Coinbase Logo
A new kind of derivatives exchange. We are focused on creating accessible markets and innovative products built for institutional and retail traders.
Please note: crypto-derivatives are not available to retail clients based in the United Kingdom or Spain.

Jump right in

Trade, speculate, and hedge the price of digital assets without owning crypto or holding a crypto wallet using U.S. dollars.

Go further

Take positions with less upfront capital using products built for your level of risk.

Take control

Express long and short market views while protecting your underlying crypto positions.

Trade securely

Access products built on a CFTC-regulated futures exchange at the largest public crypto company that adheres to the highest security protocols.

Our Products

Bitcoin

At 1 Bitcoin per futures contract, this is a way for institutions to gain granular exposure to Bitcoin.

Asset class

Crypto

Contract size

Full-sized/institutional

Ether

At 10 Ether per futures contract, this is a way for institutions to gain granular exposure to ether.

Asset class

Crypto

Contract size

Full-sized/institutional

Litecoin

At 5 Litecoin per futures contract, this contract allows participants to manage risk, trade on margin, or speculate on the price of Litecoin.

Asset class

Crypto

Contract size

Full-sized

Bitcoin Cash

At 1 Bitcoin Cash per futures contract, this contract allows participants to manage risk, trade on margin, or speculate on the price of Bitcoin Cash.

Asset class

Crypto

Contract size

Full-sized

Dogecoin

At 5,000 Dogecoin per futures contract, this contract allows participants to manage risk, trade on margin, or speculate on the price of Dogecoin.

Asset class

Crypto

Contract size

Full-sized

nano Bitcoin

At 100th of the size of a Bitcoin, this contract is an accessible way to take a view on the future price of Bitcoin.

Asset class

Digital asset

Contract size

nano/retail

nano Ether

At 1/10 of an Ether, this contract allows participants to manage risk, trade on margin, or speculate on the price of Ether.

Asset class:

Digital asset

Contract size:

nano/retail

Crude Oil

Participate in one of the largest commodity markets by trading the price of West Texas Intermediate (WTI) crude oil.

Asset class

Energy

Contract size

micro

Access liquid markets

Our broker and FCM partners provide market access to trade Coinbase Derivatives products.

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Market References

Block Trades

Block Trades Overview

A block trade is a permissible, off-exchange, privately negotiated transaction either at or exceeding a Coinbase Derivatives determined minimum threshold quantity of futures contracts as set forth below, which is executed at a fair and reasonable price apart and away from the central limit order book.  Additionally, after a block trade is agreed upon (the “execution time”), it is the responsibility of the parties to submit to Coinbase Derivatives within 15 minutes via email to the Coinbase Derivatives market operations group at blocktrade@coinbase.com.  Phone calls will not be accepted.

Block Liquidity Provider

Below is a roster of firms that have authorized inclusion as contacts for clients seeking to execute block trades on Coinbase Derivatives.

Company

Contact Name

Contact Email

DV Trading

Dave Vizsolyi

djvizs@dvchain.co

Galaxy

Michael Harvey

otc@galaxy.com

Block Thresholds and Reporting Times

Each party to a block trade must be an Eligible Contract Participant as defined in Section 1a(18) of the Commodity Exchange Act. All parties wishing to participate in a block transaction must be registered on Coinbase Derivatives by the respective Clearing FCM. Please coordinate with your Clearing FCM to set permissions and establish limits for block trading. Account onboarding can be coordinated with Coinbase Derivatives via derivatives@coinbase.com

Contract Title

Product Trading Code

Block Trade Minimum Quantity Threshold Level

Reporting Time (Minutes)

Bitcoin Futures

BTI

25

15

Ether Futures

ETI

25

15

Please see Coinbase Derivatives Rule 601 for the requirements to execute a block trade and Market Notice 23-17 provides additional guidance for block trades.

Margins

The below table lists the indicative maximum initial margin (IM) percentages. Indicative IM is shown as a percentage of each contract’s notional value and the indicative $ IM value, as provided by Nodal Clear, which provides clearing services for Coinbase Derivatives.

Please note that the indicative margin values below:

  • vary based on direction of the position (long or short)

  • do not factor in potential offsets via portfolio margining which Nodal utilizes

  • will fluctuate based on volatility, changing market conditions, and other factors

This is provided for informational purposes only. The margin applicable to your trades and positions may be more or less than that stated above. Any questions regarding margin should be directed to your broker.

The rates below are estimated hedge rates.

Product

Product Symbol

Long (buy) %

Long (buy) $ Value

Short (sell) %

Short (sell) $ Value

Micro Crude Oil Fut

OIL

9.4744%

$750

11.0323%

$880

Nano Bitcoin Fut

BIT

20.896%

$130

27.0812%

$170

Litecoin Futures

LC

30.1582%

$130

45.3598%

$190

Dogecoin Futures

DOG

38.5218%

$260

77.3423%

$520

Nano Ether Fut

ET

22.8099%

$70

31.7355%

$100

Ether Fut

ETI

22.9492%

$6910

31.6241%

$9530

Bitcoin Cash Futures

BCH

31.2428%

$140

46.8642%

$210

Bitcoin Fut

BTI

20.9582%

$12540

27.1037%

$16210

Historical Data

DATE

SYMBOL

EXPIRATION

OPEN

CLOSE

SETTLEMENT

HIGH

LOW

VOLUME

BLOCK VOLUME

OPEN INTEREST

05/03/2024

BCHK24

May

438.70

459.00

453.20

461.65

433.20

427

-

345

05/03/2024

BCHM24

June

461.10

461.10

455.65

461.10

461.10

3

-

603

05/03/2024

BCHN24

July

-

-

446.20

-

-

-

-

-

05/03/2024

BITK24

May

59445.00

63435.00

62625.00

63690.00

59400.00

102300

-

21813

05/03/2024

BITM24

June

59730.00

63855.00

63075.00

63910.00

59730.00

476

-

35

05/03/2024

BITN24

July

-

-

63605.00

-

-

-

-

-

05/03/2024

BTIK24

May

59330.00

63470.00

62530.00

63470.00

59320.00

593

-

278

05/03/2024

BTIM24

June

60035.00

60035.00

63090.00

60035.00

60035.00

2

-

18

05/03/2024

BTIN24

July

60515.00

62015.00

63600.00

62015.00

60515.00

2

-

2

05/03/2024

BTIQ24

August

-

-

65750.00

-

-

-

-

-

05/03/2024

BTIZ24

December

-

-

64775.00

-

-

-

-

-

05/03/2024

DOGK24

May

0.14052

0.13966

0.14165

0.14083

0.13966

7

-

94

05/03/2024

DOGM24

June

-

0.13478

0.14231

-

-

-

-

76

05/03/2024

DOGN24

July

-

-

0.14231

-

-

-

-

-

05/03/2024

ETIK24

May

3037.00

3132.00

3093.00

3132.00

3004.50

53

-

32

05/03/2024

ETIM24

June

-

2950.50

3115.50

-

-

-

-

6

05/03/2024

ETIN24

July

3035.50

3035.50

3140.00

3035.50

3035.50

1

-

-

05/03/2024

ETIQ24

August

-

-

3180.50

-

-

-

-

-

05/03/2024

ETIZ24

December

-

-

3154.00

-

-

-

-

-

05/03/2024

ETK24

May

3012.00

3135.00

3100.50

3152.00

2983.50

16600

-

11079

05/03/2024

ETM24

June

3013.00

3151.50

3114.50

3165.00

3013.00

31

-

20

05/03/2024

ETN24

July

-

-

3138.50

-

-

-

-

-

05/03/2024

LCK24

May

81.32

83.17

82.52

83.42

80.30

320

-

396

05/03/2024

LCM24

June

-

84.88

83.37

-

-

-

-

466

05/03/2024

LCN24

July

-

-

79.83

-

-

-

-

-

05/03/2024

OILM24

June

79.10

78.07

78.07

79.25

78.07

38

-

1

05/03/2024

OILN24

July

-

-

77.72

-

-

-

-

-

05/02/2024

BCHK24

May

423.30

430.35

435.30

435.85

415.90

218

-

291

05/02/2024

BCHM24

June

-

433.25

437.40

-

-

-

-

606

05/02/2024

BCHN24

July

-

-

427.95

-

-

-

-

-

05/02/2024

BITK24

May

58150.00

59380.00

59820.00

60200.00

57300.00

90457

-

25273

05/02/2024

BITM24

June

58245.00

59855.00

60205.00

60345.00

57945.00

229

-

25

05/02/2024

BITN24

July

-

-

60675.00

-

-

-

-

-

05/02/2024

BTIK24

May

58800.00

59310.00

59800.00

60025.00

57780.00

170

-

83

05/02/2024

BTIM24

June

58255.00

60270.00

60205.00

60270.00

58255.00

3

-

18

05/02/2024

BTIN24

July

-

-

60680.00

-

-

-

-

-

05/02/2024

BTIQ24

August

-

-

62830.00

-

-

-

-

-

05/02/2024

BTIZ24

December

-

-

61855.00

-

-

-

-

-

05/02/2024

DOGK24

May

0.13434

0.13246

0.13395

0.13434

0.13232

13

-

95

05/02/2024

DOGM24

June

-

0.13478

0.13462

-

-

-

-

76

05/02/2024

DOGN24

July

-

-

0.13462

-

-

-

-

-

05/02/2024

ETIK24

May

2921.00

3004.50

3011.00

3012.50

2921.00

20

-

34

05/02/2024

ETIM24

June

-

2950.50

3031.50

-

-

-

-

6

05/02/2024

ETIN24

July

2964.00

3052.00

3059.00

3052.00

2964.00

2

-

1

05/02/2024

ETIQ24

August

-

-

3099.50

-

-

-

-

-

05/02/2024

ETIZ24

December

-

-

3073.00

-

-

-

-

-

05/02/2024

ETK24

May

2980.00

3008.50

3025.00

3032.50

2915.50

14074

-

11674

05/02/2024

ETM24

June

2982.50

3009.00

3030.50

3027.50

2972.00

37

-

16

05/02/2024

ETN24

July

-

-

3055.00

-

-

-

-

-

05/02/2024

LCK24

May

80.60

81.10

81.57

82.00

79.60

370

-

361

05/02/2024

LCM24

June

-

84.88

82.41

-

-

-

-

466

05/02/2024

LCN24

July

-

-

78.87

-

-

-

-

-

05/02/2024

OILM24

June

79.38

78.98

78.95

79.78

78.98

10

-

1

05/02/2024

OILN24

July

-

-

78.48

-

-

-

-

-

05/01/2024

BCHK24

May

436.60

418.70

418.20

438.00

405.00

152

-

280

05/01/2024

BCHM24

June

433.25

433.25

420.00

433.25

433.25

3

-

606

05/01/2024

BCHN24

July

-

-

410.55

-

-

-

-

-

05/01/2024

BITK24

May

60340.00

57850.00

57560.00

61500.00

57060.00

130809

-

25926

05/01/2024

BITM24

June

61010.00

57435.00

57760.00

61185.00

57300.00

593

-

25

05/01/2024

BITN24

July

-

-

58150.00

-

-

-

-

-

05/01/2024

BTIK24

May

60665.00

57930.00

57430.00

61295.00

57085.00

228

-

99

05/01/2024

BTIM24

June

-

62755.00

57730.00

-

-

-

-

19

05/01/2024

BTIN24

July

-

-

58155.00

-

-

-

-

-

05/01/2024

BTIQ24

August

-

-

60305.00

-

-

-

-

-

05/01/2024

BTIZ24

December

-

-

59330.00

-

-

-

-

-

05/01/2024

DOGK24

May

0.12966

0.13366

0.12793

0.13415

0.12878

132

-

94

05/01/2024

DOGM24

June

0.13387

0.13478

0.12859

0.13589

0.13387

24

-

76

05/01/2024

DOGN24

July

-

-

0.12859

-

-

-

-

-

05/01/2024

ETIK24

May

2918.50

2959.50

2933.50

2959.50

2836.00

22

-

29

05/01/2024

ETIM24

June

2950.50

2950.50

2949.50

2950.50

2950.50

1

-

6

05/01/2024

ETIN24

July

-

3134.00

2971.00

-

-

-

-

1

05/01/2024

ETIQ24

August

-

-

3011.50

-

-

-

-

-

05/01/2024

ETIZ24

December

-

-

2985.00

-

-

-

-

-

05/01/2024

ETK24

May

2970.00

2960.00

2945.50

3042.00

2830.00

29421

-

11550

05/01/2024

ETM24

June

3030.00

2947.00

2949.50

3030.00

2900.00

95

-

10

05/01/2024

ETN24

July

-

-

2970.50

-

-

-

-

-

05/01/2024

LCK24

May

83.50

79.75

79.48

83.50

76.86

319

-

338

05/01/2024

LCM24

June

-

84.88

80.32

-

-

-

-

466

05/01/2024

LCN24

July

-

-

76.78

-

-

-

-

-

05/01/2024

OILM24

June

80.68

79.17

79.04

81.21

79.08

16

-

1

05/01/2024

OILN24

July

-

-

78.44

-

-

-

-

-

04/30/2024

BCHK24

May

463.80

437.75

433.75

474.85

426.60

232

-

308

04/30/2024

BCHM24

June

454.35

434.90

435.95

457.35

430.50

107

-

603

04/30/2024

BCHN24

July

-

-

426.50

-

-

-

-

-

04/30/2024

BITK24

May

63690.00

60320.00

59600.00

65440.00

59500.00

86280

-

24754

04/30/2024

BITM24

June

64265.00

60545.00

59760.00

64965.00

59750.00

469

-

15

04/30/2024

BITN24

July

-

-

60300.00

-

-

-

-

-

04/30/2024

BTIK24

May

64610.00

60160.00

59635.00

65105.00

59825.00

313

-

102

04/30/2024

BTIM24

June

62755.00

62755.00

59810.00

62755.00

62755.00

1

-

19

04/30/2024

BTIN24

July

-

-

60300.00

-

-

-

-

-

04/30/2024

BTIQ24

August

-

-

62450.00

-

-

-

-

-

04/30/2024

BTIZ24

December

-

-

61475.00

-

-

-

-

-

04/30/2024

DOGK24

May

-

0.14366

0.13165

-

-

-

-

94

04/30/2024

DOGM24

June

0.14605

0.13405

0.13233

0.14777

0.13386

12

-

100

04/30/2024

DOGN24

July

-

-

0.13233

-

-

-

-

-

04/30/2024

ETIK24

May

3185.00

2987.00

2931.00

3185.00

2957.00

88

-

30

04/30/2024

ETIM24

June

3073.50

2986.50

2949.50

3073.50

2986.50

3

-

5

04/30/2024

ETIN24

July

3134.00

3134.00

2977.50

3134.00

3134.00

1

-

1

04/30/2024

ETIQ24

August

-

-

3018.00

-

-

-

-

-

04/30/2024

ETIZ24

December

-

-

2991.50

-

-

-

-

-

04/30/2024

ETK24

May

3196.00

2974.50

2936.00

3280.00

2931.00

36934

-

11205

04/30/2024

ETM24

June

3232.00

2978.50

2949.50

3232.50

2978.50

89

-

25

04/30/2024

ETN24

July

-

-

2977.50

-

-

-

-

-

04/30/2024

LCK24

May

83.30

79.82

78.83

85.02

78.48

488

-

325

04/30/2024

LCM24

June

-

84.88

79.64

-

-

-

-

466

04/30/2024

LCN24

July

-

-

76.10

-

-

-

-

-

04/30/2024

OILM24

June

81.51

81.61

81.89

82.21

81.51

18

-

1

04/30/2024

OILN24

July

-

-

81.29

-

-

-

-

-

04/29/2024

BCHK24

May

492.50

466.00

465.95

492.50

452.90

311

-

283

04/29/2024

BCHM24

June

482.00

459.75

468.40

482.10

459.75

502

-

496

04/29/2024

BCHN24

July

-

-

458.95

-

-

-

-

-

04/29/2024

BITK24

May

64860.00

63650.00

63635.00

64900.00

62495.00

46918

-

20510

04/29/2024

BITM24

