How do Binance perpetual futures work?
Could you please elaborate on how Binance perpetual futures operate? As a cryptocurrency enthusiast, I'm curious about the mechanics behind this trading instrument. Specifically, I'd like to understand how the funding rate is calculated, how positions are settled, and the implications of leverage on potential profits and losses. Additionally, I'm interested in knowing if there are any specific strategies or best practices recommended for trading perpetual futures on Binance. Your insights would be greatly appreciated in helping me navigate this complex yet exciting market.