Up/Down rounds
A round asks one question: does the price finish above or below a line at a set time? Pick Up or Down, pick a multiple, pick a stake.
Rounds
| Markets | BTC, ETH |
| Schedule | One round per day. Each ends at 00:00 UTC (8 PM New York time during daylight saving). The next opens a few minutes after settlement. |
| Settlement | Chainlink price on Robinhood Chain, paid in USDG |
| Fee | None on Split. The price includes the spread. |
Stock and event rounds use the same contracts. The board lists whichever rounds are open.
The card
- Price to Beat and Current Price, with the gap ("▲ $236 above").
- Ends in: a countdown that turns amber in the last hour and red in the last 5 minutes.
- Who is trading the round, with an up and down count. See all opens Live for that market.
- After the close, the card shows Settling until the price is confirmed, then the result ("Closed above $83,336") and your own ("Won $12.40").
Multiples
Each round has 8 bands around the current price. A band nearer the price pays a lower multiple more often; a band further out pays a higher multiple less often.
- The ticket starts on the highest multiple that is not right at the current price and can fill your stake. Move the slider to change it. The slider stops only on real strikes.
- Multiples show as "5.2×" under 10 and "12×" from 10 up.
- Up pays in part once the price passes the band's strike and in full above its cap. The phone ticket says it in one line: "Up wins if BTC ends above line at 8 PM. Full payout above cap. You can only lose what you put in."
Up and Down at one band always add up to the band's width, so the two prices read as two halves of one dollar. Details: Cash-settled spreads.
Stake
- Desktop chips: 25%, 50%, 75%, Max of your balance. Phone chips: $5, $10, $25, Max.
- Max is what the pool can pay at that multiple. A higher multiple has a lower max, because the pool must hold the full payout before you buy.
Other venues
For BTC and ETH the same view can fill as a call or put spread on Paradex or Derive. Press Get quote: makers respond in a few seconds and the button shows the firm price ("Buy on Paradex $8.70"). The ticket picks whichever pays more at your stake. See Routing across venues.