{"canonicalEventFacts":null,"editorialContext":null,"weeklyMarketPattern":null,"schemaVersion":2,"schemaUrl":"https://www.derivasys.com/schemas/report-dataset-v2.schema.json","family":"altcoins","reportDate":"2026-10-07","canonicalUrl":"https://www.derivasys.com/reports/altcoins/2026-10-07","datasetUrl":"https://www.derivasys.com/data/reports/altcoins/2026-10-07/data.json","headline":"Altcoin options: XRP–AVAX 1w ATM IV increases span just 0.97 volatility points","timestamps":{"generatedAt":"2026-10-07T16:33:54+00:00","currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00","comparisonCutoffAt":"2026-10-07T16:30:00+00:00"},"units":{"atmIv":"annualised percent","realisedVolatility":"annualised percent","rr25":"volatility points","bf25":"volatility points","change":"volatility points","return":"percent","slope":"volatility points","percentile":"percentile (0–100)","ratio":"dimensionless","forward":"USD"},"semantics":{"previousSnapshotAt":"The report baseline is the stored previous timestamp shared by every required constituent (BTC/ETH/SOL for Major Coins; XRP/HYPE/AVAX/TRX for Altcoins), compared as instants. Null means missing, invalid, mixed or incomplete constituent baselines, or a conflicting stored report baseline. Constituent timestamps remain unchanged; comparisonCutoffAt is not a substitute baseline.","relativeValueObservation":"Stored highestSpreadAsset and lowestSpreadAsset describe IV-minus-realised spread ordering, not fair value. Legacy richestAsset and cheapestAsset aliases are omitted; missing neutral fields are not inferred. Other stored observation fields retain their producer wording and values.","leadComparison":"currentSpread is selected asset A minus comparison asset B; previousSpread has the same orientation; changeSpread is currentSpread minus previousSpread. All retain their sign. The current level gap is abs(currentSpread), while daily-change dispersion is abs(changeA minus changeB). Gap change is abs(currentSpread) minus abs(previousSpread), distinct from daily-change dispersion.","pairedSkewRotation":"Both named 1W RR25 endpoints cross zero in opposite directions beyond 0.10 volatility points. current/previous are the signed first-asset-minus-second-asset spread; change is its rotation. This is distinct from unsigned level dispersion. Missing matching history remains null.","crossMetricJointEvent":"Complete aligned historical spot/ATM/RR25/BF25 vectors provide descriptive direction-pattern and simultaneous magnitude-exceedance episode counts. At least 20 eligible historical vectors are required. No joint rarity percentile is estimated; causality is not assessed.","jointComparisons":"Spot/ATM, ATM/RR25 and spot/ATM/RR25/BF25 comparisons each retain their own frozen complete-vector history, source receipt and descriptive counts. Their denominators are independent; marginal percentiles are not combined.","termStructureRegimeChange":"1M minus 1W ATM IV slope. Version 2 separates technical crossings from material changes requiring opposite endpoints beyond the provisional ±0.5 point deadband. A genuine crossing requires strictly opposite nonzero signs; an exactly zero endpoint is a zero touch. Historical rarity requires at least 20 compatible prior observations.","marketWideEvent":"Canonical seven-asset daily observation with aligned source receipts, spot breadth and compatible prior history. This is dated report context, not a current live market snapshot.","comparisons":"Leader and laggard are the highest and lowest signed values; spread is highest minus lowest, a non-negative cross-sectional range. Changes retain their sign.","termStructure":"1Y minus 1W ATM IV; slopeChange is current slope minus previous slope.","rankingOrder":"Stored producer order; previousRank and rankChange remain null when unavailable. Positive rankChange means moving up the ranking.","rankingBasis":{"oneWeekAtmIvLevel":"descending signed value","oneWeekAtmIvChange":"descending signed value","oneWeekAtmIvAbsoluteMove":"descending absolute magnitude; values retain their sign","ivMinusRealised7d":"descending signed value","oneWeekRr25CallRichness":"descending signed value","oneWeekRr25PutRichness":"ascending signed value","termStructureSlope":"descending signed value","termStructureSlopeChange":"descending absolute magnitude; values retain their sign","spotPerformance24h":"descending signed value"},"outliers":"Stored distanceFromMedian is signed value minus groupMedian; outlier selection uses absolute distance.","unavailable":"Null means unavailable, never zero; absent stored analysis is not reconstructed.","csv":"One scalar per row, with section, metric, asset and JSON pointer; value_type distinguishes null from empty string. Numeric serialization preserves stored precision."},"provenance":{"source":"Published report and its stored constituent observations","storedHeadline":"Altcoin options: XRP–AVAX 1w ATM IV increases span just 0.97 volatility points","reportCorrection":null,"constituents":null,"methodology":{"source":"Stored Derivasys SVI surfaces","comparison":"Latest successful snapshot at or before the common cutoff versus the nearest successful snapshot 24 hours earlier, within a three-hour tolerance.","availability":"Current levels remain visible when a 24-hour baseline does not yet exist; changes stay null rather than being inferred from a shorter window."},"summaryMetrics":{"basis":"Equal-weight average across assets with a valid 24-hour baseline","unit":"volatility points","atmIvChange":0.57,"rr25Change":-1.24,"bf25Change":-0.02}},"leadSignal":{"status":"declared","declaredEvidence":{"asset":"XRP","metric":"atmIv","eventType":"atmIv","label":"1W","current":52.16,"previous":51.1,"change":1.06,"currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00","evidenceRef":"crossAssetAnalysis.evidence[alts-cross-1w-atm-change-dispersion]","provenance":{"kind":"comparative-constituent-measurement","candidateId":"alts-cross-1w-atm-change-dispersion","candidateSource":"crossAssetAnalysis.evidence[alts-cross-1w-atm-change-dispersion]","eventRef":null,"valuesRef":"rows[asset=XRP].tenors[tenor=1W].atmIv"},"comparison":{"asset":"AVAX","current":73.36,"previous":73.27,"currentSpread":-21.2,"previousSpread":-22.17,"changeSpread":0.97}},"validatedDisplay":{"opening":"The 1W ATM implied-volatility signed spread (XRP minus AVAX) is -21.20 vol points, a change of +0.97 vol points between the stored surface endpoints. The absolute current level gap is 21.20 vol points. The daily-change dispersion is 0.97 vol points (XRP +1.06 versus AVAX +0.09 vol points).","readings":["XRP 1W ATM IV 52.16% · Δ +1.06 vol pts","AVAX 1W ATM IV 73.36% · Δ +0.09 vol pts","XRP minus AVAX: signed spread -21.20 vol pts · spread Δ +0.97 vol pts","Absolute current level gap: 21.20 vol pts","Daily-change dispersion: 0.97 vol pts"],"cutoff":"7 Oct 2026, 16:30 UTC","rarity":[]},"comparativeEvidence":[{"id":"alts-cross-1w-atm-change-dispersion","metric":"1W ATM IV change dispersion","unit":"volatility points","leader":"XRP","laggard":"AVAX","highest":1.06,"lowest":0.09,"spread":0.97,"highestToLowestRatio":11.7778,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":1.06,"values":[{"asset":"XRP","value":1.06},{"asset":"HYPE","value":0.82},{"asset":"AVAX","value":0.09},{"asset":"TRX","value":0.31}]},{"id":"alts-cross-1w-atm-level-dispersion","metric":"1W ATM IV level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":73.36,"lowest":21.17,"spread":52.19,"highestToLowestRatio":3.4653,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":73.36,"values":[{"asset":"XRP","value":52.16},{"asset":"HYPE","value":55.95},{"asset":"AVAX","value":73.36},{"asset":"TRX","value":21.17}],"previousSpread":52.41,"spreadChange":-0.22,"dispersionDirection":"compressing"},{"id":"alts-cross-1w-rr25-dispersion","metric":"1W RR25 level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":4.38,"lowest":-3.56,"spread":7.94,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":4.38,"values":[{"asset":"XRP","value":2.11},{"asset":"HYPE","value":3.13},{"asset":"AVAX","value":4.38},{"asset":"TRX","value":-3.56}],"previousSpread":8.31,"spreadChange":-0.37,"dispersionDirection":"compressing"},{"id":"alts-cross-term-structure-divergence","metric":"1Y