Perpetual futures contracts (or perps) are crypto derivatives that allow traders to speculate on the price of an asset without owning it. Unlike traditional futures, they don’t have an expiration date and instead use a funding rate mechanism to tether their price to the spot market.
Key Features:
• Trade long or short with leverage
• No expiry — hold positions indefinitely
• Settle in SUI/USDC
• Funding fees paid between traders to balance long/short positioning
🚀 Spot vs. Perpetual Futures at a Glance
Spot Trading
Perpetual Futures
Ownership
Direct asset ownership
No ownership — you're trading a contract
Settlement
Immediate
No expiry; settled through margin/funding
Leverage
None (unless using margin)
High leverage available (up to 100x on some platforms)