TradingInstruments GuideFuturesTier 2VIRTUAL-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyVIRTUALQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.00001 USDOrder Size Increment0.1 VIRTUALMinimum Order Value50 USDMaximum Order Size100,000 VIRTUALMaximum Number of Open Orders75Position Limit614,000 VIRTUALPrice Band Factor5%Funding Clamping Rate5% Mark Price Parameters ParameterValueEWMA Factor15% Cross Margin Parameters ParameterValueBase IMF20%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction