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CBOE Volatility Index (VIX) Perpetual Futures

CBOE Volatility Index (VIX) Perpetual Futures — Live Data

Market Overview

The VIX measures the implied volatility of S&P 500 options over the next 30 days, commonly called the "fear gauge" of global financial markets. VIX perpetual futures allow traders to take directional positions on equity market volatility, with the VIX spiking sharply during equity market selloffs and declining during calm trending markets. For crypto traders, VIX is a critical macro indicator — elevated VIX readings above 25-30 historically correlate with crypto selloffs as risk assets are liquidated simultaneously.

VIX Perps Data — ETFs/Indices Category

Trading Tips for CBOE Volatility Index Perps

VIX perps are mean-reverting by nature — the index spikes during crises and reverts lower as calm returns, making short VIX positions profitable in calm markets but with tail risk during sudden selloffs. Use VIX levels as a regime indicator for crypto: VIX below 15 is historically bullish for crypto, while VIX above 30 tends to correlate with crypto liquidation events. Never hold short VIX positions into major risk events like Fed meetings without defined risk management.

Where to Trade CBOE Volatility Index (VIX) Perpetual Futures

CBOE Volatility Index (VIX) perpetual futures are available on 2 exchanges. Compare fees, leverage, and features below to find the best platform for trading VIX perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5

Frequently Asked Questions — CBOE Volatility Index (VIX)

What is the current VIX perpetual futures funding rate?
The live CBOE Volatility Index (VIX) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing VIX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest VIX perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 VIX perpetual futures trade across all major exchanges. Compare fees for VIX perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does CBOE Volatility Index open interest compare across exchanges?
CBOE Volatility Index (VIX) open interest is broken down by exchange in the chart above, showing the total value of outstanding VIX derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the VIX long/short ratio indicate?
The CBOE Volatility Index long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
How can I trade CBOE Volatility Index index perpetual futures?
CBOE Volatility Index index perps are available on decentralized exchanges like Hyperliquid and dYdX. Create an account, deposit USDC or USDT as collateral, and open a long or short position with your desired leverage. Index perps trade 24/7, so you can react to market-moving events outside traditional trading hours.
Where can I trade VIX perpetual futures?
CBOE Volatility Index (VIX) perps are currently listed on 2 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: ETFs/Indices · Data updates every 2 minutes · All rates shown are annualized