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Perpetual Price
The perpetual price is the market price at which a perpetual futures contract is trading. It is determined by buyers and sellers in the perpetual market and can trade slightly above or below the underlying spot or index price.
Why it matters to you
A BTC perpetual contract does not have to trade at exactly the same price as BTC in the spot market at every moment. Understanding this is fundamental to understanding basis, premiums, discounts and funding.
Terms that sit next to this one
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