Perpetual contracts are one of the most prominent types of derivatives within the market. Buying (going long) or selling (going short) perpetual contracts, allows traders to speculate on the future price of an asset, without having to specify an expiry date. This implies that the trader, buyer and seller, can hold the position for as long as they want. Additionally, there are no added costs apart from funding costs. As a result of this flexibility, perpetual contract trading is ideal. Traders are not locked into a losing trade even in a lousy market or on the weekends.