Enter the Permuto Volatility Cup. See if you’ve mastered trading volatility with svPerps. Compete for $25k worth of XCH using simulated funds.
Take a position on VOLATILITY ITSELF
Statistical Volatility Perpetuals (svPerps) – perpetual contracts on the realized volatility of U.S. equities. On-chain settlement, self-custody collateral, no expiry.
ONLY EXPOSURE TO VOL
A direct instrument for U.S. equity volatility
For the first time ever, you can get exposure to only volatility using a direct instrument. The right tool for a specific job, without having to accept the current constraints.
Do you think this stock is about to move more, or less? Buy (go long) if you expect an active market. Sell (go short) if you think things are settling down. Profit and losses are credited in real time as the vol index moves.
THREE MARKETS OPEN NOW
THE MECHANICS
How the index works, positions are margined, and settlement operates
A Live Statistical Vol Index
A single number built from price movement over the preceding 60 seconds, refreshed every five seconds during U.S. market hours.
Trade in Realtime, 24/7
While the markets may close, the platform never does. Trade overnight, weekends, and even holidays.
No counterparty risk
Collateral stays in a public, on-chain account wallet. Withdrawals are enforced only by the blockchain, not by us.
Lever Up
Margin positions are margined in wUSDC.b (a USD-pegged token on the Chia blockchain, 1 token ≈ $1) with up to 10× leverage — a $1,000 notional position requires $100 of collateral.
DITCH CONTRACTUAL Risk
The Chia blockchain secures custody and enforces settlement.
Your collateral, your account
Margin is held in a public on-chain account. Only rules written into the blockchain can move it — not Permuto, not anyone else.
Settlement you can verify
Every five minutes the platform publishes a complete record of all activity on-chain. Check balances and trade history yourself, any time.
Withdrawals that can't be blocked
Initiate a withdrawal directly from the Chia blockchain — no approval from Permuto needed.
COMING SOON: TRADING svPERPS
Go straight to the platform, or get in touch if you have questions first.