Learn How Perpetual Futures Work
Understand pricing, funding, margin, leverage, liquidation, profit and loss, order execution and risk.
Start With the Mechanics Behind Every Position
A perpetual position is affected by more than the direction of the market.
Its result also depends on the contract type, the price used to value the position, the collateral supporting it, the funding paid or received, the fees charged and the rules a platform uses to manage liquidation.
Understanding these mechanics makes it easier to compare contracts, interpret trading costs and recognize risks before they become losses.
A Clear Learning Path
- Learn how perpetual contracts differ from spot trading, traditional futures, margin trading and CFDs.
- Understand how index prices, mark prices and funding payments keep a perpetual contract connected to its reference market.
- Study margin, leverage and liquidation together, because changing one affects the others.
- Learn how profit, loss, fees, funding, spreads and slippage determine the real result of a trade.
- Explore order types, market data, platform risks and the behavior that often leads traders into avoidable mistakes.
Choose the Right Next Step
Use Trading when you want to apply these concepts to opening or managing a position.
Use Exchanges when you want to compare where perpetual contracts are available. Use Markets when you want to study contracts linked to a particular asset, index, currency or commodity.
Perpetual futures can produce rapid losses, especially when leverage is involved. Read the risk disclosure before committing capital.