TradingInstruments GuideFuturesTier 2

SPK-USD-PERP

Contract Specifications

FeaturesValue
Product TypeLinear Perpetual Future
Settlement CurrencyUSDC
Base CurrencySPK
Quote CurrencyUSD
Funding Period8 hours
Price Tick Size0.00001 USD
Order Size Increment1 SPK
Minimum Order Value50 USD
Maximum Order Size2,000,000 SPK
Maximum Number of Open Orders75
Position Limit7,600,000 SPK
Price Band Factor20%
Funding Clamping Rate5%

Mark Price Parameters

ParameterValue
EWMA Factor15%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction