Perpetuals
DeFi
Derivatives without expiry; funding aligns price to spot.
Perpetual futures provide leveraged exposure without an expiry date. Funding payments between longs and shorts help keep the contract price near spot.
Frequently asked questions
How do funding payments work?
If the perp trades above spot, longs pay shorts. If below, shorts pay longs. It nudges price toward spot.What risks do perps have?
Leverage and liquidations, plus funding costs that can change PnL over time.Should beginners trade perps?
Be cautious. Learn on testnets and start with very small size if you trade them.