XRP-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	XRP
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.0001 USD
Order Size Increment	0.1 XRP
Minimum Order Value	10 USD
Maximum Order Size	1,000,000 XRP
Maximum Number of Open Orders	75
Position Limit	1,000,000 XRP
Price Band Factor	5%
Max Funding Rate	5%
Funding Period	8 hours

Mark Price Parameters

Parameter	Value
EWMA Factor	20%

Cross Margin Parameters

Parameter	Value
Base IMF	2%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction