Perpetual swap
A perpetual swap is a derivative product that enables users to buy or sell the value of the underlying asset, without holding the asset itself. The advantages of perpetual swaps include:
there is no expiry date to your position (i.e., you can hold it as long as you want)
the underlying asset itself is never traded (meaning no custody issues)
funding rates work to ensure that the swap price closely tracks the price of the underlying asset (though this may fluctuate in periods of high volatility or other market conditions-- see funding rates) .
it is simple to short assets with perpetual swaps.
For more info, check out this article on perpetual swaps
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