TradingInstruments GuideFuturesTier 2PROVE-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyPROVEQuote CurrencyUSDFunding Period4 hoursPrice Tick Size0.00001 USDOrder Size Increment0.1 PROVEMinimum Order Value50 USDMaximum Order Size300,000 PROVEMaximum Number of Open Orders75Position Limit970,000 PROVEPrice Band Factor20%Funding Clamping Rate2.5% Mark Price Parameters ParameterValueEWMA Factor15% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction