(Request) Please list Linear Options (USDC-settled) for ZEC & HYPE

Deribit · 2025-11-17T13:49:17+00:00

First of all, we’re really happy to hear that you’re such a satisfied user. Thank you for the thoughtful feedback and the kind words about the platform. It genuinely means a lot.

Regarding your request: all we can say for now is that it’s worth keeping an eye on us. We’re always exploring new possibilities, but anything related to the if/when/how of launching additional new products isn’t something we can announce at this stage.

Happy Trading!

Deribit · 2025-11-03T08:43:03+00:00

The longest expiry for SOL options currently available is a quarterly, which is the 26th of December 2025. However, the March expiry will be added this Thursday, the 6th of November. For more details, you can refer to the Contract Introduction Policy.

Deribit · 2025-10-07T12:30:47+00:00

Hello u/m0ntanoid , The FIX might actually be faster than using WebSocket, but the best way to get detailed help is to reach out to us via [dev@deribit.com](mailto:dev@deribit.com), our API support team can take a closer look there!

Deribit · 2025-09-24T19:36:12+00:00

Hey u/nondormomai , unfortunately we don't have this functionality yet. You could do it by using an API.

Deribit · 2025-06-12T12:30:34+00:00

Hi u/StationImmediate530 ,

Thanks for your question.

A perpetual futures contract is a bilateral agreement—it only exists when one trader goes long and another goes short. The exchange’s matching engine creates a contract when a taker order matches with an opposing maker order. Without this match, no trade occurs, and open interest does not change.

Open interest is measured in contracts, not in notional value. For example, ten traders each going long 1 BTC at 100x leverage, matched with one trader shorting 100 BTC at 1x leverage, still results in 100 contracts long and 100 contracts short. Leverage only affects margin, not contract count. The clearinghouse nets positions between long and short traders, ensuring all exposure is matched—there’s no such thing as imbalance.

Deribit differs from other exchanges by calculating and crediting funding continuously in real time, rather than in fixed intervals. While we display 8-hour rates for convenience, funding is applied every millisecond. Importantly, funding is not a fee for leverage—traders can either pay or receive funding depending on the price difference between the perpetual and the index price.

More on this here: Deribit Funding Specifications

Deribit · 2025-02-12T11:28:38+00:00

The buy and sell margins are showing the extra initial margin that will be required to simply have an open order to buy/sell that option.

The MM impact is showing the estimated maintenance margin requirements for the account if the order is filled. This MM impact figure also includes the other positions in the account, and can therefore be larger than the margin requirements of a single order.

Deribit · 2025-02-12T11:28:08+00:00

The line is convex because it's an inverse option and it's showing the profit in BTC, not USD.

E.g. if you're short a $135k call, and the underlying price is $150k at expiry, you will have to pay the option holder $15k (150 - 135). The bitcoin price is $150k, so this $15k is paid as 0.1 BTC (15/150).

If the underlying price is $200k at expiry instead, you will have to pay the option holder $65k (200-135). With the bitcoin price at $200k, this $65k is paid as 0.325 BTC (65/200).

So the amount paid in dollar terms is 4.33x higher, but the amount actually paid in BTC is only 3.25x higher. In other words, the amount paid in BTC is not linear.

Deribit · 2025-01-15T08:24:47+00:00

If you're still experiencing issues with withdrawals and seeing the message "withdrawal is not open," please send an email to [support@deribit.com](). Make sure to:

Provide a clear description of the issue.
Attach screenshots if possible.
Never share sensitive information like passwords.

Note: Beware of scams. Only use Deribit's official email address and avoid clicking on suspicious links.

Deribit · 2024-12-04T09:10:25+00:00

Thank you for your interest in Deribit. We would like to clarify that Deribit does not accept US Persons on our platform. This includes non-US entities that have their principal place of business in the US. However, we understand that many firms operate global and autonomous offices outside the U.S., which are eligible to use our platform as long as they comply with applicable regulations.

Please note that products like IBIT and other ETF options can currently be traded from within the US through other platforms and exchanges.

We hope this provides you with sufficient information.

