Derive Traders

2,484 wallets traded on Derive in the last 30 days, ranked by what they made. The 14 market makers made $4M; everyone else combined made -$3M.

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; 198 of the 2,484 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 →

2,470 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	0xe492…d08c premium seller	premium seller	$861K	$1M	29%	7.9	$240K	$451K	229	$30M	$131K	2%	229 / 0
2	0xb4b8…4df9 premium seller	premium seller	$709K	$1M	80%	10.0	$146K	$324K	803	$23M	$28K	79%	121 / 682
3	0x75d2…ef41 upside buyer	upside buyer	$267K	$396K	100%	19.1	$38K	$400K	5	$698K	$140K	20%	5 / 0
4	0x378d…b030 spread trader	spread trader	$223K	$107K	—	3.5	$151K	–	4	$331K	$83K	0%	4 / 0
5	0x75f1…574c wing buyer	wing buyer	$196K	$178K	—	4.1	$436K	–	19	$53M	$3M	0%	19 / 0
6	0x7573…6dc8 wing buyer	wing buyer	$192K	$207K	—	47.7	$31K	–	5	$3M	$527K	0%	5 / 0
7	0x31bd…34aa upside buyer	upside buyer	$172K	$368K	36%	18.4	$37K	$148K	45	$8M	$188K	24%	45 / 0
8	0x7dc5…fc11 wing buyer	wing buyer	$152K	$218K	100%	20.4	$36K	$228K	21	$2M	$97K	0%	21 / 0
9	0x9934…431d wing buyer	wing buyer	$150K	$144K	—	23.3	$30K	–	4	$41M	$10M	0%	4 / 0
10	0xa7cd…4e95 wing buyer	wing buyer	$137K	$138K	75%	226.6	$2K	$172K	75	$545K	$7K	0%	75 / 0
11	0x20bb…abe8 wing buyer	wing buyer	$130K	$127K	—	7.5	$138K	–	32	$24M	$757K	0%	32 / 0
12	0x8bec…f66e two-way trader	two-way trader	$128K	$125K	—	43.9	$16K	–	340	$13M	$37K	0%	139 / 201
13	sfrx.eth 0x0306…4186 wing buyer	wing buyer	$122K	$112K	—	17.5	$35K	–	10	$7M	$712K	0%	10 / 0
14	0xec02…4e54 wing buyer	wing buyer	$118K	$408K	—	1.8	$370K	–	2	$82K	$41K	0%	2 / 0
15	0xea2e…2e73 hedger	hedger	$117K	-$877K	—	-2.5	$1M	$12K	11,250	$65M	$6K	33%	181 / 11069
16	0x3d3c…3645 wing buyer	wing buyer	$112K	$107K	—	17.0	$37K	–	34	$37M	$1M	0%	34 / 0
17	0x90a1…5777 wing buyer	wing buyer	$107K	$109K	36%	4.5	$56K	$92K	17	$4M	$239K	0%	17 / 0
18	0x9e04…1172 wing buyer	wing buyer	$98K	$93K	—	9.6	$50K	–	28	$23M	$805K	14%	28 / 0
19	0x1e5c…c9d6 upside buyer	upside buyer	$92K	$102K	42%	7.5	$57K	$85K	26	$5M	$203K	27%	26 / 0
20	0x13d8…9e51 upside buyer	upside buyer	$91K	$86K	15%	5.1	$112K	$59K	87	$30M	$346K	22%	87 / 0
21	0xcec7…15dc wing buyer	wing buyer	$81K	$100K	—	14.4	$13K	–	2	$178K	$89K	0%	2 / 0
22	0xd988…2680 premium seller	premium seller	$81K	-$43K	88%	-0.1	$2M	$32K	1,195	$88M	$74K	18%	1178 / 17
23	0x1680…5ab4 wing buyer	wing buyer	$78K	$299K	79%	12.4	$48K	$100K	102	$17M	$170K	42%	73 / 29
24	0xb460…ceb6 wing buyer	wing buyer	$75K	$72K	—	4.4	$51K	–	35	$30M	$859K	3%	35 / 0
25	0xdc91…fabe upside buyer	upside buyer	$73K	$73K	—	0.0	$0	–	7	$27M	$4M	0%	7 / 0
26	0x0567…1a2a wing buyer	wing buyer	$65K	$62K	—	23.4	$25K	–	9	$5M	$566K	11%	9 / 0
