DRV

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:DRV	0.3496	+0.0395	pay 0.0049% / 1h	50m 00s	$211K	$45K	5x	Long Paragon
SHORT	LighterDRV	0.3503	+0.0096	get 0.0012% / 1h	50m 00s	$306K	$276K	3x	Short Lighter7d free

Price gap+0.183%

Funding gap−0.0299% /8h

The gap pays +$18 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 48 hours. At the last 7 days' pace that is about 24 hours.

If you open now and hold

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

Funding−$110−0.0299% /8h now · paid −1.099% over the last 6 days (all we have)

Price+$18spread +0.183% now, avg +0.005% → +0.178% if it goes back

Costs−$4304.304% of $10k · taker + slippage, in and out

Result−$522−5.22%+ 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+0.183%

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 size191.8 / 23.1 bp
At $10k entering Paragon costs 191.8 bp, fee and slippage, 8.3× Lighter’s.
Note: Margin at max leverage$2,000 + $3,333
Paragon 5x, Lighter 3x. 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: −$8.98Long Paragon: 24 payments, −$11.86; short Lighter: 24 payments, +$2.88.
OK: Entry gap works for you+0.183% vs +0.005%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$211K vs $306K 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 legParagon No · Lighter 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−0.0606%/8h × 21 periods−$127.19

Price spread+0.183% → +0.005% (7d avg)+$17.85

Slippage, 4 orderslive order books−$412.39

Fee Paragon bp × 2 orders−$18.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$539.73

Costs to cover4.304%Break-evennever at this rate

Slippage: Paragon: live order book, 55 min ago; Lighter: live order book, 55 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon10.97191.8 bp−$192doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTLighter3.5723.1 bp−$23120.4 bp−$1,204doesn’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