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Max Pain History
Historical expiry dates, Max Pain levels and spot differentials for Deribit BTC and IBIT.
⚠️ Observable, not predictable
Max Pain is a descriptive metric of the open-interest distribution — not a forecast and not a magnet the spot must follow. We show historical data so you can spot patterns yourself. Not investment advice.
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Trend chart, full expiry table, stats tiles, and upcoming expiries.
Upgrade to Pro🔎 Data sources
Deribit BTC options: Deribit Public API. Uses the last snapshot before expiry — 02:00 UTC on the expiry date, i.e. about 6 hours before the 08:00 UTC settlement. Cash-settled European-style.
Max Pain = strike with the minimum total ITM value across all option writers. No OI filtering.