Before starting futures trading, understanding the differences between contract types can help you choose the one that best suits your needs.
Perpetual futures are futures contracts with no expiration date, allowing users to hold positions indefinitely.
Hotcoin currently supports:
USDT-Margined Perpetual Futures
Coin-Margined Perpetual Futures
Delivery futures are futures contracts with a fixed expiration date. Upon expiration, the system automatically settles and closes positions according to the contract terms.
Delivery futures commonly include:
Current-Week Contracts
Next-Week Contracts
Current-Quarter Contracts
Next-Quarter Contracts
Hotcoin currently supports:
USDT-Margined Delivery Futures
Coin-Margined Delivery Futures
Perpetual futures and delivery futures differ in areas such as expiration mechanisms, funding rates, and trading use cases:

For most beginner traders, perpetual futures are generally easier to understand and use because:
No fixed settlement schedule
Trading rules are relatively straightforward
Liquidity is generally higher
Delivery futures are generally more suitable for:
Traders with clear time-based strategies
Hedging-focused traders
Those seeking to reduce exposure to funding rates