♾ What “perpetual” actually means.

Old-style futures had an end date.
You bought a March contract, March came, it closed automatically. Ready or not.

Perpetual futures dropped the date.
You can hold the position as long as you want.
Nothing forces you out on a schedule.

❕ But there’s a catch. Holding a position isn’t always free.
If the market leans against your side, you may pay a small funding fee every few hours.
The longer you hold, the more those payments can add up

🕊 Which is why holding time is a decision, not an afterthought.
A strategy decides it by rule. You’d decide it by feel.