A perpetual future (or 'perp') is a derivatives contract that tracks an asset's price but never expires. Instead of a settlement date, it uses a funding rate to keep its price tethered to spot. Perps dominate crypto trading volume and are where most leverage, funding and liquidation activity happens.
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FAQ
What is Perpetual futures?
A perpetual future (or 'perp') is a derivatives contract that tracks an asset's price but never expires. Instead of a settlement date, it uses a funding rate to keep its price tethered to spot. Perps dominate crypto trading volume and are where most leverage, funding and liquidation activity happens.