NIL-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	NIL
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.0001 USD
Order Size Increment	1 NIL
Minimum Order Value	50 USD
Maximum Order Size	480,000 NIL
Maximum Number of Open Orders	50
Position Limit	1,600,000 NIL
Price Band Factor	20%
Funding Clamping Rate	5%

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