Crypto Basics: Perpetual and Delivery Contracts
Binance delivery contracts are organized by quarter. The two most common are “Current Quarter” and “Next Quarter,” with the names referring to their expiry quarters.
Delivery contracts have a fixed expiry date. At expiry, they are settled at the settlement price, and positions cannot be carried beyond expiry.
If you hold a perpetual contract for a long time, factor cumulative funding fees into your position cost—don’t focus only on price movements.
A quick look: $BTC Current price 82995.71 (24h +0.46%).

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