DeriveDeribit
1,745 tracked Derive wallets, grouped by 30-day activity, PnL and style. Whales and leviathans are net short $47M of delta; the 1,081 shrimp are neutral. Updated 2026-10-22 19:30 UTC.
Sentiment is each cohort's net delta from reconstructed open positions, perps at delta one and options at their live-IV delta, divided by gross exposure. Size is 30-day traded notional because Derive does not publish account equity. Sparklines show the available positioning history from the last 7 days. Each card labels the actual span observed. The large number is net delta exposure, not PnL.
30-day traded notional: under $50k, to $500k, to $5M, to $50M, above.
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
30-day PnL, realized plus open positions at mark: below −$250k, to −$25k, to −$1k, flat, to $25k, to $250k, above.
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
What each wallet opens, weighted by premium: sellers, call/put/wing/vol buyers, multi-leg spread traders, hedgers, perp-only, and two-way. Closing trades do not count.
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Net delta exposure
Labels come from what a wallet opens over the last 30 days (90 if it opened fewer than three options), weighted by premium dollars. Closing trades are ignored, so a call buyer who sells out is still a call buyer. Market makers are recognised from two-sided quoting, whatever they hold.
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