Instruments GuideFuturesTier 2NIL-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyNILQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 NILMinimum Order Value50 USDMaximum Order Size480,000 NILMaximum Number of Open Orders50Position Limit1,600,000 NILPrice Band Factor20%Funding Clamping Rate5% Mark Price Parameters ParameterValueEWMA Factor15% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction