DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitDRVUSDT	0.4110	+0.0100	pay 0.0050% / 4h	3h 57m	$340K	$1.7M	20x	Long Bybit
SHORT	LighterDRV	0.4117	+0.0096	get 0.0012% / 1h	57m 42s	$374K	$579K	3x	Short Lighter7d free

Price gap+0.168%

Funding gap−0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$17 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$17−0.0004% /8h now · paid +0.165% over the last 8 hours (all we have)

Price+$17spread +0.168% now, avg −0.003% → +0.171% if it goes back

Costs−$1931.932% of $10k · taker + slippage, in and out

Result−$160−1.60%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.168%

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

DRV on 5 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size64.0 / 36.9 bp
At $10k entering Bybit costs 64.0 bp, fee and slippage, 1.7× Lighter’s.
Note: Margin at max leverage$500 + $3,333
Bybit 20x, Lighter 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.12Long Bybit: 6 payments, −$3.00; short Lighter: 24 payments, +$2.88.
OK: Entry gap works for you+0.168% vs −0.003%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$340K vs $374K OI
Bybit sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCBybit Yes · Lighter No
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.1646%/8h × 21 periods+$345.62

Price spread+0.168% → −0.003% (7d avg)+$17.12

Slippage, 4 orderslive order books−$182.16

Fee Bybit bp × 2 orders−$11.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k+$169.57

Costs to cover1.932%Break-even3.6 days

Slippage: Bybit: live order book, 2 min ago; Lighter: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit19.4664.0 bp−$641119.9 bp−$11.2Kdoesn’t fitdoesn’t fit

SELL · SHORTLighter1.4436.9 bp−$371012.1 bp−$10.1Kdoesn’t fitdoesn’t fit

Closing costs about the same again.

DRV news

posts that mention DRV, from every exchangeSearch all news →

10-16 13:23	BloFin	Listing	BloFin Futures has listed the $DRV-USDT Perpetual Contract 🫡 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees Details: @BloFin_Official on X ↗
10-16 13:22	BloFin	Listing	new market DRV-USDT ($DRV) seen by our collector
10-16 09:30	Bybit	Listing	new market DRVUSDT ($DRV) seen by our collector
10-15 13:00	HTX	Listing	📣New Listing Alert! $DRV @DeriveXYZ on HTX! Deposits Opened Trading Starts Now! @HTX_Global on X ↗
10-14 11:00	Derive	Token	Weekly Buyback #88 Complete 106,580 DRV was purchased at an average price of $0.45. Derive DAO has bought back a total of 28,209,375 DRV. Buybacks are currently allocated 35% of protocol fees. From this epoch onwards, buybacks will be allocated 50% of protocol fees. @DeriveXYZ on X ↗
10-10 08:32	edgeX	Listing	new market DRVUSDC ($DRV) seen by our collector

DRV