Perpetual Futures (Perp)
A futures contract with no expiry, kept tethered to the underlying spot price by funding payments.
Binance USDT-M Perpetuals are the dominant venue for crypto leverage trading, with volumes typically several times higher than spot.
Because perps have no settlement date, traders pay or receive funding to align perp price with spot. This funding mechanic is what makes the contract truly perpetual.
JR TradeHub data is sourced exclusively from Binance USDT-M Perp — the same market the Binance app shows by default for retail traders.
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