Derive Live
1886 wallets traded on Derive in the last 30 days. Every fill is public, so each wallet is labelled by how it trades and ranked by what it made. The 3 market-maker wallets realized -$418K; everyone else combined realized $4M. Labels are behavioural, not identities: maker share, RFQ use, option side bias, far-out-of-the-money buying, and the options-to-perps mix.
| Cohort | Wallets | Notional | Realized PnL | PnL per wallet |
|---|---|---|---|---|
| hedger | 102 | $3B | $8M | $74K |
| mixed retail | 1143 | $902M | -$167K | -$146 |
| perp trader | 83 | $767M | -$2M | -$27K |
| market maker | 3 | $377M | -$418K | -$139K |
| rfq block | 407 | $345M | -$671K | -$2K |
| premium seller | 74 | $53M | -$204K | -$3K |
| wing buyer | 74 | $29M | $169K | $2K |
| # | Wallet | Cohort | PnL | Win rate | Fills | Notional | Avg size | Maker % | Opt / Perp | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0x96b9…a701 | hedger | $6M | 9% | 3875 | $861M | $222K | 15% | 201 / 3674 | $529K |
| 2 | 0x3bf6…3efb | hedger | $5M | 90% | 18809 | $825M | $44K | 64% | 7231 / 11578 | $524K |
| 3 | 0x3aaa…471b | hedger | $2M | 59% | 29561 | $726M | $25K | 69% | 4569 / 24992 | $100K |
| 4 | 0xed8d…1f34 | rfq block | $305K | n/a | 2 | $4M | $2M | 0% | 2 / 0 | – |
| 5 | 0xd31e…450b | mixed retail | $178K | 76% | 114 | $34M | $296K | 22% | 114 / 0 | $210K |
| 6 | 0x1680…5ab4 | mixed retail | $172K | 89% | 56 | $10M | $173K | 38% | 56 / 0 | $240K |
| 7 | 0x5580…e37f | hedger | $136K | 24% | 783 | $24M | $31K | 15% | 253 / 530 | $36K |
| 8 | 0xd84f…f028 | premium seller | $115K | n/a | 8 | $1M | $179K | 13% | 8 / 0 | – |
| 9 | 0x15ef…51f3 | perp trader | $107K | 62% | 11323 | $48M | $4K | 2% | 0 / 11323 | $11K |
| 10 | 0xaf32…3811 | premium seller | $98K | 100% | 33 | $3M | $94K | 85% | 33 / 0 | $147K |
| 11 | 0xb4b8…4df9 | hedger | $80K | 70% | 2766 | $19M | $7K | 33% | 36 / 2730 | $18K |
| 12 | 0x357e…b5fe | wing buyer | $78K | n/a | 29 | $6M | $206K | 3% | 29 / 0 | – |
| 13 | 0x004b…f972 | mixed retail | $69K | 75% | 38 | $9M | $236K | 5% | 38 / 0 | $86K |
| 14 | 0x4ccd…e700 | mixed retail | $60K | 87% | 39 | $6M | $158K | 44% | 39 / 0 | $82K |
| 15 | 0x46a2…ae45 | premium seller | $55K | 100% | 55 | $1M | $27K | 82% | 55 / 0 | $83K |
| 16 | 0x5ef1…4c65 | hedger | $52K | 64% | 7381 | $18M | $2K | 0% | 235 / 7146 | $7K |
