01 /
BTC · Deribit weeklies
Smile fitFIG 1
Smile fit · front & back
Dots are the real implied volatility at each option strike; the line is the model (SVI) fit — how closely it tracks the market smile. The current week is free; the next two weeks are Pro. What to watch: how well the line passes through the dots, and the RMSE in each header — the model's average error in IV points. If RMSE > 4% the fit is poor and the signals below can't be trusted. Dots are colored by the model residual — red = rich, blue = cheap, grey ≈ fair; hover any dot for its strike, market vs fair IV, the residual and OI. The current week is free; the next two weeks are Pro.
OI · residual · $-exposureFIG 2
3-panel · current + next week
Top — open interest by strike: green = call, red = put. Middle — market minus model IV in points: red = market richer, blue = cheaper. Bottom — that residual × vega × OI: the real dollar weight of the mispricing. What to watch: big OI lining up with one-signed mispricing = systematic flow, not noise. Hover any strike to read all three panels at once.
Multi-row heatmapFIG 3
Call/Put OI · residual · $-impact · GEX
The same metrics as FIG 2, but as a compact table: 5 rows × all strikes. The ATM-forward column is marked. GEX ($K / 1%) — the $-delta dealers must re-hedge per 1% move at that strike (gamma exposure). What to watch: deep blue / red cells on the $-impact row = strikes that can push the market; the darkest GEX cells = gamma walls. Hover any cell for its exact value.
02 /
ETH · Deribit weeklies
Smile fitFIG 1
Smile fit · front & back
Dots are the real implied volatility at each option strike; the line is the model (SVI) fit — how closely it tracks the market smile. The current week is free; the next two weeks are Pro. What to watch: how well the line passes through the dots, and the RMSE in each header — the model's average error in IV points. If RMSE > 4% the fit is poor and the signals below can't be trusted. Dots are colored by the model residual — red = rich, blue = cheap, grey ≈ fair; hover any dot for its strike, market vs fair IV, the residual and OI. The current week is free; the next two weeks are Pro.
OI · residual · $-exposureFIG 2
3-panel · current + next week
Top — open interest by strike: green = call, red = put. Middle — market minus model IV in points: red = market richer, blue = cheaper. Bottom — that residual × vega × OI: the real dollar weight of the mispricing. What to watch: big OI lining up with one-signed mispricing = systematic flow, not noise. Hover any strike to read all three panels at once.
Multi-row heatmapFIG 3
Call/Put OI · residual · $-impact · GEX
The same metrics as FIG 2, but as a compact table: 5 rows × all strikes. The ATM-forward column is marked. GEX ($K / 1%) — the $-delta dealers must re-hedge per 1% move at that strike (gamma exposure). What to watch: deep blue / red cells on the $-impact row = strikes that can push the market; the darkest GEX cells = gamma walls. Hover any cell for its exact value.
03 /
IBIT · US-listed BTC ETF EOD · prev close · US hours
Smile fitFIG 1
Smile fit · current + next week · EOD
IBIT listed options, end-of-day (previous close), US market hours. Dots = market IV per strike; line = SVI fit; dots colored by residual — red = rich, blue = cheap. Current week free; next week Pro. NB listed/EOD fits run noisier than 24/7 crypto — watch the RMSE (often 5–7% here) and treat the residual as directional.
OI · residual · $-exposureFIG 2
3-panel · current + next week · EOD
OI by strike (call / put), market − model residual (rich / cheap), and residual × vega × OI ($-weight). Current week free; next week Pro. EOD / prev close.
Multi-row heatmapFIG 3
Call/Put OI · residual · $-impact · GEX · EOD
5 rows × strikes. GEX = dealer gamma re-hedge per 1% move; darkest cells = gamma walls. Current week free; next week Pro. EOD / prev close.
04 /
Realized-vol dashboard
Parkinson R(4h) vs R(12h) · 24hFIG 1
Realized vol · last 24h
Two panels (BTC top, ETH bottom). The red line is realized volatility over 4 hours, the blue over 12. When the fast line jumps above the slow one the market is accelerating — vol burst; the reverse is cooling. Background = trading session (Asia / Europe / US / Overnight). The bottom strip is the regime signal: green = short vol OK, amber = risk shift, red = long vol. Hover the timeline for R4 / R12 / VRP / Mom / session / signal at that moment.
Realized vol coneFIG 2
Current RV vs 1Y distribution
Grey funnel = the 1-year distribution of annualized RV at each window (7 / 14 / 30 / 60 / 90d): light band = 5–95th percentile, dark = 25–75th, line = median. Red dots = current RV at each horizon. Blue dashed = current ATM IV of the front expiry. How to read: dots below the median = quiet regime; above the 75th = vol in its top quartile. IV above the dots = positive risk premium (sell-vol); IV under RV = the market is underpricing movement. Hover a window for the full percentile breakdown.
05 /
Skew term-structure
RR & Fly · all active expiriesTBL
RR = IV(call) − IV(put) at given Δ · Fly = (IV_call + IV_put)/2 − IV_atm · all values in IV-pp
Skew term structure
Table across all active expiries. iv_atm — IV near ATM (%). RR_25 / RR_10 — risk reversal: IV(call) − IV(put) at 25Δ / 10Δ; negative = puts richer than calls. Fly_25 / Fly_10 — how much the wings cost over ATM. How to read: deep-red RR = strong put-skew (fear); deep-green = call-bid (bullish tone).
06 /
Block trades · institutional flow
Deribit blocks · last 24hTBL
Block trades
Pre-arranged large trades on Deribit over the last 24 hours, newest first. Notional in $ = sum of all legs at index price. B = buy, S = sell. How to read: repeated structures (several large strangles / straddles on the same expiry) = an institutional view on a vol-event; a lone crossed print = a directional bet. Block trades are the cleanest institutional signal — retail can't get in there.