Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

DRV

All DRV markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
LighterDRV
0.3835+0.1224pay 0.0153% / 1h56m 33s$32K$43K3xLong Lighter7d free
SHORT
AsterDRVUSDT
0.3452+0.0100get 0.0013% / 1h56m 33s$22K$4K5xShort Aster≤10% back
Price gap−9.984%
Funding gap−0.1124% /8h

Both sides work against this direction now: funding costs $34 a day on $10k and the gap is 9.984% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—−0.1124% /8h now · no funding history yet
Price—spread −9.984% now · no price history on both exchanges yet
Costsno datano order book for Lighter and Aster
Result, before costs—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds funding history

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−9.984%
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 2 exchanges

lowest funding first

Before you open

3 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Lighter and Aster: its slippage is not counted.
  • Note: Margin at max leverage$3,333 + $2,000
    Lighter 3x, Aster 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.
    Next 24h at the current rates, on $10k a leg: −$33.72Long Lighter: 24 payments, −$36.72; short Aster: 24 payments, +$3.00.
  • Note: No 7-day spread history−9.984%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$22K vs $32K OI
    Aster sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3 · Aster Stage 5
    Volume here counts toward the points program.
  • OK: No KYC on either legLighter No · Aster No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate−$236.04
Price spread−9.984% → 0−$998.36
Slippage, 4 ordersno data for Lighter and Aster—
Fee Lighter bp × 2 orders$0.00
Fee Aster bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$1,242.40
Costs to cover0.080%Break-evennever at this rate
Slippage: Lighter: no order-book sample; Aster: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter—————
SELL · SHORTAster—————

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

Alert

DRV news

posts that mention DRV, from every exchangeSearch all news →
10-08 10:58Lighter RHListingNew perp listing! You can now trade $DRV on Lighter Core at 3x leverage. @Lighter_xyz on X ↗
10-08 09:56LighterListingnew market DRV ($DRV) seen by our collector
10-06 08:35DeriveTokenWeekly Buyback #87 Complete 124,238 DRV was purchased at an average price of $0.41. Derive DAO has bought back a total of 28,102,795 DRV. Buybacks are currently allocated 35% of protocol fees. From October 14 onwards, buybacks will be allocated 50% of protocol fees. @DeriveXYZ on X ↗
10-02 13:26DeriveTokenVoting is now open on Snapshot for the proposal to increase the allocation of protocol revenue to DRV buybacks from 35% to 50%. Review the proposal and cast your vote: @DeriveXYZ on X ↗
10-01 00:11DeriveTokenSeptember at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-30 10:00DeriveTokenWeekly Buyback #86 Complete 196,096 DRV was purchased at an average price of $0.40. Derive DAO has bought back a total of 27,978,557 DRV. Buybacks are allocated 35% of protocol fees. @DeriveXYZ on X ↗