SBF on Twitter: "@HackermanAce Perpetual swaps on indexes are more like index futures (e.g. ESA) than ETFs (e.g. SPY)--you can't create/redeem the index futures, but they do track the underlying index (via funding rates) https://t.co/xZ5cjcRb11" / Twitter

So perp swaps are just ETFs?

Ace

@HackermanAce

Oct 29, 2019

Sorry to clarify the perp swap indexes.

SBF

@SBF_FTX

Replying to

@HackermanAce

Perpetual swaps on indexes are more like index futures (e.g. ESA) than ETFs (e.g. SPY)--you can't create/redeem the index futures, but they do track the underlying index (via funding rates)

ftx.com

FTX

Cryptocurrency Derivatives Exchange

6:53 AM · Oct 29, 2019Twitter Web App

Replying to

and

Ty for explaining! I'm really excited about the drgn-perp,such a great idea .

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