Currently, USDT, BTC, ETH, and XRP are accepted. Regardless of the instrument type, you can use your assets as a margin deposit for orders. (e.g., Buying BTC futures with XRP deposit)
However, all transactions are settled based on USDT. If you don't have USDT deposit, then the deficit amount will be automatically exchanged to USDT at the market rate when the position is closed. (depending on the market volatility, 97.5-99% of the market price).
0.1% of the underlying or $0.01 whichever is greater for the Futures, and 2.5% of the price of options or $0.01 whichever is greater for option products. For time-limited orders, 95-97% of additional fee discount is provided depending on the amount of leverage used in the order.
Maker order (post order) rebate is available by requests for the users who have at least $1M USD per day trading volume.
2.5% of the settlement amount at maturity.
We use the spot prices from Crypto Compare to ensure clarity of the settlement process and make sure we have no influence over the index.
Your position will be automatically liquidated if your estimated loss is greater than the difference between the initial margin and the maintenance margin.
Portfolio margin is also possible by request. (please send requests to: investor.verify@optionpool.com)
Time-limited order is a type of order that uses an extreme level of leverage within an ephemeral period of time. The order executes only at the market price, and the position can get early liquidation if it exceeds a certain level of return to protect the orderly execution of the market.
A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.
The buyer of a futures contract is taking on the obligation to buy the underlying asset when the futures contract expires. The seller of the futures contract is taking on the obligation to provide the underlying asset at the expiration date.
However, you can always clear your obligation before the expiration date by taking the opposite position on the market.
| Underlying | 0.001 BTC or 0.01 ETH or 1 XRP per contract |
| Trading hours | 24 hours and 7 days a week (except for the server maintenance period) |
| Tick size | USD $0.50 or $0.25 or $0.01 depending upon the underlying asset |
| Delivery | Every Thursday at UTC noon (12:00 PM) |
| Nomenclature | Underlying asset + ISO week of the delivery(maturity) date (e.g., BTC-FUTURE-201925, Bitcoin futures that has the maturity on Thursday of the 25th week of 2019) |
| Delivery method | Financial settlement in USDT token |
| Initial margin | Bitcoin futures: $0.5, Ethereum futures: $0.15, Ripple futures: $0.02 (minimum quantity is 1,000 contracts for Ripple futures) |
| Maintenance margin | Maintenance margin will be automatically adjusted depending on the delta of your positions on all instruments based on the 50% of the initial margin |
| Fees | Trading fee : 0.1% of the underlying price or $0.01 whichever is greater, Settlement fee : 2.5% of the settlement amount |
| Price bound of the instrument | Upper bound : none, Lower bound : USD $0.01 |
| Limitation on the size of position | None (but, allowed leverage will be limited as your position grows) |
| Cases | Profit and loss |
|---|---|
| Bought 100,000 BTC future contracts at $3445.50. Later, sold all contracts at $3645.50. | ($3645.50 - $3445.50) x 100,000 x 0.001 (BTC contract size is 0.001 BTC) = + $20,000 (profit before fee) |
An options contract is a type of investment that gives you the right but not the obligation to make a trade in an underlying asset.
Options contracts have specified expiration dates and the price, known as the strike price. You can choose whether to exercise your option on the expiration date or simply allow the option to expire unexercised.
Call option is the right to purchase the underlying asset and Put option is the right to sell the underlying asset. All options traded in Option Pool are European style vanila option which you can exercise only on the expiration date.
| Underlying | 1 BTC or 1 ETH or 1,000 XRP per contract |
| Trading hours | 24 hours and 7 days a week (except for the server maintenance period) |
| Tick size | USD $0.25 or $0.05 or $0.01 depending upon the underlying asset |
| Delivery | Every Thursday at UTC noon (12:00 PM) |
| Nomenclature | Underlying asset + ISO week of the delivery(maturity) date + option type (Call or Put) (e.g., BTC-201925-CALL-8000, Bitcoin Call option strike at $8,000 which has the maturity on Thursday of the 25th week of 2019) |
| Delivery method | European style financial settlement in USDT token |
| Initial margin | No margin requirement for long(buy) positions, margin requirement for short positions will be determined by market volatility and delta of your position |
| Maintenance margin | Maintenance margin will be automatically adjusted depending on the delta of your positions on all instruments based on the 50% of the initial margin |
| Fees | Trading fee : 2.5% of the option price or $0.01 whichever is greater, Settlement fee : 2.5% of the settlement amount |
| Price bound of the instrument | Upper bound : none, Lower bound : USD $0.01 |
| Limitation on the size of position | 5,000 contracts per instrument |
| Cases | Profit and loss |
|---|---|
| Bought 10,000 contracts of BTC call option at strike $3,500 at the price of $0.50. Sold all contracts at $2.50 | ($2.50 - $0.50) x 10000 = + $20,000 (profit before fee) |
| Bought 10,000 contracts of BTC call option at strike $3,500 at the price of $0.50. The price of BTC was $3,400 at the maturity. | -$0.50 x 10000 = - $5,000 (loss before fee) |
| Bought 10,000 contracts of BTC put option at strike $3,500 at the price of $0.50. The price of BTC was $2,800 at the maturity. | ($700-$0.50) x 10000 = + $6,995,000 (profit before fee) |