Deribit's FRONT ether expiry — the one that dies next — photographed every hour: the strike that maximises pain, the put-call ratio, and the volatility the market charges at the money. It is one expiry, not the whole board, and it rolls.
$2,450 max pain and the ether price · max pain strike on Oct-22 2026, the last day in this build, measured and published by askthetape.com.
We show the strike where the open contracts in the front expiry would have the smallest combined payout. Traders call that number max pain and argue about whether price gets pulled toward it. We photograph the ether board every hour and print the number, with the put-call ratio next to it and the volatility the market is charging at the money. One thing to hold on to: what is photographed is the FRONT expiry, the contract dying next — on every one of the 213 days in this capture the nearest expiry was one day out. It empties as it expires and refills when the next one rolls in, so read the level within a stretch, not across a roll.
| leg | `deribit_options_snapshots` — own snapshot of the full board: max pain, put-call by volume and by open interest, at-the-money implied volatility, skew |
|---|---|
| cadence | measured: median 3,600 s between snapshots, 24 a day — hourly, not five-minute. 🩸 it is not a full 24 on every day: 36 of the 213 days hold fewer than 24 hourly rows, 98 hours missing in total, worst 2026-03-25 with 10 of 24. |
| since | 2026-03-25 |
| history | This series starts on Mar-25 2026: it is our own capture of the option board; Deribit publishes no earlier history. |
| policy | 🩸 the board in this capture is ETHER ONLY — the payload carries the ether price and ETH- instruments, there is no bitcoin leg in it. The title says ether and no badge on this page implies bitcoin. 🩸 and it is ONE expiry, not the whole board: measured on this build, the nearest expiry was exactly one day out on 213 of 213 days, so the open-interest lines are the front contract's book and they reset on every roll — day-to-day changes across a roll are not comparable and this page does not ask you to compare them. · export: whole history |
| volatility | the volatility view draws the day's CLOSE with the day's low and high around it — the file also carries a day-mean, and it is a different number (median gap 6.1 volatility points, equal on 0 of 213 days), so the label says close and the close is what is drawn. |
| later | the same snapshot carries the whole expiry ladder and the top five strikes; neither is on this page yet |
| hourly window | prod deribit_options_snapshots, last snapshot of each hour · since 2026-03-25 14:00Z by data, 5,014 hours with data inside a 5,096-hour span → 2026-10-23 21:00Z (the Tape and Desk windows draw up to 400 days of that, never more than we hold) · captured 2026-10-23T21:21:56Z |
| this build | data to Oct-22 2026 |
| policy | no backfill · read it here · export: whole history |
The chart itself is drawn in the browser: turn JavaScript on to hover a day, pick a window and draw your line. The numbers above come from the last build, Oct-23 2026 21:24Z.
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