{"uid":"cap_4nK3uz6xiXkxTucib9729","slug":"dripmetrics-vrp-variance-risk-premium-for-btc-b3ee7a9f","name":"DripMetrics VRP (Variance Risk Premium) for BTC","description":"DripMetricsAI (https://dripmetrics.ai/) provides on-demand BTC option-derived metrics that combine the Deribit option chain with DripMetrics' own trade-level realized calculations. Agents can pay per request via x402 and receive structured JSON metrics without subscriptions or API keys. VRP measures the intraday variance risk premium: shortest-dated Deribit ATM implied variance minus DripMetrics' annualized trade-level realized variance over the requested window.","url":"https://api.dripmetrics.ai/options/vrp","method":"GET","headers":{},"bodySchema":{"type":"object","$schema":"https://json-schema.org/draft/2020-12/schema","required":["input"],"properties":{"input":{"type":"object","required":["type","method"],"properties":{"type":{"type":"string","const":"http"},"method":{"enum":["GET"],"type":"string"},"queryParams":{"type":"object","required":[],"properties":{"window":{"enum":["30m","1h","2h","3h"],"type":"string","description":"Lookback window for the realized (trade tape) leg. Defaults to 30m."}},"additionalProperties":false}},"additionalProperties":false},"output":{"type":"object","required":["type"],"properties":{"type":{"type":"string"},"example":{"type":"object","required":["metric","pair","value","components","sampleSize","source","computedAt"],"properties":{"pair":{"type":"string","const":"BTC"},"value":{"type":["number","null"]},"metric":{"type":"string"},"source":{"type":"object"},"window":{"type":"string"},"components":{"type":"object"},"computedAt":{"type":"string","format":"date-time"},"sampleSize":{"type":"object"}},"additionalProperties":false}}}}},"responseSchema":{"type":"json","example":{"pair":"BTC","value":0.0621,"metric":"vrp","source":{"chain":"https://www.deribit.com/api/v2/public/get_book_summary_by_currency?currency=BTC&kind=option","index":"https://www.deribit.com/api/v2/public/get_index_price?index_name=btc_usd","trades":"DripMetrics BTC trade cache"},"window":"30m","components":{"ivAtm":0.52,"expiry":"2026-07-09T08:00:00.000Z","strike":108000,"forward":108120.5,"dteHours":18,"rvWindow":0.00343,"carryRatio":0.8752,"rvAnnualized":0.4551,"breakevenWindowMovePct":0.00392},"computedAt":"2026-07-08T14:00:00.000Z","sampleSize":{"trades":2148,"intervals":29}}},"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.05","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.05/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_uzeMyTrfUxNWRDXAu9GY6","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.05","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns the intraday variance risk premium for BTC by subtracting trade-level realized variance from the shortest-dated Deribit ATM implied variance over a chosen lookback window.","exampleAgentPrompt":"What's the current BTC variance risk premium right now? Use the 1-hour lookback window so I can see how much the Deribit ATM implied variance is exceeding the realized variance from recent trades.","exampleUseCases":null,"resultDescription":"A structured JSON object containing: the metric name ('VRP'), the asset pair ('BTC'), the computed VRP value (implied variance minus realized variance, annualized), a components object breaking out the implied and realized variance legs, the lookback window used, sample size details, source attribution (Deribit + DripMetrics), and a UTC timestamp of when the metric was computed.","failureModes":["Insufficient trade data in the requested window returns null value for VRP or reduced sample size","Deribit option chain unavailable may cause computation failure or partial result","Invalid window parameter (not one of 30m, 1h, 2h, 3h) returns a validation error","Payment not provided or insufficient USDC triggers a 402 Payment Required response","No shortest-dated ATM options available (e.g. expiry gap) may cause null implied variance component"],"whenToPreferThis":"Choose this endpoint when you need a real-time, on-demand BTC variance risk premium that combines live Deribit implied volatility with DripMetrics' proprietary trade-tape realized variance — especially when you want a pay-per-call model with no subscription or API key, and when intraday granularity (30m–3h windows) matters for timing options trades or monitoring vol risk premium regimes.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-14T00:37:20.229Z","isFirstParty":false}