Perpetual Futures allow users to have leveraged long or short exposure on assets without an expiration date. In place of expiration, users pay ongoing fees as unrealized P/L in the positions while the positions are open.
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Alpaca Perpetual Futures Exchange
PERPETUAL FUTURES ALLOW USERS TO HAVE LEVERAGED LONG OR SHORT EXPOSURE ON ASSETS WITHOUT AN EXPIRATION DATE. IN PLACE OF EXPIRATION, USERS PAY ONGOING...
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