XRP-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	XRP
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.000001 USD
Order Size Increment	0.1 XRP
Minimum Order Value	50 USD
Maximum Order Size	1,000,000 XRP
Maximum Number of Open Orders	75
Position Limit	1,000,000 XRP
Price Band Factor	5%
Funding Clamping Rate	5%

Mark Price Parameters

Parameter	Value
EWMA Factor	20%

Cross Margin Parameters

Parameter	Value
Base IMF	10%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction