TradingInstruments GuideFuturesTier 2JUP-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyJUPQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 JUPMinimum Order Value10 USDMaximum Order Size500,000 JUPMaximum Number of Open Orders75Position Limit3,550,000 JUPPrice Band Factor15%Max Funding Rate5%Funding Period8 hours Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF10%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction