DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterDRV	0.3507	+0.0096	pay 0.0012% / 1h	57m 03s	$307K	$280K	3x	Long Lighter7d free
SHORT	Paragonpara:DRV	0.3510	+0.1033	get 0.0129% / 1h	57m 03s	$213K	$44K	5x	Short Paragon

Price gap+0.094%

Funding gap+0.0937% /8h

Both sides work: funding pays +$28 a day on $10k, and the gap is 0.100% above its 7d average: +$10 more if it goes back.

If you open now and hold

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

Funding+$108+0.0937% /8h now · paid +1.083% over the last 6 days (all we have)

Price+$10spread +0.094% now, avg −0.006% → +0.100% if it goes back

Costs−$4314.313% of $10k · taker + slippage, in and out

Result−$313−3.13%+ 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+0.094%

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

4 ok · 2 to watch

Watch: Thin at this size10.9 / 222.6 bp
At $10k entering Paragon costs 222.6 bp, fee and slippage, 20.4× Lighter’s.
Note: Margin at max leverage$3,333 + $2,000
Lighter 3x, 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.
Next 24h at the current rates, on $10k a leg: +$28.10Long Lighter: 24 payments, −$2.88; short Paragon: 24 payments, +$30.98.
OK: Entry gap works for you+0.094% vs −0.006%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$213K vs $307K OI
Paragon sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legLighter No · Paragon 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 earned+0.0602%/8h × 21 periods+$126.32

Price spread+0.094% → −0.006% (7d avg)+$9.98

Slippage, 4 orderslive order books−$413.33

Fee Lighter bp × 2 orders$0.00

Fee Paragon bp × 2 orders−$18.00

Net · 7 days · $10k−$295.03

Costs to cover4.313%Break-even23.3 days

Slippage: Lighter: live order book, 56 min ago; Paragon: live order book, 51 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter1.5710.9 bp−$11345.6 bp−$3,456doesn’t fitdoesn’t fit

SELL · SHORTParagon10.97222.6 bp−$223doesn’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