Learn
Understand crypto derivatives trading — from the basics of perpetual contracts to advanced strategies.
Basics
Core concepts for crypto derivatives trading.
- What is a Perpetual Contract?A perpetual contract (perp) is a type of derivatives contract that lets you trade an asset with leverage — with no expiry date. Learn how perps work and why they dominate crypto trading.
- What Are Perpetual Futures? A Beginner Guide to PerpsPerpetual futures (perps) let you trade crypto with leverage and no expiry date. Learn how perps work, why they dominate crypto trading, and how to get started.
- Explain Perps Like I'm 5: The Simplest Guide to Perpetual FuturesPerpetual futures explained in plain English with simple analogies. No jargon, no math — just a clear explanation of what perps are and how they work.
- What Does Long vs. Short Mean in Crypto Trading?Long means you profit when the price goes up. Short means you profit when it goes down. Learn what long and short positions are, with clear examples.
- Why Isn't There a Buy Button? How Perp Exchanges WorkPerpetual futures exchanges show "Long" and "Short" instead of "Buy" and "Sell." Learn why the interface is different from spot exchanges and what each button does.
Trading Mechanics
How leverage, margin, and risk management work in practice.