TradingInstruments GuideFuturesTier 2

XPL-USD-PERP

Contract Specifications

FeaturesValue
Product TypeXPL Perpetual Future
Settlement CurrencyUSDC
Base CurrencyXPL
Quote CurrencyUSD
Funding Period4.0 hours
Price Tick Size0.00001 USD
Order Size Increment0.001 XPL
Minimum Order Value50 USD
Maximum Order Size400,000 XPL
Maximum Number of Open Orders75
Position Limit1,300,000 XPL
Price Band Factor20.0%
Funding Clamping Rate2.5%

Mark Price Parameters

ParameterValue
EWMA Factor20%

Cross Margin Parameters

ParameterValue
Base IMF20%
MMF Factor50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction