Instruments GuideFuturesTier 2

PAXG-USD-PERP

Contract Specifications

FeaturesValue
Product TypeLinear Perpetual Future
Settlement CurrencyUSDC
Base CurrencyPAXG
Quote CurrencyUSD
Funding Period8 hours
Price Tick Size0.01 USD
Order Size Increment0.001 PAXG
Minimum Order Value10 USD
Maximum Order Size300 PAXG
Maximum Number of Open Orders75
Position Limit1,480 PAXG
Price Band Factor20%
Max Funding Rate5%
Funding Period8 hours

Mark Price Parameters

ParameterValue
EWMA Factor15%

Cross Margin Parameters

ParameterValue
Base IMF2%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction