Ever wondered how perpetual futures stay aligned with spot prices? Since perps do not have expiry dates, exchanges use a funding rate mechanism to keep contract prices anchored to the real market. When the perp trades above spot, longs pay shorts, pushing the price back down. When it trades below spot, shorts pay longs, lifting it up. It is a continuous balancing act that prevents BTC and ETH contracts from drifting too far from reality 🎯