Gauge market sentiment with Implied Volatility
Evaluate the market outlook for various dates using our Kaiko Derivatives Risk Indicators solution. IV provides one figure that accounts for options contracts with various strikes and expiries, enabling a more accurate view of the overall market sentiment. For example, if an IV curve is steep to the left, this suggests the prevailing market sentiment sees prices falling.

How to build the request
With the Implied Volatility smile endpoint, you can use the following parameters. This example calculates just one expiry, but you can also run a script locally to request and combine expiries like the chart above. Contact our operations team for support with this.
base
btc
quote
usd
exchange
drbt
value_time
2024-09-25T10:20:09.224Z
expiry
2024-06-28T00:00:00.000Z
deltas
0.05
You can find specific asset codes from our instruments explorer or reference data.
Example request
Here's an example of an HTTP string request using the values above.
https://us.market-api.kaiko.io/v2/data/analytics.v2/implied_volatility_smile?base=btc"e=usd&value_time=2024-09-09T14:00:00.000Z&expiry=2024-10-25T00:00:00.000Z&exchanges=drbt&strikes=30000,40000,50000,60000,70000,80000,90000,100000
When you receive your response, search for the following fields to find the data you need:
implied_volatilities_strike
implied_volatilities_implied_volatility
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