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Lesson 19: What Is a Perpetual Contract vs Quarterly Futures? ๐ โก
Not all futures contracts are the same. If you donโt know the difference between Perpetual and Quarterly Futures, you might be trading the wrong one ๐ค
Letโs make it crystal clear ๐
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๐ Perpetual Contracts
No expiry date โ you can hold forever (if not liquidated ๐ )
Uses funding fees every 8 hours to stay close to spot price
Most popular and liquid product on Binance Futures
Best for: Short-term, swing, and active traders ๐ฅ
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๐ Quarterly Futures
Has a fixed expiry (e.g. every 3 months) ๐๏ธ
No funding fee
Final PnL settled at expiry price
Trades may diverge more from the spot price as expiry nears
Best for: Long-term bets or arbitrage strategies ๐๐
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Quick Comparison ๐ง
Feature Perpetual Quarterly
Expiry โ None โ Yes (Every 3 Months)
Funding Fee โ Yes (8h) โ None
Popularity ๐ฅ Very High Moderate
Risk of Expiry โ None โ Yes
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Pro Tip ๐
Stick with Perpetuals if you're active and want flexibility.
Use Quarterlies if you have a directional view over weeks/months and want to avoid funding fees.
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Next up: Lesson 20 โ What Is a Short Squeeze vs Long Squeeze ๐งจ๐๐
