Instruments

Vanilla Options

Types of Order

• Moby's current matching engine allows only market orders

• Orderbooks and limit orders will be offered in the future

• Users can execute orders for the following

  • Buy Call Options

  • Sell Call Options

  • Buy Put Options

  • Sell Put Options

Contract Specification

Specification	Description
Underlying Asset	wBTC (0x2f2a2543B76A4166549F7aaB2e75Bef0aefC5B0f) wETH (0x82aF49447D8a07e3bd95BD0d56f35241523fBab1) Other underlying assets will be added moving forward
Tick Size	Less than $1^(-6)
Contract Multiplier	1X
Trading Hours	Available 24/7 Open / close available up to 30 minutes before option expires
Strike Prices	Options with significant liquidity on Deribit, OKX, and Bybit
Expiration Dates	Short-term OLP: 1 day, 2 days Mid-term OLP: 1 week, 1 month
Exercise Style	European Options can only be exercised on expiration date
Settlement Value	Settled in collateral assets (BTC / ETH / USDC) immediately Settlement value is determined by averaging the corresponding Moby’s Futures Index over the last 30 minutes before expiration
Initial Margin	Buy Call/Put Options: None Sell Call/Put Options: 100% collateral for underlying assets
Maintenance Margin	Buy Call/Put Options: none Sell Call/Put Options: No liquidation; Requires 100% collateral when traders take sell position
Mark Price	Current value of option calculated by Moby's SLE Pricing Module

Fees

• Trade Fee

  • 0.03% of notional value

  • Max 50% of Execution Price

• Settlement Fee

  • 0.02% of notional value

  • Max 50% of Execution Price

For more details about Fees, please read:

Fee Generation

Combo Options

Types of Order

• Moby's current matching engine allows only market orders

• Orderbooks and limit orders will be offered in the future

• Users can execute orders for the following

  • Buy Call Spread

  • Sell Call Spread

  • Buy Put Spread

  • Sell Put Spread

Contract Specification

Specification	Description
Underlying Asset	wBTC (0x2f2a2543B76A4166549F7aaB2e75Bef0aefC5B0f) wETH (0x82aF49447D8a07e3bd95BD0d56f35241523fBab1) Other underlying assets will be added moving forward
Tick Size	Less than $1^(-6)
Contract Multiplier	1X
Trading Hours	Available 24/7 Open / close available up to 30 minutes before option expires
Strike Prices	Intervals one unit smaller than those of Vanilla Options on Moby
Expiration Dates	Short-term OLP: 1 day, 2 days Mid-term OLP: 1 week, 1 month
Exercise Style	European Options can only be exercised on expiration date
Settlement Value	Settled in USDC immediately Settlement value is determined by averaging the corresponding Moby’s Futures Index over the last 30 minutes before expiration
Initial Margin	Buy Call/Put Options: None Sell Call/Put Options: Requires 100% collateral for max payoff
Mark Price	Current value of option calculated by Moby's SLE Pricing Module

Fees

• Trade Fee

  • 0.03% of Notional Value

  • Max 50% of Total Execution Price

• Settlement Fee

  • 0.02% of Notional Value

  • Max 50% of Settle Payoff

For more details about Fees, please read:

Fee Generation