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Derive Live
Optionly aggregates public market data from Deribit and Derive. Nothing here is investment advice. Links to Derive may use Optionly's broker code, which pays Optionly a share of exchange fees at no cost to you.

Smart Money

The 14 wallets in the top decile of Derive traders by risk-adjusted 30-day realized PnL, market makers excluded, at least ten closing fills each. Their open positions are summed here. In BTC they are net short 109 call contracts, net short 208 put contracts and net short 173.6 perps. Positions come from public fills since the backfill start, so long-held positions may be partial. Membership refreshes every 15 minutes.

Net positioning by asset
Contracts, summed across the cohort. Positive = net long.
AssetNet callsNet putsNet perpGross notional
BTC-109.5-207.7-173.62$781M
ETH-3951.42196.5-3646.33$223M
HYPE88187.7127572.2-75447.46$191M
SOL-8972.2-1156.917223.39$28M
XRP-47280.0-3793695.4393254.60$11M
The cohort
Ranked by score: PnL weighted by win rate, scaled by activity.
WalletStyle30d PnLWinFills
0x96b9…a701hedger$6M9%3875
0x3bf6…3efbhedger$5M90%18809
0x1680…5ab4mixed retail$172K89%56
0xd31e…450bmixed retail$178K76%114
0xaf32…3811premium seller$98K100%33
0x3aaa…471bhedger$2M59%29561
0x004b…f972mixed retail$69K75%38
0x46a2…ae45premium seller$55K100%55
0x4ccd…e700mixed retail$60K87%39
0x88a8…01d6mixed retail$46K100%105
0xd699…5a26wing buyer$37K90%75
0x1432…c81dperp trader$30K100%111
0xbd80…16ecmixed retail$31K87%109
0x6c57…b1a5mixed retail$31K72%49
Where they are clustered
Instruments by gross notional held across the cohort, with how many wallets are long versus short.
InstrumentNet contractsLong / short walletsGross notional
BTC-20260925-75000-C+880.132 / 1$69M
BTC-20260925-80000-C-850.840 / 4$67M
BTC-20260911-82000-C-0.691 / 2$64M
BTC-20260911-85000-C+0.272 / 1$64M
BTC-20260925-70000-C-96.171 / 1$43M
BTC-20260925-80000-P+512.442 / 0$41M
BTC-20260925-75000-P-505.350 / 2$39M
BTC-20261225-100000-C+0.371 / 1$37M
BTC-20260918-90000-C0.001 / 1$32M
BTC-20260910-84000-C0.001 / 1$32M
BTC-20260910-81000-C0.001 / 1$32M
BTC-20261030-95000-C+6.832 / 1$32M
BTC-20261030-85000-C-2.492 / 1$31M
BTC-20261030-50000-P-3.571 / 2$27M
BTC-20261030-65000-P-340.920 / 2$27M
ETH-20261030-2800-C+557.953 / 1$23M
BTC-20261030-55000-P+310.373 / 0$23M
ETH-20261030-2400-C+37.461 / 2$22M
BTC-20260918-86000-C0.002 / 2$21M
HYPE-20261030-100-C-254599.000 / 3$21M
HYPE-20261030-105-C+248497.001 / 2$20M
HYPE-20261030-85-C+248808.001 / 2$20M
HYPE-20261030-95-C-249017.001 / 2$20M
ETH-20260925-2200-C-657.461 / 2$16M
BTC-20260918-92000-C0.001 / 1$16M
BTC-PERP-173.622 / 2$15M
ETH-PERP-3646.331 / 3$13M
SOL-20260925-100-C-15321.102 / 1$10M
ETH-20260918-2600-C+72.002 / 1$10M
HYPE-PERP-75447.461 / 3$9M
HYPE-20260925-75-C-1802.002 / 3$9M
ETH-20260925-2400-C-1139.492 / 2$9M
HYPE-20270326-150-C-99510.001 / 1$8M
HYPE-20270326-125-C+100000.001 / 0$8M
ETH-20260925-2000-C+55.382 / 1$8M
HYPE-20260925-68-C+4420.401 / 2$7M
HYPE-20260925-60-C+3022.061 / 2$7M
ETH-20261225-2400-C+6.101 / 1$6M
BTC-20260918-80000-C+0.061 / 2$6M
ETH-20270625-3200-C+2287.411 / 0$5M
Their latest trades
Aggressor-side fills by cohort wallets, newest first.
TimeWalletInstrumentSideSizePriceNotional
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:120xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:110xd699…5a26ETH-20261030-4000-Cbuy0.5$9.10$1K
09-07 11:110xd699…5a26ETH-20261030-4000-Cbuy0.5$9.20$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:540xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:530xd699…5a26ETH-20261030-4000-Cbuy0.5$9.30$1K
09-07 10:300xd699…5a26ETH-20261030-4000-Cbuy0.5$8.90$1K
09-07 10:250xd699…5a26ETH-20261030-4000-Cbuy0.5$8.90$1K
09-07 10:240xd699…5a26ETH-20261030-4000-Cbuy0.5$9.00$1K
09-07 10:110xd699…5a26ETH-20261030-4000-Cbuy0.5$8.70$1K
09-07 10:100xd699…5a26ETH-20261030-4000-Cbuy0.5$8.70$1K
09-07 10:090xd699…5a26ETH-20261030-4000-Cbuy0.5$8.80$1K
09-07 10:090xd699…5a26ETH-20261030-4000-Cbuy0.5$8.70$1K
09-07 10:090xd699…5a26ETH-20261030-4000-Cbuy0.5$8.70$1K
09-07 07:430x3aaa…471bBTC-PERPsell0.3419$79203.20$27K
09-07 07:430x3aaa…471bBTC-PERPsell0.6439$79205.40$51K
09-07 07:430x3aaa…471bBTC-PERPsell0.063$79205.70$5K
09-07 07:430x3aaa…471bBTC-PERPsell0.1752$79210.60$14K
09-07 07:430x3aaa…471bBTC-PERPsell0.0378$79210.60$3K
09-07 07:400x3aaa…471bETH-PERPsell1.71$2479.74$4K
09-07 07:400x3aaa…471bETH-PERPsell1.209$2479.75$3K
09-07 07:390x3aaa…471bETH-PERPsell11.474$2480.82$28K
09-07 07:220x3aaa…471bBTC-PERPbuy0.3195$79487.00$25K
09-07 07:220x3aaa…471bBTC-PERPbuy0.6416$79487.00$51K
09-07 07:220x3aaa…471bBTC-PERPbuy0.0628$79481.90$5K
09-07 07:170x3aaa…471bBTC-PERPbuy0.1666$79577.10$13K
09-07 07:170x3aaa…471bBTC-PERPbuy0.0628$79572.00$5K
09-07 07:170x3aaa…471bBTC-PERPbuy0.0376$79572.00$3K
09-07 07:170x3aaa…471bBTC-PERPsell0.1832$79571.00$15K
09-07 07:170x3aaa…471bBTC-PERPsell0.0376$79571.40$3K