XPL-USD-PERP

Contract Specifications

Features	Value
Product Type	XPL Perpetual Future
Settlement Currency	USDC
Base Currency	XPL
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.00001 USD
Order Size Increment	0.001 XPL
Minimum Order Value	10 USD
Maximum Order Size	400,000 XPL
Maximum Number of Open Orders	75
Position Limit	1,300,000 XPL
Price Band Factor	20.0%
Max Funding Rate	5%
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