Source: https://mochatrade.com/learn/glossary/perpetual-futures

# Perpetual futures
URL: https://mochatrade.com/learn/glossary/perpetual-futures
Last modified: 2026-10-17

Perpetual futures are contracts that track an asset's price with no expiry date. Expiry is what pulls a normal future to the real price, which [the Module 0 quiz ends on](https://mochatrade.com/learn/start-here/quiz), so a perpetual needs something else: [a funding payment between longs and shorts](https://mochatrade.com/support/mochatrade-trading-fees-and-funding-rates-explained). [One perpetual trade, start to finish](https://mochatrade.com/learn/start-here/nvidia-trade-walkthrough); why a perp is NSE, the broker and the clearing house in one; [what Mochatrade contracts are](https://mochatrade.com/support/what-is-a-perpetual-contract-and-does-it-expire).

## Related terms

- Funding rate: https://mochatrade.com/learn/glossary/funding-rate
- Perpetual premium (basis): https://mochatrade.com/learn/glossary/perpetual-premium
- Round-trip trading cost: https://mochatrade.com/learn/glossary/round-trip-trading-cost
- Maker and taker fees: https://mochatrade.com/learn/glossary/maker-and-taker-fees
- Strike price and expiry: https://mochatrade.com/learn/glossary/strike-price-and-expiry
- Cost of carry: https://mochatrade.com/learn/glossary/cost-of-carry

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.