TradingInstruments GuideFuturesTier 2

USUAL-USD-PERP

Contract Specifications

FeaturesValue
Product TypeLinear Perpetual Future
Settlement CurrencyUSDC
Base CurrencyUSUAL
Quote CurrencyUSD
Funding Period8 hours
Price Tick Size0.0001 USD
Order Size Increment1 USUAL
Minimum Order Value50 USD
Maximum Order Size230,000 USUAL
Maximum Number of Open Orders50
Position Limit8,400,000 USUAL
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