PENGU-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	PENGU
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.000001 USD
Order Size Increment	1 PENGU
Minimum Order Value	10 USD
Maximum Order Size	9,200,000 PENGU
Maximum Number of Open Orders	75
Position Limit	240,000,000 PENGU
Price Band Factor	20%
Max Funding Rate	5%
Funding Period	8 hours

Mark Price Parameters

Parameter	Value
EWMA Factor	15%

Cross Margin Parameters

Parameter	Value
Base IMF	20%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction