TradingInstruments GuideFuturesTier 2GMX-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyGMXQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 GMXMinimum Order Value10 USDMaximum Order Size34,000 GMXMaximum Number of Open Orders75Position Limit100,000 GMXPrice Band Factor10%Max Funding Rate5%Funding Period8 hours Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF5%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction