With some downtime between jobs, I have finally written down a summary of all of the exchanges offering futures products that open the possibility for Crypto Index (or basis) Arbitrage opportunities available to the normal trader. This means I exclude futures products on CBOT, CME and LedgerX exchanges, as membership of these venues is beyond most mortals, or in the case of LedgerX, anyone who is not banked in the United States.
It's a rapidly growing flow and competition is hotting up now, with a range of expiries available for futures contracts: weekly, bi-weekly and monthly. This makes for an interesting, and very rewarding, environment in which to try different strategies and experiment with each exchange and index and get meaningful feedback quickly (given very few exchanges offer a viable sandbox to play in).
I'd welcome comments on:
- is this analysis/summary useful and if anyone else is interested maintaining?
- any other useful parameters to add
- other exchanges offering futures products
Parameters:
- Exchange (Futures & hedge)
- Instrument Type (Future, cash)
- Underlying
- Contract CCY
- Margin CCY
- Settlement CCY
- Max Leverage
- Expiries (weekly, bi-weekly, quarterly)
- Maker Fee
- Taker Fee
- Settlement Fee
- Fee Comment (to describe tiering, for example)
- Index (for futures contracts)
- Initial Margin
- Maintenance/Variation Margin
- Link to contract specification
Futures Exchanges covered:
- BitMEX
- OKEX
- Derebit
- Crypto Facilities
Cash Exchanges covered:
- Bitstamp
- GDAX
- Kraken
- ITBit
- HitBTC
- Poloniex
- Bittrex
- Bitfinex