Trading & Markets

Perpetual Futures

Also: Perps, Perpetual Swaps

Futures with no expiry date, which are the most traded crypto derivative. A funding rate keeps their price close to the spot price. High leverage makes them a major source of liquidations.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.