DeriveDeribit
Trade on Derive2400 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 $4M over 30 days at mark; everyone else combined made -$5M.
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 | $4B | $4M | $428K |
| hedger | 112 | $2B | $1M | $13K |
| perp trader | 89 | $996M | -$3M | -$36K |
| rfq block | 621 | $808M | $273K | $440 |
| mixed retail | 1374 | $521M | $633K | $461 |
| wing buyer | 121 | $231M | -$403K | -$3K |
| premium seller | 73 | $187M | -$3M | -$45K |
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 | 0x96b9âĶa701 | hedger | $7M | $6M | 3.8 | $2M | â | 5031 | $1B | $221K | 12% | 258 / 4773 |
| 2 | 0x3bf6âĶ3efb | market maker | $7M | $7M | 4.2 | $3M | â | 28600 | $2B | $55K | 64% | 11051 / 17549 |
| 3 | 0xe492âĶd08c | rfq block | $540K | $616K | 4.3 | $221K | 41% | 244 | $33M | $134K | 2% | 244 / 0 |
| 4 | 0xb4b8âĶ4df9 | hedger | $341K | $476K | 4.0 | $181K | â | 2110 | $27M | $13K | 46% | 92 / 2018 |
| 5 | 0xed8dâĶ1f34 | rfq block | $313K | $305K | 104.5 | $12K | n/a | 1 | $2M | $2M | 0% | 1 / 0 |
| 6 | 0x31bdâĶ34aa | mixed retail | $233K | $228K | 12.6 | $37K | 37% | 35 | $4M | $102K | 29% | 35 / 0 |
| 7 | 0xec02âĶ4e54 | rfq block | $220K | $32K | 0.2 | $371K | n/a | 2 | $82K | $41K | 0% | 2 / 0 |
| 8 | 0x7dc5âĶfc11 | rfq block | $198K | $198K | 20.6 | $36K | 100% | 26 | $3M | $100K | 0% | 26 / 0 |
| 9 | 0x1680âĶ5ab4 | rfq block | $195K | $199K | 9.0 | $48K | 94% | 91 | $22M | $238K | 31% | 91 / 0 |
| 10 | 0x75d2âĶef41 | mixed retail | $172K | $221K | 11.0 | $38K | 100% | 6 | $628K | $105K | 50% | 6 / 0 |
| 11 | 0x3aaaâĶ471b | market maker | $140K | -$235K | -0.1 | $3M | â | 38191 | $849M | $22K | 70% | 6111 / 32080 |
| 12 | 0xebc1âĶde4f | hedger | $133K | $191K | 4.4 | $167K | â | 253 | $103M | $409K | 13% | 23 / 230 |
| 13 | 0x5ef1âĶ4c65 | hedger | $126K | $14K | 0.3 | $147K | â | 5337 | $15M | $3K | 0% | 176 / 5161 |
| 14 | 0x8a89âĶaeee | mixed retail | $106K | $92K | 2.4 | $100K | 25% | 50 | $9M | $177K | 6% | 50 / 0 |
| 15 | 0xd31eâĶ450b | mixed retail | $100K | -$16K | -0.2 | $160K | 71% | 122 | $36M | $297K | 20% | 122 / 0 |
| 16 | 0xaf32âĶ3811 | mixed retail | $93K | $93K | 144.8 | $5K | 100% | 38 | $4M | $108K | 74% | 38 / 0 |
| 17 | 0x46a2âĶae45 | premium seller | $89K | $89K | 54.9 | $8K | 100% | 50 | $678K | $14K | 90% | 50 / 0 |
| 18 | 0xf36eâĶ9702 | rfq block | $84K | $73K | 3.4 | $88K | 50% | 65 | $7M | $102K | 0% | 65 / 0 |
| 19 | 0x004bâĶf972 | mixed retail | $76K | $75K | 9.1 | $26K | 59% | 71 | $15M | $218K | 13% | 71 / 0 |
| 20 | 0xa7cdâĶ4e95 | mixed retail | $76K | $76K | 140.0 | $2K | 90% | 66 | $434K | $7K | 0% | 66 / 0 |
| 21 | 0x56d3âĶ4f83 | hedger | $74K | $53K | 1.5 | $144K | â | 10037 | $51M | $5K | 0% | 638 / 9399 |
