What Is the Main Advantage of a Perpetual Swap over a Traditional Futures Contract for a Retail Trader?

The main advantage for a retail trader is the elimination of the need to 'roll over' their position. Traditional futures contracts expire, forcing the trader to close and reopen a new contract, which incurs transaction costs and roll yield risk.

Perpetual swaps allow the trader to maintain a continuous, open position indefinitely without managing expiration dates, simplifying long-term directional trading strategies.