🐋
Moby
  • Let’s Get Started
    • 🐋 About Moby
    • ⚡ Our Vision
    • 🤓 Your Guidebook
      • Get Setup
        • Connect Wallet
        • Trade Options
        • 0DTE Options
        • Provide Liquidity
      • Fees & Instruments
        • Fee Generation
        • Fee Distribution
        • Instruments
      • Testnet
  • How it’s Built
    • 🚀 Synchronized Liquidity Engine (SLE)
    • 🧮 Options Pricing Model
      • Mark Price
        • Futures Index
        • Implied Volatility
      • Risk Premium
        • Deriving Greeks
        • Risk Premium Calculation
        • Risk Managing Mechanism
    • 🤖 Architecture
      • Liquidity Provision Mechanism
      • Options Listing Standard
      • How to Open / Close / Settle Position
      • Synchronized Liquidity Engine (SLE)
      • Options Position Tokens
      • Tools to Maximize Capital Efficiency
    • ⚙️ Key Features
      • High Leverage & Limited Risk with No Liquidation
      • Narrow Spread with Dynamic Risk Premium
      • Guaranteed Settlement
      • Capital Efficiency Improvements with Combo Options
      • Even Higher Capital Efficiency with Clearing House
      • Abundant Liquidity for All Options
      • Composable Options for Structured Products
      • High Profitability for LPs
      • Real-Time Automatically Hedged OLP
      • Upcoming Features
    • ⛓ DeFi Options Vault
      • 🐻 Berachain DeFi Options Vault
        • 🔒 Architecture
        • 📈 Options Strategy
  • How it’s Driven
    • 🛡️ Building the Safest DeFi Protocol
      • Safety Features
      • Smart Contract Audit & Real-Time Security Monitoring
    • 🏛 Backed by Decentralized Governance
      • Governance
    • 🌐 Led by the Best Partners & Community
      • Arbitrum X Moby
      • Engagement Programs
  • Need More Info?
    • 📚 Resource Library
      • Developer Resources & Educational Contents
      • Terms & Conditions
      • Glossary
      • FAQ
  • Developers
    • Moby Traders API
      • REST API
        • General
        • Account
        • Market
    • Trade Scripts
      • Prerequisites
      • Open Positions
      • Close Positions
    • Interfaces & ABI
      • PositionManager.sol
      • SettleManager.sol
      • RewardRouterV2.sol
      • OptionsMarket.sol
    • Appendix 1: Parameters for Open/Close Options
    • Appendix 2: the Diff between optionId and optionTokenId
    • Appendix 3: Sample Moby Contract Module for Developers
Powered by GitBook
On this page
  • Vanilla Options
  • Types of Order
  • Contract Specification
  • Fees
  • Combo Options
  • Types of Order
  • Contract Specification
  • Fees
  1. Let’s Get Started
  2. 🤓 Your Guidebook
  3. Fees & Instruments

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:

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:

PreviousFee DistributionNextTestnet

Last updated 10 months ago

Fee Generation
Fee Generation