DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitDRVUSDT	0.3501	−0.1349	get 0.0675% / 4h	1h 51m	$791K	$705K	20x	Long Bybit
SHORT	Paragonpara:DRV	0.3511	+0.0624	get 0.0078% / 1h	51m 34s	$202K	$58K	5x	Short Paragon

Price gap+0.273%

Funding gap+0.1973% /8h

Both sides work: funding pays +$59 a day on $10k, and the gap is 0.146% above its 7d average: +$15 more if it goes back.

If you open now and hold

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

Funding+$170+0.1973% /8h now · paid +1.697% over the last 6 days (all we have)

Price+$15spread +0.273% now, avg +0.128% → +0.146% if it goes back

Costs−$4254.248% of $10k · taker + slippage, in and out

Result−$240−2.40%no pointsWhat 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+0.273%

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 7 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size47.3 / 161.4 bp
At $10k entering Paragon costs 161.4 bp, fee and slippage, 3.4× Bybit’s.
Note: Margin at max leverage$500 + $2,000
Bybit 20x, Paragon 5x. 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: +$59.20Long Bybit: 6 payments, +$40.48; short Paragon: 24 payments, +$18.72.
OK: Entry gap works for you+0.273% vs +0.128%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$202K vs $791K OI
Paragon sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · Paragon 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+0.1012%/8h × 21 periods+$212.55

Price spread+0.273% → +0.128% (7d avg)+$14.57

Slippage, 4 orderslive order books−$395.76

Fee Bybit bp × 2 orders−$11.00

Fee Paragon bp × 2 orders−$18.00

Net · 7 days · $10k−$197.64

Costs to cover4.248%Break-even13.5 days

Slippage: Bybit: live order book, 48 min ago; Paragon: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit4.2747.3 bp−$47doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTParagon13.20161.4 bp−$161doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

DRV news

posts that mention DRV, from every exchangeSearch all news →

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 ↗
10-20 12:27	Paragon	Listing	new market para:DRV ($DRV) seen by our collector
10-19 07:59	BloFin	Listing	BloFin Spot will list $DRV @DeriveXYZ 🔥 Deposits: 10:30 UTC on October 19 Spot trading: 11:00 UTC on October 19 Withdrawals: 11:00 UTC on October 20 Details: @BloFin_Official on X ↗
10-19 07:42	TxFlow	Listing	new market DRV-USDC ($DRV) seen by our collector
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 ↗

DRV