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What Are “Perpetual Swaps” in Cryptocurrency Derivatives?

Futures without Expiration. Mimics Spot Market. Funding Rate $rightarrow$ Price Anchor. 20.
Greeks.Live18.11.25

What Are “Perpetual Swaps” in Cryptocurrency Derivatives?

Perpetual Swaps are a type of futures contract without an expiration date. They mimic the mechanics of a margin-traded spot market while allowing for high leverage.

To keep the swap price anchored to the underlying spot price, a "Funding Rate" mechanism is used, where traders on one side of the trade pay traders on the other side at regular intervals.

How Does a ‘Perpetual Swap’ Differ from a Traditional Futures Contract?
How Do Perpetual Swaps Maintain a Price Close to the Underlying Spot Price without an Expiration Date?
How Is a ‘Perpetual Futures Contract’ Different from a Standard Futures Contract in Crypto?
What Is a ‘Perpetual Contract’ and How Does It Differ from a Traditional Futures Contract?

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