TradingInstruments GuideFuturesTier 2RIVER-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeRIVER Perpetual FutureSettlement CurrencyUSDCBase CurrencyRIVERQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.001 USDOrder Size Increment0.1 RIVERMinimum Order Value10 USDMaximum Order Size7,000 RIVERMaximum Number of Open Orders75Position Limit21,000 RIVERPrice Band Factor20.0%Max Funding Rate10%Funding Period8 hours Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction