DeriveDeribit
Trade on Derive2267 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 10 market-maker wallets made $3M over 30 days at mark; everyone else combined made -$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. Wallets with thousands of fills, half or more as maker, across many instruments are labelled market makers, as are those whose maker fills are two-sided within a minute.
| Cohort | Wallets | Notional | 30d PnL | PnL per wallet |
|---|---|---|---|---|
| market maker | 10 | $3B | $3M | $349K |
| hedger | 114 | $2B | $2M | $18K |
| perp trader | 85 | $974M | -$3M | -$40K |
| rfq block | 546 | $678M | -$12K | -$21 |
| mixed retail | 1334 | $509M | $574K | $430 |
| wing buyer | 108 | $220M | -$475K | -$4K |
| premium seller | 70 | $186M | -$3M | -$37K |
PnL is our equity replay over the window: average-cost realized plus open positions at the live mark, net of fees, with expired options settled at intrinsic; 90d MTM is the same over 90 days. Derive\u2019s own per-fill realized figure is not used because it mis-states RFQ legs. Sortino and max drawdown are on the daily equity curve. Score is realized PnL scaled by win rate and dampened for very high fill counts, so a steady wallet outranks a lucky one; it needs at least ten closing fills. Win rate is per closing fill and is hidden for hedgers and market makers, whose fills are not bets. Click a wallet for positions and history.
| # | Wallet | Cohort | PnL | 90d MTM | Sortino | Max DD | Win rate | Fills | Notional | Avg size | Maker % | Opt / Perp |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0x96b9…a701 | hedger | $7M | $6M | 3.9 | $2M | — | 4894 | $1B | $240K | 12% | 261 / 4633 |
| 2 | 0x3bf6…3efb | market maker | $6M | $6M | 3.6 | $3M | — | 27651 | $1B | $53K | 63% | 10434 / 17217 |
| 3 | 0xe492…d08c | rfq block | $361K | $478K | 3.5 | $208K | 40% | 244 | $33M | $134K | 2% | 244 / 0 |
| 4 | 0xed8d…1f34 | rfq block | $313K | $305K | 106.0 | $12K | n/a | 1 | $2M | $2M | 0% | 1 / 0 |
| 5 | 0x31bd…34aa | mixed retail | $230K | $225K | 12.5 | $37K | 37% | 36 | $4M | $104K | 28% | 36 / 0 |
| 6 | 0xb4b8…4df9 | hedger | $188K | $323K | 2.5 | $294K | — | 2083 | $25M | $12K | 46% | 65 / 2018 |
| 7 | 0x7dc5…fc11 | rfq block | $187K | $187K | 18.9 | $36K | 100% | 26 | $3M | $100K | 0% | 26 / 0 |
| 8 | 0x1680…5ab4 | rfq block | $182K | $186K | 8.4 | $48K | 94% | 90 | $22M | $241K | 31% | 90 / 0 |
| 9 | 0xec02…4e54 | rfq block | $179K | -$9K | -0.0 | $371K | n/a | 2 | $82K | $41K | 0% | 2 / 0 |
| 10 | 0x75d2…ef41 | mixed retail | $163K | $210K | 10.6 | $38K | 100% | 6 | $628K | $105K | 50% | 6 / 0 |
| 11 | 0xebc1…de4f | hedger | $161K | $221K | 4.6 | $167K | — | 253 | $103M | $409K | 13% | 23 / 230 |
| 12 | 0x5ef1…4c65 | hedger | $123K | $13K | 0.3 | $147K | — | 5197 | $16M | $3K | 0% | 189 / 5008 |
| 13 | 0x8a89…aeee | mixed retail | $107K | $94K | 2.5 | $100K | 25% | 54 | $10M | $182K | 6% | 54 / 0 |