June

63990.00

64095.00

63995.00

64120.00

63205.00

118

-

6

04/29/2024

BITN24

July

-

-

64555.00

-

-

-

-

-

04/29/2024

BTIK24

May

64275.00

63695.00

63540.00

64275.00

62300.00

279

-

77

04/29/2024

BTIM24

June

64025.00

63345.00

64015.00

64025.00

63220.00

4

-

20

04/29/2024

BTIN24

July

-

-

64545.00

-

-

-

-

-

04/29/2024

BTIQ24

August

-

-

66695.00

-

-

-

-

-

04/29/2024

BTIZ24

December

-

-

65720.00

-

-

-

-

-

04/29/2024

DOGK24

May

0.14802

0.14366

0.14202

0.14899

0.14366

94

-

94

04/29/2024

DOGM24

June

0.14889

0.14229

0.14269

0.14913

0.14229

102

-

102

04/29/2024

DOGN24

July

-

-

0.14269

-

-

-

-

-

04/29/2024

ETIK24

May

3302.00

3190.50

3200.00

3302.00

3153.50

65

-

20

04/29/2024

ETIM24

June

-

3185.00

3222.50

-

-

-

-

4

04/29/2024

ETIN24

July

-

-

3250.50

-

-

-

-

-

04/29/2024

ETIQ24

August

-

-

3291.00

-

-

-

-

-

04/29/2024

ETIZ24

December

-

-

3264.50

-

-

-

-

-

04/29/2024

ETK24

May

3185.00

3201.50

3206.50

3355.00

3129.00

26754

-

7968

04/29/2024

ETM24

June

3328.50

3225.00

3222.00

3328.50

3225.00

15

-

5

04/29/2024

ETN24

July

-

-

3251.50

-

-

-

-

-

04/29/2024

LCK24

May

89.10

83.23

83.62

89.10

83.00

422

-

324

04/29/2024

LCM24

June

86.34

84.88

84.46

87.37

84.88

472

-

466

04/29/2024

LCN24

July

-

-

80.92

-

-

-

-

-

04/29/2024

OILM24

June

83.32

83.32

82.65

83.32

83.32

2

-

1

04/29/2024

OILN24

July

-

-

82.05

-

-

-

-

-

04/26/2024

BCHJ24

April

482.00

480.00

480.65

482.25

477.50

41

-

491

04/26/2024

BCHK24

May

483.10

492.50

492.45

497.00

474.70

158

-

394

04/26/2024

BCHM24

June

-

-

498.00

-

-

-

-

-

04/26/2024

BITJ24

April

64775.00

64865.00

64300.00

64785.00

63370.00

9357

-

16141

04/26/2024

BITK24

May

65480.00

64855.00

64505.00

65560.00

63980.00

47947

-

16161

04/26/2024

BITM24

June

-

-

64890.00

-

-

-

-

-

04/26/2024

BTIJ24

April

64285.00

64915.00

64300.00

64490.00

63660.00

26

-

173

04/26/2024

BTIK24

May

65305.00

64510.00

64355.00

65420.00

64005.00

57

-

60

04/26/2024

BTIM24

June

65405.00

64860.00

64860.00

65405.00

64860.00

4

-

16

04/26/2024

BTIN24

July

-

-

64860.00

-

-

-

-

-

04/26/2024

BTIZ24

December

-

-

66035.00

-

-

-

-

-

04/26/2024

ETIJ24

April

3135.50

3159.50

3144.00

3135.50

3135.50

2

-

41

04/26/2024

ETIK24

May

3168.50

3161.00

3163.00

3170.50

3161.00

4

-

29

04/26/2024

ETIM24

June

3185.50

3185.00

3185.00

3185.50

3185.00

3

-

4

04/26/2024

ETIN24

July

-

-

3185.00

-

-

-

-

-

04/26/2024

ETIZ24

December

-

-

3199.00

-

-

-

-

-

04/26/2024

ETJ24

April

3172.00

3173.00

3144.00

3172.00

3112.50

4753

-

6930

04/26/2024

ETK24

May

3205.00

3173.00

3169.50

3205.50

3128.00

9056

-

7058

04/26/2024

ETM24

June

-

-

3189.50

-

-

-

-

-

04/26/2024

LCJ24

April

84.10

84.56

87.77

87.95

83.68

61

-

199

04/26/2024

LCK24

May

85.00

89.10

89.00

90.00

83.99

393

-

190

04/26/2024

LCM24

June

-

-

90.17

-

-

-

-

-

04/26/2024

OILM24

June

83.89

83.62

83.82

84.11

83.62

13

-

2

04/26/2024

OILN24

July

-

-

83.10

-

-

-

-

-

04/25/2024

BCHJ24

April

476.40

480.00

478.15

483.90

472.00

87

-

521

04/25/2024

BCHK24

May

488.60

485.20

482.95

488.60

474.90

116

-

382

04/25/2024

BCHM24

June

-

-

488.55

-

-

-

-

-

04/25/2024

BITJ24

April

64200.00

64865.00

64715.00

65030.00

62775.00

189546

-

19399

04/25/2024

BITK24

May

65155.00

65595.00

65435.00

65775.00

63400.00

45536

-

10947

04/25/2024

BITM24

June

-

-

65840.00

-

-

-

-

-

04/25/2024

BTIJ24

April

64230.00

64915.00

64710.00

64915.00

63050.00

144

-

173

04/25/2024

BTIK24

May

64770.00

65495.00

65330.00

65600.00

63665.00

74

-

51

04/25/2024

BTIM24

June

65900.00

65725.00

65835.00

65900.00

65725.00

4

-

16

04/25/2024

BTIN24

July

-

-

65835.00

-

-

-

-

-

04/25/2024

BTIZ24

December

-

-

67010.00

-

-

-

-

-

04/25/2024

ETIJ24

April

3113.00

3159.50

3164.00

3179.50

3093.50

29

-

41

04/25/2024

ETIK24

May

3151.00

3201.50

3185.00

3201.50

3119.50

31

-

28

04/25/2024

ETIM24

June

-

3190.50

3211.50

-

-

-

-

5

04/25/2024

ETIN24

July

-

-

3211.50

-

-

-

-

-

04/25/2024

ETIZ24

December

-

-

3225.50

-

-

-

-

-

04/25/2024

ETJ24

April

3146.00

3173.00

3163.50

3180.00

3073.50

20153

-

8016

04/25/2024

ETK24

May

3170.00

3209.00

3200.00

3235.00

3101.50

10961

-

5597

04/25/2024

ETM24

June

-

-

3215.00

-

-

-

-

-

04/25/2024

LCJ24

April

83.50

84.56

84.61

84.78

82.64

163

-

231

04/25/2024

LCK24

May

84.70

85.62

85.45

85.62

83.54

76

-

128

04/25/2024

LCM24

June

-

-

86.63

-

-

-

-

-

04/25/2024

OILM24

June

82.97

83.83

83.59

83.83

82.41

53

-

3

04/25/2024

OILN24

July

-

-

82.77

-

-

-

-

-

04/24/2024

BCHJ24

April

503.00

482.80

484.25

510.80

478.30

118

-

550

04/24/2024

BCHK24

May

511.80

486.20

488.95

515.40

482.10

102

-

324

04/24/2024

BCHM24

June

-

-

495.85

-

-

-

-

-

04/24/2024

BITJ24

April

66400.00

63975.00

63910.00

67120.00

63500.00

61558

-

24489

04/24/2024

BITK24

May

66990.00

64805.00

64660.00

68200.00

62260.00

32999

-

6709

04/24/2024

BITM24

June

-

-

65155.00

-

-

-

-

-

04/24/2024

BTIJ24

April

66325.00

63680.00

63900.00

67070.00

63670.00

321

-

177

04/24/2024

BTIK24

May

66875.00

64700.00

64565.00

66995.00

64365.00

63

-

41

04/24/2024

BTIM24

June

67540.00

65610.00

65165.00

67565.00

65610.00

14

-

14

04/24/2024

BTIN24

July

-

-

65165.00

-

-

-

-

-

04/24/2024

BTIZ24

December

-

-

66340.00

-

-

-

-

-

04/24/2024

ETIJ24

April

3244.50

3125.50

3132.50

3281.00

3110.00

48

-

43

04/24/2024

ETIK24

May

3308.50

3147.00

3156.00

3308.50

3147.00

34

-

13

04/24/2024

ETIM24

June

3190.50

3190.50

3185.00

3190.50

3190.50

1

-

5

04/24/2024

ETIN24

July

-

-

3185.00

-

-

-

-

-

04/24/2024

ETIZ24

December

-

-

3199.00

-

-

-

-

-

04/24/2024

ETJ24

April

3189.00

3129.50

3135.00

3292.00

3103.50

23129

-

10032

04/24/2024

ETK24

May

3239.00

3158.50

3164.50

3342.00

3139.50

8110

-

2697

04/24/2024

ETM24

June

-

-

3185.00

-

-

-

-

-

04/24/2024

LCJ24

April

85.16

84.04

84.53

87.23

83.77

163

-

265

04/24/2024

LCK24

May

86.24

85.22

85.36

88.18

85.12

103

-

126

04/24/2024

LCM24

June

-

-

86.51

-

-

-

-

-

04/24/2024

OILM24

June

83.28

82.83

82.79

83.28

82.83

3

-

1

04/24/2024

OILN24

July

-

-

82.07

-

-

-

-

-

04/23/2024

BCHJ24

April

521.70

508.00

513.05

527.40

508.00

118

-

629

04/23/2024

BCHK24

May

530.85

528.60

518.45

530.85

528.60

6

-

271

04/23/2024

BCHM24

June

-

-

524.35

-

-

-

-

-

04/23/2024

BITJ24

April

66700.00

66355.00

66525.00

67330.00

65840.00

48458

-

30829

04/23/2024

BITK24

May

67515.00

66735.00

67140.00

67970.00

66735.00

59

-

259

04/23/2024

BITM24

June

-

-

67870.00

-

-

-

-

-

04/23/2024

BTIJ24

April

67000.00

66170.00

66525.00

67310.00

66100.00

248

-

213

04/23/2024

BTIK24

May

66990.00

67385.00

67160.00

67720.00

66730.00

7

-

17

04/23/2024

BTIM24

June

68490.00

68490.00

67855.00

68490.00

68490.00

1

-

4

04/23/2024

BTIN24

July

-

-

67855.00

-

-

-

-

-

04/23/2024

BTIZ24

December

-

-

69030.00

-

-

-

-

-

04/23/2024

ETIJ24

April

3161.50

3201.00

3219.50

3266.50

3156.50

34

-

44

04/23/2024

ETIK24

May

3300.00

3300.00

3254.00

3300.00

3300.00

1

-

13

04/23/2024

ETIM24

June

3329.00

3267.50

3280.50

3329.00

3267.50

4

-

4

04/23/2024

ETIN24

July

-

-

3280.50

-

-

-

-

-

04/23/2024

ETIZ24

December

-

-

3294.50

-

-

-

-

-

04/23/2024

ETJ24

April

3202.00

3213.50

3222.50

3289.50

3157.50

14364

-

13961

04/23/2024

ETK24

May

3222.00

3256.00

3256.00

3304.50

3185.50

504

-

104

04/23/2024

ETM24

June

-

-

3281.50

-

-

-

-

-

04/23/2024

LCJ24

April

86.08

85.16

86.24

86.20

84.28

63

-

327

04/23/2024

LCK24

May

-

85.96

87.12

-

-

-

-

111

04/23/2024

LCM24

June

-

-

88.13

-

-

-

-

-

04/23/2024

OILM24

June

-

-

83.36

-

-

-

-

-

04/23/2024

OILN24

July

-

-

82.56

-

-

-

-

-

04/22/2024

BCHJ24

