Skip to main contentWhat is a Perpetual Future?
A Perpetual Futures contract is similar to a traditional futures contract that never expires. It uses periodic settlements (e.g., daily) to exchange cash differences between the mark price and the underlying benchmark price.
Expiration
Perpetual Futures do not expire, allowing indefinite holding as long as margin requirements are met.
Tracking Mechanism
They use a funding rate mechanism to keep the contract price aligned with the underlying index.
Are they crypto products?
No. Although popular in crypto markets, Architect’s Perpetual Futures track traditional assets and do not have crypto underlyings.
Trading Mechanics
Perpetual Futures trade on an order book based on price-time priority.
Advantages
- No expiry or rollover costs
- Cash-settled (no physical delivery)
- Regular funding keeps price aligned
- 24/7 trading
- Efficient leverage and margin
- Ability to short positions
