Crypto Gamma Models analyze how option dealers are positioned—and how their hedging activity can influence the direction, velocity, and volatility of price moves. When markets move through key strike zones, dealers are forced to hedge their risk dynamically, creating flows that amplify trends or suppress volatility.

MenthorQ’s Crypto Gamma Models help you:

  • Identify pin zones where price is likely to stall near expiry
  • Spot high gamma flips, where dealer hedging turns trend-reinforcing
  • Time volatility breakouts around OPEX events and gamma compression zones
  • Spot market moves before they happen

What Crypto Assets We Cover

We currently provide real-time and end-of-day gamma models for the most liquid and influential crypto assets:

  • Bitcoin – BTCUSDT, BTCUSD
  • Ethereum – ETHUSDT, ETHUSD
  • Solana – SOLUSDT, SOLUSDC
  • Ripple – XRPUSDT, XRPUSDC
  • Binance Coin – BNBUSDT, BNBUSDC
  • (And more assets coming based on open interest growth)

These assets consistently rank highest in options volume and open interest across the ecosystem, making them ideal candidates for reliable gamma modeling.

What Exchanges we cover

MenthorQ’s Crypto Gamma Models currently support three major derivatives exchanges:

  • Deribit
  • Binance
  • OKX

Together, these platforms account for over 95% of global crypto options and futures volume, giving our models broad coverage of the real flows that move markets.

While all three exchanges offer critical insights, Deribit remains the industry benchmark for crypto options:

  • Supports full strike-by-strike modeling of open interest and gamma flows
  • Hosts the deepest liquidity in BTC and ETH options
  • Offers institutional-grade transparency and expiry mechanics

Deribit is the main source for our modeling and our Gamma Levels will have Deribit as default source.

However we also surface key levels from Binance and OKX, ensuring traders get a complete multi-exchange view—especially when large positioning or expiry risk builds up across platforms. By integrating cross-exchange data, MenthorQ helps you anticipate flow-driven price behavior wherever it emerges—not just where it’s most obvious.

MenthorQ Crypto Models – What You Get Access To

MenthorQ offers a comprehensive toolkit designed to give traders a deep, structured view of the crypto derivatives landscape.

  • Net GEX (Gamma Exposure): Understand where dealer hedging flows are likely to impact price.
  • Net DEX (Delta Exposure): Identify zones of directional pressure based on net option deltas.
  • Option Matrix: Strike-by-strike positioning with calls, puts, OI, volume, and gamma overlays.
  • Gamma Levels: Visualize key inflection points where gamma flips or compresses price action.
  • Swing Levels (5-day and 20-day): Data-backed levels for swing trading based on multi-day setups.
  • Skew, Smile, and Term Structure: Analyze how volatility pricing shifts across strikes and maturities.
  • Volatility Surface (2D/3D): Visual map of implied volatility across strike and time for BTC and ETH.
  • Q-Score: A proprietary quant signal summarizing flow, volatility, and positioning into a directional bias.
  • Volume and Open Interest Models: Track shifts in liquidity, crowd positioning, and sentiment buildup.
Crypto Gamma Models - Crypto Gamma Models
Crypto Gamma Models 5

How Traders Use Our Gamma Models

Traders leverage our crypto gamma models to:

  • Time entries around gamma flips and expiry windows
  • Avoid chasing into dealer-supported price zones
  • Understand Volatility of the asset and direction
  • Build high-conviction strategies using volatility compression and dealer flow

Whether you’re trading delta-one, options, or structured volatility strategies, gamma is the X-ray into market structure you didn’t know you needed.

Final Thoughts

Crypto derivatives are complex—but with the right models, they become predictable. MenthorQ gives traders the same structural tools used by institutional desks, wrapped in a clean, actionable interface. Whether you’re navigating volatility events, spotting flow-driven setups, or managing directional trades, our models help you trade with clarity—not guesswork.

By combining data, structure, and real-time insight, we empower you to stay ahead of the market—not behind it.

Start trading with precision. Start trading with MenthorQ—and turn data into your most valuable trading edge.

The MenthorQ Gamma Models can be used in conjunction with the Crypto Technical Models.