FRAG-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	FRAG
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.00001 USD
Order Size Increment	0.1 FRAG
Minimum Order Value	50 USD
Maximum Order Size	160,000 FRAG
Maximum Number of Open Orders	50
Position Limit	1,800,000 FRAG
Price Band Factor	20%
Funding Clamping Rate	5%

Mark Price Parameters

Parameter	Value
EWMA Factor	15%

Cross Margin Parameters

Parameter	Value
Base IMF	20%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction