Options contract specifications
DEMO ENVIRONMENT ONLY
This article is for Options trading through our demo environment via API.
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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.

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