Bitcoin perpetual contract specifications
BTC on Aperi is a perpetual derivative linked to Bitcoin. Its reviewed catalogue contract is BTCUSDT on aster, using USDT collateral. This is price exposure; the contract does not deliver the underlying token.
Reviewed contract identity
- Product
- Bitcoin (BTC)
- Asset class
- Crypto
- Reviewed venue
- aster
- Native contract
- BTCUSDT
- Native market ID
- aster.pro.BTCUSDT
- Collateral
- USDT
- Quote currency
- USDT
- Pricing model
- Native order book
- Classification
- Perpetual derivative
- Routing revision
- aperi-public-crypto-v1-2026-10-12
- Underlying unit
- One BTC token per native quantity unit
- Price unit
- USDT per BTC
- Reference method
- Aster native perpetual futures market
- Settlement
- USDT-margined perpetual futures; this product does not transfer ownership of the underlying token.
What this contract represents
This perpetual tracks crypto price exposure. It does not deliver BTC tokens to a spot wallet. Margin, funding, liquidation and settlement remain specific to the venue.
24/7 perpetual markets remain subject to market availability, venue halts, oracle limits and liquidity. Understand perpetuals and ownership.
Market data and availability
The terminal provides current public observations separately from this reviewed contract description. Prices, funding, leverage ceilings and quantity increments come from the native venue when available. Missing observations remain unavailable.
Order-book venues can expose quotes, books, trades and candle history, with individual source times. The catalogue may select another reviewed route under its liquidity policy; an existing position retains its original venue identity.
Funded trading on Aperi is currently disabled. Public data, account login and a connected wallet do not establish trading permission. Read our data methodology.
Collateral, costs and risk
The reviewed route uses USDT. Funds remain separate per venue; a combined portfolio does not provide shared collateral or automatic transfer authority. Aperi's proposed platform fee is 0.05% of notional, subject to builder qualification. Total costs also include venue fees, spread, slippage and funding.
Leverage can amplify losses and trigger liquidation. This is product documentation, not an investment recommendation. Risk disclosure · Collateral and fees · Funding and liquidation.