What Are Perpetual Futures?

Perpetual futures are derivative contracts with no expiration or settlement date, allowing positions to be held indefinitely. Websea uses a funding rate mechanism to keep perpetual contract prices closely aligned with spot market prices. Currently, Websea offers USDT-margined perpetual contracts, covering major cryptocurrencies such as BTC and ETH.

Key Features of Perpetual Futures

(1) No Expiry

Positions can be held long term, and users may close positions at their discretion based on market conditions.

(2) Funding Rate Mechanism

• Funding is settled at fixed times each day (typically 16:00, 00:00, and 08:00 UTC).
• The mechanism balances long and short positions and prevents long-term deviation from the spot price.
• Funding fees are exchanged directly between long and short position holders; the platform does not charge funding fees.

(3) High Leverage Support

• Leverage of up to 100x is supported.
• Higher leverage increases both potential returns and potential losses, significantly amplifying risk.