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What Are Perpetual Futures in Crypto Trading?
Perpetual futures let you trade crypto with leverage without expiration dates. Understand how perps work and why they dominate derivatives volume.
Most Traded Perpetual Contracts
Real-time perpetual futures prices across the most liquid crypto markets.
Perpetuals Trading by the Numbers
Trade on evedex exchange. Perpetual futures account for over 70% of global crypto derivatives volume.
Why Traders Choose Perpetual Futures
No Settlement Dates
Unlike traditional futures, perpetual contracts never expire. Hold positions as long as you maintain margin.
Funding Rate Mechanism
Periodic payments between longs and shorts keep perpetual prices anchored to the spot index.
High Leverage Access
Trade with up to 125x leverage on major pairs. Amplify capital efficiency for short-term strategies.
Deep Liquidity
Perpetuals dominate crypto derivatives. Tighter spreads and better execution than quarterly contracts.
Mark Price vs Last Price
Liquidations use a mark price derived from multiple spot exchanges to prevent manipulation and cascading liquidations.
Common Questions
Spot trading requires full capital to buy an asset. Perpetual futures use leverage and margin, letting you control larger positions with less capital. You never own the underlying asset — you're trading a contract that tracks the price.
Funding rates are periodic payments exchanged between long and short traders every 8 hours. When the perpetual trades above spot, longs pay shorts. When below, shorts pay longs. This keeps the perpetual price tethered to the spot index.
Yes, as long as you maintain sufficient margin and pay or receive funding. Decentralized perpetual exchanges allow you to hold positions without expiration, unlike quarterly futures that force settlement.
Liquidation occurs when your margin falls below the maintenance requirement. The exchange closes your position at the bankruptcy price, and you lose your initial margin. Using lower leverage and monitoring mark price reduces liquidation risk.
Yes. Decentralized perpetual exchanges use on-chain order books or virtual automated market makers to offer perps trading without custody. You keep control of your funds and trade directly from your wallet.