Trade crypto and gold 24/7 with Perpetual Contracts

Markets are moving beyond traditional trading hours.

BlackBull Markets has expanded its offering with the introduction of Perpetual Contracts, providing traders with 24/7 access to gold and cryptocurrency markets without a fixed contract expiry date.

Unlike traditional futures contracts, which have defined expiry dates and follow standard market hours, Perpetual Contracts are designed for continuous trading and operate 24/7.

Gold and Crypto Perpetual Contracts are available on MetaTrader 5 and are identified with a -PERP suffix next to the symbol.

Take advantage of BlackBull’s 24/7 market access and 24/7 market support with these new instruments.

What are perpetual contracts?
Perpetual contracts are products that allow you to trade the price of an asset without owning it, and they do not have an expiry date.

Do perpetual contracts expire?
No. They can be held indefinitely as they do not have a fixed expiry date.

How are they different from traditional CFDs?
Perpetual contracts are designed for continuous trading and use a funding mechanism to keep prices aligned with the underlying market, rather than relying on expiry or rollover structures.

What is the funding mechanism?
It is a periodic payment between traders holding long and short positions, designed to help keep the perpetual contract price aligned with the underlying market price.

How does funding work in practice?
If the funding rate is positive, traders holding long positions pay those holding short positions. If the rate is negative, short positions pay longs.

How often is funding applied?
Funding is generally applied every eight hours, depending on the contract.

Is there a commission on perpetual contracts?
There are currently no commissions applied.

Can the price differ from the underlying market?
Yes. The contract price can differ from the underlying price, and at times the difference may be significant.

Investing in complex securities involves risk. You may lose some or all of your invested capital due to price fluctuations.