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+## [perpetual swap](https://app.laevitas.ch/altsderivs/GMX/perpetualswaps)
+
+<br>
+
+### tl; dr
+
+<br>
+
+* trading product first introduced in 2016 by bitmex
+* has become popular with trading volumes of over $180 mi
+* offer traders a chance to take on large positions with little money down
+* like other types of derivatives such as futures and options, perpetual swaps provide a means to speculate on the value of the assets while the contract is held
+* unlike future contracts, perpetual swaps do not have expiration dates
+* [hot tub by perpetual swap](https://perpprotocol.mirror.xyz/8C0shiFg0YbhkGOF3i9jFVmyCumKncdsgviDE4qQtjQ)
+
+<br>
+
+----
+
+### resources