Perpetual Futures
Perpetual futures (also called perpetual swaps or “perps”) are derivative contracts that let traders go long or short an asset with leverage without a fixed expiry date.
Unlike dated futures, perps do not settle on a calendar maturity. Instead, a funding mechanism periodically transfers payments between longs and shorts so the contract price stays anchored near the spot index.
ApeX Omni lists USDT-settled perpetual markets with self-custody of collateral and zero gas on Omni Perps order flow. Contract specs (tick size, step size, max leverage, funding bounds) appear on each /trade/{PAIR} landing page and on the live Omni trade UI.