin Mode
Isolated or Portfolio Margin
PowerTrade perpetuals combine zero-fee trading, multi-collateral flexibility, and institutional-grade performance, built for both professional and retail traders.
AXL Perpetual Funding Rate Explained
PowerTrade’s AXL funding rate ensures the perpetual contract price remains aligned with the AXL/USDC Index, sourced from CoinGecko.
Funding Rate Formula:
F = P + clamp(I – P, +0.05%, –0.05%)Where:
P (Premium Index): Difference between market and index price.
I (Interest Rate): 0.01% per 8 hours (applied hourly).
Clamp: Restricts adjustments to ±0.05% to stabilize funding costs.
Funding is applied hourly, impacting only positions open at the settlement timestamp. Positions closed beforehand incur no funding fees.
👉 Learn more: PowerTrade Funding Rate Calculation Guide
AXL/USDC Index Price Methodology
The AXL/USDC Index Price represents the fair global market value of Axelar (AXL) against USDC, calculated from aggregated spot market data through CoinGecko’s composite exchange feed.
📊 Reference Source: Axelar (AXL) on CoinGecko
Purpose of the Index
The index serves as the reference rate for AXL perpetual contracts — ensuring mark prices and liquidation levels mirror global AXL market conditions, not isolated exchange behavior.
This framework maintains pricing integrity, transparency, and fairness for all traders.
Index Construction
CoinGecko’s composite AXL index aggregates spot prices from top-tier exchanges and weights them by:
24-hour trading volume and liquidity depth
Data reliability and uptime
Consistency with the global average
Outlier and stale data are automatically excluded. PowerTrade integrates this validated feed to calculate mark prices and funding rates accurately.
Fallback Mechanism
If CoinGecko’s data feed becomes temporarily unavailable, PowerTrade switches to a pre-market internal index derived from AXL perpetual order-book bid/ask data. This ensures continuous pricing and fair liquidations even during external data interruptions.
Mark Price and Liquidation Logic
PowerTrade’s mark price mechanism smooths volatility and ensures fair PnL and liquidation logic:
Mark Price = Index Price + EMA(Market Price – Index Price)The EMA (Exponential Moving Average) is calculated over a 15-second window to reduce short-term price noise.
This ensures fair liquidation levels and accurate mark-to-market accounting.
PnL Formulas:
Long AXL:
PnL = Position Size × (Mark Price – Entry Price)Short AXL:
PnL = Position Size × (Entry Price – Mark Price)
Liquidation Trigger:
Account Balance + Unrealized PnL ≤ Maintenance Margin
Upon liquidation:
Open orders are canceled.
Positions are closed at market price.
PowerTrade’s insurance fund and auto-deleveraging (ADL) systems maintain market stability.
Why Trade AXL Perpetual Futures on PowerTrade?
✅ 0% Trading Fees – Zero maker/taker fees across all perpetual markets. ✅ Hourly Funding – More frequent and transparent than 8-hour cycles. ✅ Benchmark-Aligned Pricing – CoinGecko AXL index ensures fairness. ✅ Multi-Collateral Margining – Use BTC, ETH, or stablecoins as collateral. ✅ Portfolio Margin – Cross-margin perpetuals and options for efficiency. ✅ Trade Anywhere – On PowerTrade (CEX) or Polaris (DEX).
PowerTrade’s AXL perpetual markets deliver deep liquidity, verifiable transparency, and institutional-grade performance — ideal for both active and professional traders.
Example AXL Perpetual Use Cases
1️⃣ Hedge AXL Spot Exposure Short AXL perpetuals to protect your holdings during market pullbacks.
2️⃣ Leverage Trading Amplify AXL exposure with leverage for directional opportunities.
3️⃣ Funding Rate Arbitrage Profit from differences in AXL funding rates across exchanges.
4️⃣ Volatility Trading Trade AXL’s intraday volatility using leverage and 0% trading fees.
Funding Transparency and Reproducibility
PowerTrade offers complete funding transparency — all rates are reproducible from public order-book and index data. Every trader can independently verify calculations, reinforcing fairness and accountability.
👉 Full details: PowerTrade Perpetual Funding Rate Methodology
How to Start Trading AXL Perpetuals
Create an account on PowerTrade or Polaris.
Deposit collateral – USDC, BTC, or ETH.
Select AXL-PERPETUAL from the perpetual markets tab.
Trade instantly with 0% fees and hourly funding transparency.
Conclusion
PowerTrade’s AXL Perpetual Futures deliver the most efficient, transparent, and cost-effective way to trade Axelar with leverage. Whether you’re hedging, speculating, or arbitraging, PowerTrade and Polaris offer the most advanced and liquid AXL perpetual markets in crypto.
👉 Start trading AXL perpetuals today on PowerTrade or Polaris.
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