Perpetuals

A perpetual future, or perp, is a contract that tracks the price of an asset without an expiry date.

Perpetuals let you take a long or short position and can include leverage. Tribes supports perpetuals alongside spot trading.

On Tribes

• A perp position is opened and managed by you.
• A perp trade can be assigned to one Tribe, or to none.
• Assigned positions can contribute to that Tribe's activity, statistics and performance.
• Trading fees apply to perpetuals executed through Tribes. See Fees.

Perpetuals with a Tribe

If you assign a perp trade to a Tribe, the position remains yours while its result can become part of the Tribe's shared trading record.

If other members are trading the same market and assigning their positions to the same Tribe, that activity can be brought together in a Tribe Trade.

Members can still have different entries, leverage, position sizes and exits.