TradingInstruments GuideFuturesTier 2TURBO-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyTURBOQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.000001 USDOrder Size Increment1 TURBOMinimum Order Value10 USDMaximum Order Size40,000,000 TURBOMaximum Number of Open Orders75Position Limit130,000,000 TURBOPrice Band Factor20%Max Funding Rate5%Funding Period8 hours Mark Price Parameters ParameterValueEWMA Factor15% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction