#futuros What is the difference between quarterly and perpetual futures? And which should you choose?

Both types of futures allow trading with leverage, but there are important differences.

Quarterly futures:

They have a fixed expiration date (for example, at the end of the quarter).

They do not require a financing rate.

They can be traded above or below the spot price, depending on demand.

Perpetual futures:

They have no expiration date.

There is a financing rate: payments between long and short positions.