| 17 | 0x88a8…01d6 | mixed retail | $46K | 100% | 105 | $33M | $312K | 4% | 105 / 0 | $67K |
| 18 | 0xa42b…a1bd | rfq block | $37K | n/a | 20 | $2M | $112K | 0% | 20 / 0 | – |
| 19 | 0xd699…5a26 | wing buyer | $37K | 90% | 75 | $1M | $18K | 25% | 75 / 0 | $52K |
| 20 | 0x7b0f…cd89 | mixed retail | $34K | 83% | 494 | $16M | $33K | 11% | 494 / 0 | $20K |
| 21 | 0xdd6a…2c9a | hedger | $33K | n/a | 13 | $804K | $62K | 0% | 8 / 5 | – |
| 22 | 0x2da8…eeb4 | hedger | $33K | 100% | 229 | $702K | $3K | 0% | 2 / 227 | $33K |
| 23 | 0x2150…1be0 | rfq block | $31K | n/a | 45 | $14M | $308K | 4% | 45 / 0 | – |
| 24 | 0xbd80…16ec | mixed retail | $31K | 87% | 109 | $3M | $30K | 57% | 92 / 17 | $41K |
| 25 | 0x6c57…b1a5 | mixed retail | $31K | 72% | 49 | $1M | $28K | 39% | 38 / 11 | $37K |
| 26 | 0x1432…c81d | perp trader | $30K | 100% | 111 | $2M | $19K | 0% | 0 / 111 | $43K |
| 27 | 0xc640…93fc | mixed retail | $24K | 83% | 46 | $2M | $35K | 22% | 46 / 0 | $32K |
| 28 | 0x1e5c…c9d6 | rfq block | $23K | 50% | 35 | $5M | $134K | 6% | 35 / 0 | $23K |
| 29 | 0x0679…b811 | mixed retail | $20K | n/a | 11 | $2M | $151K | 0% | 11 / 0 | – |
| 30 | 0x56d3…4f83 | hedger | $20K | 33% | 5385 | $39M | $7K | 0% | 390 / 4995 | $2K |
| 31 | 0xcec7…15dc | mixed retail | $19K | n/a | 2 | $413K | $207K | 50% | 2 / 0 | – |
| 32 | 0xdfeb…43c5 | mixed retail | $19K | n/a | 4 | $587K | $147K | 0% | 4 / 0 | – |
| 33 | 0x155a…a9c2 | rfq block | $19K | 48% | 79 | $2M | $30K | 4% | 79 / 0 | $18K |
| 34 | 0x9884…6583 | mixed retail | $17K | 74% | 66 | $12M | $182K | 12% | 66 / 0 | $21K |
| 35 | 0x1c84…1d42 | hedger | $16K | 67% | 2210 | $2M | $1K | 79% | 679 / 1531 | $4K |
| 36 | 0x4460…9099 | premium seller | $16K | 93% | 15 | $724K | $48K | 47% | 15 / 0 | $22K |
| 37 | 0xa58f…9f98 | mixed retail | $15K | n/a | 10 | $399K | $40K | 80% | 10 / 0 | – |
| 38 | 0xed04…3eb9 | wing buyer | $15K | n/a | 6 | $277K | $46K | 0% | 6 / 0 | – |
| 39 | 0x459d…7bea | hedger | $14K | 98% | 381 | $17M | $46K | 19% | 172 / 209 | $11K |
| 40 | 0xd5af…1b09 | rfq block | $13K | 100% | 44 | $2M | $35K | 2% | 44 / 0 | $20K |
| 41 | 0x8a89…aeee | mixed retail | $13K | n/a | 35 | $9M | $249K | 3% | 35 / 0 | – |
| 42 | 0x608a…45a0 | rfq block | $12K | n/a | 7 | $2M | $334K | 43% | 7 / 0 | – |
| 43 | 0xc929…d612 | mixed retail | $12K | n/a | 11 | $1M | $134K | 0% | 11 / 0 | – |
| 44 | 0xd063…05f9 | rfq block | $12K | n/a | 20 | $692K | $35K | 0% | 20 / 0 | – |
