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BitMEX offers Perpetual Contracts and Futures.
As opposed to futures, perpetual contracts do not have an expiry date and thus do not have a settlement.
Perpetual Contracts have a Funding Rate that occurs every 8 hours. Users who hold a position over the funding timestamp either pay or receive funding
BitMEX offers up to 100x leverage on some of its products. This means that you can buy as much as 100 Bitcoin of contracts with only 1 Bitcoin to back it. But be careful - with high leverage comes accelerated profit, but also the potential for accelerated loss.
BitMEX employs Auto Deleveraging which means that in some rare cases, leveraged positions in profit may be reduced during certain time periods if a liquidated order cannot be executed in the market.