Funding arb · Price arb / Crypto

DRV

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LONGAster▾BloFin +0.0060%Aster +0.0100%Bybit +0.0100%edgeX +0.0100%TxFlow +0.0100%Phoenix +0.0174%Lighter +0.0232%

⇄⇅

SHORTParagon▾Paragon +0.2504%Lighter +0.0232%Phoenix +0.0174%Bybit +0.0100%edgeX +0.0100%TxFlow +0.0100%BloFin +0.0060%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AsterDRVUSDT	0.3137	+0.0100	pay 0.0013% / 1h	58m 51s	$60K	$68K	5x	Long Aster≤10% back
SHORT	Paragonpara:DRV	0.3142	+0.2504	get 0.0313% / 1h	58m 51s	$192K	$237K	5x	Short Paragon

Price gap+0.160%

Funding gap+0.2404% /8h

Both sides work: funding pays +$72 a day on $10k, and the gap is 0.160% above zero (no 7-day history yet): +$16 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.283% in total, about +0.0611%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.160%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AsterParagon

DRV on 8 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Aster: its slippage is not counted.
• i
  Note: Margin at max leverage$2,000 + $2,000

  Aster 5x, Paragon 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Aster · 1h−$3.00

  Short Paragon · 1h+$75.13

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$72.13Long Aster: 24 payments, −$3.00; short Paragon: 24 payments, +$75.13.
• i
  Note: No 7-day spread history+0.160%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$60K vs $192K OI

  Aster sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAster Stage 5

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legAster No · Paragon No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0611%/8h × 21 periods+$128.27

Price spread+0.160% → 0+$16.00

Slippage, 4 ordersno data for Aster—

Fee Aster bp × 2 orders−$8.00

Fee Paragon bp × 2 orders−$18.00

Net, fees only · 7 days · $10k+$118.27

Costs to cover0.260%Break-even0.5 days

Slippage: Aster: no order-book sample; Paragon: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAster—————

SELL · SHORTParagon36.24doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Aster: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

DRV news

posts that mention DRV, from every exchangeSearch all news →

10-28 15:43	Phoenix	Listing	Now live on Phoenix: $DRV Derive @DeriveXYZ is an onchain options and perps exchange that settles on Ethereum with zero-knowledge proofs. DRV is the protocol token. @PhoenixTrade on X ↗
10-28 13:48	Derive	Other	V3 is running smoothly, and our team keeps shipping improvements. Here are three features going into effect for traders soon: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • $DRV perps. You can trade DRV with up to 3x leverage and use your DRV holdings as collateral in supported accounts. • More collateral options. You can borrow more against HYPE and kHYPE in eligible accounts, and use $LIT to back supported altcoin trades. @DeriveXYZ on X ↗
10-28 01:48	Derive	Token	Weekly Buyback #90 Complete 175,393 DRV was purchased at an average price of $0.37. Derive DAO has bought back a total of 28,533,700 DRV. Buybacks are currently allocated 50% of protocol fees. @DeriveXYZ on X ↗
10-27 20:04	Phoenix	Listing	new market DRV ($DRV) seen by our collector
10-21 21:04	Derive	Token	Weekly Buyback #89 Complete 148,932 DRV was purchased at an average price of $0.40. Derive DAO has bought back a total of 28,358,307 DRV. Buybacks are currently allocated 50% of protocol fees. @DeriveXYZ on X ↗
10-20 13:00	Paragon	Listing	Derive ($DRV) is now trading 24/7 on Hyperliquid. 5x leverage. DRV is the native token of @DeriveXYZ, which offers onchain crypto options and perps. Trade now on Hyperliquid: @tradeparagon on X ↗