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VIX term slope

What it is

VIX term slope — registry key vix_term_slope.

Daily-signals column exposed for sparkline charts; raw value, no classification bands.

Source

Source module: market
Data source: computed

Derived metric — produced inside the platform (app/sources/market.py or equivalent) rather than fetched as a raw upstream value. See the How it's computed section below for the formula.

How it’s computed

Front-month VIX vs second-month VIX futures slope: (VX2_settle − VX1_settle) / VX1_settle. Positive = contango (calm); negative = backwardation (stress). See app/sources/market.py:VIX_Term_Slope.

Where it surfaces

• API field: volatility.term_slope on GET /api/v1/signals/latest
• Surface: daily_signals row (daily-cadence persistence)
• Surface: /signals/sparklines (UI sparklines)

Health-score / alignment role

Data carrier — no implication, no health-score contribution.

Persisted for downstream consumers (sparklines, base-rate matcher, calibration substrate) but does not classify into BULLISH / NEUTRAL / BEARISH and does not contribute to the 0-100 health score.

Release cadence

• Publishes: intraday

See also

• /kb/api/get-signals-latest — API endpoint that serves this field.