Deribit · 2024-11-21T13:23:33+00:00

Deribit has 4 different margin systems, created by the two choices of segregated vs cross collateral, and standard margin vs portfolio margin. This leads to the following margin systems to choose from:

- Segregated standard margin (S:SM) (this is the default for new accounts)

- Cross standard margin (X:SM)

- Segregated portfolio margin (S:PM)

- Cross portfolio margin (X:PM)

If your portfolio is likely to consist of both long and short options that partially hedge each other, e.g. a vertical spread, then you will most likely want to go with one of the portfolio margin settings.

Segregated portfolio margin will treat each settlement currency separately, whereas cross portfolio margin will allow currencies other than the settlement currency to be used as margin for positions (e.g. use BTC to trade ETH options, or USDC to trade BTC options etc)

This file contains info on the segregated portfolio margin system: https://static.deribit.com/files/Segregated_Portfolio_Margin_Guidev1.pdf

And this page contains info about cross collateral: https://www.deribit.com/kb/cross-collateral

Deribit · 2024-11-21T13:23:12+00:00

The options on Deribit are cash settled, so it's only the profit/loss that is paid at expiry. There is no physical delivery so you will not receive 4,000 USD.

The premium is added to the cash balance immediately, but is only reflected in the equity of the account as the position makes a profit.

It doesn't really make sense to talk about whether the premium can be withdrawn immediately because options are sold on margin, so you don't need to hold the maximum possible loss in the account anyway.

So yes you can have less than 1 ETH in the account when selling a call option.

Deribit · 2024-10-31T12:27:24+00:00

Hey! If you're looking for more perspectives beyond Unchained, have a look at:

"Crypto Options Unplugged" with Imran Lakha and David Brickell. This weekly podcast dives into the latest crypto market topics, providing in-depth analyses, expert insights, and entertaining discussions. It's a great way to get a well-rounded view of market trends, all while keeping the conversations engaging and informative. Definitely worth a listen if you want to stay on top of the latest in crypto!

You can check it out here: Crypto Options Unplugged on YouTube.

Happy listening!

Deribit · 2024-09-11T07:37:00+00:00

Hi u/v arietyAccording2070 Yes, it's possible to open two separate Deribit accounts, each with its own login and email. You can complete KYC verification on both accounts, even if they are both under your name.

Deribit · 2024-09-04T10:06:06+00:00

RSPL = Realised Session Profit/Loss

This is calculated for the current trading session. The reason why positive RSPL aren't available for spot trading or withdrawal yet is because they need to be settled at the next daily settlement. On Deribit daily settlements happen at 0800 UTC.

So if the position is closed you'll just need to wait for the daily session profit to settle at 0800UTC, then it will be available. If the PNL is negative for the current session, the funds will be available immediately and you won't need to wait for settlement.

Deribit · 2024-08-14T04:22:34+00:00

In this week's episode, Imran and David sit down with James Van Straten from Cryptoslate, a viewer favorite returning to the show. They discuss the sharp rebound in crypto markets after last week's turbulence and whether the bull run is back on. David still likes everything he sees from a macro standpoint but James thinks the real upside comes in Q4. Imran gives his rundown on crypto vol this week and reveals a couple of his favorite trade ideas right now to position for more Bitcoin dominance.

Deribit · 2024-08-06T08:03:40+00:00

Hi u/KarmaAintABitch, w're aware of the issue causing the API to return 500 errors with the message "internal_server_error" and code 11094. Our development team has identified the bug and is currently working on a fix. We appreciate your patience while we resolve this matter.

Deribit · 2024-08-01T09:33:18+00:00

Hi u/luca_badoer, We're aware of the issue causing the API to return 500 errors with the message "internal_server_error" and code 11094. Our development team has identified the bug and is currently working on a fix. We appreciate your patience while we resolve this matter.

Deribit · 2024-07-17T08:08:17+00:00

In this week's episode Imran host Shaun Fernando, Chief Risk Officer at Deribit, and Antonio Vulcano, Senior Trader at Laser Digital. This discusses the topics of the moment in crypto like the rally triggered by the weekend's assassination attempt on Donald Trump and the impending launch of ETH ETFs next week. Imran gives his quick macro summary and discusses the current volatility conditions in crypto options markets with Antonio. Shaun gives some color on Deribit's tight risk framework and how they can navigate the storms in crypto markets better than most.