minus 1W ATM IV slope dispersion","unit":"volatility points","leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}],"previousSpread":null,"spreadChange":null,"dispersionDirection":"unavailable"},{"id":"alts-cross-iv-minus-realised-dispersion","metric":"1W IV minus 7D realised volatility dispersion","unit":"volatility points","leader":"TRX","laggard":"HYPE","highest":6.86,"lowest":-5.24,"spread":12.1,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"TRX","largestAbsoluteMoveValue":6.86,"values":[{"asset":"XRP","value":3.35},{"asset":"HYPE","value":-5.24},{"asset":"AVAX","value":2.31},{"asset":"TRX","value":6.86}]},{"id":"alts-cross-spot-performance","metric":"24H spot performance dispersion","unit":"percentage points","leader":"TRX","laggard":"XRP","highest":-0.23,"lowest":-4.39,"spread":4.16,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":-4.39,"values":[{"asset":"XRP","value":-4.39},{"asset":"HYPE","value":-4.16},{"asset":"AVAX","value":-1.13},{"asset":"TRX","value":-0.23}]},{"id":"alts-cross-term-structure-change","metric":"1Y minus 1W ATM IV slope change dispersion","unit":"volatility points","leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}]}],"candidateId":"alts-cross-1w-atm-change-dispersion","historicalContext":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.atmIvChange","percentile":0,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.atmIvChange","crossAssetAnalysis.oneWeek.atmIvChange"],"unavailableReason":null},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":1,"normalizedMagnitude":0.97,"magnitudeScore":1.94,"historicalMagnitudeScale":0.97,"historicalBonus":41.5926,"evidenceQuality":1,"totalScore":43.5326,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":43.5326}},"historicalContext":{"candidates":[{"id":"alts-cross-1w-atm-change-dispersion","asset":"ALTS","metric":"crossAssetDivergence","metricLabel":"cross-asset divergence","tenor":"1W","expiry":null,"observationKind":"level","change":null,"current":0.97,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":0,"historicalZScore":-2.5758,"score":43.5326,"historicalContext":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.atmIvChange","percentile":0,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.atmIvChange","crossAssetAnalysis.oneWeek.atmIvChange"],"unavailableReason":null},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":1,"normalizedMagnitude":0.97,"magnitudeScore":1.94,"historicalMagnitudeScale":0.97,"historicalBonus":41.5926,"evidenceQuality":1,"totalScore":43.5326,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":43.5326},"story":"XRP drove 1W ATM IV divergence as it rose 1.06 volatility points and cross-asset dispersion reached 0.97","source":"crossAssetAnalysis.evidence[alts-cross-1w-atm-change-dispersion]","scope":"cross-asset","leader":"XRP","laggard":"AVAX","evidence":{"id":"alts-cross-1w-atm-change-dispersion","metric":"1W ATM IV change dispersion","unit":"volatility points","leader":"XRP","laggard":"AVAX","highest":1.06,"lowest":0.09,"spread":0.97,"highestToLowestRatio":11.7778,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":1.06,"values":[{"asset":"XRP","value":1.06},{"asset":"HYPE","value":0.82},{"asset":"AVAX","value":0.09},{"asset":"TRX","value":0.31}]},"supportingSpreadChange":null,"selectionScore":43.5326,"selectionReason":"Deterministic metric-scaled magnitude, matching historical rarity, evidence availability and validated coordination/crossings; ties ordered by candidate ID"},{"id":"alts-cross-1w-rr25-dispersion","asset":"ALTS","metric":"relativeSkew","metricLabel":"relative skew","tenor":"1W","expiry":null,"observationKind":"level","change":null,"current":7.94,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":78.6,"historicalZScore":0.7926,"score":29.063,"historicalContext":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.rr25Level","percentile":78.6,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.rr25Level","crossAssetAnalysis.oneWeek.rr25Level"],"unavailableReason":null},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":2,"normalizedMagnitude":3.97,"magnitudeScore":7.94,"historicalMagnitudeScale":1,"historicalBonus":21.123,"evidenceQuality":1,"totalScore":29.063,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":29.063},"story":"1W RR25 level dispersion narrowed by 0.37 volatility points to 7.94 between AVAX and TRX","source":"crossAssetAnalysis.evidence[alts-cross-1w-rr25-dispersion]","scope":"cross-asset","leader":"AVAX","laggard":"TRX","evidence":{"id":"alts-cross-1w-rr25-dispersion","metric":"1W RR25 level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":4.38,"lowest":-3.56,"spread":7.94,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":4.38,"values":[{"asset":"XRP","value":2.11},{"asset":"HYPE","value":3.13},{"asset":"AVAX","value":4.38},{"asset":"TRX","value":-3.56}],"previousSpread":8.31,"spreadChange":-0.37,"dispersionDirection":"compressing"},"supportingSpreadChange":-0.37,"selectionScore":29.063,"selectionReason":"Deterministic metric-scaled magnitude, matching historical rarity, evidence availability and validated coordination/crossings; ties ordered by candidate ID"},{"id":"alts-cross-1w-atm-level-dispersion","asset":"ALTS","metric":"relativeVolatility","metricLabel":"relative volatility","tenor":"1W","expiry":null,"observationKind":"level","change":null,"current":52.19,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":64.3,"historicalZScore":0.3665,"score":20.8505,"historicalContext":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.atmIvLevel","percentile":64.3,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.atmIvLevel","crossAssetAnalysis.oneWeek.atmIvLevel"],"unavailableReason":null},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":10,"normalizedMagnitude":5.219,"magnitudeScore":10.438,"historicalMagnitudeScale":1,"historicalBonus":10.4125,"evidenceQuality":1,"totalScore":20.8505,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":20.8505},"story":"1W ATM IV level dispersion narrowed by 0.22 volatility points to 52.19 between AVAX and TRX","source":"crossAssetAnalysis.evidence[alts-cross-1w-atm-level-dispersion]","scope":"cross-asset","leader":"AVAX","laggard":"TRX","evidence":{"id":"alts-cross-1w-atm-level-dispersion","metric":"1W ATM IV level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":73.36,"lowest":21.17,"spread":52.19,"highestToLowestRatio":3.4653,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":73.36,"values":[{"asset":"XRP","value":52.16},{"asset":"HYPE","value":55.95},{"asset":"AVAX","value":73.36},{"asset":"TRX","value":21.17}],"previousSpread":52.41,"spreadChange":-0.22,"dispersionDirection":"compressing"},"supportingSpreadChange":-0.22,"selectionScore":20.8505,"selectionReason":"Deterministic metric-scaled magnitude, matching historical rarity, evidence availability and validated coordination/crossings; ties ordered by candidate ID"},{"id":"alts-cross-iv-minus-realised-dispersion","asset":"ALTS","metric":"impliedRealised","metricLabel":"implied-versus-realised spread","tenor":"1W","expiry":null,"observationKind":"level","change":null,"current":12.1,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":null,"historicalZScore":null,"score":2.42,"historicalContext":{"status":"unavailable","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; relativeValue.ivMinusRealised7d","percentile":null,"observations":2,"minimumObservations":20,"window":{"start":"2026-09-27T19:05:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.relativeValue.ivMinusRealised7d","crossAssetAnalysis.relativeValue.ivMinusRealised7d"],"unavailableReason":"insufficient-history"},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":10,"normalizedMagnitude":1.21,"magnitudeScore":2.42,"historicalMagnitudeScale":1,"historicalBonus":0,"evidenceQuality":1,"totalScore":2.42,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":2.42},"story":"TRX leads HYPE by 12.10 volatility points in 1w iv minus 7d realised volatility dispersion","source":"crossAssetAnalysis.evidence[alts-cross-iv-minus-realised-dispersion]","scope":"cross-asset","leader":"TRX","laggard":"HYPE","evidence":{"id":"alts-cross-iv-minus-realised-dispersion","metric":"1W