What is a Perpetual Swap Contract?
A perpetual swap contract is a type of derivative product and is an agreement to buy or sell a commodity, currency or other instruments at a predetermined price at a specified time in the future but doesn't have a specified termination date.
No expiry date
Perpetual swap contract does not have an expiry date, providing an advantage for all speculative traders, traders who can hedge or even hold their positions as long as they want. Additionally, there are no settlements apart from funding, which is reconciled every eight hours.
Overbit's perpetual swap contract offers up to 500x leverage on non-crypto instruments and 50x on crypto instruments.