Options contract specifications
DEMO ENVIRONMENT ONLY
This article is for Options trading through our demo environment via API.
Pair | XBT/USD | ETH/USD | |
|---|---|---|---|
Style | European, cash-settled in USD | European, cash-settled in USD | |
Maturities | Weekly, Monthly, Quarterly, Semi-annual | Weekly, Monthly, Quarterly, Semi-annual | |
Min Order | 0.01 Contracts | 0.1 Contracts | |
Tick Size | 1 USD | 0.1 USD | |
Settlement | BTCOPTRR – 30 minute observation window before 8 UTC | ETHOPTRR – 30 minute observation window before 8 UTC | |
Fee Structure | Same fee structure as Kraken Derivatives, based on notional but capped at 12.5% of the premium paid | Same fee structure as Kraken Derivatives, based on notional but capped at 12.5% of the premium paid | |
Collateral | Same as our Multi-Collateral offering, over 30 different currencies with various haircuts | Same as our Multi-Collateral offering, over 30 different currencies with various haircuts | |
Symbol schema | OF_{PAIR}_{YYMMDD}_{STRIKE}_{C,P} – i.e. a Bitcoin/USD 20k CALL for 27th Dec 2024 would be OF_XBTUSD_241227_20000_C while an Ethereum/USD 20k PUT would be OF_ETHUSD_241227_20000_P | OF_{PAIR}_{YYMMDD}_{STRIKE}_{C,P} – i.e. a Bitcoin/USD 20k CALL for 27th Dec 2024 would be OF_XBTUSD_241227_20000_C while an Ethereum/USD 20k PUT would be OF_ETHUSD_241227_20000_P |
Mark pricing
Similar to our other Derivative products, a mark price will be calculated for options and used for margining purposes.
This mark price will be based on various factors and calculated using a SABR volatility model. Namely, the term structure of the underlying market, the IV curve available across multiple markets as well as other anti-manipulation factors.
Mark pricing