| 14 | 0xd31e…450b | mixed retail | $104K | -$11K | -0.2 | $150K | 71% | 122 | $36M | $297K | 20% | 122 / 0 |
| 15 | 0xaf32…3811 | mixed retail | $94K | $94K | 161.9 | $4K | 100% | 38 | $4M | $108K | 74% | 38 / 0 |
| 16 | 0x46a2…ae45 | premium seller | $89K | $89K | 55.8 | $8K | 100% | 50 | $678K | $14K | 90% | 50 / 0 |
| 17 | 0xf36e…9702 | rfq block | $76K | $67K | 3.1 | $89K | 48% | 61 | $6M | $102K | 0% | 61 / 0 |
| 18 | 0x004b…f972 | mixed retail | $76K | $75K | 9.1 | $26K | 59% | 71 | $16M | $223K | 14% | 71 / 0 |
| 19 | 0x357e…b5fe | rfq block | $68K | $68K | 16.8 | $12K | 44% | 44 | $7M | $150K | 2% | 44 / 0 |
| 20 | 0x43a9…7ed7 | mixed retail | $67K | $82K | 5.3 | $36K | 9% | 2 | $5K | $2K | 0% | 2 / 0 |
| 21 | 0x41cb…54ec | rfq block | $64K | $67K | 2.0 | $81K | 64% | 23 | $966K | $42K | 0% | 23 / 0 |
| 22 | 0x4ccd…e700 | mixed retail | $58K | $40K | 2.2 | $45K | 73% | 44 | $7M | $153K | 39% | 44 / 0 |
| 23 | 0xd84f…f028 | premium seller | $52K | $52K | 5.0 | $44K | n/a | 8 | $1M | $179K | 13% | 8 / 0 |
| 24 | 0x88a8…01d6 | wing buyer | $51K | $44K | 14.8 | $16K | 26% | 167 | $45M | $269K | 5% | 167 / 0 |
| 25 | 0x378d…b030 | rfq block | $48K | $30K | 1.2 | $151K | n/a | 6 | $241K | $40K | 0% | 6 / 0 |
| 26 | 0x2a54…2969 | rfq block | $44K | $42K | 8.2 | $14K | n/a | 3 | $73K | $24K | 0% | 3 / 0 |
| 27 | 0xcec7…15dc | mixed retail | $43K | $37K | 5.6 | $15K | n/a | 4 | $591K | $148K | 25% | 4 / 0 |
| 28 | 0x56d3…4f83 | hedger | $43K | $43K | 1.2 | $144K | — | 9570 | $53M | $6K | 0% | 642 / 8928 |
| 29 | 0xa72a…8dd7 | hedger | $41K | $62K | 4.8 | $25K | — | 181 | $2M | $10K | 0% | 90 / 91 |
| 30 | 0x01fe…799e | mixed retail | $39K | $40K | 24.9 | $4K | 46% | 81 | $4M | $43K | 0% | 81 / 0 |
| 31 | 0xd699…5a26 | wing buyer | $36K | $35K | 20.5 | $6K | 69% | 92 | $2M | $22K | 23% | 92 / 0 |
| 32 | 0x3378…72ac | rfq block | $35K | $32K | 10.6 | $7K | n/a | 6 | $2M | $324K | 0% | 6 / 0 |
| 33 | 0x8f45…f6ae | rfq block | $34K | $36K | 25.6 | $8K | 69% | 13 | $739K | $57K | 0% | 13 / 0 |
| 34 | 0xa7cd…4e95 | mixed retail | $33K | $33K | 62.7 | $2K | 90% | 66 | $434K | $7K | 0% | 66 / 0 |
| 35 | 0x2821…3de4 | perp trader | $32K | $32K | 2.8 | $39K | n/a | 232 | $2M | $7K | 100% | 0 / 232 |
| 36 | 0x6c57…b1a5 | mixed retail | $32K | $24K | 2.6 | $24K | 62% | 50 | $1M | $28K | 38% | 39 / 11 |
| 37 | 0xa11c…5644 | wing buyer | $31K | $18K | 0.9 | $53K | 65% | 27 | $193K | $7K | 7% | 3 / 24 |
| 38 | 0x1432…c81d | perp trader | $30K | $30K | 67.3 | $2K | 100% | 111 | $2M | $19K | 0% | 0 / 111 |
| 39 | 0x7b0f…cd89 | mixed retail | $29K | $30K | 58.1 | $4K | 76% | 515 | $16M | $32K | 12% | 515 / 0 |
| 40 | 0x7e04…4cdc | mixed retail | $22K | $24K | 4.5 | $17K | 63% | 342 | $3M | $10K | 27% | 342 / 0 |
| 41 | 0xe848…c816 | hedger | $21K | $19K | 1.0 | $29K | — | 1509 | $1M | $945 | 81% | 12 / 1497 |
| 42 | 0x0679…b811 | mixed retail | $20K | $19K | 65.3 | $1K | n/a | 15 | $2M | $126K | 0% | 15 / 0 |
