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HomeOverviewTradingRisk & LiquidationsParadex ChainEcosystemREST APIWebSocket APIAgentic AI HubRelease Notes
  • Getting Started
    • Overview
    • Privacy Perps
    • Trading Fees
    • Trader Profiles
    • Retail Price Improvement
    • FastFills
    • TradFi Markets
  • Spot Trading
    • Supported Order Types
    • Quoting & Settlement
    • Non-USDC Balances & Collateral
    • Naming Convention
  • Dated Options
    • Overview
    • Expiries and listing schedule
    • Mark price
    • Greeks
    • Margin requirements
    • FAQ
  • Orders
    • Placing Orders
    • Order Instructions
    • VWAP Price Protection for Market Orders
    • Price Impact and Slippage
    • How to Change Max Slippage
    • Margin Calculator
    • Self Trade Prevention
    • Receive Window
  • Instruments Guide
        • AAVE-USD-PERP
        • ADA-USD-PERP
        • APT-USD-PERP
        • ARB-USD-PERP
        • ASTER-USD-PERP
        • AVAX-USD-PERP
        • AVNT-USD-PERP
        • BCH-USD-PERP
        • BERA-USD-PERP
        • BNB-USD-PERP
        • CC-USD-PERP
        • DOGE-USD-PERP
        • DOT-USD-PERP
        • ENA-USD-PERP
        • ETHFI-USD-PERP
        • FARTCOIN-USD-PERP
        • FIL-USD-PERP
        • HYPE-USD-PERP
        • HYPER-USD-PERP
        • INJ-USD-PERP
        • IP-USD-PERP
        • JUP-USD-PERP
        • KAITO-USD-PERP
        • kBONK-USD-PERP
        • kPEPE-USD-PERP
        • kSHIB-USD-PERP
        • LDO-USD-PERP
        • LINK-USD-PERP
        • LIT-USD-PERP
        • LTC-USD-PERP
        • MON-USD-PERP
        • MORPHO-USD-PERP
        • NEAR-USD-PERP
        • ONDO-USD-PERP
        • OP-USD-PERP
        • ORDI-USD-PERP
        • PAXG-USD-PERP
        • PENGU-USD-PERP
        • PENDLE-USD-PERP
        • PUMP-USD-PERP
        • PYTH-USD-PERP
        • RESOLV-USD-PERP
        • SEI-USD-PERP
        • STRK-USD-PERP
        • SUI-USD-PERP
        • TAO-USD-PERP
        • TIA-USD-PERP
        • TON-USD-PERP
        • TRUMP-USD-PERP
        • TRX-USD-PERP
        • UNI-USD-PERP
        • VIRTUAL-USD-PERP
        • WIF-USD-PERP
        • WLD-USD-PERP
        • WLFI-USD-PERP
        • XLM-USD-PERP
        • XMR-USD-PERP
        • XPL-USD-PERP
        • XRP-USD-PERP
        • ZEC-USD-PERP
        • ZRO-USD-PERP
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On this page
  • Contract Specifications
  • Mark Price Parameters
  • Cross Margin Parameters
Instruments GuideFuturesTier 2

ORDI-USD-PERP

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Contract Specifications

FeaturesValue
Product TypeLinear Perpetual Future
Settlement CurrencyUSDC
Base CurrencyORDI
Quote CurrencyUSD
Funding Period8 hours
Price Tick Size0.001 USD
Order Size Increment0.01 ORDI
Minimum Order Value10 USD
Maximum Order Size5,00,000 ORDI
Maximum Number of Open Orders75
Position Limit2,50,000 ORDI
Price Band Factor15%
Max Funding Rate5%
Funding Period8 hours

Mark Price Parameters

ParameterValue
EWMA Factor20%

Cross Margin Parameters

ParameterValue
Base IMF10%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction