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Derive Live
Optionly aggregates public market data from Deribit and Derive. Nothing here is investment advice. Links to Derive may use Optionly's broker code, which pays Optionly a share of exchange fees at no cost to you.

Options Arbitrage Scanner

The same contract quoted on Derive and Deribit, side by side. A cross-venue edge is buying the ask on one venue and selling the bid on the other, net of both venues' fees, shown only when the total exceeds $5 at available size. Parity checks compare calls against puts at the same strike within a venue. Box rates show what each expiry is charging to borrow or lend dollars through the options market. Quotes: deribit 5,204 ยท derive 2,360.

Cross-venue mispricings
Buy the cheaper venue's ask, sell the richer venue's bid. Edge is per contract after fees; total is edge times available size.
ContractBuy onAskSell onBidEdgebps of fwdSizeTotal
XRP-30OCT26-1.8-CDerive$0.02Deribit$0.02$0.0016.8 bps10000$24
XRP-30OCT26-1.75-CDerive$0.02Deribit$0.03$0.0016.1 bps10000$23
XRP-30OCT26-1.9-CDerive$0.01Deribit$0.02$0.0014.7 bps10000$21
XRP-30OCT26-1.7-CDerive$0.03Deribit$0.03$0.0014.0 bps10000$20
XRP-30OCT26-1.65-CDerive$0.04Deribit$0.04$0.009.7 bps10000$14
XRP-30OCT26-1.6-CDerive$0.05Deribit$0.05$0.006.8 bps10000$10
Put-call parity breaks
Conversion: sell call, buy put, long perp. Reversal: the opposite. Includes 5 bps for the perp leg. Funding on the perp leg is not included.
VenueUnderlyingExpiryStrikeSideEdgebpsLegs
DeriveBTC26MAR2760000conversion$513.6564.7 bpssell BTC-20270326-60000-C @22371.00, buy BTC-20270326-60000-P @2365.00, long perp @79405.00
DeriveETH26MAR271800conversion$12.9652.1 bpssell ETH-20270326-1800-C @823.10, buy ETH-20270326-1800-P @117.70, long perp @2489.70
DeribitHYPE25DEC26100conversion$0.2123.9 bpssell HYPE_USDC-25DEC26-100-C @8.28, buy HYPE_USDC-25DEC26-100-P @19.89, long perp @88.08
DeribitHYPE25DEC26105conversion$0.1921.6 bpssell HYPE_USDC-25DEC26-105-C @6.97, buy HYPE_USDC-25DEC26-105-P @23.60, long perp @88.08
DeribitHYPE25DEC2695conversion$0.1415.9 bpssell HYPE_USDC-25DEC26-95-C @9.74, buy HYPE_USDC-25DEC26-95-P @16.42, long perp @88.08
DeribitHYPE25DEC2690conversion$0.1112.5 bpssell HYPE_USDC-25DEC26-90-C @11.54, buy HYPE_USDC-25DEC26-90-P @13.25, long perp @88.08
DeribitHYPE25DEC2686conversion$0.0910.2 bpssell HYPE_USDC-25DEC26-86-C @13.26, buy HYPE_USDC-25DEC26-86-P @10.99, long perp @88.08
DeribitHYPE25DEC2685conversion$0.089.1 bpssell HYPE_USDC-25DEC26-85-C @13.73, buy HYPE_USDC-25DEC26-85-P @10.47, long perp @88.08
DeribitHYPE25DEC2684conversion$0.089.1 bpssell HYPE_USDC-25DEC26-84-C @14.23, buy HYPE_USDC-25DEC26-84-P @9.97, long perp @88.08
Box spread rates
Implied annualized rate to lend (buy the box) or borrow (sell the box) dollars via options, per expiry, at the bid/ask. Expiries under 14 days are excluded.
VenueUnderlyingExpiryDaysStrikesLend APRBorrow APR
DeribitETH25JUN272912600 / 3300-2.43%+4.49%
DeribitBTC25JUN2729152000 / 76000-3.21%+3.65%
DeribitBTC26MAR2720082000 / 106000-3.68%+4.96%
DeribitETH26MAR272001800 / 2500-4.12%+4.77%
DeriveBTC25DEC2610975000 / 95000-6.27%+15.23%
DeriveBTC27NOV268160000 / 80000-6.52%+14.07%
DeribitBTC27NOV268158000 / 82000-7.19%+8.50%
DeribitBTC25DEC2610960000 / 84000-7.62%+8.01%
DeribitETH27NOV26811800 / 2550-7.88%+7.82%
DeribitTRX25DEC261090.3 / 0.38-7.89%+5.72%
DeriveETH27NOV26811900 / 2600-8.12%+14.48%
DeribitAVAX25DEC261096.5 / 8.5-8.20%+10.12%
DeribitETH25DEC261092800 / 3500-8.52%+10.71%
DeriveBTC30OCT265360000 / 82000-9.12%+18.37%
DeribitXRP25DEC261091.35 / 1.7-9.62%+12.38%
DeriveETH25DEC261092300 / 2800-10.44%+14.25%
DeriveETH30OCT26531800 / 2500-11.15%+18.08%
DeribitSOL25DEC26109100 / 120-11.96%+23.00%
DeribitHYPE25DEC2610984 / 105-13.39%+20.50%
DeribitBTC30OCT265358000 / 81000-13.84%+16.88%
DeribitAVAX30OCT26537.2 / 9.5-14.10%+19.31%
DeribitETH30OCT26532650 / 3400-14.75%+17.52%
DeribitTRX30OCT26530.31 / 0.37-21.00%+13.41%
DeriveBTC25SEP261858000 / 80000-22.53%+38.97%
DeriveHYPE30OCT265395 / 120-24.03%+46.40%
DeriveHYPE25DEC2610970 / 96-26.84%+45.31%
DeriveSOL25DEC26109120 / 150-27.11%+33.17%
DeribitXRP30OCT26531.34 / 1.6-27.79%+33.12%
DeribitSOL30OCT2653100 / 110-35.38%+52.01%
DeribitBTC25SEP261880000 / 102000-37.24%+42.19%
DeribitETH25SEP26181800 / 2500-40.94%+47.14%
DeriveETH25SEP26182050 / 2700-42.82%+42.78%
DeriveSOL30OCT265395 / 124-46.61%+57.70%
DeribitHYPE30OCT265378 / 104-70.70%+84.76%
DeriveHYPE25SEP261866 / 90-73.07%+74.90%
DeribitAVAX25SEP26187.2 / 8.5-73.13%+82.38%
DeriveXRP30OCT26531.25 / 1.6-76.58%+83.03%
DeribitTRX25SEP26180.32 / 0.35-106.25%+90.66%
DeribitXRP25SEP26181.35 / 1.5-152.93%+150.65%
DeriveSOL25SEP261895 / 120-158.92%+190.18%
DeriveXRP25SEP26181.05 / 1.45-184.06%+217.59%
DeribitHYPE25SEP261878 / 90-196.74%+213.98%
DeribitSOL25SEP2618102 / 108-263.03%+302.05%