Why Might a Trader Prefer a Perpetual Futures Contract over a Traditional One for Speculation?

Traders prefer perpetual futures for speculation primarily because of the absence of an expiration date, which removes the need for rolling over positions. This allows for simpler long-term directional bets.

Furthermore, the higher liquidity often leads to tighter bid-ask spreads and better execution prices. The funding rate is a manageable cost or income stream, unlike the certainty of expiration.