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HomeOverviewTradingRisk & LiquidationsParadex ChainEcosystemREST APIWebSocket APIAgentic AI HubRelease Notes
  • Getting Started
    • Overview
    • Privacy Perps
    • Trading Fees
    • Trader Profiles
    • Retail Price Improvement
    • FastFills
    • TradFi Markets
  • Spot Trading
    • Supported Order Types
    • Quoting & Settlement
    • Non-USDC Balances & Collateral
    • Naming Convention
  • Dated Options
    • Overview
    • Expiries and listing schedule
    • Mark price
    • Greeks
    • Margin requirements
    • FAQ
  • Orders
    • Placing Orders
    • Order Instructions
    • VWAP Price Protection for Market Orders
    • Price Impact and Slippage
    • How to Change Max Slippage
    • Margin Calculator
    • Self Trade Prevention
    • Receive Window
  • Instruments Guide
      • BTC Options
      • ETH Options
      • HYPE Options
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  • Margin Configuration
Instruments GuideOptions

HYPE options configuration

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The reference configuration for the HYPE Dated Options contract:

ParameterValue
Product typeDated European Option
Symbol formatHYPE-USD-{Expiry}-{Strike}-{Type}
Base currencyHYPE
Quote currencyUSD
Settlement currencyUSDC
Price tick size0.001 USD
Order size increment1 HYPE
Minimum order value20 USD
Maximum order size10,000 HYPE
Maximum open orders150
Position limit100,000 HYPE
Spot band factor50%
IV band factor50%

Margin Configuration

  • Cross Margin Requirements — cross-margin IMR/MMR parameters for trading options
  • Portfolio Margin — portfolio-level risk evaluation for reduced margin on hedged portfolios