Core panels
What the live dashboard is showing.
The dashboard starts with a fitted surface and then layers live market context on top of it. That includes quoted option points by exchange, tenor summaries, node-level views, and calibration health indicators that can explain why a shape changed.
- Variance and volatility smile curves by expiry.
- Interactive 3D surface view for vol or variance.
- Smile matrices with bid, ask, and last-trade IV points.
- RR and fly grids in expiry and tenor modes.
- Fit diagnostics and g-test style fit views.
- Fixed-tenor term-structure rows for normalized maturity views.
- WebSocket snapshots/patches and REST surfaces for approved testers.
Live outputs
The same objects can be exposed through the API.
WebSocket clients receive live surface snapshots and patches, while REST clients can query the latest surface, smile levels, diagnostics, risk nodes, and fixed-tenor term structures.
BTC was verified on the primary live feed. ETH, SOL, XRP, and AVAX have maintained testing configuration; BNB, DOGE, ADA, LTC, and other currencies are not described as active feeds without runtime evidence.
Risk language
What RR and flies mean.
RR means risk reversal. It summarizes skew by comparing implied volatility on an upside call wing with implied volatility on a downside put wing at the same delta or moneyness bucket.
A fly summarizes curvature: how expensive the wings are versus the ATM area of the smile. Together, RR and fly metrics make the live BTC smile easier to scan; the same interpretation applies to configured currencies while they remain in testing.
Fit tab
What the Fit tab shows.
The Fit tab shows the fitted variance view, fitted volatility view, 3D surface projection, and g-test diagnostics published by the engine.
Those diagnostics expose arbitrage conditions: butterfly-style smile checks, calendar consistency across expiries, and fit-error movement over time.
Delivery
Why real-time updates matter.
Surface quality is not static. Quotes move, liquidity shifts, and venue overlays can disagree. A real-time dashboard makes it easier to distinguish structural repricing from transient dislocation, stale venue levels, or temporary calibration stress.
The UI is driven by websocket snapshots and patches. Full snapshots establish the current state, while sparse patches update only the expiries or derived views that changed.