TradingInstruments GuideFuturesTier 2XRP-USD-PERPCopy pageContract Specifications FeaturesValueProduct TypeLinear Perpetual FutureSettlement CurrencyUSDCBase CurrencyXRPQuote CurrencyUSDFunding Period8 hoursPrice Tick Size0.0001 USDOrder Size Increment0.1 XRPMinimum Order Value50 USDMaximum Order Size1,000,000 XRPMaximum Number of Open Orders75Position Limit1,000,000 XRPPrice Band Factor5%Funding Clamping Rate5% Mark Price Parameters ParameterValueEWMA Factor20% Cross Margin Parameters ParameterValueBase IMF2%MMF Factor50% IMF = Initial Margin Fraction MMF = Maintenance Margin Fraction