April

504.80

520.20

517.35

520.20

499.30

165

-

648

04/22/2024

BCHK24

May

511.45

517.50

522.55

517.85

504.05

58

-

277

04/22/2024

BCHM24

June

-

-

527.95

-

-

-

-

-

04/22/2024

BITJ24

April

64510.00

66635.00

66655.00

66970.00

64510.00

65952

-

30725

04/22/2024

BITK24

May

65670.00

67350.00

67360.00

67605.00

65670.00

19

-

255

04/22/2024

BITM24

June

-

-

68045.00

-

-

-

-

-

04/22/2024

BTIJ24

April

65000.00

66640.00

66655.00

66830.00

64555.00

144

-

217

04/22/2024

BTIK24

May

66750.00

67070.00

67360.00

67070.00

66750.00

2

-

17

04/22/2024

BTIM24

June

-

65945.00

68045.00

-

-

-

-

5

04/22/2024

BTIN24

July

-

-

68045.00

-

-

-

-

-

04/22/2024

BTIZ24

December

-

-

69220.00

-

-

-

-

-

04/22/2024

ETIJ24

April

3201.00

3192.00

3191.00

3225.00

3182.50

46

-

43

04/22/2024

ETIK24

May

-

3080.50

3221.50

-

-

-

-

12

04/22/2024

ETIM24

June

-

3150.00

3247.50

-

-

-

-

4

04/22/2024

ETIN24

July

-

-

3247.50

-

-

-

-

-

04/22/2024

ETIZ24

December

-

-

3261.50

-

-

-

-

-

04/22/2024

ETJ24

April

3145.00

3196.50

3192.50

3242.50

3128.00

14813

-

13909

04/22/2024

ETK24

May

3165.00

3231.50

3221.50

3267.00

3165.00

159

-

108

04/22/2024

ETM24

June

-

-

3249.00

-

-

-

-

-

04/22/2024

LCJ24

April

85.10

86.49

85.92

86.49

84.42

614

-

324

04/22/2024

LCK24

May

85.33

85.96

86.78

85.96

85.21

14

-

111

04/22/2024

LCM24

June

-

-

87.70

-

-

-

-

-

04/22/2024

OILK24

May

-

-

83.14

-

-

-

-

-

04/22/2024

OILM24

June

-

-

81.91

-

-

-

-

-

04/22/2024

OILN24

July

-

-

81.22

-

-

-

-

-

04/19/2024

BCHJ24

April

486.75

481.60

492.65

492.65

446.75

176

-

652

04/19/2024

BCHK24

May

466.85

489.10

498.05

498.05

452.20

192

-

219

04/19/2024

BCHM24

June

-

-

502.65

-

-

-

-

-

04/19/2024

BITJ24

April

63730.00

64160.00

64380.00

65710.00

59500.00

190819

-

27585

04/19/2024

BITK24

May

64335.00

64685.00

65060.00

66095.00

60225.00

200

-

261

04/19/2024

BITM24

June

-

-

65730.00

-

-

-

-

-

04/19/2024

BTIJ24

April

63830.00

63915.00

64365.00

65535.00

60115.00

515

-

221

04/19/2024

BTIK24

May

64430.00

64460.00

65065.00

65945.00

61765.00

9

-

18

04/19/2024

BTIM24

June

65945.00

65945.00

65730.00

65945.00

65945.00

1

-

5

04/19/2024

BTIN24

July

-

-

65730.00

-

-

-

-

-

04/19/2024

BTIZ24

December

-

-

66905.00

-

-

-

-

-

04/19/2024

ETIJ24

April

2949.00

3078.00

3107.50

3124.00

2929.50

57

-

43

04/19/2024

ETIK24

May

2948.00

3080.50

3137.50

3140.50

2948.00

3

-

12

04/19/2024

ETIM24

June

2986.50

3150.00

3160.00

3150.00

2986.50

4

-

4

04/19/2024

ETIN24

July

-

-

3160.00

-

-

-

-

-

04/19/2024

ETIZ24

December

-

-

3174.00

-

-

-

-

-

04/19/2024

ETJ24

April

3045.00

3074.00

3107.00

3131.50

2870.00

38262

-

12170

04/19/2024

ETK24

May

3075.50

3115.50

3137.00

3151.00

2918.50

214

-

107

04/19/2024

ETM24

June

-

-

3161.00

-

-

-

-

-

04/19/2024

LCJ24

April

81.68

81.94

81.88

82.38

76.38

313

-

346

04/19/2024

LCK24

May

79.44

82.20

82.74

82.20

77.62

47

-

97

04/19/2024

LCM24

June

-

-

83.56

-

-

-

-

-

04/19/2024

OILK24

May

-

82.81

83.00

-

-

-

-

-

04/19/2024

OILM24

June

-

-

82.17

-

-

-

-

-

04/18/2024

BCHJ24

April

466.20

487.00

485.35

491.30

465.55

373

-

649

04/18/2024

BCHK24

May

471.60

489.65

490.70

489.65

467.30

16

-

163

04/18/2024

BCHM24

June

-

-

494.65

-

-

-

-

-

04/18/2024

BITJ24

April

61155.00

63730.00

63770.00

64475.00

61125.00

85853

-

32052

04/18/2024

BITK24

May

61905.00

64365.00

64400.00

64905.00

61905.00

65

-

238

04/18/2024

BITM24

June

-

-

65035.00

-

-

-

-

-

04/18/2024

BTIJ24

April

61430.00

63665.00

63695.00

64310.00

61115.00

300

-

221

04/18/2024

BTIK24

May

62290.00

64100.00

64370.00

64875.00

62290.00

7

-

22

04/18/2024

BTIM24

June

-

62125.00

65040.00

-

-

-

-

6

04/18/2024

BTIN24

July

-

-

65040.00

-

-

-

-

-

04/18/2024

BTIZ24

December

-

-

66215.00

-

-

-

-

-

04/18/2024

ETIJ24

April

2982.50

3034.00

3072.00

3097.50

2982.50

36

-

46

04/18/2024

ETIK24

May

-

2999.00

3097.50

-

-

-

-

11

04/18/2024

ETIM24

June

3057.50

3057.50

3131.50

3057.50

3057.50

1

-

4

04/18/2024

ETIN24

July

-

-

3131.50

-

-

-

-

-

04/18/2024

ETIZ24

December

-

-

3145.50

-

-

-

-

-

04/18/2024

ETJ24

April

2986.00

3074.50

3072.00

3101.00

2963.50

18531

-

13446

04/18/2024

ETK24

May

3061.00

3099.50

3100.00

3123.00

2992.50

252

-

95

04/18/2024

ETM24

June

-

-

3133.00

-

-

-

-

-

04/18/2024

LCJ24

April

79.72

81.50

81.21

82.62

79.28

166

-

337

04/18/2024

LCK24

May

81.66

83.50

82.08

83.50

81.16

9

-

68

04/18/2024

LCM24

June

-

-

82.77

-

-

-

-

-

04/18/2024

OILK24

May

82.63

82.81

82.72

82.81

82.63

2

-

-

04/18/2024

OILM24

June

-

-

83.35

-

-

-

-

-

04/17/2024

BCHJ24

April

493.40

466.65

469.90

493.60

450.60

305

-

627

04/17/2024

BCHK24

May

464.75

470.40

475.15

482.85

464.50

91

-

149

04/17/2024

BCHM24

June

-

-

478.60

-

-

-

-

-

04/17/2024

BITJ24

April

63615.00

61135.00

61270.00

64790.00

59855.00

132949

-

31869

04/17/2024

BITK24

May

64845.00

62225.00

61885.00

65360.00

61280.00

40

-

233

04/17/2024

BITM24

June

-

-

62510.00

-

-

-

-

-

04/17/2024

BTIJ24

April

63900.00

61470.00

61225.00

64465.00

60055.00

297

-

176

04/17/2024

BTIK24

May

64245.00

61830.00

61900.00

64395.00

61640.00

16

-

22

04/17/2024

BTIM24

June

64955.00

62125.00

62510.00

64955.00

62125.00

2

-

6

04/17/2024

BTIN24

July

-

-

62510.00

-

-

-

-

-

04/17/2024

BTIZ24

December

-

-

63685.00

-

-

-

-

-

04/17/2024

ETIJ24

April

3083.00

3014.50

3012.50

3092.00

2947.50

40

-

51

04/17/2024

ETIK24

May

3013.50

2999.00

3031.00

3028.50

2979.00

9

-

11

04/17/2024

ETIM24

June

3051.00

3051.00

3061.50

3051.00

3051.00

1

-

5

04/17/2024

ETIN24

July

-

-

3061.50

-

-

-

-

-

04/17/2024

ETIZ24

December

-

-

3075.50

-

-

-

-

-

04/17/2024

ETJ24

April

3093.00

2980.00

3013.00

3130.00

2920.50

26799

-

14637

04/17/2024

ETK24

May

3129.00

3000.00

3034.50

3140.00

2953.00

284

-

94

04/17/2024

ETM24

June

-

-

3060.50

-

-

-

-

-

04/17/2024

LCJ24

April

80.72

79.68

80.32

80.80

77.56

179

-

327

04/17/2024

LCK24

May

79.65

80.96

81.21

81.81

79.65

64

-

65

04/17/2024

LCM24

June

-

-

81.74

-

-

-

-

-

04/17/2024

OILK24

May

-

85.63

82.69

-

-

-

-

-

04/17/2024

OILM24

June

-

-

82.11

-

-

-

-

-

04/16/2024

BCHJ24

April

474.35

488.80

483.45

495.40

468.20

35

-

587

04/16/2024

BCHK24

May

494.70

493.20

488.95

494.70

492.45

3

-

58

04/16/2024

BCHM24

June

-

-

491.50

-

-

-

-

-

04/16/2024

BITJ24

April

63575.00

63345.00

63095.00

64480.00

62020.00

103545

-

31341

04/16/2024

BITK24

May

64280.00

63765.00

63715.00

64280.00

62905.00

21

-

224

04/16/2024

BITM24

June

-

-

64375.00

-

-

-

-

-

04/16/2024

BTIJ24

April

63160.00

63160.00

63040.00

64110.00

62165.00

602

-

167

04/16/2024

BTIK24

May

63755.00

64125.00

63720.00

64410.00

63755.00

6

-

25

04/16/2024

BTIM24

June

64925.00

64925.00

64375.00

64925.00

64925.00

1

-

4

04/16/2024

BTIN24

July

-

-

64375.00

-

-

-

-

-

04/16/2024

BTIZ24

December

-

-

65550.00

-

-

-

-

-

04/16/2024

ETIJ24

April

3108.00

3072.00

3069.50

3137.50

3011.00

69

-

56

04/16/2024

ETIK24

May

-

3224.00

3088.50

-

-

-

-

14

04/16/2024

ETIM24

June

3067.50

3073.00

3126.50

3073.00

3067.50

3

-

4

04/16/2024

ETIN24

July

-

-

3126.50

-

-

-

-

-

04/16/2024

ETIZ24

December

-

-

3140.50

-

-

-

-

-

04/16/2024

ETJ24

April

3126.50

3081.50

3068.50

3145.00

3002.00

44583

-

14847

04/16/2024

ETK24

May

3080.00

3087.00

3091.50

3090.50

3080.00

6

-

144

04/16/2024

ETM24

June

-

-

3126.00

-

-

-

-

-

04/16/2024

LCJ24

April

78.41

79.82

79.43

79.84

76.11

33

-

281

04/16/2024

LCK24

May

-

84.84

80.37

-

-

-

-

1

04/16/2024

LCM24

June

-

-

80.80

-

-

-

-

-

04/16/2024

OILK24

May

85.56

85.63

85.38

85.63

85.56

2

-

-

04/16/2024

OILM24

June

-

-

84.80

-

-

-

-

-

04/15/2024

BCHJ24

April

519.80

505.50

513.20

541.90

503.90

131

-

570

04/15/2024

BCHK24

May

565.55

565.55

515.25

565.55

565.55

1

-

55

04/15/2024

BCHM24

June

-

-

516.85

-

-

-

-

-

04/15/2024

BITJ24

April

65995.00

63590.00

63775.00

67400.00

62715.00

127217

-

30078

04/15/2024

BITK24

May

64980.00

64375.00

64370.00

67470.00

64375.00

15

-

218

04/15/2024

BITM24

June

-

-

65035.00

-

-

-

-

-

04/15/2024

BTIJ24

April

65680.00

63775.00

63745.00

67310.00

63185.00

284

-

131

04/15/2024

BTIK24

May

67665.00

65400.00

64385.00

68040.00

65360.00

19

-

27

04/15/2024

BTIM24

June

-

68110.00

65040.00

-

-

-

-

3

04/15/2024

BTIN24

July

-

-

65040.00

-

-

-

-

-

04/15/2024

BTIZ24

December

-

-

66215.00

-

-

-

-

-

04/15/2024

ETIJ24

April

3189.50

3119.50

3116.50

3294.00

3119.50

39

-

58

04/15/2024

ETIK24

May

-

3224.00

3138.00

-

-

-

-

14

04/15/2024

ETIM24

June

-

3306.50

3177.50

-

-

-

-

3

04/15/2024

ETIN24

July

-

-

3177.50

-

-

-

-

-

04/15/2024

ETIZ24

December

-

-

3191.50

-

-

-

-

-

04/15/2024

ETJ24

April

3235.50

3097.00

3118.00

3303.50

3042.00

38040

-

14682

04/15/2024

ETK24

May

3164.50

3154.00

3141.00

3164.50

3077.00

10

-

147

04/15/2024

ETM24

June

-

-

3177.50

-

-

-

-

-

04/15/2024

LCJ24

April

79.72

78.72

78.48

82.03

76.65

80

-

262

04/15/2024

LCK24

May

-

84.84

79.41

-

-

-

-

1

04/15/2024

LCM24

June

-

-

79.75

-

-

-

-

-

04/15/2024

OILK24

May

85.49

85.45

85.41

85.49

85.45

2

-

-

04/15/2024

OILM24

June

-

-

84.83

-

-

-

-

-

04/12/2024

BCHJ24

April

581.90

522.10

532.25

585.05

503.55

247

-

525

04/12/2024

BCHK24

May

588.85

527.95

537.75

590.35

511.50

139

-

54

04/12/2024

BCHM24

June

-

-

539.35

-

-

-

-

-

04/12/2024

BITJ24

April

70975.00

67620.00

67385.00

71945.00

65585.00

120733

-

31415

04/12/2024

BITK24

May

71500.00

68125.00

68065.00

72220.00

67030.00

436

-

219

04/12/2024

BITM24

June

-

-

68700.00

-

-

-

-

-

04/12/2024

BTIJ24

April

70440.00

67635.00

67240.00

71745.00

65825.00

737

-

132

04/12/2024

BTIK24

May

71945.00

67550.00

68055.00

71945.00

67085.00

6

-

24

04/12/2024

BTIM24

June

71400.00

68110.00

68715.00

71400.00

67760.00

4

-

3

04/12/2024

BTIN24

July

-

-

68715.00

-

-

-

-

-

04/12/2024

BTIZ24

December

-

-

69890.00

-

-

-

-

-

04/12/2024

ETIJ24

April

3530.00

3250.50

3222.50

3551.50

3105.50

124

-

58

04/12/2024

ETIK24

May

3504.50

3224.00

3250.00

3504.50

3139.50

14

-

14

04/12/2024

ETIM24

June

3376.00

3306.50

3293.50

3415.50

3187.50

41

-

3

04/12/2024

ETIN24

July

-

-

3293.50

-

-

-

-

-

04/12/2024

ETIZ24

December

-

-

3307.50

-

-

-

-

-

04/12/2024

ETJ24

April

3533.00

3246.50

3230.00

3579.50

3100.00

53112

-

16405

04/12/2024

ETK24

May

3602.50

3288.50

3249.50

3602.50

3130.50

435

-

146

04/12/2024

ETM24

June

-

-

3292.50

-

-

-

-

-

04/12/2024

LCJ24

April

95.70

86.62

86.14

95.79

83.02

269

-

210

04/12/2024

LCK24

May

91.22

84.84

87.04

91.57

83.03

73

-

1

04/12/2024

LCM24

June

-

-

87.38

-

-

-

-

-

04/12/2024

OILK24

May

87.28

87.15

85.65

87.28

87.15

2

-

-

04/12/2024

OILM24

June

-

-

85.07

-

-

-

-

-

04/11/2024

BCHJ24

April

627.00

627.00

612.45

627.00

627.00

1

-

468

04/11/2024

BCHK24

May

-

619.10

618.25

-

-

-

-

85

04/11/2024

BCHM24

June

-

-

619.85

-

-

-

-

-

04/11/2024

BITJ24

April

70605.00

71025.00

70980.00

71900.00

69955.00

63442

-

29723

04/11/2024

BITK24

May

72010.00

70870.00

71615.00

72245.00

70825.00

68

-

32

04/11/2024

BITM24

June

-

-

72320.00

-

-

-

-

-

04/11/2024

BTIJ24

April

71390.00

71210.00

70945.00

71740.00

70055.00

98

-

106

04/11/2024

BTIK24

May

72145.00

70885.00

71650.00

72145.00

70885.00

2

-

22

04/11/2024

BTIM24

June

71545.00

71545.00

72335.00

71545.00

71545.00

1

-

1

04/11/2024

BTIN24

July

-

-

72335.00

-

-

-

-

-

04/11/2024

BTIZ24

December

-

-

73510.00

-

-

-

-

-

04/11/2024

ETIJ24

April

3575.50

3539.50

3539.50

3604.50

3506.50

28

-

49

04/11/2024

ETIK24

May

3604.50

3561.00

3568.00

3620.50

3561.00

6

-

10

04/11/2024

ETIM24

June

3647.00

3663.00

3610.50

3663.00

3640.00

4

-

2

04/11/2024

ETIN24

July

-

-

3610.50

-

-

-

-

-

04/11/2024

ETIZ24

December

-

-

3624.50

-

-

-

-

-

04/11/2024

ETJ24

April

3545.50

3553.50

3538.00

3645.00

3497.50

27360

-

15200

04/11/2024

ETK24

May

3606.50

3549.50

3570.00

3622.50

3549.50

32

-

3

04/11/2024

ETM24

June

-

-

3609.50

-

-

-

-

-

04/11/2024

LCJ24

April

-

96.11

99.32

-

-

-

-

195

04/11/2024

LCK24

May

-

106.94

100.24

-

-

-

-

72

04/11/2024

LCM24

June

-

-

100.58

-

-

-

-

-

04/11/2024

OILK24

May

-

85.93

85.01

-

-

-

-

-

04/11/2024

OILM24

June

-

-

84.45

-

-

-

-

-

04/10/2024

BCHJ24

April

663.95

625.55

622.00

664.70

615.20

54

-

469

04/10/2024

BCHK24

May

684.65

619.10

627.85

684.65

616.55

91

-

85

04/10/2024

BCHM24

June

-

-

629.45

-

-

-

-

-

04/10/2024

BITJ24

April

69715.00

70365.00

70555.00

70735.00

67920.00

110751

-

30770

04/10/2024

BITK24

May

70345.00

70985.00

71225.00

71190.00

68615.00

140

-

28

04/10/2024

BITM24

June

-

-

71915.00

-

-

-

-

-

04/10/2024

BTIJ24

April

69695.00

70390.00

70535.00

70585.00

67955.00

373

-

110

04/10/2024

BTIK24

May

69785.00

70430.00

71275.00

70680.00

68770.00

8

-

24

04/10/2024

BTIM24

June

71095.00

69390.00

71925.00

71095.00

69390.00

6

-

-

04/10/2024

BTIN24

July

-

-

71925.00

-

-

-

-

-

04/10/2024

BTIZ24

December

-

-

73100.00

-

-

-

-

-

04/10/2024

ETIJ24

April

3563.50

3511.50

3540.00

3563.50

3430.00

65

-

46

04/10/2024

ETIK24

May

3566.50

3557.50

3571.50

3576.00

3471.00

5

-

10

04/10/2024

ETIM24

June

3606.00

3537.00

3614.50

3606.00

3505.50

78

-

2

04/10/2024

ETIN24

July

-

-

3614.50

-

-

-

-

-

04/10/2024

ETIZ24

December

-

-

3628.50

-

-

-

-

-

04/10/2024

ETJ24

April

3537.00

3541.00

3545.00

3576.50

3436.00

51183

-

15290

04/10/2024

ETK24

May

3548.50

3564.00

3573.50

3580.00

3465.50

40

-

3

04/10/2024

ETM24

June

-

-

3614.50

-

-

-

-

-

04/10/2024

LCJ24

April

95.22

96.11

97.08

96.61

95.16

37

-

195

04/10/2024

LCK24

May

-

106.94

98.00

-

-

-

-

72

04/10/2024

LCM24

June

-

-

98.34

-

-

-

-

-

04/10/2024

OILK24

May

-

85.93

86.18

-

-

-

-

-

04/10/2024

OILM24

June

-

-

85.41

-

-

-

-

-

04/09/2024

BCHJ24

April

665.90

686.25

679.00

699.90

665.90

183

-

485

04/09/2024

BCHK24

May

680.10

690.85

685.30

701.50

680.10

10

-

176

04/09/2024

BCHM24

June

-

-

686.45

-

-

-

-

-

04/09/2024

BITJ24

April

72355.00

69645.00

69560.00

72700.00

68650.00

128477

-

31040

04/09/2024

BITK24

May

72790.00

70155.00

70160.00

72790.00

69605.00

133

-

8

04/09/2024

BITM24

June

-

-

70870.00

-

-

-

-

-

04/09/2024

BTIJ24

April

72350.00

69420.00

69530.00

72440.00

68835.00

273

-

94

04/09/2024

BTIK24

May

72800.00

70330.00

70205.00

72800.00

69725.00

15

-

24

04/09/2024

BTIM24

June

73535.00

70980.00

70885.00

73535.00

70980.00

5

-

-

04/09/2024

BTIN24

July

-

-

70885.00

-

-

-

-

-

04/09/2024

BTIZ24

December

-

-

72060.00

-

-

-

-

-

04/09/2024

ETIJ24

April

3755.00

3542.00

3531.50

3759.00

3474.00

116

-

44

04/09/2024

ETIK24

May

3654.50

3552.00

3571.50

3656.00

3541.50

9

-

11

04/09/2024

ETIM24

June

3749.50

3610.00

3614.00

3749.50

3559.50

9

-

4

04/09/2024

ETIN24

July

-

-

3614.00

-

-

-

-

-

04/09/2024

ETIZ24

December

-

-

3628.00

-

-

-

-

-

04/09/2024

ETJ24

April

3718.00

3539.00

3536.00

3755.50

3472.50

51044

-

13770

04/09/2024

ETK24

May

3659.50

3576.50

3573.50

3659.50

3514.00

39

-

12

04/09/2024

ETM24

June

-

-

3614.00

-

-

-

-

-

04/09/2024

LCJ24

April

99.02

98.76

99.21

99.25

97.48

98

-

158

04/09/2024

LCK24

May

-

106.94

100.12

-

-

-

-

72

04/09/2024

LCM24

June

-

-

100.46

-

-

-

-

-

04/09/2024

OILK24

May

-

85.93

85.23

-

-

-

-

-

04/09/2024

OILM24

