PLAIN ENGLISH
What does Perpetuals / Perps mean?
Perpetual futures, usually called perps, track an underlying asset without expiring and use funding payments to help keep contract price near spot.
IN THE WILD
How people use it
Used in active trading, chart discussion and risk-management conversations.
EXAMPLE“I am trading perps instead of spot for this setup.”
ALSO USED AS
perps · perpetual futures