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USD-margined option contract specifications |
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Symbol |
Underlying-USD-date-strike-type(C or P) For example: BTC-USD-4MAY22-40000-C refers to an option contract with the BTC/USD index as the underlying, with an expiration date of May 4, 2022, an exercise price of 40,000 USD and a call type. |
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Contract Unit |
1*underlying asset For example, the contract unit for 1 BTC USD-margined option is 1 BTC |
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Underlying asset |
BIT Index price |
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Expiration Time |
8:00 AM UTC on expiration date |
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Settlement |
Settled in USD. The settlement price is the 30 minutes arithmetic average of the BIT Index before expiration. The exercise - settlement value = (settlement price - strike price) * position size (coin) |
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Mark price |
The option mark price, also known as the option contract value, is calculated based on the best bid and ask prices in the market. BIT's risk management team places limits at the option implied volatility level to effectively avoid the adverse effects of manipulative trading. |
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Trading band |
Order price must be within a certain range of mark price BTC: mark price +/- 0.02 * underlying price ETH: mark price +/- 0.04 * underlying price TON: mark price +/- 0.05 * underlying price |
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Leverage |
1-10x cross-margin leverage the actual leverage depends on the position size |
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Max position |
The maximum position for all USD margined options cannot exceed 5,000,000 USD |
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Trading fee |
Maker: 0.02% Taker: 0.05% Check tiered fee rates Forced liquidation fee: 0.5% |
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Exercise Fee |
0% for daily options 0.015% for all other options |
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Block trade |
Block trade is supported ETH minimum trade size: 0.1 ETH TON minimum trade size: 1 TON |
Trading rules
BIT has set detailed trading rules such as order size, order price and number of orders for USD margined options. You may visit Trading Center to check the latest information.