TradingInstruments GuideFuturesTier 2HYPER-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyHYPERQuote CurrencyUSDFunding Period1 hoursPrice Tick Size0.000001 USDOrder Size Increment1 HYPERMinimum Order Value50 USDMaximum Order Size1,000,000 HYPERMaximum Number of Open Orders75Position Limit3,500,000 HYPERPrice Band Factor20%Funding Clamping Rate5% Mark Price Parameters ParameterValueEWMA Factor15% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction