In this case perp is short for “Perpetual Swap” (or “perpetual future” depending on the way the structure is set up) ie there is no expiry date. But yes. It c

In this case perp is short for “Perpetual Swap” (or “perpetual future” depending on the way the structure is set up) ie there is no expiry date. But yes. It could equally be short for “perpetrator” in this case in particular.