ETH 25SEP26 Options Chain

ETH options expiring 25SEP26, 18 days out, with the forward at $2,504. Open interest is $1B in calls and $773M in puts, put/call 0.64, and max pain is $2,150. At-the-money implied volatility is 49.4%. 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	$984 / $1245 79%	$1093 / $1114 98%	1400	$0.20 / $0.40 98%	$0.10 / $0.70 79%	6819
1065	$895 / $1134 79%	$993 / $1014 90%	1500	$0.40 / $0.60 90%	$0.30 / $1.00 79%	9877
231	$805 / $1022 79%	$894 / $914 83%	1600	$0.80 / $1.80 83%	$0.70 / $1.30 79%	1887
381	$716 / $910 76%	$795 / $815 76%	1700	$1.20 / $1.60 76%	$1.10 / $1.40 76%	1490
0	$671 / $854 73%	–	1750	–	$1.00 / $2.10 73%	245
454	$625 / $799 71%	$695 / $716 71%	1800	$1.80 / $2.00 71%	$1.70 / $2.50 71%	1361
97	$581 / $742 68%	$646 / $666 68%	1850	$2.40 / $2.60 68%	$2.30 / $3.00 68%	742
1466	$553 / $688 66%	$596 / $617 65%	1900	$3.00 / $3.20 65%	$2.90 / $3.70 66%	1676
145	$509 / $633 64%	$548 / $568 63%	1950	$4.00 / $4.80 63%	$3.90 / $4.60 64%	508
1641	$465 / $579 61%	$499 / $519 61%	2000	$5.20 / $6.20 61%	$5.30 / $5.90 61%	4800
4	$456 / $465 59%	$451 / $471 58%	2050	$7.00 / $8.00 58%	$6.90 / $7.70 59%	407
667	$379 / $470 57%	$402 / $423 56%	2100	$9.40 / $10.20 56%	$9.00 / $10.10 57%	464
21	$361 / $372 55%	$357 / $377 54%	2150	$12.80 / $13.80 54%	$12.20 / $13.60 55%	395
3233	$317 / $328 53%	$312 / $331 53%	2200	$17.60 / $18.80 53%	$16.80 / $18.30 53%	1485
358	$274 / $283 51%	$268 / $288 51%	2250	$24.40 / $25.80 51%	$23.30 / $25.10 51%	282
644	$233 / $243 50%	$229 / $247 50%	2300	$33.40 / $35.00 50%	$32.40 / $34.60 50%	432
0	–	$192 / $210 50%	2350	$45.60 / $47.40 50%	–	1
0	–	$185 / $203 50%	2360	$48.60 / $51.00 50%	–	8
0	–	$171 / $189 50%	2380	$54.00 / $57.00 50%	–	50
3229	$163 / $170 48%	$158 / $174 49%	2400	$61.00 / $64.00 49%	$60.40 / $63.30 48%	563
2	–	$146 / $162 49%	2420	$69.00 / $72.00 49%	–	6
0	–	$140 / $145 49%	2440	$77.00 / $80.00 49%	–	0
0	–	$134 / $139 49%	2450	$81.00 / $84.00 49%	–	3
2040	$108 / $112 48%	$109 / $113 49%	2500	$105 / $109 49%	$105 / $109 48%	311
2	–	$88.00 / $91.00 50%	2550	$133 / $137 50%	–	0
767	$69.40 / $73.30 50%	$70.00 / $73.00 50%	2600	$165 / $171 50%	$164 / $172 50%	581
0	–	$56.00 / $59.00 51%	2650	$194 / $212 51%	–	0
646	$43.70 / $46.40 52%	$45.20 / $46.80 52%	2700	$233 / $251 52%	$238 / $246 52%	0
0	–	$36.00 / $37.60 53%	2750	$273 / $292 53%	–	0
1887	$27.90 / $30.00 54%	$28.80 / $30.40 54%	2800	$315 / $335 54%	$320 / $331 54%	62
23	–	$23.00 / $24.60 55%	2850	$359 / $380 55%	–	0
753	–	$18.60 / $20.00 56%	2900	$407 / $426 56%	–	1
2381	$12.20 / $13.70 59%	$12.20 / $13.20 58%	3000	$498 / $519 58%	$504 / $515 59%	16
24	–	$8.20 / $9.20 61%	3100	$596 / $616 61%	–	0
775	$5.90 / $7.20 65%	$5.80 / $6.60 63%	3200	$693 / $713 63%	$638 / $789 65%	0
22	–	$4.20 / $4.80 66%	3300	$790 / $811 66%	–	1
90	$3.10 / $4.30 69%	$3.00 / $3.40 69%	3400	$889 / $910 69%	$818 / $1011 69%	30
161	$2.30 / $3.40 71%	$2.20 / $2.80 71%	3500	$990 / $1009 71%	$894 / $1122 71%	0
161	$1.60 / $2.70 73%	$1.60 / $2.00 74%	3600	$1089 / $1109 74%	$982 / $1233 73%	0
314	$0.30 / $1.70 77%	$0.60 / $1.40 77%	3800	$1287 / $1308 77%	$1163 / $1457 77%	0
383	– / $1.20 78%	$0.40 / $1.00 82%	4000	$1486 / $1506 82%	$1342 / $1681 78%	286
649	– / $0.80 78%	$0.20 / $0.60 85%	4200	$1686 / $1707 85%	$1521 / $1905 78%	1
27	– / $0.60 78%	– / $0.60 89%	4400	$1886 / $1907 89%	$1701 / $2129 78%	1
144	– / $0.50 78%	– / $0.40 91%	4500	$1986 / $2007 91%	$1791 / $2242 78%	2