Binance Options ‘Request for Quote’ (RFQ) lets users request for option quotes from the Binance OTC Trading Desk. It provides competitive institutional-grade prices across all of Binance’s OTC and block trading products.
Binance Options RFQ provides an instant quote for your options trades with institutional-grade liquidity and competitive prices, while on the Options Order Book, you will be trading with the available liquidity on the order book.
If you have a large-sized trade and would like to get a competitive quote for a discreet trade, you can leverage Binance Options RFQ’s increased liquidity to trade outside of the exchange order book.
Options RFQ trades are charged a flat trading fee of 0.02%. Standard exercise fees apply. For more details, please visit Binance Options Trading Fees.
Options RFQ supports strikes and expiries on the Binance Options order book. Please refer to the RFQ page for the full list of instruments.
Yes, options bought or sold via Options RFQ and the Options order book are equivalent and can be bought or sold across both channels.
In other words, you can buy an option via RFQ and sell the same option you just bought on the options order book thereafter, or vice versa.
The minimum trade size is 0.01 contract (e.g., 1 contract = 1 BTCUSDT). Maximum sizes are subject to liquidity conditions. In general, you have access to a much deeper and larger liquidity on the Binance Options RFQ platform. You can request a quote for your trade size to learn more.
Verified Binance users from the supported jurisdictions can trade options on the Binance Options RFQ platform.
You’ll need to open a Binance Options account first. Please make sure you have sufficient margin in your Options account to trade. Before you start trading, you’re also required to complete an options knowledge questionnaire on the platform.
You may answer the questionnaire again when you are ready.
Selling options is currently limited to the closing of your open positions. Writing (shorting) options is supported for selected users (terms and conditions apply).
If you are interested in getting options writing access, please refer to this announcement.
Please visit Binance Options Contract Specifications for more details.
No, you may only use the expiries supported on Binance Options order book.
You may transfer funds from your Spot, Futures, or Funding Wallets to your Options Wallet.
Go to the Binance Options RFQ page and select the specifications of your trade. After selecting the asset, side, expiry, and entering the quantity, click [Request Quote]. You’ll see a live quote on the active panel on the right. Click [Buy] or [Sell] to accept the quote and the trade will be executed instantly.
Multi-leg trades are supported via the strategies on the platform.
Trades will be settled just like any other Options trades you perform on the Binance Options order book. Any profit or loss will be automatically settled into your Options Wallet.
For example:
At expiry, if a call option is required to be exercised (i.e., the spot price is above your strike price), the option will be exercised automatically and the profit will be settled into your Options Wallet. Otherwise, it will expire.
Similarly, if a put option is required to be exercised (i.e., the spot price is below your strike price), the option will be exercised automatically and the profit will be settled into your Options Wallet. Otherwise, it will expire.
This means that your available margin is currently insufficient to execute the trade. Please fund your Options Wallet and try again.
It is a summary of your current option positions. Any open option positions will be displayed here.
Initial Margin
| Action | Initial Margin Calculation |
| Buy to open | Initial margin = (Order Price + Transaction Fee) * max(Order Amount - abs(negative position size), 0) |
| Buy to close | Initial margin = max[0, (Order Price + Transaction Fee) * Order Amount - Order Amount / abs(Position Size) * Min( Position Margin(Current Option) / Position Margin(All Positions) * Margin Balance , Position Margin(Current Option) ) ] |
| Sell to open | Initial margin = {max [Index Price * 10% * Contract Unit, max(Index Price * 10% , Index Price * 15% + OTM Amount) * Contract Unit + Mark Price of the Option - Order Price] + Transaction Fee} * abs(Order Amount) |
| Sell to close | Initial Margin = 0 |
Maintenance Margin
Maintenance Margin = { max [Index Price * 5% ,Index Price * 7.5% + OTM Amount ] * Contract Unit + Mark Price of the Option + Index Price * (LiquidationFee Rate) * Contract Unit } * abs(Position Size) , where:
