NIGHT-USD-PERP

Contract Specifications

Features	Value
Product Type	NIGHT Perpetual Future
Settlement Currency	USDC
Base Currency	NIGHT
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.00001 USD
Order Size Increment	1 NIGHT
Minimum Order Value	10 USD
Maximum Order Size	5,000,000 NIGHT
Maximum Number of Open Orders	75
Position Limit	16,000,000 NIGHT
Price Band Factor	20.0%
Max Funding Rate	10%
Funding Period	8 hours

Mark Price Parameters

Parameter	Value
EWMA Factor	20%

Cross Margin Parameters

Parameter	Value
Base IMF	20%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction