If they never settle, why do they have any value?

The perpetual swap is a fairly new type of financial derivative. Unlike the futures and options markets, perpetual swaps do not expire and do not have a settlement date, meaning you can hold your position forever. Unlike the spot markets, the underlying asset is never…
What are perpetual swaps?
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Aditya Palepu
Smith | MCF
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Dec 25, 2020
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If they never settle, why do they have any value? Can one or both parties force settlement? TBH this makes no sense.
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Written by Smith | MCF53 Followers
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https://mcf.rocks
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