Derive Traders

2,428 wallets traded on Derive in the last 30 days, ranked by what they made. The 16 market makers made $4M; everyone else combined made -$4M.

How wallets are labelled and ranked

Every fill on Derive is public, so each wallet is labelled by how it trades. 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. Market makers are hidden from the ranking by default because quoting is a different business from trading; the toggle below shows them.

Names come from Derive's own leaderboard (ENS) and the wallets we follow by hand; 11 of the 2,428 active wallets have one. Search accepts an ENS name, an X handle, a smart-wallet address or an owner address; an ENS name we have not seen is resolved on-chain when you open it.

Leaderboard

Cohort breakdown →

2,412 wallets · 30-day window · Size and PnL tiers, score and 90d figures use their own windows.

What the columns mean

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’s 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 uses 30-day 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, and under ten closing fills. Click a column to rank by it and a wallet for its positions and history.

#	Trader	Style					Max DD		Fills		Avg size	Maker %	Opt / Perp
1	0xd988…2680 premium seller	premium seller	$469K	$437K	88%	0.9	$2M	$174K	1,398	$81M	$58K	13%	1172 / 226
2	0xe492…d08c premium seller	premium seller	$365K	$890K	40%	6.2	$221K	$307K	115	$13M	$109K	4%	115 / 0
3	0x7dc5…fc11 wing buyer	wing buyer	$205K	$205K	100%	20.0	$36K	$308K	21	$2M	$97K	0%	21 / 0
4	0x75d2…ef41 upside buyer	upside buyer	$200K	$300K	100%	14.7	$38K	$300K	5	$698K	$140K	20%	5 / 0
5	0x31bd…34aa upside buyer	upside buyer	$184K	$342K	37%	18.5	$37K	$160K	47	$8M	$171K	23%	47 / 0
6	0x378d…b030 spread trader	spread trader	$182K	$88K	—	3.4	$151K	–	10	$573K	$57K	0%	10 / 0
7	0xec02…4e54 wing buyer	wing buyer	$146K	$306K	—	1.4	$370K	–	2	$82K	$41K	0%	2 / 0
8	0x7573…6dc8 wing buyer	wing buyer	$129K	$129K	—	35.1	$31K	–	5	$3M	$527K	0%	5 / 0
9	0xf36e…9702 premium seller	premium seller	$116K	$59K	52%	2.8	$88K	$118K	56	$6M	$101K	0%	56 / 0
10	0xa7cd…4e95 wing buyer	wing buyer	$106K	$106K	75%	184.4	$2K	$132K	75	$545K	$7K	0%	75 / 0
11	0x9934…431d wing buyer	wing buyer	$83K	$83K	—	24.0	$30K	–	4	$41M	$10M	0%	4 / 0
12	0x8bec…f66e two-way trader	two-way trader	$78K	$78K	—	31.6	$16K	–	275	$12M	$44K	0%	133 / 142
13	0x5ef1…4c65 two-way trader	two-way trader	$74K	$6K	45%	0.1	$147K	$10K	4,880	$13M	$3K	0%	128 / 4752
14	0xdc91…fabe upside buyer	upside buyer	$73K	$73K	—	0.0	$0	–	7	$27M	$4M	0%	7 / 0