June

-

-

84.46

-

-

-

-

-

04/08/2024

BCHJ24

April

699.45

689.90

688.25

716.65

687.65

94

-

415

04/08/2024

BCHK24

May

707.95

702.30

694.20

720.70

698.65

75

-

180

04/08/2024

BCHM24

June

-

-

695.35

-

-

-

-

-

04/08/2024

BITJ24

April

68205.00

72355.00

72265.00

73535.00

68205.00

110494

-

27229

04/08/2024

BITK24

May

72095.00

73700.00

72960.00

73700.00

71990.00

41

-

11

04/08/2024

BITM24

June

-

-

73690.00

-

-

-

-

-

04/08/2024

BTIJ24

April

69895.00

72215.00

72290.00

73405.00

69630.00

173

-

61

04/08/2024

BTIK24

May

72845.00

73565.00

72975.00

73565.00

72845.00

2

-

19

04/08/2024

BTIM24

June

73490.00

73490.00

73695.00

73490.00

73490.00

1

-

1

04/08/2024

BTIN24

July

-

-

73695.00

-

-

-

-

-

04/08/2024

BTIZ24

December

-

-

74870.00

-

-

-

-

-

04/08/2024

ETIJ24

April

3476.50

3729.50

3732.00

3732.00

3476.00

91

-

40

04/08/2024

ETIK24

May

3614.00

3691.00

3763.00

3700.00

3614.00

7

-

13

04/08/2024

ETIM24

June

3534.50

3659.50

3805.00

3659.50

3534.50

4

-

3

04/08/2024

ETIN24

July

-

-

3805.00

-

-

-

-

-

04/08/2024

ETIZ24

December

-

-

3819.00

-

-

-

-

-

04/08/2024

ETJ24

April

3362.50

3720.00

3730.00

3741.00

3362.50

36523

-

11728

04/08/2024

ETK24

May

3639.00

3663.00

3766.50

3663.00

3639.00

18

-

11

04/08/2024

ETM24

June

-

-

3804.50

-

-

-

-

-

04/08/2024

LCJ24

April

102.28

104.41

104.41

106.77

101.85

68

-

101

04/08/2024

LCK24

May

104.90

106.94

105.33

107.08

104.90

14

-

72

04/08/2024

LCM24

June

-

-

105.67

-

-

-

-

-

04/08/2024

OILK24

May

85.99

85.93

86.43

85.99

85.87

4

-

-

04/08/2024

OILM24

June

-

-

85.53

-

-

-

-

-

04/05/2024

BCHJ24

April

640.50

669.25

662.80

723.10

640.50

357

-

359

04/05/2024

BCHK24

May

639.85

672.95

667.90

729.60

637.75

337

-

111

04/05/2024

BCHM24

June

-

-

669.90

-

-

-

-

-

04/05/2024

BITJ24

April

68410.00

68195.00

67950.00

69340.00

66530.00

97505

-

25894

04/05/2024

BITK24

May

69550.00

68495.00

68495.00

69920.00

67440.00

229

-

5

04/05/2024

BITM24

June

-

-

69155.00

-

-

-

-

-

04/05/2024

BTIJ24

April

68375.00

68180.00

67910.00

69155.00

66575.00

203

-

63

04/05/2024

BTIK24

May

68335.00

68990.00

68500.00

69505.00

68335.00

6

-

21

04/05/2024

BTIM24

June

70200.00

69745.00

69160.00

70200.00

69745.00

4

-

-

04/05/2024

BTIN24

July

-

-

69160.00

-

-

-

-

-

04/05/2024

BTIZ24

December

-

-

70335.00

-

-

-

-

-

04/05/2024

ETIJ24

April

3315.50

3358.00

3345.00

3363.00

3223.50

36

-

58

04/05/2024

ETIK24

May

-

3330.00

3369.00

-

-

-

-

12

04/05/2024

ETIM24

June

3399.00

3402.50

3406.50

3422.00

3391.00

88

-

3

04/05/2024

ETIN24

July

-

-

3406.50

-

-

-

-

-

04/05/2024

ETIZ24

December

-

-

3420.50

-

-

-

-

-

04/05/2024

ETJ24

April

3358.50

3361.50

3346.00

3373.00

3233.50

39591

-

13683

04/05/2024

ETK24

May

3375.00

3377.50

3371.50

3392.00

3273.00

65

-

11

04/05/2024

ETM24

June

-

-

3406.50

-

-

-

-

-

04/05/2024

LCJ24

April

99.15

97.48

100.62

99.39

97.43

57

-

77

04/05/2024

LCK24

May

100.04

101.05

101.54

101.54

98.33

53

-

58

04/05/2024

LCM24

June

-

-

101.87

-

-

-

-

-

04/05/2024

OILK24

May

-

85.82

86.88

-

-

-

-

-

04/05/2024

OILM24

June

-

-

86.07

-

-

-

-

-

04/04/2024

BCHJ24

April

590.30

647.40

644.95

684.80

590.30

354

-

409

04/04/2024

BCHK24

May

589.80

653.05

650.90

692.55

588.75

251

-

154

04/04/2024

BCHM24

June

-

-

651.95

-

-

-

-

-

04/04/2024

BITJ24

April

66515.00

68580.00

69005.00

70065.00

65600.00

95066

-

26946

04/04/2024

BITK24

May

67390.00

69160.00

69730.00

70295.00

67390.00

250

-

2

04/04/2024

BITM24

June

-

-

70370.00

-

-

-

-

-

04/04/2024

BTIJ24

April

66440.00

68575.00

69025.00

70000.00

65785.00

168

-

59

04/04/2024

BTIK24

May

67600.00

69855.00

69665.00

70170.00

67415.00

4

-

23

04/04/2024

BTIM24

June

-

68760.00

70375.00

-

-

-

-

2

04/04/2024

BTIN24

July

-

-

69280.00

-

-

-

-

-

04/04/2024

BTIZ24

December

-

-

71550.00

-

-

-

-

-

04/04/2024

ETIJ24

April

3354.50

3313.50

3390.00

3440.50

3286.00

259

-

59

04/04/2024

ETIK24

May

-

3330.00

3414.00

-

-

-

-

12

04/04/2024

ETIM24

June

-

3493.50

3459.00

-

-

-

-

1

04/04/2024

ETIN24

July

-

-

3387.50

-

-

-

-

-

04/04/2024

ETIZ24

December

-

-

3473.00

-

-

-

-

-

04/04/2024

ETJ24

April

3359.50

3359.00

3395.50

3484.50

3289.00

33878

-

15007

04/04/2024

ETK24

May

3322.50

3377.00

3417.00

3453.50

3322.50

88

-

11

04/04/2024

ETM24

June

-

-

3459.00

-

-

-

-

-

04/04/2024

LCJ24

April

99.77

101.43

99.59

104.11

98.26

110

-

105

04/04/2024

LCK24

May

101.61

101.00

100.49

104.86

99.16

31

-

97

04/04/2024

LCM24

June

-

-

100.78

-

-

-

-

-

04/04/2024

OILK24

May

-

85.82

86.61

-

-

-

-

-

04/04/2024

OILM24

June

-

-

85.83

-

-

-

-

-

04/03/2024

BCHJ24

April

648.40

580.10

577.90

653.60

576.90

341

-

351

04/03/2024

BCHK24

May

648.60

587.65

583.75

658.00

578.90

88

-

119

04/03/2024

BCHM24

June

-

-

585.00

-

-

-

-

-

04/03/2024

BITJ24

April

66245.00

66420.00

66585.00

67750.00

65140.00

69662

-

28631

04/03/2024

BITK24

May

67025.00

67115.00

67105.00

67955.00

66535.00

552

-

25

04/03/2024

BITM24

June

-

-

67770.00

-

-

-

-

-

04/03/2024

BTIJ24

April

66195.00

66400.00

66400.00

67605.00

65180.00

337

-

88

04/03/2024

BTIK24

May

66310.00

67465.00

67140.00

67575.00

66310.00

4

-

25

04/03/2024

BTIM24

June

-

68760.00

67765.00

-

-

-

-

2

04/03/2024

BTIN24

July

-

-

66670.00

-

-

-

-

-

04/03/2024

BTIZ24

December

-

-

68940.00

-

-

-

-

-

04/03/2024

ETIJ24

April

3299.50

3339.50

3350.00

3398.50

3223.00

367

-

68

04/03/2024

ETIK24

May

3330.00

3330.00

3376.00

3330.00

3330.00

1

-

12

04/03/2024

ETIM24

June

-

3493.50

3415.50

-

-

-

-

1

04/03/2024

ETIN24

July

-

-

3344.00

-

-

-

-

-

04/03/2024

ETIZ24

December

-

-

3429.50

-

-

-

-

-

04/03/2024

ETJ24

April

3309.00

3345.00

3361.50

3421.50

3234.00

36050

-

15027

04/03/2024

ETK24

May

3335.00

3389.00

3379.00

3422.00

3335.00

19

-

14

04/03/2024

ETM24

June

-

-

3417.00

-

-

-

-

-

04/03/2024

LCJ24

April

109.56

99.36

99.52

110.08

98.77

123

-

122

04/03/2024

LCK24

May

110.10

100.23

100.30

110.89

99.62

68

-

86

04/03/2024

LCM24

June

-

-

100.55

-

-

-

-

-

04/03/2024

OILK24

May

85.30

85.82

85.44

85.86

85.30

4

-

-

04/03/2024

OILM24

June

-

-

84.62

-

-

-

-

-

Product Codes

PRODUCT

COINBASE DERIVATIVES CODE

UNDERLYING INDEX

GMI CODE

RIC CODE

BLOOMBERG CODE

CFTC Reporting

Bitcoin Futures

BTI

CBBR

BI

0#BJT

BTIA Curncy

25

Dogecoin Future

DOG

CDOGEBR

CB

0#GOED

DGOA Curncy

25

Ether Futures

ETI

CETBR

EI

0#EIO

CETA Curncy

25

Bitcoin Cash Futures

BCH

CBCHBR

CA

0#BQH

BHCA Curncy

25

Litecoin Futures

LC

CLTCBR

CC

0#TIA

LTIA Curncy

25

nano Bitcoin Futures

BIT

CBBR

BT

0#BIT

BITA Curncy

5

nano Ether Futures

ET

CETBR

ET

0#ET

META Curncy

5

micro Crude Oil Futures

OIL

N/A

AR

0#OIL

OILA Cmdty

350

Fee Schedule

Learn about fees for Coinbase Derivatives and how they are charged. View fee schedule

Price Banding

Price Banding

Coinbase Derivatives implements a price banding functionality that validates all order prices. This functionality is designed to prevent mispriced orders from trading in error. Price bands validate limit priced orders, rejecting any buy orders above the upper band and any sell orders below the lower band. Price bands are dynamic and will update based on changes to the banding reference price (BRP). Price banding does not prevent order entry for buy orders below or sell orders above the banding limits.

The banding reference price (BRP) is used to determine the upper and lower price bands. The BRP is determined by the last transaction, best bid or offer through the last transaction, or settlement price if no other prices are available for reference. Once the BRP is determined, a static price banding value will be added and subtracted from the BRP to determine the upper and lower bands for an instrument.