| 22 | 0x41cbâĶ54ec | rfq block | $72K | $75K | 2.4 | $81K | 69% | 23 | $966K | $42K | 0% | 23 / 0 |
| 23 | 0x7573âĶ6dc8 | wing buyer | $71K | $71K | 24.6 | $31K | n/a | 5 | $3M | $527K | 0% | 5 / 0 |
| 24 | 0x43a9âĶ7ed7 | mixed retail | $68K | $84K | 5.4 | $36K | 9% | 2 | $5K | $2K | 0% | 2 / 0 |
| 25 | 0x357eâĶb5fe | rfq block | $68K | $67K | 16.2 | $12K | 44% | 44 | $7M | $150K | 2% | 44 / 0 |
| 26 | 0xcec7âĶ15dc | mixed retail | $68K | $62K | 9.4 | $13K | n/a | 4 | $591K | $148K | 25% | 4 / 0 |
| 27 | 0x378dâĶb030 | rfq block | $56K | $38K | 1.5 | $151K | n/a | 6 | $241K | $40K | 0% | 6 / 0 |
| 28 | 0x4ccdâĶe700 | mixed retail | $56K | $45K | 2.7 | $48K | 74% | 51 | $8M | $152K | 41% | 51 / 0 |
| 29 | 0x88a8âĶ01d6 | wing buyer | $51K | $44K | 14.4 | $16K | 26% | 173 | $46M | $266K | 5% | 173 / 0 |
| 30 | 0x2a54âĶ2969 | rfq block | $46K | $44K | 8.7 | $12K | n/a | 3 | $73K | $24K | 0% | 3 / 0 |
| 31 | 0xa72aâĶ8dd7 | hedger | $45K | $66K | 5.0 | $28K | â | 185 | $2M | $10K | 1% | 94 / 91 |
| 32 | 0xd84fâĶf028 | premium seller | $35K | $35K | 3.0 | $44K | n/a | 8 | $1M | $179K | 13% | 8 / 0 |
| 33 | 0x3378âĶ72ac | rfq block | $35K | $31K | 10.3 | $7K | n/a | 6 | $2M | $324K | 0% | 6 / 0 |
| 34 | 0x01feâĶ799e | mixed retail | $35K | $36K | 20.7 | $4K | 46% | 81 | $4M | $43K | 0% | 81 / 0 |
| 35 | 0xd699âĶ5a26 | wing buyer | $35K | $35K | 19.1 | $6K | 68% | 99 | $2M | $23K | 22% | 99 / 0 |
| 36 | 0x8f45âĶf6ae | rfq block | $32K | $34K | 21.5 | $8K | 69% | 13 | $739K | $57K | 0% | 13 / 0 |
| 37 | 0x1432âĶc81d | perp trader | $30K | $30K | 66.1 | $2K | 100% | 111 | $2M | $19K | 0% | 0 / 111 |
| 38 | 0x7b0fâĶcd89 | mixed retail | $29K | $29K | 51.3 | $4K | 76% | 454 | $15M | $32K | 14% | 454 / 0 |
| 39 | 0x4eeeâĶ390c | hedger | $24K | $23K | 1.3 | $31K | â | 207 | $645K | $3K | 3% | 70 / 137 |
| 40 | 0xd5afâĶ1b09 | rfq block | $23K | $63K | 7.1 | $25K | 91% | 47 | $2M | $35K | 2% | 47 / 0 |
| 41 | 0x2821âĶ3de4 | perp trader | $23K | $23K | 1.9 | $39K | n/a | 232 | $2M | $7K | 100% | 0 / 232 |
| 42 | 0x7e04âĶ4cdc | mixed retail | $22K | $24K | 4.4 | $17K | 61% | 404 | $4M | $10K | 23% | 404 / 0 |
| 43 | 0xe848âĶc816 | hedger | $22K | $19K | 1.1 | $29K | â | 1653 | $1M | $880 | 82% | 8 / 1645 |
| 44 | 0xa58fâĶ9f98 | mixed retail | $20K | $17K | 9.8 | $4K | 95% | 10 | $399K | $40K | 80% | 10 / 0 |
| 45 | 0x0679âĶb811 | mixed retail | $20K | $18K | 54.6 | $1K | n/a | 16 | $2M | $126K | 0% | 16 / 0 |
| 46 | 0xee33âĶ6248 | mixed retail | $18K | $18K | 11.1 | $12K | 33% | 211 | $2M | $11K | 2% | 211 / 0 |
| 47 | 0x4460âĶ9099 | premium seller | $18K | $16K | 14.1 | $4K | 86% | 15 | $724K | $48K | 47% | 15 / 0 |