IV minus 7D realised volatility dispersion","unit":"volatility points","leader":"TRX","laggard":"HYPE","highest":6.86,"lowest":-5.24,"spread":12.1,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"TRX","largestAbsoluteMoveValue":6.86,"values":[{"asset":"XRP","value":3.35},{"asset":"HYPE","value":-5.24},{"asset":"AVAX","value":2.31},{"asset":"TRX","value":6.86}]},"supportingSpreadChange":null,"selectionScore":2.42,"selectionReason":"Deterministic metric-scaled magnitude, matching historical rarity, evidence availability and validated coordination/crossings; ties ordered by candidate ID"},{"id":"alts-cross-1w-atm-breadth","asset":"ALTS","metric":"crossAssetDivergence","metricLabel":"cross-asset divergence","tenor":"1W","expiry":null,"observationKind":"change","change":0.57,"current":null,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":null,"historicalZScore":null,"score":1.14,"historicalContext":{"status":"unavailable","observationKind":"change","basis":"matching stored history unavailable","percentile":null,"observations":null,"minimumObservations":20,"window":{"start":null,"end":null},"sourceRefs":["crossAssetAnalysis.oneWeek.atmIvChange.values"],"unavailableReason":"history-status-unavailable-or-invalid"},"scoreComponents":{"version":3,"unit":"volatility points","magnitudeScale":1,"normalizedMagnitude":0.57,"magnitudeScore":1.14,"historicalMagnitudeScale":0.57,"historicalBonus":0,"evidenceQuality":1,"totalScore":1.14,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":0,"selectionScore":1.14},"story":"One-week options volatility rose across every covered market","source":"crossAssetAnalysis.oneWeek.atmIvChange.values","scope":"cross-asset","leader":"XRP","laggard":"AVAX","selectionScore":1.14,"selectionReason":"Deterministic metric-scaled magnitude, matching historical rarity, evidence availability and validated coordination/crossings; ties ordered by candidate ID"},{"id":"alts-cross-spot-performance","asset":"ALTS","metric":"spot","metricLabel":"spot","tenor":null,"expiry":null,"observationKind":"level","change":null,"current":4.16,"previous":null,"relativeChangePercent":null,"historicalPercentile":null,"historicalLevelPercentile":null,"historicalZScore":null,"score":4.16,"historicalContext":{"status":"unavailable","observationKind":"level","basis":"matching stored history unavailable","percentile":null,"observations":null,"minimumObservations":20,"window":{"start":null,"end":null},"sourceRefs":["crossAssetAnalysis.evidence[alts-cross-spot-performance]"],"unavailableReason":"history-status-unavailable-or-invalid"},"scoreComponents":{"version":3,"unit":"percentage points","magnitudeScale":2,"normalizedMagnitude":2.08,"magnitudeScore":4.16,"historicalMagnitudeScale":1,"historicalBonus":0,"evidenceQuality":1,"totalScore":4.16,"formula":"(2 * min(abs(observation) / metric scale, 20) + magnitude-scaled rarity) * evidence quality","selectionAdjustment":-3.12,"selectionScore":1.04},"story":"TRX leads XRP by 4.16 percentage points in 24h spot performance dispersion","source":"crossAssetAnalysis.evidence[alts-cross-spot-performance]","scope":"cross-asset","leader":"TRX","laggard":"XRP","evidence":{"id":"alts-cross-spot-performance","metric":"24H spot performance dispersion","unit":"percentage points","leader":"TRX","laggard":"XRP","highest":-0.23,"lowest":-4.39,"spread":4.16,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":-4.39,"values":[{"asset":"XRP","value":-4.39},{"asset":"HYPE","value":-4.16},{"asset":"AVAX","value":-1.13},{"asset":"TRX","value":-0.23}]},"supportingSpreadChange":null,"selectionScore":1.04,"selectionReason":"Prefer an options comparison to a spot recap"}],"unavailableReason":null},"analysisStatus":"available","marketWideEvent":null,"analysisUnavailableReason":null,"crossAssetAnalysis":{"schemaVersion":1,"purpose":"Identify what is unusual across the altcoin options complex, not produce four mini reports.","returnMetric":{"key":"spotPerformance24h","source":"spotMove24hPercent","label":"24h spot-index return","unit":"percent"},"assets":["XRP","HYPE","AVAX","TRX"],"comparableAssets":["XRP","HYPE","AVAX","TRX"],"oneWeek":{"atmIvLevel":{"leader":"AVAX","laggard":"TRX","highest":73.36,"lowest":21.17,"spread":52.19,"highestToLowestRatio":3.4653,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":73.36,"values":[{"asset":"XRP","value":52.16},{"asset":"HYPE","value":55.95},{"asset":"AVAX","value":73.36},{"asset":"TRX","value":21.17}],"previousSpread":52.41,"spreadChange":-0.22,"dispersionDirection":"compressing"},"atmIvChange":{"leader":"XRP","laggard":"AVAX","highest":1.06,"lowest":0.09,"spread":0.97,"highestToLowestRatio":11.7778,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":1.06,"values":[{"asset":"XRP","value":1.06},{"asset":"HYPE","value":0.82},{"asset":"AVAX","value":0.09},{"asset":"TRX","value":0.31}]},"rr25Level":{"leader":"AVAX","laggard":"TRX","highest":4.38,"lowest":-3.56,"spread":7.94,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":4.38,"values":[{"asset":"XRP","value":2.11},{"asset":"HYPE","value":3.13},{"asset":"AVAX","value":4.38},{"asset":"TRX","value":-3.56}],"previousSpread":8.31,"spreadChange":-0.37,"dispersionDirection":"compressing"},"rr25Change":{"leader":"HYPE","laggard":"XRP","highest":1.84,"lowest":-2.79,"spread":4.63,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":-2.79,"values":[{"asset":"XRP","value":-2.79},{"asset":"HYPE","value":1.84},{"asset":"AVAX","value":-2.18},{"asset":"TRX","value":-1.81}]}},"coordinatedSkewShift":null,"relativeVolatilityLeader":{"asset":"XRP","metric":"absolute 1W ATM IV change","value":1.06},"termStructure":{"definition":"1Y minus 1W ATM IV, in volatility points","currentSlope":{"leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}],"previousSpread":null,"spreadChange":null,"dispersionDirection":"unavailable"},"slopeChange":{"leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}]}},"relativeValue":{"ivMinusRealised7d":{"leader":"TRX","laggard":"HYPE","highest":6.86,"lowest":-5.24,"spread":12.1,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"TRX","largestAbsoluteMoveValue":6.86,"values":[{"asset":"XRP","value":3.35},{"asset":"HYPE","value":-5.24},{"asset":"AVAX","value":2.31},{"asset":"TRX","value":6.86}]},"spotPerformance24h":{"leader":"TRX","laggard":"XRP","highest":-0.23,"lowest":-4.39,"spread":4.16,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":-4.39,"values":[{"asset":"XRP","value":-4.39},{"asset":"HYPE","value":-4.16},{"asset":"AVAX","value":-1.13},{"asset":"TRX","value":-0.23}]}},"rankings":{"oneWeekAtmIvLevel":[{"rank":1,"asset":"AVAX","value":73.36,"previousRank":1,"rankChange":0},{"rank":2,"asset":"HYPE","value":55.95,"previousRank":2,"rankChange":0},{"rank":3,"asset":"XRP","value":52.16,"previousRank":3,"rankChange":0},{"rank":4,"asset":"TRX","value":21.17,"previousRank":4,"rankChange":0}],"oneWeekAtmIvChange":[{"rank":1,"asset":"XRP","value":1.06,"previousRank":null,"rankChange":null},{"rank":2,"asset":"HYPE","value":0.82,"previousRank":null,"rankChange":null},{"rank":3,"asset":"TRX","value":0.31,"previousRank":null,"rankChange":null},{"rank":4,"asset":"AVAX","value":0.09,"previousRank":null,"rankChange":null}],"oneWeekAtmIvAbsoluteMove":[{"rank":1,"asset":"XRP","value":1.06,"previousRank":null,"rankChange":null},{"rank":2,"asset":"HYPE","value":0.82,"previousRank":null,"rankChange":null},{"rank":3,"asset":"TRX","value":0.31,"previousRank":null,"rankChange":null},{"rank":4,"asset":"AVAX","value":0.09,"previousRank":null,"rankChange":null}],"ivMinusRealised7d":[{"rank":1,"asset":"TRX","value":6.86,"previousRank":null,"rankChange":null},{"rank":2,"asset":"XRP","value":3.35,"previousRank":null,"rankChange":null},{"rank":3,"asset":"AVAX","value":2.31,"previousRank":null,"rankChange":null},{"rank":4,"asset":"HYPE","value":-5.24,"previousRank":null,"rankChange":null}],"oneWeekRr25CallRichness":[{"rank":1,"asset":"AVAX","value":4.38,"previousRank":1,"rankChange":0},{"rank":2,"asset":"HYPE","value":3.13,"previousRank":3,"rankChange":1},{"rank":3,"asset":"XRP","value":2.11,"previousRank":2,"rankChange