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Risk Indicators.

Measure risk across crypto derivatives and spot markets, from funding rates and open interest to realized volatility, correlation, and implied volatility surfaces.

Manage crypto market risk across derivatives and spot.

Kaiko Risk Indicators combines derivatives risk metrics, realized volatility analytics, and implied volatility modeling to provide comprehensive insights that show how risk is building across spot, futures and options, allowing traders to price, hedge, and size positions on a single consistent dataset.

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  • Read Positioning Across Derivatives Markets
    See where leverage and directional bets are building, using open interest, funding rates, long/short ratios, liquidations and exchange-provided Greeks across futures, perpetuals and options.

  • Put Volatility in Context
    Identify the scale of movements by comparing current volatility with its own history, and size hedges with correlation and beta between assets.

  • Understand What the Options Market Is Pricing
    Track skew, implied against realized volatility and the term structure to see where the market expects risk, and effectively value options opportunities.

  • Price Options From a Consistent Volatility Surface
    Value any strike or expiry, including those between market quotes, with delta and moneyness surfaces, supported further by calibrated SVI models.

How Kaiko Risk Indicators Helps

Kaiko Risk Indicators is used by exchanges, market makers, traders and prime brokers to manage risk across derivatives and spot markets.

  • Advanced Risk Management

    Monitor portfolio risk through multiple dimensions, from volatility surfaces and funding rates to realized volatility and correlation, to support dynamic hedging strategies.

  • Options Market Making

    Price options accurately with implied volatility surfaces, term structures and real-time risk metrics to manage spreads.

  • Hedging and Diversification

    Measure correlation and beta between assets to size hedges and build diversified positions.

  • Arbitrage Detection

    Identify opportunities across venues by comparing implied volatilities, funding rates and other key risk indicators.

  • Strategic Positioning

    Make informed trading decisions with risk analysis covering spot, futures and options markets, including when volatility tends to rise or fall across the calendar.

    • Related Resources

    IV Report

    An exploration of the power of IV, with real-life examples.

    Download now

    Methodology

    Our IV calculation method used in Kaiko Risk Indicators.

    Download now

    Research paper

    An in-depth academic paper on IV. The foundation for our methodology.

    Download now

    Feature
    Basic Tier From $1,000 per month.
    Intermediate - Options From $900 per month.
    Intermediate - Spot From $900 per month.
    Advanced Tier From $2,000 per month.
    Time to expiry
    Open interests
    Options IV and greeks

    Best bid, best ask, mark price, gamma, rho, theta, vega, provided by the exchange.

    Perpetual funding rates

    Current and predicted perpetual funding rates.

    Derivatives contract details
    IV smile
    IV surface
    Token-level liquidation volumes
    Volatility Ratio
    Volatility Cones
    Correlation, Beta and Realized Volatility
    Volatility Seasonality
    24-Hour Volatility Metrics
    Term Structures
    DVOL Analytics
    Variance Risk Premium
    Volatility of Volatility
    Implied vs Realized Volatility
    Request a demo of Kaiko Risk Indicators.

    Learn more about how Kaiko Risk Indicators can power your risk strategy. Request a call with a member of our team.