Perpetual Futures
Derivative contracts without expiry that track the underlying asset price, allowing leveraged positions.
Derivative contracts without expiry that track the underlying asset price, allowing leveraged positions.
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Sep 2026 · نقاط الحداثة: 50%
What is Perpetual Futures?
Derivative contracts without expiry that track the underlying asset price, allowing leveraged positions.
- Category
- concept
- Type
- Authority Node
- المصادر
- 1
Traders open long or short positions with leverage, posting margin as collateral. A funding mechanism periodically transfers payments between longs and shorts to align the perpetual price with the underlying. Positions can be liquidated if
Perpetuals are the largest crypto derivatives product and a major source of exchange revenue. On-chain versions bring leveraged trading to DeFi with transparency. They carry high liquidation and smart contract risk.
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Overview
Perpetual futures are derivative contracts without expiry that track an underlying asset's price, allowing leveraged positions. They dominate on-chain and centralized derivatives trading. Funding rates keep their price anchored to the spot market.
How It Works
Traders open long or short positions with leverage, posting margin as collateral. A funding mechanism periodically transfers payments between longs and shorts to align the perpetual price with the underlying. Positions can be liquidated if margin is insufficient.
Why It Matters
Perpetuals are the largest crypto derivatives product and a major source of exchange revenue. On-chain versions bring leveraged trading to DeFi with transparency. They carry high liquidation and smart contract risk.
Related Concepts
Perpetual Futures are offered by dYdX, GMX, and centralized exchanges. They depend on Oracles for pricing and connect to Margin and Liquidation concepts.
Frequently Asked Questions
What is Perpetual Futures?
Derivative contracts without expiry that track the underlying asset price, allowing leveraged positions.
How does Perpetual Futures work?
Perpetual futures are derivative contracts without expiry that track an underlying asset's price, allowing leveraged positions. They dominate on-chain and centralized derivatives trading. Funding rates keep their price anchored to the spot market. Traders open long or short positions with leverage,
Why does Perpetual Futures matter in Web3?
Traders open long or short positions with leverage, posting margin as collateral. A funding mechanism periodically transfers payments between longs and shorts to align the perpetual price with the underlying. Positions can be liquidated if margin is insufficient. Perpetuals are the largest crypto d