15	sfrx.eth 0x0306…4186 wing buyer	wing buyer	$72K	$72K	—	15.0	$35K	–	8	$4M	$479K	0%	8 / 0
16	0xb460…ceb6 wing buyer	wing buyer	$67K	$67K	—	4.3	$51K	–	32	$29M	$920K	0%	32 / 0
17	0xcec7…15dc wing buyer	wing buyer	$62K	$80K	—	9.5	$13K	–	2	$178K	$89K	0%	2 / 0
18	0xed8d…1f34 unlabelled	unlabelled	$55K	$305K	—	100.4	$12K	–	1	$2M	$2M	0%	1 / 0
19	0x3d3c…3645 wing buyer	wing buyer	$54K	$54K	—	13.7	$37K	–	34	$37M	$1M	0%	34 / 0
20	0xe93d…d4cc perp trader	perp trader	$50K	-$31K	54%	-1.0	$98K	$34K	227	$680K	$3K	19%	0 / 227
21	0xa11c…5644 wing buyer	wing buyer	$49K	$71K	47%	2.6	$84K	$47K	28	$215K	$8K	7%	6 / 22
22	0x01fe…799e premium seller	premium seller	$48K	$50K	62%	28.4	$4K	$54K	81	$4M	$43K	0%	81 / 0
23	0x1e5c…c9d6 upside buyer	upside buyer	$48K	$42K	42%	3.2	$57K	$44K	44	$7M	$161K	20%	44 / 0
24	0x62b6…8ec3 spread trader	spread trader	$45K	-$3K	28%	-0.1	$105K	$35K	43	$202K	$5K	12%	22 / 21
25	0x20bb…abe8 wing buyer	wing buyer	$39K	$39K	—	2.1	$138K	–	32	$24M	$757K	0%	32 / 0
26	0x56d3…4f83 two-way trader	two-way trader	$38K	$136K	40%	3.5	$144K	$3K	9,682	$52M	$5K	0%	637 / 9045
27	0x436a…349e perp trader	perp trader	$38K	-$69K	43%	-2.2	$152K	$20K	319	$2M	$5K	0%	0 / 319
28	0x1680…5ab4 wing buyer	wing buyer	$35K	$264K	79%	11.6	$48K	$45K	102	$17M	$170K	42%	73 / 29
29	0xe5d8…f9d7 upside buyer	upside buyer	$30K	$42K	—	16.2	$5K	–	8	$158K	$20K	75%	8 / 0
30	0x978e…6fb9 perp trader	perp trader	$29K	-$162K	45%	-2.2	$299K	$2K	13,604	$88M	$6K	40%	0 / 13604
31	0xa72a…8dd7 hedger	hedger	$29K	$87K	—	6.6	$29K	$13K	187	$2M	$10K	1%	96 / 91
32	0xe501…465c upside buyer	upside buyer	$28K	$28K	94%	104.3	$2K	$36K	128	$3M	$22K	89%	128 / 0
33	0xcaee…87ce wing buyer	wing buyer	$27K	$27K	—	8.6	$21K	–	3	$6M	$2M	0%	3 / 0
34	0x15ef…51f3 perp trader	perp trader	$26K	-$306K	47%	-2.6	$388K	$2K	25,700	$111M	$4K	3%	0 / 25700
35	0x954b…ddbe wing buyer	wing buyer	$26K	$26K	—	18.7	$7K	–	14	$305K	$22K	29%	14 / 0
36	0xd5af…1b09 premium seller	premium seller	$26K	$75K	96%	10.0	$18K	$37K	32	$1M	$40K	0%	32 / 0
37	0x137c…82a0 upside buyer	upside buyer	$24K	$7K	89%	1.1	$17K	$33K	67	$1M	$20K	76%	56 / 11
38	0x357e…b5fe wing buyer	wing buyer	$24K	$77K	31%	17.7	$13K	$19K	54	$8M	$139K	2%	54 / 0
39	0xf56d…24cb spread trader	spread trader	$22K	$15K	60%	2.4	$16K	$20K	143	$3M	$18K	1%	136 / 7
40	0x3f0a…bc09 wing buyer	wing buyer	$21K	$21K	—	18.6	$5K	–	30	$242K	$8K	0%	30 / 0
41	0x90a1…5777 wing buyer	wing buyer	$20K	$22K	36%	0.9	$56K	$17K	17	$4M	$239K	0%	17 / 0
42	0x4eee…390c premium seller	premium seller	$18K	$60K	55%	3.1	$31K	$19K	42	$372K	$9K	5%	15 / 27
