The Options Engine
Crypto Never Had
Zero competition in crypto-options analytics. Others stop at gamma. We go 37 Greeks deep. We detect mispriced options. We see crashes 20 minutes early. We have data nobody else has.
TradFi Tools Were
Never Built for This
Market hours. Predictable volatility. Deep liquidity. Central clearing.
Traditional options platforms assume all of this. Crypto has none of it.
So we started over. No retrofitting Bloomberg terminals. No forcing TradFi models onto 24/7 markets. A valuation engine built from first principles for assets that trade at 3am on Christmas, spike 40% in an hour, and have order books that vanish in seconds.
Different market. Different math. Different tools.
One Option Is Noise.
Hundreds Together Are Signal.
This is the core idea behind ORIA (Options Reusable Intelligence Architecture). We don't analyze options one by one. We group them. 2,500+ options clustered into 24 risk cohorts per asset. Moneyness × expiration × liquidity. Then we watch how cohorts behave together.
Gamma concentrating in one corner. Vanna flipping sign across the surface. 4th-order Greeks spiking in patterns that precede liquidation cascades.
Self-learning thresholds adapt to each volatility regime. What triggers an alert at 60% IV is noise at 150% IV. The system knows the difference.
Result: Regime breaks detected 10-30 minutes before price confirms.
Every Option Repriced.
Every Cycle.
We go beyond Black-Scholes across every active option on Deribit. For a reason. Market price vs. theoretical price. The gap is opportunity.
Mispricing Detection
Market diverges from theoretical value. You see it in real time. Not after the fact.
Surface Anomalies
Put-call parity violations. Calendar spread inefficiencies. Cross-strike arbitrage. Scanned automatically.
Early Exercise Advantage
American-style pricing models flag when holding costs exceed continuation value. Know when to act.
Reliability Scoring
Not all options are equal. Each one scored for data quality, liquidity, pricing confidence. Trust the right signals.
Markets show prices. We show value.
Crypto-Data You
Cannot Buy Elsewhere
This is not repackaged exchange data. These metrics do not exist in any terminal, any API, any competitor.
Liquidity-Adjusted Greeks
Theoretical Greeks assume infinite liquidity. Ours don't. Know what you can actually execute.
Gamma Pinning Analytics
GEX by strike, flip levels, suppression and amplification zones. The gravitational map of options flow.
Regime-Aware Timing
Know when spreads tighten. Know when they blow out. Enter when conditions favor you.
Portfolio Greek Evolution
Watch your book's exposure shift as the market moves. Spot concentration risk before it becomes a problem.
Every 10 minutes, ORIA transforms
market chaos into structured intelligence.
Ingest
Full option chain from Deribit. Order book to level 1,000. Every cycle. 24/7. No gaps.
Evaluate
Black-Scholes repricing. 37 Greeks calculated. Liquidity scored. Reliability flagged. Per option.
Cluster
24 risk cohorts per asset. Liquidity-weighted aggregation. Cross-cohort flow tracked.
Detect
35 Greek ratios monitored. Self-learning emergency thresholds. Regime breaks flagged before price moves.
Built for Quants.
Not Gamblers.
If you want "signals" or "easy alpha" — wrong place.
Prop Desks
Running crypto options books and needing real-time Greek exposure.
Quant Researchers
Building derivatives strategies on data that didn't exist before.
Risk Managers
Monitoring portfolio Greeks across strikes, expirations, and regimes.
Market Makers
Tracking surface dynamics and liquidity shifts.
We provide institutional-grade data. You make the calls.
Explore Our Options Data
From fourth-order derivatives to flash crash predictors. Surface dynamics to emergency thresholds. See the full scope of what we calculate and how it compares.
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