Phyrex
Phyrex|Oct 23, 2026 10:15
I'm organizing my thoughts: This tool is integrated with the API of the options exchange. Currently, Deribit's options are the most in-depth, but Deribit is currently integrating with Coinbase and should be able to place orders directly on Coinbase in the future. So it is necessary to store funds in Deribit or Coinbase. Currently, we are testing the integration of Binance and Binance options, mainly because if a transaction is made during settlement, we will buy spot goods. This is the simplest exchange operation and we do not plan to operate across exchanges. So currently, we have integrated Binance's API to store funds on Binance. 2. Read the data of Binance options by entering the funds you want to settle, such as $79000 if you want to SELL PUT at $79000, and then check how long you want to hold them. These can be seen in the drop-down menu. 3. After selecting the price and time, the corresponding royalty will be given, and the royalty will be given as a percentage based on annualized returns, with a clear understanding of the yield rate. At the same time, fees and other deductions will be made to obtain the most accurate yield rate. 3.5. If the depth is not enough, it will default to extending the depth from the beginning of the sale until all the funds ready to buy can be expected to be executed, and the premium will be calculated according to expectations. If the selected price is not available or the depth is not sufficient, there will also be a reminder. Once the order is confirmed, it will be executed through the API. The biggest advantage is that it avoids looking at very complex option trading tables. Through visualization, it directly knows what can be bought, at what price, and how much profit can be obtained, avoiding complex calculations. 4.5. Before placing an order, you can choose whether to pay only the loss upon expiration (option) or to buy spot (dual currency). 5. If a transaction is made after expiration, for example, if the selected price is $79000 and the price of Bitcoin: native is lower than $79000 after expiration, the option settlement loss and handling fee will be deducted first. If the remaining funds choose to buy BTC, they will be sold directly at the spot price on this website to buy Bitcoin. If only the loss is paid, the funds deducted from the loss will be reinvested into the funds. The current SELL PUT process is roughly like this. After completion, I will do BUY PUT, and the process is generally the same. One @ Gate, trade more markets
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