PENDLE-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	PENDLE
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.0001 USD
Order Size Increment	1 PENDLE
Minimum Order Value	50 USD
Maximum Order Size	115,000 PENDLE
Maximum Number of Open Orders	50
Position Limit	460,000 PENDLE
Price Band Factor	15%
Funding Clamping Rate	5%

Mark Price Parameters

Parameter	Value
EWMA Factor	20%

Cross Margin Parameters

Parameter	Value
Base IMF	10%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction