What are perpetual contracts in OPUSDT futures trading?

What are perpetual contracts in OPUSDT futures trading?

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Perpetual contracts are a type of futures contract that differs from traditional futures in that they have no expiration date. This means that traders can hold their OPUSDT positions for as long as they want, as long as they meet the margin requirements. These contracts also use a funding rate mechanism to maintain the price of the perpetual contract close to the spot price. If the funding rate is positive, traders who are long pay a fee to traders who are short, and vice versa if the rate is negative. This system helps align futures prices with the underlying spot market. Perpetual contracts offer flexibility and are popular among traders looking to profit from both short-term and long-term price movements. To start trading perpetual OPUSDT contracts, visit OPUSDT.