home / glossary / Perpetual futures (perps)

> define perpetual-futures

Perpetual futures (perps)

Futures contracts with no expiry date, letting traders take leveraged long or short positions. A funding rate paid between longs and shorts keeps the contract price close to the spot price.

Related terms

LiquidationLeverage

Where this comes up in our coverage

EthereumETHBitcoinBTCRobinhood ChainHyperliquidHYPELighterLITAsterASTERPapertrade

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