# SignalPlus

Free crypto options terminal — vol lab, live greeks book and an automated delta hedger.

*https://cryptomarkets.tools/tools/signalplus · Crypto Trading Terminals*

## Facts

### At a glance

| Field | Value |
| --- | --- |
| Vendor | SignalPlus |
| Category | Crypto Trading Terminals |
| Job | execution |
| Website | https://www.signalplus.com |
| Pricing model | free |
| Free tier | true |
| Open source | false |
| Licence | none |
| Self-hosted | false |
| KYC required | false |
| Tested hands-on | false |
| Last updated | 2026-09-19 |

### Pricing

| Tier | USD | Period |
| --- | --- | --- |
| Trading dashboard | 0 USD | month |
| Automation suite | on request | — |

### Coverage

| Field | Value |
| --- | --- |
| Asset classes | spot, perpetuals, futures, options |
| Chains | none |
| Venues | cex, derivatives, otc |
| Data latency | realtime |
| Platforms | web, ios, android |
| AI features | none |

### Interfaces

| Field | Value |
| --- | --- |
| API | true |
| Webhooks | false |
| Scripting | none |
| MCP server | false |

### Capabilities

Yes: charting, automation, live_trading, paper_trading, portfolio_tracking, alerts, news, derivatives_analytics

No: screening, backtesting, exchange_import, tax_reporting, onchain_data, wallet_tracking

*Verified: pricing 2026-09-19; coverage 2026-09-19.*

## What it is

An options desk in a browser tab. You connect the exchange accounts you already have, and
SignalPlus assembles them into one book — live inventory, PnL broken down by greek across expiries
and strikes, a volatility lab, scenario analysis, and an order ticket that can work a multi-leg
structure and hedge the delta out of it afterwards. Charts are TradingView's, embedded.

**The name is the first thing to get past.** "Signal" in this catalogue usually means somebody
selling you a view, and that is out of scope here. SignalPlus is not that: it sells no calls, no
entries, no targets and no subscription to a channel. Its six site sections are the dashboard, the
automation licence, a content property, the company and two contact pages, and the tutorial runs to
forty-five pages of how to wire up keys and work orders. What it does emit is your own risk on your
own positions. The one place it publishes opinion — a news feed on a separate host — carries a
standing line that it does not constitute investment advice, and its items are summaries of
third-party reporting rather than trades to put on.

**Options is the whole point, and the venue list is the reason to look.** Most terminals that
claim options mean Deribit. SignalPlus publishes dashboards for Deribit, Bybit, OKX, Binance and
Coincall, and ships key-setup guides for Bullish as well — six venues that actually list options,
which is close to the whole tradable universe. Block liquidity is a seventh connection: Paradigm's
network is embedded in the dashboard, and on Bybit it is the only block route, because the
documentation says Bybit's native RFQ is unsupported and you must go through Paradigm. On OKX the
RFQ is described as forthcoming, which is a fair warning that the six dashboards are not six
identical products.

**Two things are sold here that this card is not about.** A market-making and delta-hedging robot,
licensed by API to firms standing up an options operation, and a structured-product pricer sold to
issuers. Both are quoted by enquiry, both are bought by somebody other than the trader in front of
the dashboard, and neither is described on this card beyond saying it exists.

## Pricing

**The dashboard is free and the vendor is emphatic about it** — "completely free-of-charge with no
strings attached" on the dashboard page, "all free of charge" on the homepage. There is no pricing
page on the site, because there are no plans, no seats and no tiers to put on one. The iOS app is
free to download as well.

**The automation suite is the part with a price, and it is not published.** The automation page
describes the robot, lists what it does, and ends with an email address to inquire at. No figure,
no range, no unit. If you are sizing a market-making operation around it, that conversation starts
from scratch.

**A free terminal is paid for somewhere, and here the mechanism is documented.** SignalPlus
attaches a partner broker identifier to the orders it sends to Deribit, and its own page says
plainly what that achieves — Deribit recognises them as partner-sourced, and rebates are credited
to SignalPlus. Your fees are the exchange's; the flow is what is being monetised. Note the exact
scope of that statement: the broker-ID page covers Deribit and only Deribit. No equivalent page
exists for Bybit, OKX, Binance, Bullish or Coincall, which is not at all the same as those venues
carrying no tag.

