In trading, "spot," "future," and "perpetual" refer to different types of contracts or markets. Here's a brief breakdown:

- *Spot market*: A spot market is a financial market where assets are traded immediately, or "on the spot," at the current market price. Settlement typically occurs within a short period, such as two business days.

- *Futures market*: A futures market is a financial market where contracts are traded for delivery at a future date, usually standardized. Futures contracts specify the asset, quantity, and settlement date. Prices are locked in, but settlement occurs on the specified future date.

- *Perpetual swaps* (also known as perpetual futures): Perpetual swaps are similar to futures, but they don't have an expiration date. They are a type of derivative that allows traders to bet on the price of an underlying asset without a specified settlement date. Perpetual swaps are often used in cryptocurrency markets.

In summary:

- Spot markets are for immediate trading.
- Futures markets are for trading at a set future date.
- Perpetual swaps are for trading without an expiration date.

Which of these do you trade?
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***Source : Meta AI...