IV vs Realized Volatility

The variance risk premium, the gap between what options cost and what the market actually delivers.

Implied vol is what the market charges for options; realized vol is what actually happened. Their difference is the variance risk premium. Positive means implied sits above realized; negative means realized has outrun what options priced in. This page tracks ATM 30-day IV against trailing 30-day realized vol across all six Deribit coins, with ORIA regime classification and a 30-day percentile for context.