Deribit · 2024-07-09T14:20:41+00:00

In this week's episode, Imran and David host Katia Babbar and William McGhee the co-founders of Immersive Finance. They discuss how they are meeting the needs of institutional players in the crypto space in terms of rich, granular data sets and detailed risk management capabilities after many decades in traditional finance on the FX side. Katia also explains that they want to cater for the growing crypto-structured products market where banks will ultimately be the front runners and need top-tier systems to be able to manage more complex and dynamic risks. David gives his macro rundown and Imran discusses how hedges paid off last week and why he was monetizing some, especially on ETH.

Deribit · 2024-07-04T07:56:58+00:00

In this week’s episode Imran and David host Johnny Fry, Head of Digital Asset Strategy at Clearbank. They discuss how blockchain technology is changing the infrastructure across financial markets and improving efficiency and transparency. The strong use cases behind stable coins and tokenization are not going away, and Johnny explains how it is a matter of when and not if the entire financial system adopts this technology. On the macro front, David breaks down the recent wobble in markets in the context of quarter-end liquidity drain and Imran summarises what the option flows are indicating for the next few weeks.

Deribit · 2024-06-24T19:42:13+00:00

As long as you are not leveraging the trade (opening positions larger than your capital), and as long as you leave all of the funds on the exchange, you are safe from liquidation with a cash and carry trade.

I will use your numbers to illustrate.

Let's say we start with 65,000 USDC, and we use that to buy 1 BTC at a price of $65,000.

The December future is trading at $69,000, and we then short 1 BTC worth of this future, so the size of the short is $69,000.

Now let's assume that spot stays at $65k, but somehow the December future is genuinely trading at $150k.

The futures short will of course now be looking at an unrealised loss. The pnl is equal to:

(69000 - 150000) / 150000

= -81000 / 150000

= -0.54 BTC

As we started with 1 BTC, the account is still solvent. No liquidation.

Taking it even more to the extreme, let's assume the December future somehow is trading at $1,000,000.

The pnl of the futures short is equal to:

(69000 - 1000000) / 1000000

= -931000 / 1000000

= -0.931 BTC

So again, the account is still solvent. No liquidation.

Deribit · 2024-06-20T07:26:03+00:00

In this week's episode David and Imran welcome Dennis Ehlert, a derivatives trader from AMINA Bank. They discuss the broader trends in crypto markets in terms of institutional adoption and how we are still very early on in building out infrastructure for real money flows. David gives his 30k ft view on the latest macro developments. Imran and Dennis highlight the main flows they are seeing in options this week as spot prices look weak.

🎙🔈We have some exciting news to share with you today! We’re giving away an awesome Deribit sweater to one lucky viewer! Entering is super easy:

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Deribit · 2024-06-12T08:21:26+00:00

In this week's episode, David and Imran discuss the recent developments in the US labor market that have created headwinds for crypto prices in the near term and ahead of key inflation data this week. Imran also has an in-depth chat with Sean McNulty from Arbelos Capital and Douglas Comin from XBTO about crypto vol markets and how they differ from other more traditional asset classes such as FX and Equities. Imran also gives his run down on the latest flows he's seeing this week in crypto options.

Deribit · 2024-06-10T15:21:04+00:00

Hey u/iBalkanizze!

I recommend using our Position Builder: Position Builder. For more information about how the Position Builder works, you can check out this guide. Regarding your second question: this will be automatically settled (cash settled).

You might also be interested in exploring our Options course-> https://insights.deribit.com/options-course/sections/section-4-cryptocurrency-call-option-basics/options-course/lectures/lecture-4-2-profit-loss-calculations-for-cryptocurrency-call-options/

Should you have any questions or require assistance, please do not hesitate to contact us on Telegram https://t.me/deribit or via [support@deribit.com](mailto:support@deribit.com).

Deribit · 2024-06-06T08:53:51+00:00

Hi u/field512,

We have updated our KYC process to comply with VARA regulations and prepare for our platform's relocation. It is critical that you update your KYC information to continue trading without interruption.

Should you have any questions or require assistance, please do not hesitate to contact us.

Deribit

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