TradingInstruments GuideFuturesTier 2PNUT-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyPNUTQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.00001 USDOrder Size Increment0.1 PNUTMinimum Order Value50 USDMaximum Order Size170,000 PNUTMaximum Number of Open Orders75Position Limit7,700,000 PNUTPrice 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