Biyond Options Analytics
Options analytics, with the assumptions on the table
Where do options dealers flip from damping the market to chasing it? Gamma exposure with flip levels and walls, a live futures term structure, and the full strike-by-expiry matrix. No black box — we show our work.
3
GEX+, Futures Curve, Options Matrix
BTC · ETH
Pairs with Real Options Depth
1,000+
Strike × Expiry Cells Per Currency
Three views, one honest toolkit
GEX+, documented
Net dealer gamma by strike, the flip level and the walls — with the positioning model stated. You can't trade a number you do not understand.
The futures curve
Live term structure across every dated future: mark price, open interest, premium and annualized basis per tenor — contango or backwardation at a glance, with history playback.
The full matrix
Implied volatility, open interest and traded premium across every strike and expiry, calls and puts — see where positioning actually sits, not just a headline number.
How we calculate gamma exposure
GEX is built on an assumption about which side of each option the dealers hold — and different assumptions produce different signs on the same open interest. We state ours, we floor the maths where expiring options distort it, and we label the output descriptive, not predictive. Treat any GEX number — including ours — as a model, not a measurement. We're the only vendor that says that out loud.
Futures curve: the market's own interest rate
The spread between spot and each futures expiry is the cleanest read on positioning appetite in crypto: rich carry says crowded longs, flat or inverted says fear. Biyond charts the whole dated curve live with open interest per tenor and lets you replay how it moved — the view options desks look at first, and the one liquidation-tool vendors don't offer at all.
Strike-by-expiry matrix
The options market's whole board on one screen: implied volatility, call and put open interest, and traded premium across roughly ninety strikes and a dozen expiries per currency. The matrix is the receipts behind the GEX headline — where the walls that shape the gamma profile actually come from.
Graded in the open
The scorecard block on these pages shows how we grade our models in public — our liquidation model's weekly capture rate today, with the options models joining as their record accrues. Model output, measured against what happened, window labeled. Flattering or not.
Where we're honest about the gaps
Options analytics is young at Biyond. Here's exactly how young, and what's coming.
Deribit only
That's where the overwhelming majority of crypto options liquidity lives, so it's where the signal is. CME, OKX and Binance options are not included — if you need CME coverage for an institutional book, we're not your tool yet.
One positioning model (for now)
Our GEX uses a stated dealer-positioning convention. A flow-inferred second model is in research — when it ships you'll see both side by side, and the flip shown as a band rather than false single-number precision.
BTC and ETH only
No altcoin options. Bitcoin and Ether are the pairs with real options markets — we'd rather not chart noise.
Options analytics without the paywall
GEX+, the futures curve and the options matrix are all included in Biyond Basic at $39/month — the same plan that carries the full liquidation stack, quantitative indicators and daily market analysis.
Frequently Asked Questions
Biyond's options analytics are model-based data products built on Deribit market data. Gamma exposure, flip levels and related metrics are estimates that depend on stated modeling assumptions; they are not investment advice or price predictions. Options trading involves substantial risk.
Options analytics, minus the mystique
See the levels, the assumptions behind them and the scorecard — free account, no card required.
Biyond Trader LLC is strictly a research publishing firm. We do not provide individual investment advice. This service is not registered with any financial regulatory agency such as the FSA in the UK or NASD, SEC, or NYSE in the US. The information we publish is educational only and based on our opinions plus our quantitative models, statistical and financial data and independent research. By using our services you acknowledge that we do not provide personalized recommendations or advice. Alternative asset classes are volatile investments and carry significant risk. Consult your financial advisor before making financial decisions.