TradingInstruments GuideFuturesTier 2FORM-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeFORM Perpetual FutureSettlement CurrencyUSDCBase CurrencyFORMQuote CurrencyUSDFunding Period4.0 hoursPrice Tick Size0.0001 USDOrder Size Increment1 FORMMinimum Order Value50 USDMaximum Order Size200,000 FORMMaximum Number of Open Orders75Position Limit690,000 FORMPrice 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