Practical Education: What is a "Perpetual Contract" in Futures?
They are the most popular type of derivatives in crypto. Unlike traditional futures, they do not have an expiration date. To keep the contract price aligned with the spot asset price, there is a "funding rate". If the funding is positive, those who are long pay those who are short. If negative, the opposite occurs. Understanding this is crucial for trading futures.
Explore the Futures interface. See the current funding rate for WIF and $PEPE, known for high derivative activity. Click to analyze!