TradingInstruments GuideFuturesTier 2

SNX-USD-PERP

Contract Specifications

FeaturesValue
Product TypeSNX Perpetual Future
Settlement CurrencyUSDC
Base CurrencySNX
Quote CurrencyUSD
Funding Period8.0 hours
Price Tick Size0.00001 USD
Order Size Increment1 SNX
Minimum Order Value50 USD
Maximum Order Size300,000 SNX
Maximum Number of Open Orders75
Position Limit1,000,000 SNX
Price Band Factor20.0%
Funding Clamping Rate5%

Mark Price Parameters

ParameterValue
EWMA Factor20%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction