TradingInstruments GuideFuturesTier 2CAKE-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeCAKE Perpetual FutureSettlement CurrencyUSDCBase CurrencyCAKEQuote CurrencyUSDFunding Period4.0 hoursPrice Tick Size0.0001 USDOrder Size Increment1 CAKEMinimum Order Value50 USDMaximum Order Size90,000 CAKEMaximum Number of Open Orders75Position Limit290,000 CAKEPrice 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