MERL-USD-PERP

Contract Specifications

Features	Value
Product Type	MERL Perpetual Future
Settlement Currency	USDC
Base Currency	MERL
Quote Currency	USD
Funding Period	1 hours
Price Tick Size	0.00001 USD
Order Size Increment	1 MERL
Minimum Order Value	50 USD
Maximum Order Size	1,000,000 MERL
Maximum Number of Open Orders	75
Position Limit	3,400,000 MERL
Price Band Factor	20%
Funding Clamping Rate	1.5%

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