> For the complete documentation index, see [llms.txt](https://docs.trade.polynomial.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trade.polynomial.fi/trade/perp.md).

# Perp

Perpetual futures, also known as perpetual swaps, are a type of derivative contract that allows traders to speculate on the price of an underlying asset without an expiration date. This means that the contract can be held indefinitely, with the trader choosing to either hold the position or close it out at any time.

#### To read more on the basics of perp trading. 

{% content-ref url="/pages/z0fF3hSOXTxM5mQU3Pur" %}
[Basics of perp](/trade/perp/basics-of-perp.md)
{% endcontent-ref %}

#### To read more on the funding rate. 

{% content-ref url="/pages/oqrAr6gNz6mFR4vKddMu" %}
[Funding rate](/trade/perp/funding-rate.md)
{% endcontent-ref %}

#### to read more different types of orders

{% content-ref url="/pages/0BdFuk6w3k6N3dA4l6cC" %}
[Orders](/trade/perp/orders.md)
{% endcontent-ref %}

####  To read more on the leverage. 

{% content-ref url="/pages/DGkUQhwvg9tHdTrVC0qh" %}
[Leverage](/trade/perp/leverage.md)
{% endcontent-ref %}

####  To read more on the Jargon.

{% content-ref url="/pages/lx0lh7zStC62oIDugK4w" %}
[Jargon](/trade/perp/jargon.md)
{% endcontent-ref %}


---

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