Glossary
Spot
Buying or selling the asset itself, settled immediately. You own what you bought and nothing can be liquidated.
See also
Perpetual futuresA derivative tracking an asset's price with no expiry date, kept close to spot by a periodic payment between longs and shorts called funding.
LeverageBorrowing to hold a position larger than your capital. It multiplies gains and losses by the same factor, and shortens the distance between you and a liquidation.
Last checked 19 Oct 2026.