FAQ
Common questions about what onchaingreeks tracks and how.
- What is onchaingreeks?
- onchaingreeks is an analytics dashboard for onchain options. It tracks options-only premium volume, notional volume, open interest, the largest individual trades, and vault TVL across the major onchain options venues, so you can compare venues on a like-for-like basis. The dashboard also has volumes by underlying, so you get a complete breakdown of how much volume each underlying asset drives.
- Which venues does onchaingreeks track?
- It tracks all notable onchain options venues, currently Derive, Aevo, Hypercall, Rysk, Paradex and Hypersurface. Derive, Aevo, Hypercall and Paradex run order books; Rysk and Hypersurface are vault venues whose committed capital shows up as TVL rather than open interest.
- What is the difference between premium volume and notional volume?
- Premium volume is the cash actually paid for options, so the money that genuinely changes hands, and the honest measure of how much business a venue is doing. Notional volume is the face value of what was traded (contract size times the price of the underlying), so it can look large without much money moving. A $200 premium might control $10,000 of exposure.
- How is options premium calculated and where does the data come from?
- Premium is summed from each venue's own options data.
- Is the data options-only?
- Yes. Every figure is filtered to options at the source, and each filter is verified by comparing the filtered response against the unfiltered one. Perps, spot, futures and pre-launch markets are excluded. Several of these venues are multi-product and publish all-product volume by default, so this filtering is done deliberately and checked.
- What is the premium-to-notional ratio?
- The premium-to-notional ratio is premium divided by notional — the price of the options as a share of the exposure they control. It rises with longer time to expiry, strikes closer to at-the-money, and higher implied volatility. Two venues can trade identical notional while serving entirely different flow, and the ratio is where that shows.
- How is open interest measured?
- Open interest is computed as resting contracts times the underlying's price, summed across the book. Vault venues such as Rysk and Hypersurface do not run a continuous order book, so they report no open interest. Their committed capital appears as TVL on the Vault TVL page instead.
- How often is the data updated?
- The data refreshes on a recurring ingest and the dashboard shows a last-updated timestamp. Metrics are served server-side, so the numbers you see are the latest ingested values rather than stale cached figures.
Options-only analytics across onchain options venues — premium and notional volume, open interest, largest trades, and vault TVL for Derive, Aevo, Hypercall, Rysk, Paradex and Hypersurface.