Perpetual futures (also called perpetual swaps or “perps”) are derivative contracts that let traders go long or short an asset with leverage without a fixed expiry date.
Understanding perpetual futures
Unlike dated futures, perps do not settle on a calendar maturity. Instead, a funding mechanism periodically transfers payments between longs and shorts so the contract price stays anchored near the spot index.
ApeX Omni lists USDT-settled perpetual markets with self-custody of collateral and zero gas on Omni Perps order flow. Each market page provides contract specifications, including tick size, step size, maximum leverage, and funding rate bounds. Check the Omni trading interface for current parameters before placing an order.