(BRP) + (Instrument Price Band Value) = (Upper Price Band)

(BRP) – (Instrument Price Band Value) = (Lower Price Band)

Coinbase Derivatives Product Reference

Price Limits

Price Limits

Crypto Futures Crypto futures are also subject to price fluctuation limits which calculate a reference price from the last 60 seconds of each hour. A 10% up and down price limit is applied to the reference price. The market will enter a Halt state for 2 minutes if a price limit is reached. Orders can be submitted, canceled, and amended during this state but no matching will occur. If a Halt occurs, the new reference price will be the last price limit reached. If price limits are reached on the lead month contract, all related instruments will be Halted. If price limits are reached on non-lead month contracts, only the specific instrument which reached the price limit will be Halted. If a reference price is unavailable, the previous settlement price will be used as the reference price.

Energy Futures Coinbase Derivatives energy futures are subject to price fluctuation limits which calculate a reference price from the last 60 seconds of each hour. A 10% up and down price limit is applied to the reference price. The market will enter a Halt state for 2 minutes if a price limit is reached. Orders can be submitted, canceled, and amended during this state but no matching will occur. If a Halt occurs, the new reference price will be the last price limit reached. If price limits are reached on the lead month contract, all related instruments will be Halted. If price limits are reached on non-lead month contracts, only the specific instrument which reached the price limit will be Halted. If a reference price is unavailable, previous settlement price will be used as the reference price.

Price Limits

Regulation

Rulebook

Coinbase Derivatives is a Designated Contract Market (DCM) registered with the Commodity Futures Trading Commission (CFTC) that has self-regulatory responsibilities and maintains its own set of rules.

Coinbase Derivatives was established to provide a fair and equitable marketplace. As a CFTC registered DCM, the Coinbase Derivatives must maintain and enforce rules intended to protect the market and it is important that all market participants understand and comply with the rules.

Rule Filings

To view rule filings, click here.

Coinbase expands its institutional offering with US regulated futures.

Trading Resources

The following provides a high-level overview of the exchange, connectivity information, supported order types and other related content.

Overview

Coinbase Derivatives is a Designated Contract Market (DCM), registered with the Commodity Futures Trading Commission (CFTC), operating a crypto-centric futures exchange that offers many products across a broad range of asset classes and contract sizes.

Market Notices

View recent and historical market notices.

Market Holiday Calendar

DATE

U.S. HOLIDAY

Monday, December 25th, 2023

Christmas Day

Monday, January 1st, 2024

New Year's Day Holiday Observance

Monday, January 15th, 2024

MLK Day

Monday, February 19th, 2024

Presidents Day

Friday, March 29th, 2024

Good Friday

Monday, May 27th, 2024

Memorial Day

Wednesday, June 19th 2024

Juneteenth, Equity/Energy: Closed, Crypto: Regular Schedule

Thursday, July 4th, 2024

Independence Day

Monday, September 2nd, 2024

Labor Day

Thursday, November 28th, 2024

Thanksgiving Day

Friday, November 29th, 2024

Early Close: Equities 12:15 CT, Energy 12:45 CT, Crypto Currency 12:45 CT

Wednesday, December 25th, 2024

Christmas Day

Settlement

Daily settlement is determined by the Coinbase Derivatives Command Center (DCC) and is reflective of trading and market activity. Settlement values are official Coinbase Derivatives prices established for their respective instruments at a given point in the trading day. The specific time when the settlement is calculated is determined on a product by product basis and applies to all corresponding contracts (all expiries and all strike prices) of a given product. Settlement price is the official mark-to-market price used by all market participants. Settlement prices are used for, but not limited to:

  • Calculation of margin requirements by the Clearing house

  • Calculation of the daily high/low limit price for products

  • Initial banding reference price

  • Net change calculation

  • Used as leg fill prices for spread to spread matches when the outright instrument has no other price available

Crypto Futures

Crypto futures Daily Settlement: 15:00 CT

Lead Month:

  • Tier 1: 1-min VWAP of futures contract rounded to the nearest tradable tick.

  • Tier 2: 1-min TWAP of futures contract midpoint of the Bid/Ask rounded to the nearest tradable tick.

  • Tier 3: Market Vector Coinbase Benchmark index value – (difference between previous day’s index value and previous day’s futures settlement). See Product Codes section for underlying index codes.

Non-Lead Months:

  • Tier 1: 1-min VWAP of futures contract rounded to the nearest tradable tick.

  • Tier 2: If the spread trades between 14:59:00-15:00:00 CT, then the spread VWAP is calculated, rounded to the spread’s nearest tradable tick and then applied to the lead month settlement to derive the back month settlement.

  • Tier 3: 1-min TWAP of futures contract midpoint of the Bid/Ask rounded to the nearest tradable tick.

  • Tier 4: Last spread trade price is applied to the lead month settlement to derive the settlement.

  • Tier 5: Front month settlement value +/- (previous day’s calendar spread).

Crypto futures Final Settlement: 16:00 London Final settlement price of the expiring contract will be the official closing value of the Market Vector Coinbase Benchmark index, on the last day of trading.

Energy Futures

Energy futures Daily Settlement: 13:30 CT

Lead Month:

  • Tier 1: 1-min VWAP of futures contract rounded to the nearest tradable tick.

  • Tier 2: 1-min TWAP of futures contract midpoint of the Bid/Ask rounded to the nearest tradable tick.

  • Tier 3: Last traded price of the current trade date.

  • Tier 4: The contract settles to the prior settlement price.

Non-Lead Months:

  • Tier 1: 1-Min VWAP of futures contract rounded to the nearest tradable tick

  • Tier 2: If the spread trades between 13:29:00-13:30:00 CT, then the spread VWAP is calculated, rounded to the spread’s nearest tradable tick and then applied to the lead month settlement to derive the back month settlement.

  • Tier 3: 1-min TWAP of futures contract midpoint of the Bid/Ask rounded to the nearest tradable tick.

  • Tier 4: Last spread trade price is applied to the lead month settlement to derive the settlement.

  • Tier 5: Front month settlement value +/- (Previous Day’s Calendar Spread).

Energy futures Final Settlement: 13:30 CT Coinbase Derivatives Crude final settlement will use the daily settlement of NYMEX CL Futures 1 business day prior to its final settlement.

Risk Management

Max Order Check

Exchange Max Order Check – The exchange will set a Max Order Size per product. This is a market wide control and can only be changed by the exchange. All orders will pass through the Max Order Size check and any orders above the Max Order Size will be rejected. For Spreads the Max Order Size is checked against each leg of the order. For example if the nano Bitcoin Futures max order size is 500 contracts, each leg will be compared against the 500 contract limit.

Executing Firm Max Order Check – Clearing Members can set an optional max order size per executing firm. This limit is for all products and does not supersede the Exchange Max Order Size by product. The most restrictive limit will win and orders above the Max Order Size are rejected.

Exposure Limits

Exposure Intraday Limit is set by the Clearing Members per Executing Firm in USD. This limit is the overall USD Long and USD Short allowed per firm and is calculated using each product’s initial margin rate, multiplied by the number of filled and working contracts. If this limit is not set orders will be rejected by the exchange.

Exposure limits will be calculated as follows: Long USD positions = (long working quantity + day long fills – day short fills) * initial margin Short USD positions = (short working quantity + day short fills – day long fills) * initial margin

Once calculated all Longs will be summed to create a Total Long Exposure USD. Separately, all Shorts will be added to create a Total Short Exposure USD. These will be compared against the Intraday Exposure Limit.

Clearing Members will be notified as they approach specified thresholds (e.g. 75%, 90%, 100%, etc.). If an order is submitted that would exceed the Intraday Credit Limit, the order will be rejected.

Kill Switch

The exchange Kill Switch functionality will allow Clearing Firm Admins to shutdown firm activity at various levels. When activated all order entry is blocked and all working orders (DAY and GTC) are cancelled for either a selected subset or all of the firm’s SenderComp IDs. Customers will receive all final order states when the Kill Switch is enabled and rejections for any new orders submitted. The kill switch will not cancel orders during Pre-open no cancel and Halted market states.

Message Throttle

Coinbase Derivatives has three different throttles that are currently set. Note that these values are subject to change.

  • Throttle Duration:

    This is the duration interval during which the below throttle limits are calculated.

  • Throttle Limit:

    This is the number of messages during the throttle duration beyond which Coinbase Derivatives will throttle inbound requests. For any messages that exceed the limit, Coinbase Derivatives will reject the inbound requests. This is applicable to new and replace order requests.

  • Disconnect Limit:

    This is the number of messages during the throttle duration beyond which Coinbase Derivatives will terminate the connection.

PARAMETER

SBE GATEWAY

FIX GATEWAY

Throttle Duration

1 second

5 seconds

Throttle Limit

500

2000

Disconnection Limit

1000

5000

Cancel on Disconnect

Cancel on Disconnect can be enabled on a per session basis for both FIX and SBE sessions. SBE sessions have cancel on disconnect enabled by default. FIX sessions have this functionality turned off by default and you will need to reach out to Coinbase Derivatives to enable this functionality.

Self-Match Prevention (SMP)

Coinbase Derivatives supports the ability for participants to enable self-match prevention across orders from entities with common ownership. This is done by a numeric SMP identifier that is set on a session level (SBE or FIX). Clients can choose to use this optional functionality across one or more of their sessions.

Indicative Opening Price

The Indicative Opening Price (IOP) provides market participants with a probable price at which the market will open during the Pre-Open phase based on the current order book. During the Pre-Open, all priced orders are allowed, but no order matching takes place. The matching engine will evaluate all orders received from participants and calculate the IOP based on a given set of rules. Coinbase rules for determining the IOP:

Coinbase rules for determining the IOP:

  • RULE 1: Determine the maximum matching quantity at a price level.

  • RULE 2: Determine the minimum non-matching quantity.

  • RULE 3: Determine the highest price if non-matching quantity is on the buy side for all prices.

  • RULE 4: Determine the lowest price if non-matching quantity is on the sell side for all prices.

  • RULE 5: Determine the closest price to the settlement price.

Contract Types

Futures Outrights

Equity Index

Coinbase Derivatives Exchange futures contracts will have 3 quarterly contracts listed at a given time in accordance with the March (H), June (M), September (U) and December (Z) quarterly cycle. A new expiry will be listed once the front month has expired.

Futures Calendar Spreads

In addition to the outright contracts, Coinbase Derivatives Exchange lists calendar spreads for each product. Calendar spread contracts involve the buying of one expiry and selling of another expiry with a single order. CDE equity future calendar spreads follow the reverse spread convention (i.e buying the calendar spread refers to buying the far month of the calendar spread, selling the calendar spread refers to selling the far month of the calendar spread).

Example: Buy 1 lot of BTIX24-BTIZ24 refers to Buying 1 lot of BTIX24 and Selling 1 lot of BTIZ24.

Order Types

The following sections give an overview of the list of order types supported by Coinbase.

Market Order (with Protection)

A market order is a buy or sell order sent without specifying a limit price with the aim of executing at the best available price in the central limit order book. Each Coinbase product will have a designated protection point. When a market order is entered it will look at the opposing side of the book and assign a protection value to that price at which the market order is converted to a limit order. For buy market orders, protection points are added to the current best offer price. For sell market orders, protection points are subtracted from the current best bid price.

Limit

A limit order is a type of order to buy or sell at a specified price or better. For buy limit orders, the order will be executed only at or below the limit price, while for sell limit orders, the order will be executed at or higher than the limit price.

Stop Orders (with Protection)

A stop order is an order to buy or sell a futures contract when the price of the contract reaches a specified price (Stop Price).

Stop orders with protection prevent orders from being executed at extremely inferior prices after the stop price is triggered. The stop order with protection will be entered as a limit order with a protection price limit set at the stop trigger price plus or minus the protection point range. For buy stops with protection, protection points are added to the trigger price to calculate the protection price limit. For sell stops with protection, protection points are subtracted from the trigger price.

If the market trades at or through the stop trigger price, the order will be matched at the best available price level, executed at a price no worse than the protection price limit. If the order is not completely executed, the remaining quantity is then placed as a limit order in the order book at the protection price limit.

When a stop order is submitted, if the top of book of the same order side is already worse than stop trigger price, the stop order will get rejected.

Stop-Limit Orders

A stop limit order is an order to buy or sell a Futures contract at a specified price (limit price) when the price of the contract reaches a trigger price (stop price).

The limit price is the highest/lowest price at which the stop order can be filled. The order can be filled at all price levels between the trigger price and the limit price. If any quantity remains unfilled, the order will remain on the order book as a limit order at the specified limit price. The maximum differential between the trigger price and the limit price will be equal to the product’s price bands.

Time In Force

Coinbase Derivatives requires each order entered in the system to have a Time In Force, which is a qualifier that defines how long an order is in effect. CDE supports the following time in force values.

DAY

Orders entered with a qualifier of DAY will remain on the book for the duration of the session that it is placed in. If a DAY order is not fully executed, any remaining quantity is cancelled at the end of the trading session.

Good Till Cancel (GTC)

Orders entered with a qualifier of GTC will work until either the order gets filled, or the contract expires.

Fill or Kill (FOK)

Orders entered with a qualifier of FOK will execute the entire order on entry. If the order is not fully executed, it is cancelled.

Immediate or Cancel (IOC)

Orders entered with a qualifier of IOC will attempt to execute any available quantity (or the minimum specified quantity) upon entry and with any remaining quantity immediately cancelled.

Good Till Date (GTD)

Orders entered with a qualifier of GTD are active until their specified date.

Error Trade Policy

Coinbase Derivatives Command Center Authority Regarding Trade Cancellations and Price Adjustments

  • Coinbase Derivatives Command Center (“DCC”) has authority to adjust trade prices or cancel (bust) trades when such action is necessary to mitigate market disrupting events caused by the improper or erroneous use of the Coinbase Derivatives Trading System or by system defects.

  • Notwithstanding any other provisions of this Rule, the DCC may adjust trade prices or bust any trade if the DCC determines that allowing the trade to stand as executed may have a material, adverse effect on the integrity of the market.

  • All decisions of the DCC shall be final.

Review of Trades

  • The DCC may determine to review a trade based on its independent analysis of market activity or upon request for review by a user of the CDE Trading System. A request for review must be made to the DCC via phone within 10 minutes of the execution of the trade.

  • The DCC shall determine whether or not a trade will be subject to review. In the absence of a timely request for review, during volatile market conditions, upon the release of significant news, or in any other circumstance in which the DCC deems it to be appropriate, the DCC may determine, in its sole discretion, that a trade shall not be subject to review.

  • Upon deciding to review a trade, the DCC will promptly issue an alert to all Participants via the CDE Trading System or electronic mail indicating that the trade is under review.

Price Adjustments and Cancellations

  • In reviewing a trade, the DCC will first determine whether the trade price is within the Non-Reviewable Range for futures or within the Bid/Ask Reasonability Allowance for options, as described in Rule 539(g). The Bid/Ask Reasonability Allowance for an option is the maximum width of the bid/ask range which will be considered reasonable for use in applying the parameters necessary to establish the Non-Reviewable Range for the option.

  • In applying the Non-Reviewable Range, the DCC shall determine the fair value market price for that contract at the time the trade under review occurred. The DCC may consider any relevant information, including, but not limited to, the last trade price in the contract or a better bid or offer price on the CDE Trading System, a more recent price for a different maturity date, the price of the same or related contract established in another venue or another market, the market conditions at the time of the trade, and the theoretical value of an option based on the most recent implied volatility.

  • Trade Price Inside the Non-Reviewable Range. If the DCC determines that the price of the trade is inside the Non-Reviewable Range, the DCC will issue an alert indicating that the trade shall stand.

  • Trade Price Outside the Non-Reviewable Range.

I.   Futures Contracts

If the DCC determines that a trade price is outside the Non-Reviewable Range for a futures contract, the trade price shall be adjusted to a price that equals the fair value market price for that contract at the time the trade under review occurred, plus or minus the Non-Reviewable Range.

If the trade at issue involves multiple parties, prices and/or contracts, the DCC has the authority, but not the obligation, to bust or price adjust such transactions. The DCC will issue an alert regarding its decision.

ii.   Option Contracts

If the DCC determines that a trade price is outside the applicable Non-Reviewable Range for an option contract, the trade price shall be adjusted. In the case of a buy (sell) error, the price will be adjusted to the determined ask (bid) price set forth in the Bid/Ask Reasonability Allowance in Section G plus (minus) the Non-Reviewable Range.

If the trade at issue involves multiple parties, prices and/or contracts the DCC has the authority, but not the obligation, to bust or price adjust such transactions. The DCC will issue an alert regarding its decision.

iii. Busted or Adjusted Trade Busted or adjusted trades shall be cancelled in the exchange’s official record of time and sales, Trades that are price adjusted shall be inserted in the time and sales record at the adjusted trade price.

Alternative Resolution by Agreement of Parties

  • With the approval of the DCC, parties to a trade that is price adjusted may instead mutually agree to cancel the trade.

  • With the approval of the DCC, parties to a trade that is busted may instead mutually agree to price adjust the trade to a price consistent with the adjustment provisions of Rule 539(c).

  • Subject to section (d)(1) and (d)(2), parties to a trade that is cancelled or price adjusted may mutually agree to a cash adjustment provided that such adjustments are reported to the DCC and the parties maintain a record of the adjustment.

  • An executed trade may not be reversed via transfer except where such trade is determined by DCC to be outside of the Non-Reviewable Range but not reported timely, subject to agreement of the parties and approval of the DCC. Any such transfer must occur at the original trade price and quantity; however, the parties may mutually agree to a cash adjustment.

Liability for Losses Resulting from Price Adjustments or Cancellation

  • A party entering an order that results in a price adjustment or trade bust shall be responsible for demonstrated claims of realized losses incurred by persons whose trade prices were adjusted or busted provided, however, that a claimant shall not be entitled to compensation for losses incurred as a result of the claimant’s failure to take reasonable actions to mitigate the loss.

  • A claim for a loss pursuant to this section must be submitted to the Exchange on an Exchange claim form within one business day of the event giving rise to the claim. The Exchange will reject any claim that is not filed in a timely manner and such decisions shall be final. Eligible claims shall be forwarded by the Exchange to the party responsible for the order(s) that resulted in a trade bust or a price adjustment and to the Clearing Firm through which the trade was placed. Such party, or the Clearing Firm on behalf of the party, shall, within ten business days of receipt of the claim, admit or deny responsibility in whole or in part. Failure to respond to the claim within ten business days shall be considered a denial of liability.

  • To the extent that liability is admitted, payment shall be made within ten business days. Unless otherwise agreed upon in writing by the parties, failure to make the payment within ten business days shall be considered a denial of liability for purposes of this rule. A copy of any such written agreement must be provided to the Exchange. To the extent that liability is denied, the party making the claim may submit the claim for arbitration pursuant to Chapter 8 of the Rules. Such claims must be submitted to the DCC within ten business days of the date the party was issued notification that liability was denied.

Schedule of Administrative Fees

When DCC busts or price adjusts a trade, the party responsible for entering the order into the CDE Trading System that gave rise to the trade bust or price adjustment shall pay an administrative fee to the Exchange in the amount of $500 for each such occurrence.

Contact the DCC at 312.469.0985 or derivatives@coinbase.com

API Connectivity

Coinbase Derivatives offers Application Programming Interfaces (APIs) to different market participants for order entry, market data and drop copy. The below table lists the different protocols for each of the offerings. For detailed information on our API documentation, please reach out to the Coinbase Derivatives team.

API

PROTOCOL

DESCRIPTION

PARTICIPANT

Coinbase Derivatives-FIX-API

FIX 4.4

The FIX Orders API allows market participants to send, modify and cancel their orders.

All Participants

Coinbase Derivatives-FIX-API

FIX 4.4

The FIX Market Data API allows market participants to receive market information including orders, trades, market state changes and instrument definitions.

All Participants

Coinbase Derivatives-DropCopy-API

FIX 4.4

The FIX Drop Copy API allows Participant firms to receive real-time copies of Coinbase Execution Report and Acks that are sent over the FIX Orders API.

All Participants

Coinbase Derivatives-SBE-API

SBE

The SBE API allows Lead Market Makers to send, modify and cancel post only quotes which can interact only with orders submitted through the FIX Orders API. The API uses the Simple Binary Encoding protocol to encode/decode messages.

Market Makers

Coinbase Derivatives-Multicast-UDP-Market-Data-API

UDP

The Multicast UDP Market Data API allows market participants to receive market information including orders, trades, market state changes and instrument definitions.

All Participants

Network Connectivity

Coinbase Derivatives trading platform is housed In the Cyrus One Data center in Aurora, Illinois. The backup data center is located in the NY5 Data center in Secaucus, New Jersey. The below table lists the different environments supported by the CDE and the supported network connectivity for each environment. For detailed information on the network connectivity guide, please reach out to the CDE team.

Environment

Physical Location

Connectivity

Production

Cyrus One

Cross Connect

Disaster Recovery (DR)

Equinix NY5

Cross Connect

Integration

Equinix NY5

Cross Connect

Staging

-

Internet

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