BTC: Options to Futures Open Interest (All Assets)
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
Options open interest of every coin with listed options we cover, as a percentage of all futures open interest.
Why use it. Shows how much of the market's positioning sits in options, where dealers hedge and expiries pin prices, against futures, where leverage is liquidated. How to read it. A rising share means options carry more of the market's bets, so expiries and dealer hedging matter more.
Calculation. Per period: 100 x the summed options open interest in USD (Deribit, OKX and Bybit option chains) / the summed futures open interest of every coin. Source: our own minute-by-minute collection of public futures data across every coin with perpetual futures that CryptoKeyhole covers, from Binance, Bybit, OKX, Deribit, Kraken, Bitfinex, Bitget, Gate, Hyperliquid, KuCoin, HTX, Crypto.com and Coinbase (open interest, funding, and the public liquidation feeds we collect), and our own USD price indexes. Each coin counts with the same values its own charts show. The series start on 24 October 2026, the first day our collection held every coin's open interest, funding, liquidations and price; a coin added later joins on the day its collection begins. A period appears once nine in ten of the coins have published it, so the open hour can trail by a few minutes. Venues we do not collect are not included, so totals understate the whole market.