4-USD-PERP | Paradex | Documentation

4-USD-PERP | Paradex | Documentation

Contract Specifications

Features	Value
Product Type	4 Perpetual Future
Settlement Currency	USDC
Base Currency	4
Quote Currency	USD
Funding Period	4 hours
Price Tick Size	0.00001 USD
Order Size Increment	1 4
Minimum Order Value	50 USD
Maximum Order Size	1200000 4
Maximum Number of Open Orders	75
Position Limit	4000000 4
Price Band Factor	20%
Funding Clamping Rate	0.1%

Mark Price Parameters

Parameter	Value
EWMA Factor	86%

Cross Margin Parameters

Parameter	Value
Base IMF	20%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction