DVOL futures on Deribit are cash settled in USDC. When the contract expires, the expiration price is calculated as the 60 minute time weighted average price (TWAP) of the Deribit volatility index (DVOL).
Max Amount (Coins) is the maximum allowed position size for Standard Margin accounts, measured in BTCDVOL. These values apply from 24 September 2026 at 09:00 UTC. Initial and maintenance margin follow the Standard Margin framework; BTCDVOL futures are in Tier 6.
|
Futures |
BTCDVOL |
|---|---|
|
Symbol |
BTCDVOL_USDC-DDMMMYY Date: (2 numbered date, 3 letters of month, 2 numbers of year) |
|
Underlying Asset / Ticker |
DVOL of BTC / 1 USDC per Index Point, with contract size 0.1 BTCDVOL |
|
Type |
Linear |
|
Category |
Future |
|
Trading hours |
24/7 |
|
Quoted Currency |
USD |
|
Margin Currency |
USDC |
|
Maximum leverage (based on Initial Margin) |
x10 |
|
Mark price |
Mark Price = Index Price + 30 seconds EMA of (Futures Market Price - Index Price) The Market Price is the last traded futures price if it falls between the current best bid and the best ask. Otherwise if the last traded price is lower than the best bid, the Market Price will be the best bid. If the last traded price is higher than the best ask, the Market Price will be the best ask. |
|
Funding damper |
- |
|
Funding cap |
- |
|
Delivery price |
Time-weighted average of BTCDVOL Index, as measured between 07:00 and 08:00 UTC |
|
Settlement method |
Cash settlement in USDC |
|
Settlement |
Daily at 8:00 AM UTC |
|
Expiration dates |
Wednesday 8:00 AM UTC |
|
Liquidation fees |
- |
|
Contract size |
0.1 BTCDVOL |
|
Minimum order size |
0.1 BTCDVOL |
|
Minimum tick size |
0.1 USDC |
|
Minimum block size |
200,000 USDC |
|
Minimum block tick size |
- |
|
Max Amount (Coins) |
50,000 BTCDVOL |
|
Trading bandwidths |
- |