TradingInstruments GuideFuturesTier 2

IP-USD-PERP

Contract Specifications

FeaturesValue
Product TypeLinear Perpetual Future
Settlement CurrencyUSDC
Base CurrencyIP
Quote CurrencyUSD
Funding Period8 hours
Price Tick Size0.001 USD
Order Size Increment0.1 IP
Minimum Order Value10 USD
Maximum Order Size100,000 IP
Maximum Number of Open Orders75
Position Limit330,000 IP
Price Band Factor20%
Max Funding Rate10%
Funding Period8 hours

Mark Price Parameters

ParameterValue
EWMA Factor15%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction