No Summary provided as the original text is short
- Perpetual Contract: A type of derivative that has no expiration date, allowing traders to hold positions indefinitely while paying periodic funding rates.
- Funding Rate: A periodic payment between traders in perpetual contracts to keep the contract price aligned with the spot market price.
- USDT: Tether, a stablecoin pegged to the value of the U.S. dollar, commonly used as a trading pair in cryptocurrency markets.