| 43 | 0xa58f…9f98 | mixed retail | $20K | $17K | 9.6 | $4K | 95% | 10 | $399K | $40K | 80% | 10 / 0 |
| 44 | 0xee33…6248 | mixed retail | $19K | $19K | 12.5 | $11K | 37% | 180 | $2M | $10K | 2% | 180 / 0 |
| 45 | 0x4eee…390c | hedger | $19K | $18K | 1.0 | $31K | — | 207 | $645K | $3K | 3% | 70 / 137 |
| 46 | 0x4460…9099 | premium seller | $18K | $16K | 14.2 | $4K | 86% | 15 | $724K | $48K | 47% | 15 / 0 |
| 47 | 0x9884…6583 | mixed retail | $17K | $17K | 4.6 | $12K | 77% | 66 | $12M | $182K | 12% | 66 / 0 |
| 48 | 0x62b6…8ec3 | hedger | $17K | -$3K | -0.1 | $87K | — | 87 | $352K | $4K | 11% | 48 / 39 |
| 49 | 0x565e…8eba | premium seller | $16K | $16K | 19.0 | $5K | n/a | 8 | $242K | $30K | 38% | 8 / 0 |
| 50 | 0xd5af…1b09 | rfq block | $15K | $56K | 6.4 | $25K | 91% | 47 | $2M | $35K | 2% | 47 / 0 |
| 51 | 0xe399…9913 | wing buyer | $15K | $11K | 3.7 | $6K | n/a | 3 | $75K | $25K | 0% | 3 / 0 |
| 52 | 0xe223…df24 | wing buyer | $14K | $14K | 2.7 | $30K | n/a | 4 | $819K | $205K | 0% | 4 / 0 |
| 53 | 0xc640…93fc | mixed retail | $14K | $10K | 2.2 | $22K | 61% | 101 | $7M | $65K | 35% | 101 / 0 |
| 54 | 0xffd6…10b3 | mixed retail | $13K | $14K | 363.5 | $99 | 89% | 580 | $60M | $103K | 5% | 507 / 73 |
| 55 | 0x65b1…2146 | mixed retail | $13K | $6K | 2.2 | $11K | n/a | 2 | $222K | $111K | 100% | 2 / 0 |
| 56 | 0xb32f…12a9 | mixed retail | $13K | $13K | 6.2 | $8K | n/a | 5 | $605K | $121K | 0% | 5 / 0 |
| 57 | 0xe5d8…f9d7 | mixed retail | $13K | $14K | 5.3 | $5K | n/a | 14 | $553K | $40K | 86% | 14 / 0 |
| 58 | 0x5ff3…c43e | wing buyer | $13K | $10K | 3.7 | $5K | n/a | 4 | $69K | $17K | 0% | 4 / 0 |
| 59 | 0x563b…2ce4 | rfq block | $12K | $8K | 5.8 | $5K | n/a | 1 | $12K | $12K | 0% | 1 / 0 |
| 60 | 0x142b…fa52 | mixed retail | $11K | $9K | 5.9 | $5K | 38% | 11 | $716K | $65K | 36% | 11 / 0 |
| 61 | 0x13d0…ca20 | rfq block | $11K | -$30K | -2.5 | $49K | n/a | 1 | $42K | $42K | 0% | 1 / 0 |
| 62 | 0xeaa6…d493 | mixed retail | $11K | $10K | 2.0 | $14K | n/a | 1 | $225K | $225K | 0% | 1 / 0 |
| 63 | 0xa42b…a1bd | rfq block | $11K | $10K | 0.6 | $124K | n/a | 22 | $5M | $214K | 0% | 22 / 0 |
| 64 | 0x608a…45a0 | mixed retail | $11K | $1K | 0.6 | $11K | 20% | 10 | $3M | $252K | 50% | 10 / 0 |
| 65 | 0xc929…d612 | mixed retail | $11K | $15K | 6.7 | $5K | 80% | 59 | $3M | $46K | 10% | 59 / 0 |
| 66 | 0x155a…a9c2 | mixed retail | $9K | $2K | 0.3 | $19K | 25% | 120 | $3M | $28K | 5% | 120 / 0 |
| 67 | 0x1dfa…d6b4 | mixed retail | $9K | $8K | 1.5 | $10K | 58% | 164 | $5M | $31K | 10% | 164 / 0 |
| 68 | 0x37c0…a3c9 | rfq block | $9K | $9K | 87.7 | $355 | n/a | 13 | $102K | $8K | 8% | 13 / 0 |
| 69 | 0xed04…3eb9 | rfq block | $9K | $11K | 6.3 | $6K | 46% | 10 | $357K | $36K | 0% | 10 / 0 |
| 70 | 0xdfeb…43c5 | mixed retail | $9K | $8K | 2.3 | $11K | n/a | 11 | $970K | $88K | 0% | 11 / 0 |
