DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterDRV	0.4306	+0.0096	pay 0.0012% / 1h	4m 44s	$399K	$547K	3x	Long Lighter7d free
SHORT	BybitDRVUSDT	0.4309	+0.0100	get 0.0050% / 4h	1h 04m	$355K	$1.5M	20x	Short Bybit

Price gap+0.079%

Funding gap+0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$5 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−$16+0.0004% /8h now · paid −0.164% over the last 7 hours (all we have)

Price+$5spread +0.079% now, avg +0.029% → +0.050% if it goes back

Costs−$1911.910% of $10k · taker + slippage, in and out

Result−$202−2.02%+ 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+0.079%

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 size55.0 / 53.2 bp
At $10k entering Lighter costs 55.0 bp, fee and slippage, 1.0× Bybit’s.
Note: Margin at max leverage$3,333 + $500
Lighter 3x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter: 24 payments, −$2.88; short Bybit: 6 payments, +$3.00.
OK: Entry gap works for you+0.079% vs +0.029%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$355K vs $399K 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: KYCLighter No · Bybit Yes
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−0.1898%/8h × 21 periods−$398.49

Price spread+0.079% → +0.029% (7d avg)+$4.98

Slippage, 4 orderslive order books−$180.03

Fee Lighter bp × 2 orders$0.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$584.54

Costs to cover1.910%Break-evennever at this rate

Slippage: Lighter: live order book, 14 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter0.9355.0 bp−$55doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit10.4553.2 bp−$53782.8 bp−$7,828doesn’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