What is Bitcoin Volmex Implied Volatility Index?
The Bitcoin Volmex Implied Volatility Index (BVIV) measures how much the bitcoin options market expects bitcoin's price to swing over the next 30 days, shown as an annualized percentage. It works in a similar way to the VIX for U.S. stocks. It is published by Volmex and tends to rise when traders expect larger price moves.
The mkts:BVIV perpetual tracks the price of Bitcoin Volmex Implied Volatility Index, settles in USDC and never expires. It is listed on Markets By Kinetiq, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 5× leverage, around the clock.
Contract details
- Market
mkts:BVIVon Markets By Kinetiq (builder exchange)- Tracks
- The price of Bitcoin Volmex Implied Volatility Index
- Settlement
- USDC, no expiry
- Leverage
- 5× at any size
- Margin
- Isolated only
- Size step
- 0.01 BVIV
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.115% market, 0.055% limit
- Trading hours
- Around the clock, every day
Size a BVIV trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 42.548, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 41.697
- Size
- 9.71 BVIV ($413.93)
- Loss at the stop, fees included
- $10.00
- Leverage
- 5× isolated, $82.79 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about BVIV
What is the maximum leverage on BVIV?
5×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on BVIV?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade BVIV on Hypurr Desk?
At the exchange's base tier, 0.115% of the position value for market orders and 0.055% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Can I trade Bitcoin Volmex Implied Volatility Index when its home market is closed?
Yes. The perpetual trades around the clock, every day, including weekends and holidays. Prices can jump when the main market reopens, so a stop may fill away from its price.
Do I own Bitcoin Volmex Implied Volatility Index when I trade this market?
No. A perpetual tracks the price of Bitcoin Volmex Implied Volatility Index and settles gains and losses in USDC. You never hold the underlying asset, and positions can be closed out if losses use up their margin.