DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:DRV	0.3514	+0.1260	pay 0.0157% / 1h	57m 00s	$203K	$59K	5x	Long Paragon
SHORT	BybitDRVUSDT	0.3501	−0.1138	pay 0.0569% / 4h	57m 00s	$791K	$700K	20x	Short Bybit

Price gap−0.364%

Funding gap−0.2398% /8h

Both sides work against this direction now: funding costs $72 a day on $10k and the gap is 0.235% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$171−0.2398% /8h now · paid −1.706% over the last 6 days (all we have)

Price−$23spread −0.364% now, avg −0.129% → −0.235% if it goes back

Costs−$4424.423% of $10k · taker + slippage, in and out

Result−$636−6.36%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−0.364%

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

0 ok · 5 to watch

Watch: Thin at this size180.4 / 52.1 bp
At $10k entering Paragon costs 180.4 bp, fee and slippage, 3.5× Bybit’s.
Note: Margin at max leverage$2,000 + $500
Paragon 5x, 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: −$71.95Long Paragon: 24 payments, −$37.80; short Bybit: 6 payments, −$34.15.
Watch: Gap narrower than usual−0.364% vs −0.129%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$203K vs $791K OI
Paragon sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCParagon 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−0.1011%/8h × 21 periods−$212.23

Price spread−0.364% → −0.129% (7d avg)−$23.47

Slippage, 4 orderslive order books−$413.31

Fee Paragon bp × 2 orders−$18.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$678.01

Costs to cover4.423%Break-evennever at this rate

Slippage: Paragon: live order book, 13 min ago; Bybit: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon12.66180.4 bp−$180doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit1.4352.1 bp−$521579.2 bp−$15.8Kdoesn’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