| 45 | 0x2a54…2969 | rfq block | $11K | n/a | 3 | $73K | $24K | 0% | 3 / 0 | – |
| 46 | 0x9c7b…9c29 | mixed retail | $11K | n/a | 5 | $134K | $27K | 20% | 5 / 0 | – |
| 47 | 0xd988…2680 | hedger | $11K | 92% | 1426 | $68M | $48K | 5% | 871 / 555 | $4K |
| 48 | 0x439f…dc31 | perp trader | $11K | 100% | 50 | $40K | $799 | 0% | 0 / 50 | $16K |
| 49 | 0x65b1…2146 | mixed retail | $11K | n/a | 2 | $222K | $111K | 100% | 2 / 0 | – |
| 50 | 0xb32f…12a9 | mixed retail | $10K | n/a | 2 | $305K | $152K | 0% | 2 / 0 | – |
| 51 | 0x8dae…711d | mixed retail | $10K | 75% | 55 | $3M | $56K | 76% | 55 / 0 | $12K |
| 52 | 0xe399…9913 | wing buyer | $10K | n/a | 3 | $75K | $25K | 0% | 3 / 0 | – |
| 53 | 0x7f23…3e2b | mixed retail | $9K | n/a | 48 | $8M | $169K | 17% | 48 / 0 | – |
| 54 | 0x5ff3…c43e | wing buyer | $8K | n/a | 4 | $69K | $17K | 0% | 4 / 0 | – |
| 55 | 0xc7b4…6133 | mixed retail | $8K | 71% | 27 | $156K | $6K | 0% | 27 / 0 | $10K |
| 56 | 0xbdad…5e41 | rfq block | $8K | 87% | 66 | $2M | $24K | 0% | 48 / 18 | $11K |
| 57 | 0xe2ad…f120 | mixed retail | $8K | n/a | 2 | $88K | $44K | 0% | 2 / 0 | – |
| 58 | 0x9a7f…2fed | mixed retail | $8K | n/a | 1 | $78K | $78K | 0% | 1 / 0 | – |
| 59 | 0x142b…fa52 | mixed retail | $8K | n/a | 10 | $641K | $64K | 40% | 10 / 0 | – |
| 60 | 0x237e…dbad | rfq block | $7K | n/a | 7 | $74K | $11K | 0% | 7 / 0 | – |
| 61 | 0xa11c…5644 | wing buyer | $7K | 100% | 27 | $193K | $7K | 7% | 3 / 24 | $10K |
| 62 | 0x7e04…4cdc | mixed retail | $6K | 55% | 297 | $4M | $12K | 32% | 297 / 0 | $4K |
| 63 | 0xffd6…10b3 | mixed retail | $6K | 65% | 180 | $6M | $32K | 7% | 149 / 31 | $5K |
| 64 | 0xe848…c816 | hedger | $6K | 60% | 1061 | $2M | $1K | 78% | 14 / 1047 | $2K |
| 65 | 0x3a0a…e2c7 | rfq block | $6K | n/a | 27 | $892K | $33K | 7% | 27 / 0 | – |
| 66 | 0x37c0…a3c9 | rfq block | $6K | n/a | 13 | $102K | $8K | 8% | 13 / 0 | – |
| 67 | 0x990f…3ac1 | rfq block | $5K | n/a | 6 | $164K | $27K | 0% | 6 / 0 | – |
| 68 | 0x39a5…379e | mixed retail | $5K | 75% | 774 | $12M | $15K | 6% | 772 / 2 | $2K |
| 69 | 0x30eb…906e | mixed retail | $5K | n/a | 4 | $815K | $204K | 25% | 4 / 0 | – |
| 70 | 0x5c63…7957 | hedger | $5K | n/a | 11 | $117K | $11K | 27% | 6 / 5 | – |
| 71 | 0x683e…5bd8 | rfq block | $5K | n/a | 2 | $58K | $29K | 0% | 2 / 0 | – |
| 72 | 0x1a14…afd3 | rfq block | $4K | 80% | 26 | $804K | $31K | 0% | 21 / 5 | $6K |
