Instruments GuideFuturesTier 2JUP-USD-PERPContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyJUPQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment1 JUPMinimum Order Value50 USDMaximum Order Size500,000 JUPMaximum Number of Open Orders50Position Limit2,000,000 JUPPrice Band Factor15%Funding Clamping Rate5% Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF10%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin FractionBuilt with