":-1},{"rank":4,"asset":"TRX","value":-3.56,"previousRank":4,"rankChange":0}],"oneWeekRr25PutRichness":[{"rank":1,"asset":"TRX","value":-3.56,"previousRank":1,"rankChange":0},{"rank":2,"asset":"XRP","value":2.11,"previousRank":3,"rankChange":1},{"rank":3,"asset":"HYPE","value":3.13,"previousRank":2,"rankChange":-1},{"rank":4,"asset":"AVAX","value":4.38,"previousRank":4,"rankChange":0}],"termStructureSlope":[{"rank":null,"asset":"XRP","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"HYPE","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"AVAX","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"TRX","value":null,"previousRank":null,"rankChange":null}],"termStructureSlopeChange":[{"rank":null,"asset":"XRP","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"HYPE","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"AVAX","value":null,"previousRank":null,"rankChange":null},{"rank":null,"asset":"TRX","value":null,"previousRank":null,"rankChange":null}],"spotPerformance24h":[{"rank":1,"asset":"TRX","value":-0.23,"previousRank":null,"rankChange":null},{"rank":2,"asset":"AVAX","value":-1.13,"previousRank":null,"rankChange":null},{"rank":3,"asset":"HYPE","value":-4.16,"previousRank":null,"rankChange":null},{"rank":4,"asset":"XRP","value":-4.39,"previousRank":null,"rankChange":null}]},"outliers":[{"metric":"1W ATM IV change","asset":"XRP","value":1.06,"groupMedian":0.56,"distanceFromMedian":0.5},{"metric":"1W ATM IV level","asset":"TRX","value":21.17,"groupMedian":54.05,"distanceFromMedian":-32.88},{"metric":"1W RR25 level","asset":"TRX","value":-3.56,"groupMedian":2.62,"distanceFromMedian":-6.18},{"metric":"1W IV minus 7D realised volatility","asset":"HYPE","value":-5.24,"groupMedian":2.83,"distanceFromMedian":-8.07}],"relativeValueObservation":{"highestSpreadAsset":"TRX","lowestSpreadAsset":"HYPE","spread":12.1,"metric":"1W ATM IV minus 7D realised volatility","interpretation":"TRX has the highest and HYPE the lowest one-week IV minus seven-day RV spread, with an unsigned 12.10 volatility-point cross-sectional dispersion."},"historicalContext":{"minimumObservations":20,"observations":32,"coordinatedSkewShiftMateriality":{"statistic":"weakest absolute 1W RR25 change when all three changes share a sign; otherwise zero","unit":"volatility points","basis":"all valid prior aligned BTC/ETH/SOL 23-25h periods","percentileDefinition":"100 * prior joint magnitudes <= current joint magnitude / observations","minimumObservations":20,"observations":0,"currentJointMagnitudeVolPoints":null,"percentile":null,"unavailableReason":"current-measurements-unavailable","excluded":{"invalidMeasurements":32,"currentOrFuture":0,"overlappingCurrentWindow":0,"duplicatePeriods":0,"conflictingDays":0},"samples":[]},"metricContexts":{"oneWeekAtmIvLevelDispersionPercentile":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.atmIvLevel","percentile":64.3,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.atmIvLevel","crossAssetAnalysis.oneWeek.atmIvLevel"],"unavailableReason":null,"comparableAssets":["AVAX","HYPE","TRX","XRP"],"samples":[{"currentSnapshotAt":"2026-08-30T23:59:00+00:00","previousSnapshotAt":"2026-08-29T23:59:00+00:00","value":55.27,"values":[{"asset":"AVAX","value":64.86},{"asset":"HYPE","value":76.07},{"asset":"TRX","value":20.8},{"asset":"XRP","value":71.59}]},{"currentSnapshotAt":"2026-08-31T22:04:00+00:00","previousSnapshotAt":"2026-08-30T22:04:00+00:00","value":51.47,"values":[{"asset":"AVAX","value":58.02},{"asset":"HYPE","value":71.29},{"asset":"TRX","value":19.82},{"asset":"XRP","value":69.46}]},{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:27:00+00:00","value":47.14,"values":[{"asset":"AVAX","value":54.25},{"asset":"HYPE","value":68.47},{"asset":"TRX","value":21.33},{"asset":"XRP","value":61.13}]},{"currentSnapshotAt":"2026-09-04T16:48:00+00:00","previousSnapshotAt":"2026-09-03T16:48:00+00:00","value":43.41,"values":[{"asset":"AVAX","value":53.59},{"asset":"HYPE","value":65.75},{"asset":"TRX","value":22.34},{"asset":"XRP","value":55.87}]},{"currentSnapshotAt":"2026-09-05T18:43:00+00:00","previousSnapshotAt":"2026-09-04T18:43:00+00:00","value":40.97,"values":[{"asset":"AVAX","value":53.39},{"asset":"HYPE","value":62.25},{"asset":"TRX","value":21.28},{"asset":"XRP","value":54.5}]},{"currentSnapshotAt":"2026-09-06T16:59:00+00:00","previousSnapshotAt":"2026-09-05T16:59:00+00:00","value":45.54,"values":[{"asset":"AVAX","value":56.32},{"asset":"HYPE","value":65.9},{"asset":"TRX","value":20.36},{"asset":"XRP","value":56.58}]},{"currentSnapshotAt":"2026-09-07T16:54:00+00:00","previousSnapshotAt":"2026-09-06T16:54:00+00:00","value":47.19,"values":[{"asset":"AVAX","value":58.63},{"asset":"HYPE","value":65.82},{"asset":"TRX","value":18.63},{"asset":"XRP","value":53.82}]},{"currentSnapshotAt":"2026-09-08T16:30:00+00:00","previousSnapshotAt":"2026-09-07T16:30:00+00:00","value":42.59,"values":[{"asset":"AVAX","value":57.65},{"asset":"HYPE","value":64.57},{"asset":"TRX","value":21.98},{"asset":"XRP","value":53.2}]},{"currentSnapshotAt":"2026-09-09T16:30:00+00:00","previousSnapshotAt":"2026-09-08T16:30:00+00:00","value":41.35,"values":[{"asset":"AVAX","value":56.5},{"asset":"HYPE","value":63.1},{"asset":"TRX","value":21.75},{"asset":"XRP","value":54.16}]},{"currentSnapshotAt":"2026-09-10T16:30:00+00:00","previousSnapshotAt":"2026-09-09T16:30:00+00:00","value":45.63,"values":[{"asset":"AVAX","value":58.45},{"asset":"HYPE","value":64.73},{"asset":"TRX","value":19.1},{"asset":"XRP","value":53.89}]},{"currentSnapshotAt":"2026-09-11T16:29:00+00:00","previousSnapshotAt":"2026-09-10T16:29:00+00:00","value":43.8,"values":[{"asset":"AVAX","value":55.53},{"asset":"HYPE","value":63.65},{"asset":"TRX","value":19.85},{"asset":"XRP","value":57.35}]},{"currentSnapshotAt":"2026-09-12T16:29:00+00:00","previousSnapshotAt":"2026-09-11T16:29:00+00:00","value":42.22,"values":[{"asset":"AVAX","value":55.47},{"asset":"HYPE","value":63.92},{"asset":"TRX","value":21.7},{"asset":"XRP","value":51.24}]},{"currentSnapshotAt":"2026-09-13T16:30:00+00:00","previousSnapshotAt":"2026-09-12T16:30:00+00:00","value":46.35,"values":[{"asset":"AVAX","value":58.69},{"asset":"HYPE","value":66.37},{"asset":"TRX","value":20.02},{"asset":"XRP","value":54.38}]},{"currentSnapshotAt":"2026-09-14T16:30:00+00:00","previousSnapshotAt":"2026-09-13T16:30:00+00:00","value":47.19,"values":[{"asset":"AVAX","value":60.28},{"asset":"HYPE","value":68.65},{"asset":"TRX","value":21.46},{"asset":"XRP","value":60.01}]},{"currentSnapshotAt":"2026-09-15T21:01:00+00:00","previousSnapshotAt":"2026-09-14T21:01:00+00:00","value":51.67,"values":[{"asset":"AVAX","value":60.63},{"asset":"HYPE","value":70.88},{"asset":"TRX","value":19.21},{"asset":"XRP","value":66.43}]},{"currentSnapshotAt":"2026-09-16T16:30:00+00:00","previousSnapshotAt":"2026-09-15T16:30:00+00:00","value":51.23,"values":[{"asset":"AVAX","value":58.81},{"asset":"HYPE","value":70.05},{"asset":"TRX","value":18.82},{"asset":"XRP","value":66.98}]},{"currentSnapshotAt":"2026-09-17T16:39:00+00:00","previousSnapshotAt":"2026-09-16T16:39:00+00:00","value":49.44,"values":[{"asset":"AVAX","value":57.38},{"asset":"HYPE","value":65.33},{"asset":"TRX","value":15.89},{"asset":"XRP","value":63.25}]},{"currentSnapshotAt":"2026-09-18T16:30:00+00:00","previousSnapshotAt":"2026-09-17T16:30:00+00:00","value":47.64,"values":[{"asset":"AVAX","value":56.12},{"asset":"HYPE","value":66.89},{"asset":"TRX","value":19.25},{"asset":"XRP","value":63.97}]},{"currentSnapshotAt":"2026-09-19T16:59:00+00:00","previousSnapshotAt":"2026-09-18T16:59:00+00:00","value":47.6,"values":[{"asset":"AVAX","value":66.51},{"asset":"HYPE","value":65.26},{"asset":"TRX","value":18.91},{"asset":"XRP","value":61.47}]},{"currentSnapshotAt":"2026-09-20T16:30:00+00:00","previousSnapshotAt":"2026-09-19T16:30:00+00:00","value":62.19,"values":[{"asset":"AVAX","value":77.42},{"asset":"HYPE","value":67.36},{"asset":"TRX","value":15.23},{"asset":"XRP","value":61.88}]},{"currentSnapshotAt":"2026-09-21T18:42:00+00:00","previousSnapshotAt":"2026-09-20T18:42:00+00:00","value":62.46,"values":[{"asset":"AVAX","value":81.01},{"asset":"HYPE","value":66.5},{"asset":"TRX","value":18.55},{"asset":"XRP","value":71.1}]},{"currentSnapshotAt":"2026-09-23T19:20:00+00:00","previousSnapshotAt":"2026-09-22T19:20:00+00:00","value":62.86,"values":[{"asset":"AVAX","value":84.92},{"asset":"HYPE","value":61.7},{"asset":"TRX","value":22.06},{"asset":"XRP","value":84.05}]},{"currentSnapshotAt":"2026-09-24T16:30:00+00:00","previousSnapshotAt":"2026-09-23T16:30:00+00:00","value":59.87,"values":[{"asset":"AVAX","value":82.09},{"asset":"HYPE","value":63.67},{"asset":"TRX","value":22.22},{"asset":"XRP","value":71.21}]},{"currentSnapshotAt":"2026-09-25T17:28:00+00:00","previousSnapshotAt":"2026-09-24T17:28:00+00:00","value":64.19,"values":[{"asset":"AVAX","value":80.87},{"asset":"HYPE","value":59.87},{"asset":"TRX","value":16.68},{"asset":"XRP","value":74.28}]},{"currentSnapshotAt":"2026-09-26T17:24:00+00:00","previousSnapshotAt":"2026-09-25T17:24:00+00:00","value":61.32,"values":[{"asset":"AVAX","value":78.29},{"asset":"HYPE","value":59.18},{"asset":"TRX","value":16.97},{"asset":"XRP","value":71.73}]},{"currentSnapshotAt":"2026-09-27T19:05:00+00:00","previousSnapshotAt":"2026-09-26T19:05:00+00:00","value":63.13,"values":[{"asset":"AVAX","value":81.85},{"asset":"HYPE","value":61.71},{"asset":"TRX","value":18.72},{"asset":"XRP","value":73.47}]},{"currentSnapshotAt":"2026-09-29T15:01:00+00:00","previousSnapshotAt":"2026-09-28T14:01:00+00:00","value":72.58,"values":[{"asset":"AVAX","value":90.51},{"asset":"HYPE","value":64.12},{"asset":"TRX","value":17.93},{"asset":"XRP","value":71.13}]},{"currentSnapshotAt":"2026-09-30T16:30:00+00:00","previousSnapshotAt":"2026-09-29T16:30:00+00:00","value":70.7,"values":[{"asset":"AVAX","value":88.39},{"asset":"HYPE","value":62.79},{"asset":"TRX","value":17.69},{"asset":"XRP","value":68.51}]}]},"oneWeekAtmIvChangeDispersionPercentile":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.atmIvChange","percentile":0,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.atmIvChange","crossAssetAnalysis.oneWeek.atmIvChange"],"unavailableReason":null,"comparableAssets":["AVAX","HYPE","TRX","XRP"],"samples":[{"currentSnapshotAt":"2026-08-30T23:59:00+00:00","previousSnapshotAt":"2026-08-29T23:59:00+00:00","value":5.25,"values":[{"asset":"AVAX","value":1.36},{"asset":"HYPE","value":1.15},{"asset":"TRX","value":-1.79},{"asset":"XRP","value":3.46}]},{"currentSnapshotAt":"2026-08-31T22:04:00+00:00","previousSnapshotAt":"2026-08-30T22:04:00+00:00","value":6.5,"values":[{"asset":"AVAX","value":-7.1},{"asset":"HYPE","value":-5.19},{"asset":"TRX","value":-3.15},{"asset":"XRP","value":-0.6}]},{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:27:00+00:00","value":10.73,"values":[{"asset":"AVAX","value":-3.78},{"asset":"HYPE","value":-2.87},{"asset":"TRX","value":2.98},{"asset":"XRP","value":-7.75}]},{"currentSnapshotAt":"2026-09-04T16:48:00+00:00","previousSnapshotAt":"2026-09-03T16:48:00+00:00","value":4.57,"values":[{"asset":"AVAX","value":0.41},{"asset":"HYPE","value":0.45},{"asset":"TRX","value":-0.52},{"asset":"XRP","value":-4.12}]},{"currentSnapshotAt":"2026-09-05T18:43:00+00:00","previousSnapshotAt":"2026-09-04T18:43:00+00:00","value":1.34,"values":[{"asset":"AVAX","value":0.78},{"asset":"HYPE","value":-0.53},{"asset":"TRX","value":0.21},{"asset":"XRP","value":-0.56}]},{"currentSnapshotAt":"2026-09-06T16:59:00+00:00","previousSnapshotAt":"2026-09-05T16:59:00+00:00","value":4.74,"values":[{"asset":"AVAX","value":3.19},{"asset":"HYPE","value":0.99},{"asset":"TRX","value":-1.55},{"asset":"XRP","value":1.8}]},{"currentSnapshotAt":"2026-09-07T16:54:00+00:00","previousSnapshotAt":"2026-09-06T16:54:00+00:00","value":5.14,"values":[{"asset":"AVAX","value":2.32},{"asset":"HYPE","value":-0.7},{"asset":"TRX","value":-1.75},{"asset":"XRP","value":-2.82}]},{"currentSnapshotAt":"2026-09-08T16:30:00+00:00","previousSnapshotAt":"2026-09-07T16:30:00+00:00","value":4.61,"values":[{"asset":"AVAX","value":-0.24},{"asset":"HYPE","value":-1.22},{"asset":"TRX","value":3.39},{"asset":"XRP","value":-0.01}]},{"currentSnapshotAt":"2026-09-09T16:30:00+00:00","previousSnapshotAt":"2026-09-08T16:30:00+00:00","value":2.43,"values":[{"asset":"AVAX","value":-1.15},{"asset":"HYPE","value":-1.47},{"asset":"TRX","value":-0.23},{"asset":"XRP","value":0.96}]},{"currentSnapshotAt":"2026-09-10T16:30:00+00:00","previousSnapshotAt":"2026-09-09T16:30:00+00:00","value":4.6,"values":[{"asset":"AVAX","value":1.95},{"asset":"HYPE","value":1.63},{"asset":"TRX","value":-2.65},{"asset":"XRP","value":-0.27}]},{"currentSnapshotAt":"2026-09-11T16:29:00+00:00","previousSnapshotAt":"2026-09-10T16:29:00+00:00","value":6.33,"values":[{"asset":"AVAX","value":-2.91},{"asset":"HYPE","value":-1.07},{"asset":"TRX","value":0.75},{"asset":"XRP","value":3.42}]},{"currentSnapshotAt":"2026-09-12T16:29:00+00:00","previousSnapshotAt":"2026-09-11T16:29:00+00:00","value":7.96,"values":[{"asset":"AVAX","value":-0.06},{"asset":"HYPE","value":0.27},{"asset":"TRX","value":1.85},{"asset":"XRP","value":-6.11}]},{"currentSnapshotAt":"2026-09-13T16:30:00+00:00","previousSnapshotAt":"2026-09-12T16:30:00+00:00","value":4.89,"values":[{"asset":"AVAX","value":3.21},{"asset":"HYPE","value":2.44},{"asset":"TRX","value":-1.68},{"asset":"XRP","value":3.14}]},{"currentSnapshotAt":"2026-09-14T16:30:00+00:00","previousSnapshotAt":"2026-09-13T16:30:00+00:00","value":4.19,"values":[{"asset":"AVAX","value":1.59},{"asset":"HYPE","value":2.28},{"asset":"TRX","value":1.44},{"asset":"XRP","value":5.63}]},{"currentSnapshotAt":"2026-09-15T21:01:00+00:00","previousSnapshotAt":"2026-09-14T21:01:00+00:00","value":4.29,"values":[{"asset":"AVAX","value":-1.31},{"asset":"HYPE","value":0.7},{"asset":"TRX","value":-3.22},{"asset":"XRP","value":1.07}]},{"currentSnapshotAt":"2026-09-16T16:30:00+00:00","previousSnapshotAt":"2026-09-15T16:30:00+00:00","value":8.97,"values":[{"asset":"AVAX","value":-3.63},{"asset":"HYPE","value":-0.58},{"asset":"TRX","value":-1.1},{"asset":"XRP","value":5.34}]},{"currentSnapshotAt":"2026-09-17T16:39:00+00:00","previousSnapshotAt":"2026-09-16T16:39:00+00:00","value":4.28,"values":[{"asset":"AVAX","value":-1.29},{"asset":"HYPE","value":-5.57},{"asset":"TRX","value":-2.93},{"asset":"XRP","value":-4.29}]},{"currentSnapshotAt":"2026-09-18T16:30:00+00:00","previousSnapshotAt":"2026-09-17T16:30:00+00:00","value":4,"values":[{"asset":"AVAX","value":-0.63},{"asset":"HYPE","value":1.15},{"asset":"TRX","value":3.37},{"asset":"XRP","value":1.44}]},{"currentSnapshotAt":"2026-09-19T16:59:00+00:00","previousSnapshotAt":"2026-09-18T16:59:00+00:00","value":13.31,"values":[{"asset":"AVAX","value":11.51},{"asset":"HYPE","value":-1.8},{"asset":"TRX","value":0.26},{"asset":"XRP","value":-1.74}]},{"currentSnapshotAt":"2026-09-20T16:30:00+00:00","previousSnapshotAt":"2026-09-19T16:30:00+00:00","value":13.25,"values":[{"asset":"AVAX","value":10.37},{"asset":"HYPE","value":2.15},{"asset":"TRX","value":-2.88},{"asset":"XRP","value":1.59}]},{"currentSnapshotAt":"2026-09-21T18:42:00+00:00","previousSnapshotAt":"2026-09-20T18:42:00+00:00","value":8.51,"values":[{"asset":"AVAX","value":-0.41},{"asset":"HYPE","value":-0.98},{"asset":"TRX","value":3.25},{"asset":"XRP","value":7.53}]},{"currentSnapshotAt":"2026-09-23T19:20:00+00:00","previousSnapshotAt":"2026-09-22T19:20:00+00:00","value":9.82,"values":[{"asset":"AVAX","value":1.64},{"asset":"HYPE","value":-4.3},{"asset":"TRX","value":3.08},{"asset":"XRP","value":5.52}]},{"currentSnapshotAt":"2026-09-24T16:30:00+00:00","previousSnapshotAt":"2026-09-23T16:30:00+00:00","value":15.68,"values":[{"asset":"AVAX","value":-3.68},{"asset":"HYPE","value":1.79},{"asset":"TRX","value":0.92},{"asset":"XRP","value":-13.89}]},{"currentSnapshotAt":"2026-09-25T17:28:00+00:00","previousSnapshotAt":"2026-09-24T17:28:00+00:00","value":7.72,"values":[{"asset":"AVAX","value":-2.17},{"asset":"HYPE","value":-1.52},{"asset":"TRX","value":-5.12},{"asset":"XRP","value":2.6}]},{"currentSnapshotAt":"2026-09-26T17:24:00+00:00","previousSnapshotAt":"2026-09-25T17:24:00+00:00","value":3.12,"values":[{"asset":"AVAX","value":-2.82},{"asset":"HYPE","value":-0.78},{"asset":"TRX","value":0.3},{"asset":"XRP","value":-2.4}]},{"currentSnapshotAt":"2026-09-27T19:05:00+00:00","previousSnapshotAt":"2026-09