| 73 | 0x3649…7561 | wing buyer | $4K | n/a | 9 | $1M | $135K | 0% | 9 / 0 | – |
| 74 | 0x2885…f33a | rfq block | $4K | n/a | 7 | $588K | $84K | 0% | 7 / 0 | – |
| 75 | 0xfe4b…d57e | mixed retail | $4K | n/a | 5 | $288K | $58K | 40% | 5 / 0 | – |
| 76 | 0xec81…e355 | wing buyer | $4K | n/a | 4 | $280K | $70K | 0% | 4 / 0 | – |
| 77 | 0xf8d0…92cc | mixed retail | $4K | n/a | 9 | $114K | $13K | 44% | 9 / 0 | – |
| 78 | 0xdf3b…17aa | mixed retail | $4K | n/a | 30 | $1M | $40K | 7% | 30 / 0 | – |
| 79 | 0xd0a6…bc84 | hedger | $4K | 92% | 23 | $111K | $5K | 22% | 13 / 10 | $6K |
| 80 | 0x613f…eed8 | mixed retail | $4K | n/a | 11 | $33K | $3K | 36% | 11 / 0 | – |
| 81 | 0x6159…34fa | rfq block | $4K | n/a | 9 | $142K | $16K | 0% | 9 / 0 | – |
| 82 | 0x2354…b158 | hedger | $4K | n/a | 24 | $411K | $17K | 29% | 6 / 18 | – |
| 83 | 0x3125…549a | hedger | $4K | 56% | 56 | $649K | $12K | 45% | 24 / 32 | $4K |
| 84 | 0x2f52…7a8a | mixed retail | $4K | n/a | 9 | $651K | $72K | 11% | 9 / 0 | – |
| 85 | 0x94ec…6873 | premium seller | $4K | 36% | 1131 | $537K | $475 | 8% | 26 / 1105 | $984 |
| 86 | 0x1b1a…81fc | premium seller | $4K | n/a | 5 | $46K | $9K | 0% | 5 / 0 | – |
| 87 | 0xbfea…9155 | rfq block | $4K | 50% | 28 | $2M | $75K | 0% | 28 / 0 | $4K |
| 88 | 0xb8b7…94af | rfq block | $4K | n/a | 35 | $694K | $20K | 0% | 35 / 0 | – |
| 89 | 0xdedb…49aa | perp trader | $4K | 75% | 201 | $763K | $4K | 1% | 0 / 201 | $3K |
| 90 | 0x5d2d…2fc5 | rfq block | $4K | n/a | 15 | $2M | $150K | 27% | 15 / 0 | – |
| 91 | 0x41d5…1acf | premium seller | $4K | n/a | 9 | $186K | $21K | 0% | 9 / 0 | – |
| 92 | 0xd56e…2b0c | mixed retail | $3K | n/a | 1 | $21K | $21K | 100% | 1 / 0 | – |
| 93 | 0x55fc…b30e | mixed retail | $3K | n/a | 86 | $868K | $10K | 3% | 86 / 0 | – |
| 94 | 0x2d5e…b84d | rfq block | $3K | n/a | 84 | $4M | $53K | 4% | 84 / 0 | – |
| 95 | 0x3e17…0566 | wing buyer | $3K | n/a | 11 | $115K | $10K | 36% | 11 / 0 | – |
| 96 | 0x1b91…ea74 | rfq block | $3K | n/a | 7 | $240K | $34K | 0% | 7 / 0 | – |
| 97 | 0x9ffd…c61d | premium seller | $3K | n/a | 7 | $24K | $3K | 0% | 7 / 0 | – |
| 98 | 0xd59d…a3b0 | rfq block | $3K | n/a | 8 | $565K | $71K | 0% | 8 / 0 | – |
| 99 | 0x172c…424f | rfq block | $3K | 81% | 56 | $605K | $11K | 0% | 48 / 8 | $4K |
| 100 | 0x88ec…8c03 | rfq block | $3K | 64% | 63 | $3M | $41K | 2% | 63 / 0 | $3K |