TradingInstruments GuideFuturesTier 22Z-USD-PERPCopy pageContract Specifications FeaturesValueProduct Type2Z Perpetual FutureSettlement CurrencyUSDCBase Currency2ZQuote CurrencyUSDFunding Period4.0 hoursPrice Tick Size0.00001 USDOrder Size Increment1 2ZMinimum Order Value50 USDMaximum Order Size400,000 2ZMaximum Number of Open Orders75Position Limit1,300,000 2ZPrice Band Factor20.0%Funding Clamping Rate2.5% Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction