ETH 25SEP26 Options Chain

ETH options expiring 25SEP26, 18 days out, with the forward at $2,499. Open interest is $1B in calls and $771M in puts, put/call 0.64, and max pain is $2,150. At-the-money implied volatility is 49.3%. Where a strike is listed on both venues the cheaper ask and richer bid are visible side by side; the arb scanner flags any gap that exceeds fees. Strikes shown are within 60% of the forward. All ETH expiries.

Chain

Derive bid / ask (IV) · Deribit bid / ask (IV) · open interest in contracts, both venues combined.

Call OI	Derive call	Deribit call	Strike	Deribit put	Derive put	Put OI
106	$981 / $1240 79%	$1088 / $1109 98%	1400	$0.20 / $0.40 98%	– / $0.60 79%	6819
1065	$891 / $1128 79%	$988 / $1009 89%	1500	$0.40 / $0.60 89%	– / $0.90 79%	9877
231	$802 / $1016 79%	$889 / $910 84%	1600	$0.80 / $1.80 84%	– / $1.30 79%	1887
381	$712 / $905 76%	$791 / $810 77%	1700	$1.20 / $1.60 77%	– / $124 76%	1491
0	$667 / $849 73%	–	1750	–	$1.10 / $2.20 73%	245
454	$622 / $793 71%	$690 / $711 71%	1800	$1.80 / $2.00 71%	$1.50 / $2.60 71%	1361
97	$577 / $738 69%	$641 / $661 68%	1850	$2.40 / $2.60 68%	$2.10 / $3.20 69%	742
1466	$532 / $683 66%	$593 / $612 65%	1900	$3.00 / $3.20 65%	$2.80 / $3.90 66%	1676
145	$487 / $628 64%	$543 / $563 63%	1950	$4.00 / $5.00 63%	$3.80 / $4.90 64%	508
1641	$443 / $573 62%	$494 / $514 60%	2000	$5.40 / $6.60 60%	$5.30 / $6.30 62%	4800
4	$451 / $460 59%	$445 / $466 58%	2050	$7.20 / $8.20 58%	$6.80 / $8.10 59%	407
667	$404 / $414 57%	$399 / $419 56%	2100	$9.60 / $10.60 56%	$9.20 / $10.60 57%	464
21	$357 / $368 55%	$353 / $372 54%	2150	$13.20 / $14.20 54%	$12.60 / $14.10 55%	395
3233	$312 / $323 53%	$306 / $327 52%	2200	$18.20 / $19.40 52%	$17.40 / $19.00 53%	1482
358	$270 / $279 52%	$264 / $284 51%	2250	$25.00 / $26.40 51%	$24.10 / $25.90 52%	282
644	$230 / $239 50%	$226 / $242 50%	2300	$34.40 / $36.00 50%	$33.30 / $35.50 50%	428
0	–	$186 / $205 50%	2350	$47.00 / $48.60 50%	–	1
0	–	$181 / $197 50%	2360	$50.00 / $52.00 50%	–	8
0	–	$168 / $184 49%	2380	$56.00 / $59.00 49%	–	50
3229	$159 / $167 48%	$153 / $170 49%	2400	$63.00 / $66.00 49%	$61.80 / $65.00 48%	562
2	–	$141 / $158 49%	2420	$70.00 / $73.00 49%	–	6
0	–	$136 / $141 49%	2440	$78.00 / $82.00 49%	–	0
0	–	$131 / $136 49%	2450	$83.00 / $86.00 49%	–	3
1970	$106 / $109 48%	$107 / $110 49%	2500	$107 / $111 49%	$107 / $111 48%	311
2	–	$86.00 / $88.00 50%	2550	$136 / $140 50%	–	0
767	$67.00 / $70.00 49%	$68.00 / $71.00 50%	2600	$168 / $173 50%	$167 / $175 49%	581
0	–	$54.00 / $57.00 51%	2650	$200 / $215 51%	–	0
646	$42.10 / $44.60 51%	$43.40 / $45.20 52%	2700	$238 / $255 52%	$241 / $250 51%	0
0	–	$34.60 / $36.40 53%	2750	$279 / $296 53%	–	0
1817	$26.90 / $28.90 54%	$27.60 / $29.40 54%	2800	$322 / $338 54%	$325 / $334 54%	62
23	–	$22.20 / $24.00 55%	2850	$365 / $384 55%	–	0
753	–	$18.00 / $19.60 56%	2900	$411 / $429 56%	–	1
2381	$11.80 / $13.30 59%	$11.80 / $13.40 59%	3000	$504 / $523 59%	$509 / $519 59%	16
24	–	$8.00 / $9.40 61%	3100	$600 / $619 61%	–	0
775	$5.70 / $7.00 64%	$5.60 / $6.80 63%	3200	$698 / $717 63%	$628 / $795 64%	0
22	–	$4.00 / $5.00 66%	3300	$796 / $815 66%	–	1
90	$3.00 / $4.10 69%	$2.80 / $3.40 69%	3400	$895 / $914 69%	$808 / $1016 69%	30
161	$2.20 / $3.30 71%	$2.00 / $3.00 71%	3500	$994 / $1013 71%	$897 / $1127 71%	0
161	$1.50 / $2.70 74%	$1.40 / $1.80 74%	3600	$1093 / $1113 74%	$987 / $1239 74%	0
314	– / $1.80 78%	$0.60 / $1.40 78%	3800	$1292 / $1312 78%	$1166 / $1462 78%	0
383	– / $1.20 78%	$0.40 / $0.80 82%	4000	$1492 / $1511 82%	$1346 / $1686 78%	286
632	– / $0.90 78%	$0.20 / $0.60 86%	4200	$1692 / $1711 86%	$1525 / $1910 78%	1
27	– / $0.60 78%	– / $0.60 90%	4400	$1891 / $1911 90%	$1705 / $2135 78%	1
144	– / $0.60 78%	– / $0.40 92%	4500	$1992 / $2011 92%	$1794 / $2247 78%	2