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Sorry to be pedantic, but the perpetual is a swap not a future.
by justjonathan 6y ago
Sorry to be pedantic, but the perpetual is a swap not a future.
- hntrader 6y agoCorrect. I'm saying it behaves like a futures contract in the sense it is delta one. It serves the same purpose as a futures contract but achieves that through a different mechanism. EDIT: My apologies, you are right. I called it a "Perpetual Future" in my OP, which was a typo. It should've read "Perpetual Swap".