Crypto’s Greatest Financial Innovation — The Perpetual Swap

By Greg Benhaim, Head Trader at Lucy Labs

What is A Perpetual Swap

Opening A Swap Position & Calculation Profit/Loss

  1. Deposit collateral onto the exchange of your choosing. The collateral is most commonly in the form of USDT, while the most popular perpetual swap exchanges by volume and liquidity are FTX and Binance.
  2. Choose the token pair that you want to trade.
  3. Place an order while indicating the following variables: price, quantity and direction (buy/sell). If one places a market order, the order will be executed immediately. For a limit order, one must wait until the order is filled.

Exchanges Liquidity & Volume

Pros/Cons of Perpetual Swaps




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Lucy Labs

Lucy Labs


Cryptocurrency asset management | Limiting risk in volatile markets 🧐