{"schemaVersion":1,"asset":"HYPE","reportDate":"2026-11-03","sourceSelectionPolicy":"last-good-as-of-v1","freshness":{"status":"available","ageMinutes":0,"maximumAgeMinutes":180},"timestamps":{"currentSnapshotAt":"2026-11-03T17:31:00+00:00","previousSnapshotAt":"2026-11-02T17:31:00+00:00","generatedAt":"2026-11-03T19:03:25+00:00","referenceCutoffAt":"2026-11-03T17:31:00+00:00"},"comparison":{"status":"available","note":null},"provenance":{"reportArtifact":"published daily report","sourceReport":"ALTS","sourceReportHref":"/reports/altcoins/2026-11-03","source":"Stored Derivasys SVI surfaces","comparison":"Latest successful snapshot within three hours at or before the edition reference cutoff versus the nearest successful snapshot 24 hours earlier, within a one-hour tolerance.","rrConvention":"25-delta risk reversal","bfConvention":"(iv25Call + iv25Put) / 2 - ivAtm","originalBfConvention":null,"fixedTenors":"Published ALTS tenor grid","realisedVolatility":null,"sourceSnapshot":{"status":"available","unavailableReason":null,"capturedArtifact":{"version":1,"kind":"capturedSurfaceInputs","revision":"captured-surface-inputs-v1:sha256:dd3087544775f9d9f00ec43d921b440014d281773cf5f68888489d734bd87d7f","sha256":"dd3087544775f9d9f00ec43d921b440014d281773cf5f68888489d734bd87d7f","url":"/data/hype/2026-11-03/source-snapshot.json?sha256=dd3087544775f9d9f00ec43d921b440014d281773cf5f68888489d734bd87d7f&reportSha256=5244005616cf3a43d37c7d01ac1e21d527cc20d454fcc53043b3f84bcff190e1","publishedReportSha256":"5244005616cf3a43d37c7d01ac1e21d527cc20d454fcc53043b3f84bcff190e1","scope":"fetched fit-run and surface inputs; not an original database revision or raw quotes","nativeRunIdentity":{"current":{"id":858481,"timestamp":"2026-11-03T17:31:00+00:00"},"previous":{"id":848435,"timestamp":"2026-11-02T17:31:00+00:00"},"table":"surface_fit_runs"},"bf25Basis":"canonical-bf25","originalCapture":true,"verification":"SHA-256 of exact captured bytes, tagged input types, native run identity/clocks and consumed tenor nodes; no SVI refit or raw-quote validation"},"originalDatabase":{"status":"unknown","sha256":null,"revision":null}}},"bf25Presentation":{"version":1,"kind":"derivedBf25Presentation","status":"available","originalBasis":"canonical-bf25","unavailableReason":null,"definition":{"version":"average-wing-minus-atm-v1","formula":"(iv25Call + iv25Put) / 2 - ivAtm","fullFlyFormula":"iv25Call + iv25Put - 2 * ivAtm","unit":"volatility points","conversionMethod":"verified-captured-explicit-bf25-else-decimal-full-fly-half-v1","rounding":"native six-place operands; four-place endpoints/change; two-place percent change","verification":"Exact capture hash, native builder/endpoints and rounded captured wing consistency; no raw-quote or SVI refit validation"},"lineage":{"asset":"HYPE","reportDate":"2026-11-03","reportSha256":"5244005616cf3a43d37c7d01ac1e21d527cc20d454fcc53043b3f84bcff190e1","reportUrl":"https://d1lo1ty2ac77zf.cloudfront.net/v1/alts/daily/2026-11-03/5244005616cf3a43d37c7d01ac1e21d527cc20d454fcc53043b3f84bcff190e1.json","captureSha256":"dd3087544775f9d9f00ec43d921b440014d281773cf5f68888489d734bd87d7f","captureRevision":"captured-surface-inputs-v1:sha256:dd3087544775f9d9f00ec43d921b440014d281773cf5f68888489d734bd87d7f","currentSnapshotAt":"2026-11-03T17:31:00+00:00","previousSnapshotAt":"2026-11-02T17:31:00+00:00","currentSnapshotId":858481,"previousSnapshotId":848435,"currentEndpointProjectionSha256":"8f026c8f4891b07b9397d7dc2a122017a927666a73a4dcc1df82cec32d3c86a6","previousEndpointProjectionSha256":"5333c2c05ba4321dadb6582f7f51c492012df9a95e47934730a3b8df5a5d8fd7"},"tenors":[{"tenor":"1W","status":"available","unavailableReason":null,"bf25":{"change":-0.21,"current":1.38,"percentChange":-13.21,"previous":1.59},"fullFly25":{"current":2.76,"previous":3.17,"change":-0.41,"percentChange":-12.93},"sources":{"current":"explicit-bf_25","previous":"explicit-bf_25"},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