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Derivatives Risk Indicators.

Monitor derivatives market dynamics with precision. Calculate custom implied volatility smiles and surfaces, assess liquidations at an asset-level, and get comprehensive contract-level metrics including open interest, funding rates, and Greeks.

Manage derivatives risk with confidence.

Kaiko Derivatives Risk Indicators are built for risk management, providing you with an implied volatility estimate of any crypto asset with user-provided criteria, as well as other contract-specific risk metrics.


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  • Complete Risk Management
    Analyze derivatives risk through multiple lenses – from IV smiles and surfaces to funding rates, open interest, and Greeks.

  • Comprehensive Real-time Coverage
    Access data on 200k+ derivatives contracts including all BTC, ETH, SOL, MATIC, and XRP instruments across major exchanges and get minute-by-minute updates through a reliable API.

  • Liquidation Insights
    Compare liquidations between exchanges, aggregated at the asset-level to risk-assess directional market pressure or spot directional imbalances between exchanges and assets.

  • Flexible Volatility Calculations
    Calculate implied volatility for any listed strike price or expiry date using strikes, deltas, or moneyness. Get values for strikes and expiries that sit between market quotes using space and time interpolation.

How Kaiko DERIVATIVES RISK INDICATORS Helps

Kaiko Derivatives Risk Indicators is used by various market players such as exchanges, market makers, traders, and prime brokers to manage derivatives risk strategy.

  • Advanced Risk Management

    Monitor portfolio risk through multiple dimensions, from volatility surfaces to funding rates, enabling dynamic hedging strategies.

  • Market Making Excellence

    Price options accurately with comprehensive IV analysis and real-time risk metrics for optimal spread management.

  • Arbitrage Detection

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

  • Strategic Positioning

    Make informed trading decisions with multi-dimensional risk analysis covering both options and futures markets.

    • 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 Derivatives Risk Indicators.

    Download now

    Research paper

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

    Download now

    Subscription Tiers

    Our tiers come in flexible Small, Medium, Large, and Full packs that determine how many tickers you can choose from our coverage. A “ticker” represents an individual trading contract with five components: base currency, quote currency, exchange, contract type, and contract size. For example, a ticker might be BTC–USD–Binance–Futures–0.001.

  • Basic Tier

    Assess Risk Using Exchange-Provided Data

    From $1,000

    per month.

    Small ticker pack price.

    Get Started

    Our basic pack:
    • ✓ Time to expiry
    • ✓ Open interests
    • ✓ Options IV & Greeks – best bid, best ask, mark price, gamma, rho, theta, vega, provided by the exchange
    • ✓ Perpetual funding rates – current and predicted

  • Advanced Tier

    Assess Risk Using Our Advanced Methodologies

    From $2,000

    per month.

    Small ticker pack price.

    Get Started

    Basic pack, plus:
    • ✓ Flexible IV smile or surface calculation using a robust methodology
    • ✓ Calculate IV using strikes, deltas, or forward log moneyness
    • ✓ Compare IV across exchanges
    • ✓ Compare IV across expiries
    • ✓ Compute IV for unlisted strikes and expiries – requires an existing market
    • ✓ Token-level liquidation volumes
    • Request a demo of Kaiko Derivatives Risk Indicators.

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