TradingInstruments GuideFuturesTier 2COAI-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeCOAI Perpetual FutureSettlement CurrencyUSDCBase CurrencyCOAIQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 COAIMinimum Order Value10 USDMaximum Order Size70,000 COAIMaximum Number of Open Orders75Position Limit220,000 COAIPrice 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