Common comparison error
Derivative value linked to Crypto perpetual is not direct delivery of the reference asset or Ask price.
A crypto futures contract without a fixed expiry that uses funding payments and can expose leveraged positions to liquidation.
Derivative value linked to Crypto perpetual is not direct delivery of the reference asset or Ask price.
Read Crypto perpetual together with Crypto spot market, Ask price, Energy commodity. The comparison must preserve the exact rule, value, state, and evidence described below.
Crypto perpetual references gold but uses a broker symbol and weekend schedule. Benchmark, quote currency, contract unit, ownership, and Crypto spot market are documented. What makes this an example of Crypto perpetual is that no fixed expiry does not remove funding payments, leverage, margin, or liquidation.
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.