TradingInstruments GuideFuturesTier 2

LIT-USD-PERP

Contract Specifications

FeaturesValue
Product TypeLIT Perpetual Future
Settlement CurrencyUSDC
Base CurrencyLIT
Quote CurrencyUSD
Funding Period4.0 hours
Price Tick Size0.00001 USD
Order Size Increment1 LIT
Minimum Order Value10 USD
Maximum Order Size120,000 LIT
Maximum Number of Open Orders75
Position Limit400,000 LIT
Price Band Factor20.0%
Funding Clamping Rate2.5%

Mark Price Parameters

ParameterValue
EWMA Factor20%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction