Binance Perpetual Futures is a new type of contract that allows traders to trade with leverage on a variety of different cryptocurrencies. This type of contract is similar to a traditional futures contract, but with some key differences. One key difference is that there is no expiry date on a Binance Perpetual Futures contract.

This means that traders can hold their positions for as long as they like, and are not forced to close out their positions by an expiry date. This type of contract also has no settlement date, so traders can continue to hold their positions even after the underlying asset has been settled.

Another key difference between Binance Perpetual Futures and traditional futures contracts is the way in which margin is calculated. With traditional futures contracts, margin is calculated based on the notional value of the contract. However, with Binance Perpetual Futures, margin is instead calculated based on the mark price of the underlying asset.

The mark price is a fairer representation of the true value of the underlying asset, as it takes into account factors such as liquidity and volatility. This means that traders can get a better idea of how much margin they need to post when trading Binance Perpetual Futures contracts.

The final key difference between Binance Perpetual Futures and traditional futures contracts is the way in which funding works. With traditional futures contracts, funding is paid every 8 hours.

However, with Binance Perpetual Futures, funding is instead paid every 4 hours. This means that traders can get a more frequent update on how much they need to post in order to keep their positions open.

Overall, Binance Perpetual Futures offers a number of key advantages over traditional futures contracts. These advantages include no expiry date, no settlement date, more accurate margin calculation, and more frequent funding payments.