Volmex has launched a perpetual contract tied to its Bitcoin implied volatility index, BVIV, on Hyperliquid, according to a post from Bitcoin News on X. The product is built from options data on Deribit and OKX and is designed to track traders’ expectations for Bitcoin’s price swings over the next 30 days, rather than the direction of the spot market itself. Recent BVIV readings were described as sitting in the mid-to-upper 30s range. The contract settles at 1 USDC per index point, uses isolated margin, and offers leverage of up to 5x. It also includes an hourly funding rate and an open interest cap during the initial listing period. The launch adds a volatility-linked derivatives product to Hyperliquid’s lineup, giving traders a way to take positions on expected Bitcoin volatility instead of betting directly on spot price movement.
Volmex has listed a perpetual contract for its Bitcoin implied volatility index, BVIV, on Hyperliquid, according to a post by Bitcoin News on X.
The contract is based on options data from Deribit and OKX. It is meant to reflect traders’ expectations for Bitcoin volatility over the next 30 days, not the direction of Bitcoin’s spot price. Recent BVIV readings were in the mid-to-upper 30s range.
Under the contract terms, each index point settles at 1 USDC. The product uses isolated margin, supports leverage of up to 5x, and includes an hourly funding rate as well as an open interest cap during the initial launch period.
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