43	0xff90…8a5b wing buyer	wing buyer	$18K	$18K	—	3.6	$40K	–	44	$15M	$342K	5%	40 / 4
44	0xd131…b5c4 wing buyer	wing buyer	$18K	$18K	54%	2.4	$22K	$18K	17	$1M	$87K	0%	17 / 0
45	0x87e4…f25b unlabelled	unlabelled	$17K	$17K	—	9.4	$15K	–	2	$5M	$2M	0%	2 / 0
46	0x18c3…609a wing buyer	wing buyer	$17K	$17K	—	53.3	$2K	–	28	$6M	$215K	14%	28 / 0
47	0xf6eb…ed93 upside buyer	upside buyer	$17K	$17K	—	24.5	$5K	–	20	$2M	$76K	0%	20 / 0
48	0xde09…5bb7 wing buyer	wing buyer	$16K	$16K	—	9.0	$15K	–	3	$4M	$1M	0%	3 / 0
49	0x13d0…ca20 wing buyer	wing buyer	$16K	-$3K	—	-0.3	$49K	–	2	$130K	$65K	0%	2 / 0
50	0x22e1…f887 premium seller	premium seller	$16K	$2K	67%	0.2	$38K	$19K	50	$5M	$91K	0%	50 / 0
51	0x5071…1117 upside buyer	upside buyer	$15K	$15K	—	3.3	$20K	–	19	$5M	$240K	5%	19 / 0
52	yonder.eth 0xa3c7…5356 · @yondercode wing buyer	wing buyer	$14K	$14K	—	23.7	$5K	–	8	$8M	$968K	0%	8 / 0
53	0x32a9…ff0d premium seller	premium seller	$14K	$10K	—	7.5	$7K	–	14	$1M	$84K	0%	14 / 0
54	0xee33…6248 upside buyer	upside buyer	$14K	$14K	29%	5.9	$18K	$7K	269	$3M	$12K	5%	269 / 0
55	0x43a9…7ed7 hedger	hedger	$13K	$112K	—	7.0	$36K	$8K	2	$5K	$2K	0%	2 / 0
56	0x271c…403e wing buyer	wing buyer	$13K	$13K	—	19.3	$7K	–	11	$1M	$102K	100%	11 / 0
57	0x13d8…9e51 upside buyer	upside buyer	$13K	$13K	15%	1.0	$112K	$9K	87	$30M	$346K	22%	87 / 0
58	0xb989…f995 upside buyer	upside buyer	$13K	$13K	84%	55.6	$3K	$18K	29	$4M	$140K	21%	29 / 0
59	0x309b…f565 spread trader	spread trader	$13K	$16K	—	3.5	$9K	–	17	$850K	$50K	0%	14 / 3
60	0x98a8…c724 unlabelled	unlabelled	$13K	$13K	—	9.6	$15K	–	6	$822K	$137K	0%	6 / 0
61	0x7e04…4cdc two-way trader	two-way trader	$12K	$37K	60%	4.3	$17K	$7K	350	$3M	$10K	18%	350 / 0
62	0x6308…b045 wing buyer	wing buyer	$12K	$12K	—	14.2	$8K	–	27	$5M	$182K	0%	27 / 0
63	0x204a…28a0 wing buyer	wing buyer	$12K	$12K	—	42.6	$2K	–	12	$6M	$474K	0%	12 / 0
64	0xb442…4f3b unlabelled	unlabelled	$11K	$11K	—	10.1	$9K	–	2	$7M	$4M	0%	2 / 0
65	0x6b20…17ee spread trader	spread trader	$11K	-$408	—	-0.1	$18K	–	16	$63K	$4K	0%	8 / 8
66	0x1272…8df8 upside buyer	upside buyer	$11K	$11K	—	0.9	$24K	–	21	$2M	$115K	0%	21 / 0
67	0x2a54…2969 upside buyer	upside buyer	$11K	$61K	—	12.0	$12K	–	3	$73K	$24K	0%	3 / 0
68	0xd699…5a26 wing buyer	wing buyer	$10K	$43K	68%	27.6	$5K	$12K	99	$2M	$23K	22%	99 / 0
69	0x2b65…b515 hedger	hedger	$10K	$9K	—	4.3	$4K	$15K	22	$249K	$11K	100%	12 / 10
70	0x33db…88bf two-way trader	two-way trader	$10K	$10K	73%	5.5	$10K	$12K	67	$6M	$87K	1%	67 / 0
71	0xdfeb…43c5 two-way trader	two-way trader	$10K	$28K	—	6.5	$10K	–	15	$1M	$84K	0%	15 / 0
