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What Is a Decentralized Perpetual Swap?

A derivative with no expiration date that uses a funding rate to peg its price to the underlying crypto asset's spot price.
Greeks.Live17.11.25

What Is a Decentralized Perpetual Swap?

A decentralized perpetual swap is a financial derivative that allows traders to speculate on the future price of a crypto asset without an expiration date. Unlike traditional futures, it uses a 'funding rate' mechanism to keep the contract price pegged to the underlying asset's spot price, and all trades are executed on a DEX via smart contracts.

How Does the ‘Basis’ of a Perpetual Swap Relate to the Funding Rate?
How Can a Trader Use a Negative Funding Rate to Execute a ‘Cash and Carry’ Arbitrage Strategy?
What Is a Decentralized Perpetual Swap and How Does It Function?
What Is a Perpetual Swap and How Does It Manage the Lack of a Fixed Expiration?

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