## Data & coverage

**The volatility lab is the reason most people open this.** It plots term structure, the smile,
the surface, implied against realised, a volatility cone, seven-day realised-volatility momentum,
historical implied volatility by tenor and by expiry, and time-lapse implied volatility snapshots.
The homepage calls two of those the "Model" smile and the "Model" surface, which implies a fit
rather than a pass-through of exchange marks.

**But the vendor never says whose model it is.** Neither the volatility lab page nor the analysis
widgets page states whether the greeks and implied vols shown are SignalPlus's own calibration or
the venue's published marks, and the two are not interchangeable — a surface fitted in-house will
disagree with Deribit's mark IV, and which one your PnL attribution is computed against matters.
This is the single most useful question to put to them before you rely on the numbers, and it is
not answered anywhere in the documentation.

**The risk book is seven widgets**, and they are the ones an options trader would actually ask
for: live risk and PnL granular to individual greeks and instruments, PnL attribution over time
broken into its components, break-even against underlying price for the current portfolio,
seven-day theta, running theta, and strike analysis for concentration across expiries and strikes.
Scenario analysis sits alongside for stress-testing before the event rather than after.

**Virtual accounts are real paper trading**, not a demo mode. You create as many as you like,
anchor each to a chosen exchange so it borrows that venue's order book and settlement mechanics,
and set an adjustable starting balance. The documented use is simulation and strategy observation,
including booking OTC trades against the same risk and PnL tooling.

## Integrations

**Venue keys, and what they are allowed to do.** On Deribit the full setup asks for Block Trade,
Block RFQ, Account and Trade all at `read_write`; if you only want RFQ, the documentation tells you
how to narrow that to Block RFQ at read-write with Account and Trade left at read, which is the
better default and is easy to miss. Nothing in the guide asks for withdrawal permission. Guides in
the same format cover OKX, Bybit, Binance, Bullish, Coincall and Paradigm.

**The keys live on SignalPlus infrastructure, not in your browser.** The Deribit guide publishes
four SignalPlus IP addresses to add to the venue key's allowlist and offers a static proxy IP on
request. The delta hedger confirms it from the other direction — it keeps running while you are
away and switches itself off only after seven days without a login. That is what makes the
automation work, and it is a custody decision: for as long as those keys are live, a party other
than you can trade your account.

**Execution is algorithmic rather than a plain ticket.** Smart Dealing builds and works multi-leg
structures, re-quoting a limit against mark on a thirty-second cycle, slicing large orders and
filling the parts in sequence, and — the detail that matters on a risk reversal — sequencing the
options legs to fill before the futures hedge so the structure is never half on. There is a
Balance Trade algo the docs compare to an iceberg or a TWAP, a separate TWAP, and a set of screen
algos alongside.

**Dynamic Delta Hedge** checks account delta in under five seconds, and when it leaves the band
you set, hedges back toward a target using perpetual futures. Perps are the only hedging
instrument it supports. You configure upper and lower limits, a target and a tolerance band, and
confirmations arrive over Telegram.

**Off-screen trading is a first-class part of the product**, not an afterthought — RFQ, a voice
OTC workflow, and an axe board for advertising interest, including a variant for fixing futures
swaps. RFQ alerts reach you by Telegram.

**There is an API, but it is narrow.** What is documented is an RFQ API, on its own host with a
testnet twin, described as largely plug-compatible with Deribit's own RFQ API — so it is a way to
automate block workflow, not a general trading or market-data API for the dashboard. No MCP server
is advertised on the site or in the tutorial, and no webhook interface either; notifications go to
Telegram.

## Limitations

**You cannot see inside without signing up.** The marketing site is a client-rendered app and the
product itself is behind a login, so everything on this card came from vendor documentation rather
than from the running product. For a tool whose value is what the numbers say, that is a real gap
and one an account would close in an afternoon.

**The model behind the greeks is undocumented.** Restated here because it belongs in this section
as much as in the last one: a terminal that shows you a volatility surface and does not say how it
is built is asking for trust it has not shown its work for.

**Your keys are theirs to hold.** Account and trade permissions on a server you do not control is
the price of a hedger that runs overnight. It is the opposite trade-off from a terminal that keeps
keys in the browser, and it is the right one for automation and the wrong one for anybody whose
policy is that keys never leave the desk.

**The six venues are not six equal integrations.** Bybit has no native RFQ and has to be routed
through Paradigm; OKX's RFQ is still described as forthcoming; Bullish and Paradigm have key guides
but no product page of their own. Check the specific workflow you need on the specific venue you
trade before assuming parity.

**Delta hedging is perpetuals only.** No dated futures, no spot. If your hedge belongs somewhere
else, the robot cannot put it there.

**The hedger is not a daemon.** Seven days without logging in and it turns itself off. That is
defensible as a safety default and it is still a hard operational constraint — the thing you built
to run unattended will stop if you actually leave it unattended.

**Some email domains will not work.** The signup guide warns that qq.com, 163.com and 126.com
addresses are not supported by some of its exchange partners, which is an odd constraint to
discover after registering.

**And the account gets you nothing on its own.** SignalPlus needs no identity documents because
the exchange underneath it does. Every venue on the list is a full KYC account you must already
hold before the dashboard has anything to display.

## Alternatives

For the block half alone, on your own account and without a third party holding keys,
[Paradigm](https://cryptomarkets.tools/tools/paradigm) is the network SignalPlus embeds — with institutional onboarding, no
US or Canadian persons, and no analytics of any kind. SignalPlus is the version of that liquidity
you can reach with an email address.

If you want the options analytics without handing over trading keys at all,
[Laevitas](https://cryptomarkets.tools/tools/laevitas) sells greeks and a calibrated surface across roughly the same venue
set as data, in [market data](https://cryptomarkets.tools/categories/market-data-apis), and has no order ticket.

If options are a sideline and what you actually sit in front of is perpetuals,
[Velo](https://cryptomarkets.tools/tools/velo) is the cheaper screen in [this category](https://cryptomarkets.tools/categories/trading-terminals) — but
its options coverage is two Deribit instruments, which is the gap SignalPlus exists to fill.

## FAQ

### Is SignalPlus a signal service?

No, despite the name. What it sells is software pointed at exchange accounts you already hold — an options book, greeks, a volatility lab and an order ticket, driven by API keys you create yourself. Nothing on the site sells calls, entries or targets, and its news feed carries a standing line that it does not constitute investment advice.

### What does SignalPlus cost?

The dashboard is free, in the vendor's own phrase "completely free-of-charge with no strings attached", and there is no pricing page because there are no plans. The separate automation robot is licensed by API at a price quoted on enquiry.

### If the terminal is free, how does SignalPlus make money on it?

At least partly through a broker tag. On Deribit it attaches a partner broker ID to your orders so the exchange recognises them as partner-sourced, and its own documentation says the effect is that rebates are credited to SignalPlus. Nothing is added to what you pay, and no equivalent page exists for the other venues.

### Which venues can SignalPlus trade?

Deribit, Bybit, OKX, Binance and Coincall have dashboards on the marketing site, and key-setup guides also exist for Bullish and for Paradigm as a block-liquidity channel. That is unusually wide for options, where most terminals stop at Deribit.

### Where does SignalPlus keep my exchange API keys?

On its servers. It publishes four of its own IP addresses to put on the venue key's allowlist, and its delta hedger keeps working for up to seven days after you last logged in. That is the trade-off for automation — nothing it runs needs your browser open, and the keys are not under your control while it runs.

### Does SignalPlus need my passport?

No. Signing up is an email address and a mailed verification code. The identity checks belong to the exchange you connect, not to SignalPlus — which also means its account gives you nothing until you have cleared KYC somewhere else.

## Also worth comparing

- [Insilico Terminal](https://cryptomarkets.tools/tools/insilico-terminal.md) — Free browser OEMS with institutional order types and a trading command line.
- [Paradigm](https://cryptomarkets.tools/tools/paradigm.md) — Institutional RFQ and block trading for crypto derivatives, settled at your own venue.
- [CoinRoutes](https://cryptomarkets.tools/tools/coinroutes.md) — Institutional EMS with a dozen named algos, smart routing and a consolidated book.
- [Elwood](https://cryptomarkets.tools/tools/elwood.md) — Modular institutional OEMS over 40+ venues, sold to professional clients only.
- [Talos](https://cryptomarkets.tools/tools/talos.md) — Institutional crypto OEMS — aggregated liquidity, execution algos, one-click settlement.
- [Velo](https://cryptomarkets.tools/tools/velo.md) — Derivatives terminal with order entry on Bybit and Hyperliquid, and the API behind it.