72	0xb1be…01bd upside buyer	upside buyer	$10K	$8K	—	2.2	$9K	–	4	$61K	$15K	0%	4 / 0
73	0xffd6…10b3 two-way trader	two-way trader	$10K	$15K	61%	386.7	$99	$3K	1,087	$70M	$64K	3%	611 / 476
74	0xd2db…a7d8 spread trader	spread trader	$9K	$9K	—	3.3	$22K	–	38	$5M	$137K	0%	38 / 0
75	0x6871…fb9b upside buyer	upside buyer	$9K	$4K	100%	0.8	$11K	$14K	10	$192K	$19K	10%	10 / 0
76	0x38f9…00be wing buyer	wing buyer	$9K	$9K	—	2.3	$38K	–	4	$9M	$2M	0%	4 / 0
77	0x70bc…d605 upside buyer	upside buyer	$9K	$9K	50%	54.0	$1K	$9K	24	$2M	$82K	0%	24 / 0
78	0xc3a2…f876 wing buyer	wing buyer	$9K	$9K	—	3.8	$20K	–	66	$5M	$78K	6%	66 / 0
79	0x6d5a…7311 wing buyer	wing buyer	$9K	$9K	—	2.6	$24K	–	10	$11M	$1M	0%	10 / 0
80	0x8f45…dd7a upside buyer	upside buyer	$9K	$9K	—	100.9	$986	–	13	$635K	$49K	62%	13 / 0
81	0xacef…1ead premium seller	premium seller	$9K	$16K	74%	4.4	$8K	$11K	75	$4M	$52K	7%	75 / 0
82	0x87b8…a694 two-way trader	two-way trader	$9K	$9K	69%	13.2	$1K	$8K	155	$1M	$9K	5%	111 / 44
83	0xd127…bf38 two-way trader	two-way trader	$8K	$4K	88%	0.3	$42K	$7K	306	$10M	$34K	14%	269 / 37
84	0xa630…4d25 spread trader	spread trader	$8K	$7K	—	2.1	$9K	–	14	$356K	$25K	0%	14 / 0
85	0xb0c1…5a04 wing buyer	wing buyer	$8K	$8K	—	33.4	$3K	–	20	$2M	$124K	0%	20 / 0
86	0x11a9…39cf wing buyer	wing buyer	$8K	$8K	—	52.5	$2K	–	14	$1M	$75K	0%	14 / 0
87	0x4cf6…4f36 upside buyer	upside buyer	$8K	$8K	—	53.2	$1K	–	5	$494K	$99K	20%	5 / 0
88	0xb6a9…d693 hedger	hedger	$8K	-$3K	—	-0.2	$41K	–	241	$3M	$11K	25%	64 / 177
89	0x0ac1…ad0a wing buyer	wing buyer	$8K	$8K	—	38.8	$2K	–	8	$5M	$632K	0%	8 / 0
90	0x9d0e…305f upside buyer	upside buyer	$8K	$8K	—	293.5	$248	–	17	$343K	$20K	18%	17 / 0
91	0xd957…2ee9 two-way trader	two-way trader	$7K	$7K	64%	19.2	$2K	$5K	311	$2M	$7K	0%	311 / 0
92	0x7342…105d upside buyer	upside buyer	$7K	$9K	71%	14.0	$1K	$9K	27	$163K	$6K	4%	27 / 0
93	0xe399…9913 premium seller	premium seller	$7K	$11K	—	3.6	$6K	–	3	$75K	$25K	0%	3 / 0
94	0x624e…bb50 premium seller	premium seller	$7K	$10K	44%	1.8	$12K	$7K	26	$643K	$25K	27%	26 / 0
95	0x5f8e…f31e wing buyer	wing buyer	$7K	$7K	—	41.8	$2K	–	6	$4M	$598K	0%	6 / 0
96	0x3af4…b004 wing buyer	wing buyer	$7K	$7K	—	1328.4	$55	–	6	$5M	$838K	0%	6 / 0
97	0xed04…3eb9 premium seller	premium seller	$7K	$15K	46%	10.2	$5K	$6K	11	$380K	$35K	0%	11 / 0
98	0x323a…d579 perp trader	perp trader	$6K	$6K	100%	3.9	$8K	$10K	76	$544K	$7K	11%	0 / 76
99	0x5ff3…c43e premium seller	premium seller	$6K	$10K	—	3.6	$5K	–	4	$69K	$17K	0%	4 / 0
100	0x6c7e…8c1a wing buyer	wing buyer	$6K	$6K	—	37.8	$1K	–	8	$2M	$293K	0%	8 / 0

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