Flow DEX API - Live Delta Exposure Per Strike - FlashAlpha Lab API
Lab API Flow DEX

Flow DEX API

Live delta exposure: net total and per-strike profile, computed on effective OI.

Endpoint

GET /v1/flow/dex/{symbol}
Auth required (X-Api-Key) Rate Limited: Yes Growth plan+

Parameters

Name In Required Default Description
symbol path yes - Underlying symbol
expiry query no all expiries Filter chain to a single expiry (yyyy-MM-dd). Omit to aggregate across all expiries
curl -H "X-Api-Key: YOUR_API_KEY" \
  "https://lab.flashalpha.com/v1/flow/dex/SPY"
import requests

resp = requests.get(
    "https://lab.flashalpha.com/v1/flow/dex/SPY",
    headers={"X-Api-Key": "YOUR_API_KEY"}
)
data = resp.json()
print(f"Live net DEX: ${data['live_net_dex']:,.0f}")
const resp = await fetch(
  "https://lab.flashalpha.com/v1/flow/dex/SPY",
  { headers: { "X-Api-Key": "YOUR_API_KEY" } }
);
const data = await resp.json();
console.log(`Live net DEX: $${data.live_net_dex.toLocaleString()}`);

Response

{
  "symbol": "SPY",
  "as_of": "2026-05-12T18:42:10Z",
  "underlying_price": 597.505,
  "expiry": "2026-05-15",
  "live_net_dex": -480000000,
  "strikes": [
    {
      "strike": 595.0,
      "call_dex": 5800000,
      "put_dex": 4400000,
      "net_dex": 10200000
    }
  ]
}

Key Response Fields

Field Type Description
symbolstringUnderlying symbol
as_ofstringISO 8601 timestamp
underlying_pricenumberCurrent price of underlying
live_net_dexnumberNet delta exposure across strikes, computed on effective OI
strikesarrayPer-strike call DEX, put DEX, and net DEX on effective OI

About Flow DEX

Flow DEX is the live counterpart to /v1/exposure/dex. The settled version uses morning OPRA-broadcast OI and stays frozen all day; this endpoint runs the same delta-exposure math on the OI simulator's effective open interest, so net DEX and the per-strike profile keep moving as positioning shifts. Use it to track directional dealer hedging pressure in real time.

Common Use Cases

  • Intraday directional bias - watch net DEX flip sign mid-session
  • Dealer hedging flow estimate - delta exposure pairs with GEX to size expected hedge volume
  • Skew detection - compare per-strike call DEX vs put DEX to surface call-skewed or put-skewed positioning
  • Settled vs live diff - see where directional positioning has actually moved since the open

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