| 71 | 0xfeb7…676b | mixed retail | $9K | $9K | 6.8 | $11K | 42% | 31 | $3M | $87K | 45% | 31 / 0 |
| 72 | 0x237e…dbad | rfq block | $9K | $10K | 5.8 | $6K | 48% | 8 | $94K | $12K | 0% | 8 / 0 |
| 73 | 0xa2e7…fa3f | mixed retail | $8K | $14K | 4.7 | $5K | n/a | 5 | $2M | $338K | 20% | 5 / 0 |
| 74 | 0x9a7f…2fed | mixed retail | $8K | $8K | 8.4 | $3K | n/a | 1 | $78K | $78K | 0% | 1 / 0 |
| 75 | 0x6cba…c47d | hedger | $8K | $9K | 1.8 | $10K | — | 58 | $437K | $8K | 19% | 25 / 33 |
| 76 | 0x990f…3ac1 | rfq block | $8K | $5K | 2.7 | $6K | n/a | 8 | $316K | $39K | 0% | 8 / 0 |
| 77 | 0xc7b4…6133 | mixed retail | $7K | $7K | 32.5 | $1K | 67% | 27 | $143K | $5K | 0% | 27 / 0 |
| 78 | 0x683e…5bd8 | rfq block | $7K | $6K | 17.6 | $1K | n/a | 2 | $58K | $29K | 0% | 2 / 0 |
| 79 | 0xb80a…1e81 | perp trader | $7K | $7K | 4.5 | $5K | n/a | 147 | $171K | $1K | 7% | 0 / 147 |
| 80 | 0x9ef0…26f9 | mixed retail | $7K | $3K | 2.6 | $4K | 53% | 61 | $628K | $10K | 18% | 61 / 0 |
| 81 | 0xd339…a77e | premium seller | $7K | $22K | 17.0 | $2K | n/a | 31 | $202K | $7K | 97% | 31 / 0 |
| 82 | 0x8668…0b77 | rfq block | $6K | $38K | 5.1 | $13K | 33% | 67 | $2M | $35K | 0% | 67 / 0 |
| 83 | 0x323a…d579 | perp trader | $6K | $6K | 4.3 | $8K | 100% | 76 | $544K | $7K | 11% | 0 / 76 |
| 84 | 0x32a9…ff0d | premium seller | $6K | $2K | 1.4 | $7K | n/a | 14 | $1M | $84K | 0% | 14 / 0 |
| 85 | 0xf19f…6a49 | mixed retail | $6K | $4K | 5.2 | $2K | n/a | 3 | $12K | $4K | 33% | 3 / 0 |
| 86 | 0x3a0a…e2c7 | rfq block | $6K | $5K | 6.3 | $3K | n/a | 21 | $788K | $38K | 10% | 21 / 0 |
| 87 | 0x8dae…711d | mixed retail | $6K | $6K | 1.6 | $11K | 70% | 55 | $3M | $56K | 76% | 55 / 0 |
| 88 | 0x77bc…aa4e | premium seller | $5K | $4K | 2.9 | $3K | 83% | 10 | $15K | $1K | 0% | 10 / 0 |
| 89 | 0xf8d0…92cc | premium seller | $5K | $3K | 3.9 | $3K | n/a | 6 | $77K | $13K | 67% | 6 / 0 |
| 90 | 0x3125…549a | hedger | $5K | $5K | 2.8 | $5K | — | 69 | $695K | $10K | 41% | 31 / 38 |
| 91 | 0x30eb…906e | mixed retail | $5K | $5K | 0.0 | $0 | n/a | 4 | $815K | $204K | 25% | 4 / 0 |
| 92 | 0x2885…f33a | rfq block | $5K | $10K | 4.5 | $7K | n/a | 7 | $588K | $84K | 0% | 7 / 0 |
| 93 | 0x9e2a…7df9 | mixed retail | $5K | $4K | 5.1 | $2K | n/a | 2 | $38K | $19K | 0% | 2 / 0 |
| 94 | theneetguy.eth | wing buyer | $4K | $4K | 2.2 | $15K | n/a | 73 | $3M | $43K | 45% | 73 / 0 |
| 95 | 0x57d2…6073 | market maker | $4K | $5K | 5.5 | $2K | — | 490 | $6M | $12K | 100% | 490 / 0 |
| 96 | 0x0494…791f | mixed retail | $4K | $5K | 4.3 | $2K | n/a | 3 | $35K | $12K | 100% | 3 / 0 |
| 97 | 0xd957…2ee9 | mixed retail | $4K | $4K | 15.0 | $899 | 63% | 195 | $1M | $8K | 0% | 195 / 0 |
| 98 | 0x0b80…6e82 | mixed retail | $4K | $4K | 6.8 | $2K | n/a | 10 | $196K | $20K | 10% | 10 / 0 |
| 99 | 0xdf3b…17aa | mixed retail | $4K | $4K | 0.0 | $0 | n/a | 30 | $1M | $40K | 7% | 30 / 0 |
| 100 | 0x309b…f565 | hedger | $4K | $3K | 0.7 | $9K | — | 26 | $753K | $29K | 0% | 16 / 10 |