Instruments GuideFuturesTier 2WAL-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyWALQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 WALMinimum Order Value50 USDMaximum Order Size630,000 WALMaximum Number of Open Orders50Position Limit2,100,000 WALPrice 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