| 48 | 0xe5d8âĶf9d7 | mixed retail | $17K | $18K | 7.3 | $5K | n/a | 14 | $553K | $40K | 86% | 14 / 0 |
| 49 | 0x9884âĶ6583 | mixed retail | $17K | $17K | 4.6 | $12K | 77% | 66 | $12M | $182K | 12% | 66 / 0 |
| 50 | 0x6c57âĶb1a5 | mixed retail | $17K | $12K | 1.5 | $14K | 56% | 43 | $1M | $31K | 30% | 36 / 7 |
| 51 | 0xc640âĶ93fc | mixed retail | $16K | $12K | 2.7 | $22K | 61% | 101 | $7M | $65K | 35% | 101 / 0 |
| 52 | 0xa11câĶ5644 | wing buyer | $15K | $9K | 0.7 | $34K | 62% | 27 | $193K | $7K | 7% | 3 / 24 |
| 53 | 0xe399âĶ9913 | wing buyer | $15K | $11K | 3.7 | $6K | n/a | 3 | $75K | $25K | 0% | 3 / 0 |
| 54 | 0x565eâĶ8eba | premium seller | $14K | $14K | 15.4 | $5K | n/a | 13 | $266K | $20K | 46% | 13 / 0 |
| 55 | 0xffd6âĶ10b3 | mixed retail | $14K | $14K | 369.7 | $99 | 82% | 649 | $61M | $95K | 5% | 576 / 73 |
| 56 | 0xeaa6âĶd493 | mixed retail | $13K | $12K | 2.7 | $12K | n/a | 1 | $225K | $225K | 0% | 1 / 0 |
| 57 | 0x954bâĶddbe | wing buyer | $13K | $13K | 28.8 | $3K | n/a | 12 | $169K | $14K | 17% | 12 / 0 |
| 58 | 0x13d0âĶca20 | rfq block | $13K | -$28K | -2.4 | $49K | n/a | 1 | $42K | $42K | 0% | 1 / 0 |
| 59 | 0x65b1âĶ2146 | mixed retail | $13K | $6K | 2.2 | $11K | n/a | 2 | $222K | $111K | 100% | 2 / 0 |
| 60 | 0xb32fâĶ12a9 | mixed retail | $13K | $13K | 6.0 | $8K | n/a | 5 | $605K | $121K | 0% | 5 / 0 |
| 61 | 0xe223âĶdf24 | wing buyer | $13K | $13K | 2.5 | $31K | n/a | 4 | $819K | $205K | 0% | 4 / 0 |
| 62 | 0x5ff3âĶc43e | wing buyer | $13K | $10K | 3.7 | $5K | n/a | 4 | $69K | $17K | 0% | 4 / 0 |
| 63 | 0x62b6âĶ8ec3 | hedger | $12K | -$4K | -0.1 | $87K | â | 87 | $352K | $4K | 11% | 48 / 39 |
| 64 | 0x563bâĶ2ce4 | rfq block | $12K | $8K | 5.8 | $5K | n/a | 1 | $12K | $12K | 0% | 1 / 0 |
| 65 | 0xc929âĶd612 | mixed retail | $12K | $15K | 7.0 | $5K | 80% | 64 | $3M | $48K | 9% | 64 / 0 |
| 66 | 0x3f0aâĶbc09 | wing buyer | $12K | $12K | 12.2 | $5K | n/a | 30 | $242K | $8K | 0% | 30 / 0 |
| 67 | 0xdfebâĶ43c5 | mixed retail | $11K | $10K | 3.0 | $10K | n/a | 15 | $1M | $84K | 0% | 15 / 0 |
| 68 | 0x142bâĶfa52 | mixed retail | $11K | $9K | 5.4 | $5K | 38% | 11 | $716K | $65K | 36% | 11 / 0 |
| 69 | 0x1dfaâĶd6b4 | mixed retail | $11K | $7K | 1.4 | $10K | 56% | 175 | $5M | $30K | 10% | 175 / 0 |
| 70 | 0x32a9âĶff0d | premium seller | $10K | $6K | 4.5 | $7K | n/a | 14 | $1M | $84K | 0% | 14 / 0 |
| 71 | 0xed04âĶ3eb9 | rfq block | $10K | $12K | 6.9 | $6K | 46% | 10 | $357K | $36K | 0% | 10 / 0 |
| 72 | 0x155aâĶa9c2 | mixed retail | $10K | $2K | 0.5 | $19K | 22% | 120 | $3M | $28K | 5% | 120 / 0 |
| 73 | 0x9e04âĶ1172 | mixed retail | $9K | $9K | 9.6 | $9K | n/a | 7 | $2M | $251K | 57% | 7 / 0 |
| 74 | 0x37c0âĶa3c9 | premium seller | $9K | $9K | 86.3 | $355 | n/a | 10 | $63K | $6K | 10% | 10 / 0 |
| 75 | 0xa42bâĶa1bd | rfq block | $9K | $8K | 0.5 | $126K | n/a | 20 | $5M | $227K | 0% | 20 / 0 |
| 76 | 0x237eâĶdbad | rfq block | $9K | $10K | 6.0 | $6K | 48% | 8 | $94K | $12K | 0% | 8 / 0 |
| 77 | 0xa2e7âĶfa3f | mixed retail | $8K | $12K | 5.5 | $4K | n/a | 5 | $2M | $338K | 20% | 5 / 0 |
| 78 | 0x9a7fâĶ2fed | mixed retail | $8K | $8K | 8.4 | $3K | n/a | 1 | $78K | $78K | 0% | 1 / 0 |
| 79 | 0xd339âĶa77e | premium seller | $8K | $24K | 18.2 | $2K | n/a | 31 | $202K | $7K | 97% | 31 / 0 |
| 80 | 0xc7b4âĶ6133 | mixed retail | $7K | $7K | 31.9 | $1K | 67% | 27 | $143K | $5K | 0% | 27 / 0 |
| 81 | 0x683eâĶ5bd8 | rfq block | $7K | $6K | 17.5 | $1K | n/a | 2 | $58K | $29K | 0% | 2 / 0 |
| 82 | 0x6cbaâĶc47d | hedger | $7K | $9K | 1.8 | $10K | â | 52 | $386K | $7K | 21% | 22 / 30 |
| 83 | 0x608aâĶ45a0 | mixed retail | $7K | $1K | 0.6 | $11K | 23% | 12 | $2M | $140K | 42% | 12 / 0 |
| 84 | 0x323aâĶd579 | perp trader | $6K | $6K | 4.2 | $8K | 100% | 76 | $544K | $7K | 11% | 0 / 76 |
| 85 | 0x9ef0âĶ26f9 | mixed retail | $6K | $3K | 2.2 | $4K | 57% | 81 | $930K | $11K | 17% | 81 / 0 |
| 86 | 0x3a0aâĶe2c7 | rfq block | $6K | $5K | 7.1 | $3K | n/a | 18 | $778K | $43K | 11% | 18 / 0 |
| 87 | 0x8668âĶ0b77 | rfq block | $6K | $36K | 4.8 | $13K | 35% | 70 | $3M | $39K | 0% | 70 / 0 |
| 88 | 0x98a8âĶc724 | rfq block | $6K | $6K | 5.6 | $15K | n/a | 2 | $519K | $259K | 0% | 2 / 0 |
| 89 | 0xd957âĶ2ee9 | mixed retail | $6K | $6K | 24.9 | $765 | 67% | 225 | $2M | $7K | 0% | 225 / 0 |
| 90 | 0x8daeâĶ711d | mixed retail | $6K | $6K | 1.6 | $11K | 70% | 55 | $3M | $56K | 76% | 55 / 0 |
| 91 | 0x309bâĶf565 | hedger | $5K | $5K | 1.0 | $9K | â | 30 | $1M | $38K | 0% | 20 / 10 |
| 92 | 0x9e2aâĶ7df9 | mixed retail | $5K | $4K | 5.5 | $2K | n/a | 2 | $38K | $19K | 0% | 2 / 0 |
| 93 | 0x2885âĶf33a | rfq block | $5K | $10K | 4.6 | $7K | n/a | 7 | $588K | $84K | 0% | 7 / 0 |
| 94 | 0xf8d0âĶ92cc | premium seller | $5K | $3K | 3.9 | $3K | n/a | 6 | $77K | $13K | 67% | 6 / 0 |
| 95 | 0x990fâĶ3ac1 | rfq block | $5K | $3K | 2.4 | $4K | n/a | 14 | $669K | $48K | 0% | 14 / 0 |
| 96 | 0x77bcâĶaa4e | premium seller | $5K | $4K | 2.8 | $4K | 83% | 10 | $15K | $1K | 0% | 10 / 0 |
| 97 | 0x30ebâĶ906e | mixed retail | $5K | $5K | 0.0 | $0 | n/a | 4 | $815K | $204K | 25% | 4 / 0 |
| 98 | 0x33dbâĶ88bf | premium seller | $5K | $5K | 2.8 | $10K | 64% | 49 | $4M | $83K | 2% | 49 / 0 |
| 99 | 0x0494âĶ791f | mixed retail | $5K | $5K | 4.4 | $3K | n/a | 3 | $35K | $12K | 100% | 3 / 0 |
| 100 | 0x0b80âĶ6e82 | mixed retail | $4K | $4K | 8.9 | $2K | n/a | 10 | $196K | $20K | 10% | 10 / 0 |