TradingInstruments GuideFuturesTier 2AXS-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeAXS Perpetual FutureSettlement CurrencyUSDCBase CurrencyAXSQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 AXSMinimum Order Value10 USDMaximum Order Size120,000 AXSMaximum Number of Open Orders75Position Limit390,000 AXSPrice Band Factor20.0%Max Funding Rate10%Funding Period8 hours Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction