{"id":13770,"date":"2022-03-03T13:41:55","date_gmt":"2022-03-03T13:41:55","guid":{"rendered":"https:\/\/algotrading101.com\/learn\/?p=13770"},"modified":"2023-04-03T21:02:18","modified_gmt":"2023-04-03T21:02:18","slug":"deribit-api-guide","status":"publish","type":"post","link":"https:\/\/algotrading101.com\/learn\/deribit-api-guide\/","title":{"rendered":"Deribit – An Introductory API Guide"},"content":{"rendered":"
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\"Deribit<\/figure>\n\n\n\n

Table of contents:<\/h2>\n\n\n\n
  1. What is Deribit?<\/a><\/li>
  2. What is Deribit API?<\/a><\/li>
  3. Is Deribit free?<\/a><\/li>
  4. Does Deribit require KYC?<\/a><\/li>
  5. Why should I use Deribit?<\/a><\/li>
  6. Why shouldn\u2019t I use the Deribit?<\/a><\/li>
  7. Is Deribit available in my country?<\/a><\/li>
  8. What are the alternatives to using Deribit?<\/a><\/li>
  9. What clients are available for the Deribit API?<\/a><\/li>
  10. How to get started with Deribit?<\/a><\/li>
  11. How to get currency info with Deribit?<\/a><\/li>
  12. How to get Price Data on Deribit?<\/a><\/li>
  13. How to get historical data with Deribit?<\/a><\/li>
  14. How to get Order Book data with Deribit?<\/a><\/li>
  15. How to get Transactions with Deribit?<\/a><\/li>
  16. How to fire an order with Deribit?<\/a><\/li>
  17. How to fire an order on a Perpetual contract with Deribit?<\/a><\/li>
  18. How to fire an order on a Futures contract with Deribit?<\/a><\/li>
  19. How to fire an order on an Option contract with Deribit?<\/a><\/li>
  20. How to execute a trade on ETH when BTC hits a certain price with the Deribit API?<\/a><\/li>
  21. How to execute an ETH trade when BTC moves 5% in the last 5 minutes with the Deribit API?<\/a><\/li>
  22. How to cancel orders with Deribit?<\/a><\/li>
  23. Full code<\/a><\/li><\/ol>\n\n\n\n\n\n\n\n

    What is Deribit?<\/h2>\n\n\n\n

    Deribit is an online cryptocurrency derivatives exchange that focuses on cryptocurrency futures and options trading. <\/p>\n\n\n\n

    Link: https:\/\/www.deribit.com<\/a><\/p>\n\n\n\n\n\n\n\n

    What is Deribit API?<\/h2>\n\n\n\n

    Derbit API is a method that allows us to automatically trade cryptocurrency futures and options on Deribit via code.<\/p>\n\n\n\n\n\n\n\n

    Is Deribit free?<\/h2>\n\n\n\n

    Opening an account on Deribit is completely free while the exchange does impose trading fees on its customers. The exchanges’ fee model is based on a maker-taker premise.<\/p>\n\n\n\n

    A maker order is an order that removes liquidity from the order book while the taker order does the opposite. Deribit fees vary per product and are calculated as a percentage of the underlying asset of the contract.<\/p>\n\n\n\n

    When it comes to contracts here is how the fee structure looks like:<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Have in mind that the Options fees can’t go over the 12.5% of the options price. Moreover, Futures and Options contracts have a delivery fee as shown in the picture below:<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    When it comes to liquidation fees they are the following:<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Deribit doesn’t impose any deposit fees while the withdrawal fees for BTC may depend on the current state of the Bitcoin network.<\/p>\n\n\n\n

    When it comes to funding your account you have only one option<\/strong> and that is Bitcoin <\/strong>\ud83d\ude42 . This means that Deribit doesn’t support any fiat currency deposit methods.<\/p>\n\n\n\n\n\n\n\n

    Does Deribit require KYC?<\/h2>\n\n\n\n

    As of 9th<\/sup> November 2020, Deribit requires all new clients to obtain a verified status in order to get allowed to trade. This implies providing a proof of residence and an ID document.<\/p>\n\n\n\n\n\n\n\n

    Why should I use Deribit?<\/h2>\n\n\n\n