Leverage

Quick Answer: Crypto futures — especially perpetual swaps on exchanges like Bybit, Binance, and OKX — let you trade with leverage and bet on price going up OR down. Key concepts: perpetual swaps (no expiry), funding rates (periodic payments between longs/shorts), leverage/margin (borrowed position size), and liquidation (position force-closed when losses exceed margin). Most retail futures traders lose money — trade only small, well-risked amounts, or avoid leverage entirely. Futures trading is the riskiest corner of crypto. It’s where beginners get destroyed by liquidation. This guide breaks down exactly how it works so you understand the machinery before you consider risking a dollar. This is informational, not financial advice. ...