TradingInstruments GuideFuturesTier 2

ICP-USD-PERP

Contract Specifications

FeaturesValue
Product TypeICP Perpetual Future
Settlement CurrencyUSDC
Base CurrencyICP
Quote CurrencyUSD
Funding Period8.0 hours
Price Tick Size0.001 USD
Order Size Increment1 ICP
Minimum Order Value10 USD
Maximum Order Size40,000 ICP
Maximum Number of Open Orders75
Position Limit130,000 ICP
Price Band Factor20.0%
Funding Clamping Rate5%

Mark Price Parameters

ParameterValue
EWMA Factor20%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction