@TermMax The Alpha option page says your maximum loss is the premium. The fees page adds three more lines to that.
Opening or closing a Long or Short costs 7% of the premium paid.
Taking profit is charged on notional, not premium — 1.9% at day one, decaying linearly toward maturity. The docs' own example: a 16-day contract closed on day 10 with 10,000 USDT notional pays 47.5 USDT.
Then financing. You pay interest on notional for every second you hold the position. Their example uses a 100% annualised rate and produces roughly 1.37 USDT per day on 100 USDT of notional. About 10% of that interest goes to the platform, the rest to the Dual Investment depositors.
None of this is buried, and transaction fees are waived during the boosting program.
But "max cost is the premium" and "interest accrues per second on notional" are two different sentences about the same trade.
When you price one of these, are you pricing the premium or the premium plus carry?
#termmax @TermMax
Opening or closing a Long or Short costs 7% of the premium paid.
Taking profit is charged on notional, not premium — 1.9% at day one, decaying linearly toward maturity. The docs' own example: a 16-day contract closed on day 10 with 10,000 USDT notional pays 47.5 USDT.
Then financing. You pay interest on notional for every second you hold the position. Their example uses a 100% annualised rate and produces roughly 1.37 USDT per day on 100 USDT of notional. About 10% of that interest goes to the platform, the rest to the Dual Investment depositors.
None of this is buried, and transaction fees are waived during the boosting program.
But "max cost is the premium" and "interest accrues per second on notional" are two different sentences about the same trade.
When you price one of these, are you pricing the premium or the premium plus carry?
#termmax @TermMax