"2W","status":"available","unavailableReason":null,"bf25":{"change":-0.04,"current":1.47,"percentChange":-2.65,"previous":1.51},"fullFly25":{"current":2.94,"previous":3.01,"change":-0.07,"percentChange":-2.33},"sources":{"current":"explicit-bf_25","previous":"explicit-bf_25"},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"1M","status":"available","unavailableReason":null,"bf25":{"change":0.18,"current":1.59,"percentChange":12.77,"previous":1.41},"fullFly25":{"current":3.18,"previous":2.82,"change":0.36,"percentChange":12.77},"sources":{"current":"explicit-bf_25","previous":"explicit-bf_25"},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"3M","status":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"sources":{"current":null,"previous":null},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"6M","status":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"sources":{"current":null,"previous":null},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"9M","status":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"sources":{"current":null,"previous":null},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}},{"tenor":"1Y","status":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"sources":{"current":null,"previous":null},"wingVerification":{"current":"matched-rounded-captured-nodes","previous":"matched-rounded-captured-nodes"}}],"derivationSha256":"f9d0d0fbd6d51e556e66761ddf7db7c7392b5455348fc79e14ee0a2334c0d0bb"},"metricDefinitions":{"bf25":{"version":"average-wing-minus-atm-v1","formula":"(iv25Call + iv25Put) / 2 - ivAtm","fullFlyFormula":"iv25Call + iv25Put - 2 * ivAtm","unit":"volatility points","conversionMethod":"verified-captured-explicit-bf25-else-decimal-full-fly-half-v1","rounding":"native six-place operands; four-place endpoints/change; two-place percent change","verification":"Exact capture hash, native builder/endpoints and rounded captured wing consistency; no raw-quote or SVI refit validation"}},"tenors":[{"tenor":"1W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"change":-0.23,"current":69.18,"percentChange":-0.33,"previous":69.41},"rr25":{"change":2.29,"current":3.12,"percentChange":275.9,"previous":0.83},"bf25":{"change":-0.21,"current":1.38,"percentChange":-13.21,"previous":1.59},"fullFly25":{"current":2.76,"previous":3.17,"change":-0.41,"percentChange":-12.93},"bf25Status":"available","bf25UnavailableReason":"authenticated-bf25-source-unavailable"},{"tenor":"2W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"change":1.03,"current":67.27,"percentChange":1.55,"previous":66.24},"rr25":{"change":2.63,"current":3.6,"percentChange":271.13,"previous":0.97},"bf25":{"change":-0.04,"current":1.47,"percentChange":-2.65,"previous":1.51},"fullFly25":{"current":2.94,"previous":3.01,"change":-0.07,"percentChange":-2.33},"bf25Status":"available","bf25UnavailableReason":"authenticated-bf25-source-unavailable"},{"tenor":"1M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"change":2.21,"current":65.87,"percentChange":3.47,"previous":63.66},"rr25":{"change":3.56,"current":4.14,"percentChange":613.79,"previous":0.58},"bf25":{"change":0.18,"current":1.59,"percentChange":12.77,"previous":1.41},"fullFly25":{"current":3.18,"previous":2.82,"change":0.36,"percentChange":12.77},"bf25Status":"available","bf25UnavailableReason":"authenticated-bf25-source-unavailable"},{"tenor":"3M","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"change":null,"current":null,"percentChange":null,"previous":null},"rr25":{"change":null,"current":null,"percentChange":null,"previous":null},"bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25Status":"unavailable","bf25UnavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed."},{"tenor":"6M","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"change":null,"current":null,"percentChange":null,"previous":null},"rr25":{"change":null,"current":null,"percentChange":null,"previous":null},"bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25Status":"unavailable","bf25UnavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed."},{"tenor":"9M","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"change":null,"current":null,"percentChange":null,"previous":null},"rr25":{"change":null,"current":null,"percentChange":null,"previous":null},"bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25Status":"unavailable","bf25UnavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed."},{"tenor":"1Y","targetExpiry":null,"availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"change":null,"current":null,"percentChange":null,"previous":null},"rr25":{"change":null,"current":null,"percentChange":null,"previous":null},"bf25":{"change":null,"current":null,"percentChange":null,"previous":null},"fullFly25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25Status":"unavailable","bf25UnavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed."}],"realisedVolatility":{"source":"canonical/HYPE-USDC-INDEX (DERIBIT and OKX indexes)","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-11-03T17:31:00+00:00","spotMove24hPercent":2.89,"rv24hPercent":85.82,"rv7dPercent":94.48,"rv30dPercent":69.86,"observations":{"24h":1440,"7d":10080,"30d":43200},"coverage":{"24h":{"coveragePercent":100,"expectedReturns":1440,"largestMissingRunMinutes":0,"missingIntervals":0,"missingPriceMinutes":0,"observedReturns":1440,"status":"complete","unavailableReason":null},"30d":{"coveragePercent":100,"expectedReturns":43200,"largestMissingRunMinutes":0,"missingIntervals":0,"missingPriceMinutes":0,"observedReturns":43200,"status":"complete","unavailableReason":null},"7d":{"coveragePercent":100,"expectedReturns":10080,"largestMissingRunMinutes":0,"missingIntervals":0,"missingPriceMinutes":0,"observedReturns":10080,"status":"complete","unavailableReason":null}},"coveragePolicy":{"maximumMissingRunMinutes":60,"methodology":"Each RV window qualifies independently. RV annualises the mean squared observed one-minute log return; returns spanning gaps are excluded, not interpolated or zero-filled. Partial estimates assume observed minutes are representative and may miss volatility during gaps.","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"30d":99.5,"7d":99.5},"version":"observed-minute-returns-v1"},"returnDiagnostics":{"24h":{"largestReturn":{"currentSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"logReturnPercent":1.4340176841516779,"previousSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"timestamp":"2026-11-03T13:58:00+00:00"},"leaveKOutRvPercent":{"1":81.35754342827536,"5":75.86961209101028,"10":72.78148111096783},"observations":1440,"topSquaredReturnSharesPercent":{"1":10.191231447708894,"5":22.115699746696933,"10":28.57666744931096}},"30d":{"largestReturn":{"currentSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"logReturnPercent":1.8699530775069066,"previousSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"timestamp":"2026-10-29T20:48:00+00:00"},"leaveKOutRvPercent":{"1":69.55676276908791,"5":68.76594090812523,"10":68.06383940585116},"observations":43200,"topSquaredReturnSharesPercent":{"1":0.8716899930566748,"5":3.121915415643169,"10":5.101056625023956}},"7d":{"largestReturn":{"currentSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"logReturnPercent":1.8699530775069066,"previousSource":{"fallback":false,"instrument":"hype_usdc","venue":"deribit"},"timestamp":"2026-10-29T20:48:00+00:00"},"leaveKOutRvPercent":{"1":93.51276827951266,"5":90.97912981683017,"10":88.90731979710867},"observations":10080,"topSquaredReturnSharesPercent":{"1":2.0426526323950323,"5":7.315661293204196,"10":11.532806423826848}}},"oneWeekAtmIvPercent":69.18,"oneWeekIvMinus7dRvPoints":-25.3,"oneWeekIvMinus24hRvPoints":-16.64,"oneWeekIvMinus30dRvPoints":-0.68,"oneWeekIvTo7dRvRatio":null,"spreadPercentile":null,"spotUnavailableReason":null},"realisedVolatilityUnavailableReason":null}