Perpetual futures
Derivative contracts designed for ongoing price exposure without the ordinary expiration of dated futures.
In more detail
A perp position tracks price exposure rather than buying the underlying coins. Margin supports the position, and funding commonly helps align its price with the reference market. Conventional crypto perps have no ordinary expiry, but products using perpetual-style branding can have different settlement or expiry terms in their specifications.
How you might use it
"I'm long BTC through a perp contract; I don't own spot BTC from opening that position."
- Also called
- Perpetual contractPerpetual swap
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