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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-30OCT26-1.75-CDerive$0.02Deribit$0.03$0.0019.7 bps10000$28
XRP-30OCT26-1.8-CDerive$0.02Deribit$0.02$0.0019.7 bps10000$28
XRP-30OCT26-1.7-CDerive$0.03Deribit$0.03$0.0016.1 bps10000$23
XRP-30OCT26-1.65-CDerive$0.04Deribit$0.04$0.0015.4 bps10000$22
XRP-30OCT26-1.9-CDerive$0.01Deribit$0.02$0.0015.4 bps10000$22
XRP-30OCT26-1.55-CDerive$0.06Deribit$0.06$0.009.0 bps10000$13
XRP-30OCT26-1.6-CDerive$0.05Deribit$0.05$0.006.1 bps10000$9
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$494.6962.3 bpssell BTC-20270326-60000-C @22330.00, buy BTC-20270326-60000-P @2373.00, long perp @79375.00
DeriveETH26MAR271800conversion$13.2653.3 bpssell ETH-20270326-1800-C @823.60, buy ETH-20270326-1800-P @117.60, long perp @2490.00
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
DeribitBTC25JUN2729130000 / 54000-2.43%+2.22%
DeribitETH25JUN272912600 / 3300-2.45%+4.23%
DeribitBTC26MAR2720078000 / 102000-3.28%+4.10%
DeribitETH26MAR272001500 / 2200-4.14%+4.76%
DeribitBTC27NOV268160000 / 84000-6.25%+7.18%
DeriveBTC25DEC2610975000 / 95000-6.25%+15.25%
DeribitTRX25DEC261090.3 / 0.35-6.34%+8.17%
DeribitAVAX25DEC261098 / 10-6.88%+13.94%
DeribitETH27NOV26811600 / 2350-7.18%+9.32%
DeriveETH27NOV26811800 / 2500-7.30%+13.89%
DeribitBTC25DEC2610984000 / 108000-7.82%+8.72%
DeriveBTC27NOV268165000 / 85000-8.01%+16.25%
DeribitETH25DEC261092700 / 3400-8.05%+9.73%
DeriveBTC30OCT265382000 / 105000-9.62%+17.26%
DeribitXRP25DEC261091.35 / 1.7-9.62%+11.39%
DeriveETH25DEC261092300 / 2800-11.16%+15.17%
DeriveETH30OCT26531800 / 2500-11.45%+16.87%
DeribitSOL25DEC26109100 / 118-13.27%+25.67%
DeribitAVAX30OCT26537.2 / 9.5-13.51%+18.69%
DeribitBTC30OCT265379000 / 102000-14.87%+15.66%
DeribitETH30OCT26531900 / 2650-14.93%+16.21%
DeribitTRX30OCT26530.31 / 0.37-21.01%+14.00%
DeribitHYPE25DEC2610972 / 98-23.72%+31.99%
DeriveHYPE30OCT265392.5 / 115-25.19%+52.44%
DeriveBTC25SEP261858000 / 80000-25.86%+40.06%
DeriveSOL25DEC26109120 / 150-26.08%+35.66%
DeriveHYPE25DEC2610970 / 96-26.49%+45.47%
DeribitXRP30OCT26531.34 / 1.58-27.31%+28.43%
DeribitHYPE30OCT265384 / 100-29.79%+37.94%
DeribitSOL30OCT2653101 / 114-37.53%+56.77%
DeribitBTC25SEP261880000 / 102000-39.11%+47.93%
DeriveETH25SEP26182100 / 2800-40.42%+42.73%
DeribitETH25SEP26181850 / 2550-44.99%+48.99%
DeriveSOL30OCT265395 / 126-45.81%+58.69%
DeriveHYPE25SEP261866 / 90-72.36%+68.84%
DeribitAVAX25SEP26187.2 / 8.5-73.19%+79.17%
DeriveXRP30OCT26531.25 / 1.6-76.61%+83.07%
DeribitTRX25SEP26180.32 / 0.35-109.61%+90.77%
DeribitXRP25SEP26181.35 / 1.5-140.48%+136.26%
DeriveSOL25SEP261895 / 120-166.69%+190.47%
DeriveXRP25SEP26181.3 / 1.7-187.57%+204.30%
DeribitHYPE25SEP261880 / 92-201.66%+199.24%
DeribitSOL25SEP2618102 / 108-233.34%+342.43%