Products Non-US Cleared
XA - BTC Options - European
Product Code
XA
Instrument
Options
Inst Sub Type
European
Settlement Type
Cash USDC
Underlying Asset
BITCOIN
Min Block Size (Contract)
0.001 BTC
Min Description
Per Transaction
Contract Multiplier
1
Min Price Increment
0.01 USD
Min Contract Increment
0.001
XB - ETH Options
Product Code
XB
Instrument
Options
Inst Sub Type
European
Settlement Type
Cash USDC
Underlying Asset
ETHEREUM
Min Block Size (Contract)
0.1 ETH
Min Description
Per Transaction
Contract Multiplier
1
Min Price Increment
0.01 USD
Min Contract Increment
0.1
XE - HYPE Options
Product Code
XE
Instrument
Options
Inst Sub Type
European
Settlement Type
Cash USDC
Underlying Asset
HYPERLIQUID
Min Block Size (Contract)
1 HYPE
Min Description
Per Transaction
Contract Multiplier
1
Min Price Increment
0.001 USD
Min Contract Increment
1
List of Perpetuals supported
Leg Pricing Assignment Methodology
Paradigm’s leg pricing methodology attempts to take the quoted strategy prices as entered by the maker and calculate individual leg prices subject to the following broad constraints:
1
Calculate leg prices as close to the mark as possible
2
Leg prices must be in increments of minimum tick size
3
Leg prices must be within the Min and Max prescribed by the exchange for each leg
4
For options strategies, leg prices must preserve delta relationships:
- Higher strike puts > Lower strike puts
- Higher strike calls < Lower strike calls
Important Pricing Points to Consider
•
Manual entry for individual leg prices when Paradigm is unable to calculate leg prices that are “sensical”
- Paradex's Min/Max values for certain strikes in the option chain can overlap (i.e. Max of lower strike put can be higher than Min of higher strike put). As a result certain strategies prove difficult to calculate leg prices that satisfy conditions stated above (1,2,3) and also specifically preserve delta relationships (4).
- In these rare instances, Paradigm will ask the Maker to input individual leg prices and submit those prices to Paradex. Note that in such cases, Paradigm DOES NOT do any checks to ensure that the leg prices preserve delta relationships and prices will be submitted on an “as is” basis.
•
Currently, Paradigm does not allow zero or negative prices for the following strategies
- Straddles
- Strangles
- Non-ratio, single-expiration Put and Call Spreads
Fees
Paradigm fees for Paradex products are free.
Account Credentials
1
Log into your Paradex account
2
Go to Settings and click the Key Management tab
3
Select Trading Keys and click +Add New Key
4
Enter your Key Name and click Continue
5
Copy and save your Address, Private and Public Keys
*Note: This key will not give us access to your account information. Instead, it only allows Paradigm the ability to submit block trades on a user's behalf.
6
On your Paradigm Dashboard, select Account tab under Derivatives (Listed) → Paradex
7
Click "+"
8
Enter a nickname for the Key. Input your Paradex API credentials (i.e. Address, Private Key) you just created
9
Click Add
10
You can add multiple Paradex API keys to your Paradigm Dashboard, then toggle between keys for trading/clearing in that selected Paradex (sub)account
Restricted Jurisdictions
Please see here
