CRCL-USD-PERP

Contract Specifications

Features	Value
Product Type	Linear Perpetual Future
Settlement Currency	USDC
Base Currency	CRCL
Quote Currency	USD
Funding Period	8 hours
Price Tick Size	0.001 USD
Order Size Increment	0.1 CRCL
Minimum Order Value	10 USD
Maximum Order Size	5,000 CRCL
Maximum Number of Open Orders	75
Position Limit	16,000 CRCL
Price Band Factor	20%
Max Funding Rate	5%
Funding Multiplier	0.5
Funding Period	8 hours

Mark Price Parameters

Parameter	Value
EWMA Factor	14%

Cross Margin Parameters

Parameter	Value
Base IMF	20%
MMF Factor	50%

IMF = Initial Margin Fraction

MMF = Maintenance Margin Fraction