Nasdaq-100 ETF (QQQ) Perpetual, USDT-Settled
A cash-settled perpetual contract tracking Nasdaq-100 ETF, a ETF, settled in USDT with up to 20x leverage. You hold a derivative, not the underlying asset.
QQQ/USDT-PERP is a cash-settled perpetual contract tracking Nasdaq-100 ETF, a ETF. You hold a derivative, not the underlying ETF — there is no ownership and nothing is delivered. Margin and profit or loss are denominated in USDT, with leverage up to 20x, and the contract never expires.
The same instrument is also listed settled in USDC (up to 10x).
Other ETFs listed as perpetual contracts: IWM, SOXL, EWJ, EWY, EWZ and EWT.
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