-26T19:05:00+00:00","value":2.89,"values":[{"asset":"AVAX","value":3.02},{"asset":"HYPE","value":2.24},{"asset":"TRX","value":0.13},{"asset":"XRP","value":1.98}]},{"currentSnapshotAt":"2026-09-29T15:01:00+00:00","previousSnapshotAt":"2026-09-28T14:01:00+00:00","value":15.36,"values":[{"asset":"AVAX","value":12.01},{"asset":"HYPE","value":2.61},{"asset":"TRX","value":-3.35},{"asset":"XRP","value":-0.66}]},{"currentSnapshotAt":"2026-09-30T16:30:00+00:00","previousSnapshotAt":"2026-09-29T16:30:00+00:00","value":2.22,"values":[{"asset":"AVAX","value":-1.43},{"asset":"HYPE","value":0.05},{"asset":"TRX","value":-1.69},{"asset":"XRP","value":-2.17}]}]},"oneWeekRr25LevelDispersionPercentile":{"status":"available","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; oneWeek.rr25Level","percentile":78.6,"observations":28,"minimumObservations":20,"window":{"start":"2026-08-30T23:59:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.oneWeek.rr25Level","crossAssetAnalysis.oneWeek.rr25Level"],"unavailableReason":null,"comparableAssets":["AVAX","HYPE","TRX","XRP"],"samples":[{"currentSnapshotAt":"2026-08-30T23:59:00+00:00","previousSnapshotAt":"2026-08-29T23:59:00+00:00","value":6.23,"values":[{"asset":"AVAX","value":1.78},{"asset":"HYPE","value":0.36},{"asset":"TRX","value":-3.64},{"asset":"XRP","value":2.59}]},{"currentSnapshotAt":"2026-08-31T22:04:00+00:00","previousSnapshotAt":"2026-08-30T22:04:00+00:00","value":3.95,"values":[{"asset":"AVAX","value":1.7},{"asset":"HYPE","value":0.22},{"asset":"TRX","value":2.87},{"asset":"XRP","value":-1.08}]},{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:27:00+00:00","value":2.53,"values":[{"asset":"AVAX","value":0.89},{"asset":"HYPE","value":-0.77},{"asset":"TRX","value":0.95},{"asset":"XRP","value":1.76}]},{"currentSnapshotAt":"2026-09-04T16:48:00+00:00","previousSnapshotAt":"2026-09-03T16:48:00+00:00","value":4.93,"values":[{"asset":"AVAX","value":3.93},{"asset":"HYPE","value":3.38},{"asset":"TRX","value":-1},{"asset":"XRP","value":0.15}]},{"currentSnapshotAt":"2026-09-05T18:43:00+00:00","previousSnapshotAt":"2026-09-04T18:43:00+00:00","value":0.56,"values":[{"asset":"AVAX","value":3.41},{"asset":"HYPE","value":3.27},{"asset":"TRX","value":3.47},{"asset":"XRP","value":2.91}]},{"currentSnapshotAt":"2026-09-06T16:59:00+00:00","previousSnapshotAt":"2026-09-05T16:59:00+00:00","value":8.35,"values":[{"asset":"AVAX","value":2.3},{"asset":"HYPE","value":3.66},{"asset":"TRX","value":-4.45},{"asset":"XRP","value":3.9}]},{"currentSnapshotAt":"2026-09-07T16:54:00+00:00","previousSnapshotAt":"2026-09-06T16:54:00+00:00","value":1.56,"values":[{"asset":"AVAX","value":2.23},{"asset":"HYPE","value":1.73},{"asset":"TRX","value":3.29},{"asset":"XRP","value":1.98}]},{"currentSnapshotAt":"2026-09-08T16:30:00+00:00","previousSnapshotAt":"2026-09-07T16:30:00+00:00","value":3.19,"values":[{"asset":"AVAX","value":2.44},{"asset":"HYPE","value":2.38},{"asset":"TRX","value":0.05},{"asset":"XRP","value":3.24}]},{"currentSnapshotAt":"2026-09-09T16:30:00+00:00","previousSnapshotAt":"2026-09-08T16:30:00+00:00","value":3.1,"values":[{"asset":"AVAX","value":2.69},{"asset":"HYPE","value":2.67},{"asset":"TRX","value":-0.41},{"asset":"XRP","value":2.52}]},{"currentSnapshotAt":"2026-09-10T16:30:00+00:00","previousSnapshotAt":"2026-09-09T16:30:00+00:00","value":4.53,"values":[{"asset":"AVAX","value":2.02},{"asset":"HYPE","value":-2.51},{"asset":"TRX","value":-1.01},{"asset":"XRP","value":-1.94}]},{"currentSnapshotAt":"2026-09-11T16:29:00+00:00","previousSnapshotAt":"2026-09-10T16:29:00+00:00","value":10.02,"values":[{"asset":"AVAX","value":4.51},{"asset":"HYPE","value":2.29},{"asset":"TRX","value":-5.51},{"asset":"XRP","value":3.89}]},{"currentSnapshotAt":"2026-09-12T16:29:00+00:00","previousSnapshotAt":"2026-09-11T16:29:00+00:00","value":3.92,"values":[{"asset":"AVAX","value":3.09},{"asset":"HYPE","value":1.49},{"asset":"TRX","value":-0.83},{"asset":"XRP","value":2.59}]},{"currentSnapshotAt":"2026-09-13T16:30:00+00:00","previousSnapshotAt":"2026-09-12T16:30:00+00:00","value":2.79,"values":[{"asset":"AVAX","value":2.98},{"asset":"HYPE","value":0.19},{"asset":"TRX","value":0.34},{"asset":"XRP","value":1.03}]},{"currentSnapshotAt":"2026-09-14T16:30:00+00:00","previousSnapshotAt":"2026-09-13T16:30:00+00:00","value":4.65,"values":[{"asset":"AVAX","value":2.01},{"asset":"HYPE","value":3.49},{"asset":"TRX","value":-0.66},{"asset":"XRP","value":3.99}]},{"currentSnapshotAt":"2026-09-15T21:01:00+00:00","previousSnapshotAt":"2026-09-14T21:01:00+00:00","value":1.35,"values":[{"asset":"AVAX","value":0.39},{"asset":"HYPE","value":-0.4},{"asset":"TRX","value":0.58},{"asset":"XRP","value":-0.77}]},{"currentSnapshotAt":"2026-09-16T16:30:00+00:00","previousSnapshotAt":"2026-09-15T16:30:00+00:00","value":5.4,"values":[{"asset":"AVAX","value":1.1},{"asset":"HYPE","value":2.14},{"asset":"TRX","value":-3.26},{"asset":"XRP","value":-1.46}]},{"currentSnapshotAt":"2026-09-17T16:39:00+00:00","previousSnapshotAt":"2026-09-16T16:39:00+00:00","value":4.85,"values":[{"asset":"AVAX","value":1.41},{"asset":"HYPE","value":6.26},{"asset":"TRX","value":3.1},{"asset":"XRP","value":5.1}]},{"currentSnapshotAt":"2026-09-18T16:30:00+00:00","previousSnapshotAt":"2026-09-17T16:30:00+00:00","value":11.68,"values":[{"asset":"AVAX","value":1.65},{"asset":"HYPE","value":11.31},{"asset":"TRX","value":-0.37},{"asset":"XRP","value":4.17}]},{"currentSnapshotAt":"2026-09-19T16:59:00+00:00","previousSnapshotAt":"2026-09-18T16:59:00+00:00","value":7.81,"values":[{"asset":"AVAX","value":6.59},{"asset":"HYPE","value":6.05},{"asset":"TRX","value":-1.22},{"asset":"XRP","value":1.23}]},{"currentSnapshotAt":"2026-09-20T16:30:00+00:00","previousSnapshotAt":"2026-09-19T16:30:00+00:00","value":5.89,"values":[{"asset":"AVAX","value":1.98},{"asset":"HYPE","value":2.06},{"asset":"TRX","value":-0.36},{"asset":"XRP","value":5.53}]},{"currentSnapshotAt":"2026-09-21T18:42:00+00:00","previousSnapshotAt":"2026-09-20T18:42:00+00:00","value":3.37,"values":[{"asset":"AVAX","value":5.83},{"asset":"HYPE","value":2.74},{"asset":"TRX","value":3.02},{"asset":"XRP","value":6.11}]},{"currentSnapshotAt":"2026-09-23T19:20:00+00:00","previousSnapshotAt":"2026-09-22T19:20:00+00:00","value":5.87,"values":[{"asset":"AVAX","value":5.66},{"asset":"HYPE","value":2.68},{"asset":"TRX","value":0.43},{"asset":"XRP","value":6.3}]},{"currentSnapshotAt":"2026-09-24T16:30:00+00:00","previousSnapshotAt":"2026-09-23T16:30:00+00:00","value":5.3,"values":[{"asset":"AVAX","value":5.14},{"asset":"HYPE","value":3.48},{"asset":"TRX","value":0.02},{"asset":"XRP","value":5.32}]},{"currentSnapshotAt":"2026-09-25T17:28:00+00:00","previousSnapshotAt":"2026-09-24T17:28:00+00:00","value":6.99,"values":[{"asset":"AVAX","value":4.93},{"asset":"HYPE","value":2.32},{"asset":"TRX","value":-2.06},{"asset":"XRP","value":4.88}]},{"currentSnapshotAt":"2026-09-26T17:24:00+00:00","previousSnapshotAt":"2026-09-25T17:24:00+00:00","value":8.54,"values":[{"asset":"AVAX","value":5.64},{"asset":"HYPE","value":3.92},{"asset":"TRX","value":-2.9},{"asset":"XRP","value":5.46}]},{"currentSnapshotAt":"2026-09-27T19:05:00+00:00","previousSnapshotAt":"2026-09-26T19:05:00+00:00","value":3.21,"values":[{"asset":"AVAX","value":6.09},{"asset":"HYPE","value":4.04},{"asset":"TRX","value":4.67},{"asset":"XRP","value":7.25}]},{"currentSnapshotAt":"2026-09-29T15:01:00+00:00","previousSnapshotAt":"2026-09-28T14:01:00+00:00","value":14.3,"values":[{"asset":"AVAX","value":10.51},{"asset":"HYPE","value":3.11},{"asset":"TRX","value":-3.79},{"asset":"XRP","value":6.76}]},{"currentSnapshotAt":"2026-09-30T16:30:00+00:00","previousSnapshotAt":"2026-09-29T16:30:00+00:00","value":10.11,"values":[{"asset":"AVAX","value":10.55},{"asset":"HYPE","value":5.31},{"asset":"TRX","value":0.44},{"asset":"XRP","value":7.69}]}]},"termStructureDispersionPercentile":{"status":"unavailable","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; termStructure.currentSlope","percentile":null,"observations":0,"minimumObservations":20,"window":{"start":null,"end":null},"sourceRefs":["storedHistoricalReports.termStructure.currentSlope","crossAssetAnalysis.termStructure.currentSlope"],"unavailableReason":"current-measurements-unavailable","comparableAssets":[],"samples":[]},"ivMinusRealisedDispersionPercentile":{"status":"unavailable","observationKind":"level","basis":"prior aligned same-asset same-cadence cross-sectional ranges; relativeValue.ivMinusRealised7d","percentile":null,"observations":2,"minimumObservations":20,"window":{"start":"2026-09-27T19:05:00+00:00","end":"2026-09-30T16:30:00+00:00"},"sourceRefs":["storedHistoricalReports.relativeValue.ivMinusRealised7d","crossAssetAnalysis.relativeValue.ivMinusRealised7d"],"unavailableReason":"insufficient-history","comparableAssets":["AVAX","HYPE","TRX","XRP"],"samples":[{"currentSnapshotAt":"2026-09-27T19:05:00+00:00","previousSnapshotAt":"2026-09-26T19:05:00+00:00","value":27.34,"values":[{"asset":"AVAX","value":-24.71},{"asset":"HYPE","value":-1.46},{"asset":"TRX","value":2.63},{"asset":"XRP","value":-8.41}]},{"currentSnapshotAt":"2026-09-30T16:30:00+00:00","previousSnapshotAt":"2026-09-29T16:30:00+00:00","value":17.17,"values":[{"asset":"AVAX","value":-14.05},{"asset":"HYPE","value":-0.17},{"asset":"TRX","value":3.12},{"asset":"XRP","value":-5.69}]}]}},"oneWeekAtmIvLevelDispersionPercentile":64.3,"oneWeekAtmIvChangeDispersionPercentile":0,"oneWeekRr25LevelDispersionPercentile":78.6,"termStructureDispersionPercentile":null,"ivMinusRealisedDispersionPercentile":null,"availabilityNote":"Percentiles require sufficient valid prior matching metric history."},"correlations":{"metric":"spotMove24hPercent","minimumObservations":10,"lookbackObservations":30,"pairs":[{"assets":["XRP","HYPE"],"value":0.5625,"observations":18},{"assets":["XRP","AVAX"],"value":0.3164,"observations":19},{"assets":["XRP","TRX"],"value":0.3702,"observations":19},{"assets":["HYPE","AVAX"],"value":0.4615,"observations":18},{"assets":["HYPE","TRX"],"value":0.2394,"observations":18},{"assets":["AVAX","TRX"],"value":0.295,"observations":19}],"availabilityNote":null},"evidence":[{"id":"alts-cross-1w-atm-change-dispersion","metric":"1W ATM IV change dispersion","unit":"volatility points","leader":"XRP","laggard":"AVAX","highest":1.06,"lowest":0.09,"spread":0.97,"highestToLowestRatio":11.7778,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":1.06,"values":[{"asset":"XRP","value":1.06},{"asset":"HYPE","value":0.82},{"asset":"AVAX","value":0.09},{"asset":"TRX","value":0.31}]},{"id":"alts-cross-1w-atm-level-dispersion","metric":"1W ATM IV level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":73.36,"lowest":21.17,"spread":52.19,"highestToLowestRatio":3.4653,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":73.36,"values":[{"asset":"XRP","value":52.16},{"asset":"HYPE","value":55.95},{"asset":"AVAX","value":73.36},{"asset":"TRX","value":21.17}],"previousSpread":52.41,"spreadChange":-0.22,"dispersionDirection":"compressing"},{"id":"alts-cross-1w-rr25-dispersion","metric":"1W RR25 level dispersion","unit":"volatility points","leader":"AVAX","laggard":"TRX","highest":4.38,"lowest":-3.56,"spread":7.94,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"AVAX","largestAbsoluteMoveValue":4.38,"values":[{"asset":"XRP","value":2.11},{"asset":"HYPE","value":3.13},{"asset":"AVAX","value":4.38},{"asset":"TRX","value":-3.56}],"previousSpread":8.31,"spreadChange":-0.37,"dispersionDirection":"compressing"},{"id":"alts-cross-term-structure-divergence","metric":"1Y minus 1W ATM IV slope dispersion","unit":"volatility points","leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}],"previousSpread":null,"spreadChange":null,"dispersionDirection":"unavailable"},{"id":"alts-cross-iv-minus-realised-dispersion","metric":"1W IV minus 7D realised volatility dispersion","unit":"volatility points","leader":"TRX","laggard":"HYPE","highest":6.86,"lowest":-5.24,"spread":12.1,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"TRX","largestAbsoluteMoveValue":6.86,"values":[{"asset":"XRP","value":3.35},{"asset":"HYPE","value":-5.24},{"asset":"AVAX","value":2.31},{"asset":"TRX","value":6.86}]},{"id":"alts-cross-spot-performance","metric":"24H spot performance dispersion","unit":"percentage points","leader":"TRX","laggard":"XRP","highest":-0.23,"lowest":-4.39,"spread":4.16,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"XRP","largestAbsoluteMoveValue":-4.39,"values":[{"asset":"XRP","value":-4.39},{"asset":"HYPE","value":-4.16},{"asset":"AVAX","value":-1.13},{"asset":"TRX","value":-0.23}]},{"id":"alts-cross-term-structure-change","metric":"1Y minus 1W ATM IV slope change dispersion","unit":"volatility points","leader":null,"laggard":null,"highest":null,"lowest":null,"spread":null,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":null,"largestAbsoluteMoveValue":null,"values":[{"asset":"XRP","value":null},{"asset":"HYPE","value":null},{"asset":"AVAX","value":null},{"asset":"TRX","value":null}]}]},"assets":[{"asset":"XRP","sourceData":{"page":"https://www.derivasys.com/data/xrp/2026-10-07","json":"https://www.derivasys.com/data/xrp/2026-10-07/data.json","csv":"https://www.derivasys.com/data/xrp/2026-10-07/data.csv"},"timestamps":{"currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00"},"oneWeek":{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":52.16,"previous":51.1,"change":1.06,"percentChange":2.07},"rr25":{"current":2.11,"previous":4.9,"change":-2.79,"percentChange":-56.94},"bf25":{"current":3.93,"previous":4.58,"change":-0.65,"percentChange":-14.19}},"tenors":[{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":52.16,"previous":51.1,"change":1.06,"percentChange":2.07},"rr25":{"current":2.11,"previous":4.9,"change":-2.79,"percentChange":-56.94},"bf25":{"current":3.93,"previous":4.58,"change":-0.65,"percentChange":-14.19}},{"tenor":"2W","availability":"available","unavailableReason":null,"atmIv":{"current":53.17,"previous":53.16,"change":0.01,"percentChange":0.02},"rr25":{"current":2.42,"previous":5.04,"change":-2.62,"percentChange":-51.98},"bf25":{"current":4.14,"previous":4.7,"change":-0.56,"percentChange":-11.91}},{"tenor":"1M","availability":"available","unavailableReason":null,"atmIv":{"current":53.78,"previous":54.78,"change":-1,"percentChange":-1.83},"rr25":{"current":2.89,"previous":5.78,"change":-2.89,"percentChange":-50},"bf25":{"current":4.67,"previous":5.06,"change":-0.39,"percentChange":-7.71}},{"tenor":"3M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"6M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"9M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"1Y","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}}],"realisedVolatility":{"source":"canonical/XRP-USDC-INDEX (DERIBIT and OKX indexes)","fallbackObservations":0,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-10-07T16:30:00+00:00","spotWindowStart":"2026-10-06T16:30:00+00:00","spotMetric":"spot-index return","spotUnit":"percent","spotMove24hPercent":-4.39,"rv24hPercent":51.94,"rv7dPercent":48.81,"rv30dPercent":69.97,"observations":{"24h":1440,"7d":10080,"30d":43200},"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"spotUnavailableReason":null,"oneWeekAtmIvPercent":52.16,"oneWeekIvMinus7dRvPoints":3.35,"oneWeekIvMinus24hRvPoints":0.22,"oneWeekIvMinus30dRvPoints":-17.81},"dataQuality":{"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"realisedVolatilityUnavailableReason":null,"fitQuality":null,"comparisonStatus":"available","comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":null,"nearestEligibleForward":{"label":"16OCT26","daysToExpiry":8.646,"forward":{"current":1.44,"previous":1.5,"change":-0.06,"percentChange":-4}}},{"asset":"HYPE","sourceData":{"page":"https://www.derivasys.com/data/hype/2026-10-07","json":"https://www.derivasys.com/data/hype/2026-10-07/data.json","csv":"https://www.derivasys.com/data/hype/2026-10-07/data.csv"},"timestamps":{"currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00"},"oneWeek":{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":55.95,"previous":55.13,"change":0.82,"percentChange":1.49},"rr25":{"current":3.13,"previous":1.29,"change":1.84,"percentChange":142.64},"bf25":{"current":3.11,"previous":2.63,"change":0.48,"percentChange":18.25}},"tenors":[{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":55.95,"previous":55.13,"change":0.82,"percentChange":1.49},"rr25":{"current":3.13,"previous":1.29,"change":1.84,"percentChange":142.64},"bf25":{"current":3.11,"previous":2.63,"change":0.48,"percentChange":18.25}},{"tenor":"2W","availability":"available","unavailableReason":null,"atmIv":{"current":55.76,"previous":55.43,"change":0.33,"percentChange":0.6},"rr25":{"current":2.85,"previous":1.01,"change":1.84,"percentChange":182.18},"bf25":{"current":2.71,"previous":2.43,"change":0.28,"percentChange":11.52}},{"tenor":"1M","availability":"available","unavailableReason":null,"atmIv":{"current":56.57,"previous":56.25,"change":0.32,"percentChange":0.57},"rr25":{"current":2.15,"previous":0.99,"change":1.16,"percentChange":117.17},"bf25":{"current":2.39,"previous":2.13,"change":0.26,"percentChange":12.21}},{"tenor":"3M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"6M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"9M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"1Y","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}}],"realisedVolatility":{"source":"canonical/HYPE-USDC-INDEX (DERIBIT and OKX indexes)","fallbackObservations":0,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-10-07T16:30:00+00:00","spotWindowStart":"2026-10-06T16:30:00+00:00","spotMetric":"spot-index return","spotUnit":"percent","spotMove24hPercent":-4.16,"rv24hPercent":56.52,"rv7dPercent":61.19,"rv30dPercent":66.77,"observations":{"24h":1440,"7d":10080,"30d":43200},"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"spotUnavailableReason":null,"oneWeekAtmIvPercent":55.95,"oneWeekIvMinus7dRvPoints":-5.24,"oneWeekIvMinus24hRvPoints":-0.57,"oneWeekIvMinus30dRvPoints":-10.82},"dataQuality":{"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"realisedVolatilityUnavailableReason":null,"fitQuality":null,"comparisonStatus":"available","comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":null,"nearestEligibleForward":{"label":"16OCT26","daysToExpiry":8.646,"forward":{"current":88.43,"previous":92.32,"change":-3.89,"percentChange":-4.21}}},{"asset":"AVAX","sourceData":{"page":"https://www.derivasys.com/data/avax/2026-10-07","json":"https://www.derivasys.com/data/avax/2026-10-07/data.json","csv":"https://www.derivasys.com/data/avax/2026-10-07/data.csv"},"timestamps":{"currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00"},"oneWeek":{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":73.36,"previous":73.27,"change":0.09,"percentChange":0.12},"rr25":{"current":4.38,"previous":6.56,"change":-2.18,"percentChange":-33.23},"bf25":{"current":3.8,"previous":4.12,"change":-0.32,"percentChange":-7.77}},"tenors":[{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":73.36,"previous":73.27,"change":0.09,"percentChange":0.12},"rr25":{"current":4.38,"previous":6.56,"change":-2.18,"percentChange":-33.23},"bf25":{"current":3.8,"previous":4.12,"change":-0.32,"percentChange":-7.77}},{"tenor":"2W","availability":"available","unavailableReason":null,"atmIv":{"current":73.12,"previous":72.68,"change":0.44,"percentChange":0.61},"rr25":{"current":5.11,"previous":6.71,"change":-1.6,"percentChange":-23.85},"bf25":{"current":4.17,"previous":4.23,"change":-0.06,"percentChange":-1.42}},{"tenor":"1M","availability":"available","unavailableReason":null,"atmIv":{"current":73.02,"previous":72.88,"change":0.14,"percentChange":0.19},"rr25":{"current":6.24,"previous":7.63,"change":-1.39,"percentChange":-18.22},"bf25":{"current":4.86,"previous":4.73,"change":0.13,"percentChange":2.75}},{"tenor":"3M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"6M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"9M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"1Y","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}}],"realisedVolatility":{"source":"canonical/AVAX-USDC-INDEX (DERIBIT and OKX indexes)","fallbackObservations":0,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-10-07T16:30:00+00:00","spotWindowStart":"2026-10-06T16:30:00+00:00","spotMetric":"spot-index return","spotUnit":"percent","spotMove24hPercent":-1.13,"rv24hPercent":97.3,"rv7dPercent":71.05,"rv30dPercent":91.82,"observations":{"24h":1440,"7d":10080,"30d":43200},"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"spotUnavailableReason":null,"oneWeekAtmIvPercent":73.36,"oneWeekIvMinus7dRvPoints":2.31,"oneWeekIvMinus24hRvPoints":-23.94,"oneWeekIvMinus30dRvPoints":-18.46},"dataQuality":{"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"realisedVolatilityUnavailableReason":null,"fitQuality":null,"comparisonStatus":"available","comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":null,"nearestEligibleForward":{"label":"16OCT26","daysToExpiry":8.646,"forward":{"current":11.34,"previous":11.45,"change":-0.11,"percentChange":-0.96}}},{"asset":"TRX","sourceData":{"page":"https://www.derivasys.com/data/trx/2026-10-07","json":"https://www.derivasys.com/data/trx/2026-10-07/data.json","csv":"https://www.derivasys.com/data/trx/2026-10-07/data.csv"},"timestamps":{"currentSnapshotAt":"2026-10-07T16:30:00+00:00","previousSnapshotAt":"2026-10-06T16:30:00+00:00"},"oneWeek":{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":21.17,"previous":20.86,"change":0.31,"percentChange":1.49},"rr25":{"current":-3.56,"previous":-1.75,"change":-1.81,"percentChange":-103.43},"bf25":{"current":2,"previous":1.59,"change":0.41,"percentChange":25.79}},"tenors":[{"tenor":"1W","availability":"available","unavailableReason":null,"atmIv":{"current":21.17,"previous":20.86,"change":0.31,"percentChange":1.49},"rr25":{"current":-3.56,"previous":-1.75,"change":-1.81,"percentChange":-103.43},"bf25":{"current":2,"previous":1.59,"change":0.41,"percentChange":25.79}},{"tenor":"2W","availability":"available","unavailableReason":null,"atmIv":{"current":19.89,"previous":19.01,"change":0.88,"percentChange":4.63},"rr25":{"current":-2.34,"previous":-0.3,"change":-2.04,"percentChange":-680},"bf25":{"current":2.12,"previous":1.96,"change":0.16,"percentChange":8.16}},{"tenor":"1M","availability":"available","unavailableReason":null,"atmIv":{"current":19.45,"previous":18.79,"change":0.66,"percentChange":3.51},"rr25":{"current":0.8,"previous":1.23,"change":-0.43,"percentChange":-34.96},"bf25":{"current":2.24,"previous":2.25,"change":-0.01,"percentChange":-0.44}},{"tenor":"3M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"6M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"9M","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}},{"tenor":"1Y","availability":"unavailable","unavailableReason":"The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null}}],"realisedVolatility":{"source":"canonical/TRX-USDC-INDEX (DERIBIT and OKX indexes)","fallbackObservations":0,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-10-07T16:30:00+00:00","spotWindowStart":"2026-10-06T16:30:00+00:00","spotMetric":"spot-index return","spotUnit":"percent","spotMove24hPercent":-0.23,"rv24hPercent":14.36,"rv7dPercent":14.31,"rv30dPercent":14.99,"observations":{"24h":1440,"7d":10080,"30d":43200},"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"spotUnavailableReason":null,"oneWeekAtmIvPercent":21.17,"oneWeekIvMinus7dRvPoints":6.86,"oneWeekIvMinus24hRvPoints":6.81,"oneWeekIvMinus30dRvPoints":6.18},"dataQuality":{"coverage":{"24h":{"status":"complete","observedReturns":1440,"expectedReturns":1440,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"7d":{"status":"complete","observedReturns":10080,"expectedReturns":10080,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null},"30d":{"status":"complete","observedReturns":43200,"expectedReturns":43200,"coveragePercent":100,"missingPriceMinutes":0,"missingIntervals":0,"largestMissingRunMinutes":0,"unavailableReason":null}},"coveragePolicy":{"version":"observed-minute-returns-v1","minimumCoveragePercent":99.5,"minimumCoveragePercentByWindow":{"24h":99.5,"7d":99.5,"30d":99.5},"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."},"realisedVolatilityUnavailableReason":null,"fitQuality":null,"comparisonStatus":"available","comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":null,"nearestEligibleForward":{"label":"16OCT26","daysToExpiry":8.646,"forward":{"current":0.34,"previous":0.34,"change":0,"percentChange":0}}}]}