27	0x5ef1…4c65 two-way trader	two-way trader	$63K	$3K	45%	0.1	$147K	$9K	4,644	$13M	$3K	0%	128 / 4516
28	0x1272…8df8 upside buyer	upside buyer	$60K	$52K	—	10.8	$10K	–	24	$4M	$180K	0%	24 / 0
29	0x41cb…54ec premium seller	premium seller	$59K	$167K	61%	5.1	$81K	$65K	19	$2M	$86K	0%	19 / 0
30	0x4eee…390c two-way trader	two-way trader	$57K	$91K	57%	4.7	$31K	$62K	70	$443K	$6K	3%	36 / 34
31	0xed8d…1f34 unlabelled	unlabelled	$55K	$305K	—	96.7	$12K	–	1	$2M	$2M	0%	1 / 0
32	0xff90…8a5b wing buyer	wing buyer	$53K	$52K	—	7.3	$40K	–	44	$15M	$342K	5%	40 / 4
33	0x43a9…7ed7 hedger	hedger	$49K	$146K	—	9.1	$36K	$29K	2	$5K	$2K	0%	2 / 0
34	0x01fe…799e premium seller	premium seller	$49K	$50K	62%	27.2	$4K	$55K	79	$3M	$37K	0%	79 / 0
35	0xcaee…87ce wing buyer	wing buyer	$47K	$46K	—	12.0	$21K	–	3	$6M	$2M	0%	3 / 0
36	0x5071…1117 upside buyer	upside buyer	$46K	$45K	—	9.1	$20K	–	21	$5M	$230K	5%	21 / 0
37	0x6308…b045 wing buyer	wing buyer	$45K	$43K	—	26.0	$12K	–	27	$5M	$182K	0%	27 / 0
38	0xd5af…1b09 premium seller	premium seller	$44K	$88K	97%	11.5	$18K	$64K	84	$4M	$44K	1%	84 / 0
39	0xfe6e…af06 hedger	hedger	$42K	-$58K	—	-0.9	$208K	$7K	4,082	$27M	$7K	21%	309 / 3773
40	0x954b…ddbe wing buyer	wing buyer	$41K	$41K	—	59.8	$3K	–	14	$305K	$22K	29%	14 / 0
41	0x7195…3623 wing buyer	wing buyer	$39K	$36K	—	21.7	$12K	–	42	$9M	$220K	0%	42 / 0
42	0x38f9…00be wing buyer	wing buyer	$38K	$37K	—	7.9	$38K	–	6	$11M	$2M	0%	6 / 0
43	0xe223…df24 wing buyer	wing buyer	$38K	$70K	—	11.3	$30K	–	2	$9K	$5K	100%	2 / 0
44	chadfinance69.eth 0xe5d8…f9d7 upside buyer	upside buyer	$37K	$50K	—	12.4	$13K	–	5	$118K	$24K	60%	5 / 0
45	0x87e4…f25b unlabelled	unlabelled	$36K	$34K	—	14.9	$15K	–	2	$5M	$2M	0%	2 / 0
46	0xde09…5bb7 wing buyer	wing buyer	$34K	$33K	—	14.5	$15K	–	3	$4M	$1M	0%	3 / 0
47	0xa68c…05fc wing buyer	wing buyer	$32K	$30K	—	13.2	$20K	–	44	$9M	$200K	0%	44 / 0
48	0x3f0a…bc09 wing buyer	wing buyer	$32K	$32K	—	27.6	$5K	–	3	$33K	$11K	0%	3 / 0
49	0xd31e…450b upside buyer	upside buyer	$32K	$141K	73%	1.8	$160K	$39K	70	$31M	$437K	7%	70 / 0
50	0xe501…465c wing buyer	wing buyer	$32K	$30K	94%	26.7	$7K	$40K	129	$4M	$27K	88%	129 / 0
51	0xdfeb…43c5 two-way trader	two-way trader	$30K	$45K	—	10.7	$10K	–	15	$1M	$84K	0%	15 / 0
52	0x6404…5a0a perp trader	perp trader	$30K	$25K	71%	1.7	$51K	$36K	83	$1M	$18K	96%	0 / 83
53	0x7e04…4cdc two-way trader	two-way trader	$29K	$55K	59%	6.5	$17K	$16K	382	$4M	$10K	23%	356 / 26
54	0xe93d…d4cc perp trader	perp trader	$29K	-$15K	55%	-0.5	$95K	$22K	181	$521K	$3K	8%	0 / 181
55	0xd131…b5c4 wing buyer	wing buyer	$29K	$26K	54%	3.2	$22K	$30K	17	$1M	$87K	0%	17 / 0
56	0x18c3…609a wing buyer	wing buyer	$28K	$27K	—	34.7	$5K	–	31	$7M	$212K	16%	31 / 0
57	0x5f73…2acb upside buyer	upside buyer	$27K	$26K	—	433.6	$658	–	7	$1M	$202K	43%	7 / 0
58	yonder.eth 0xa3c7…5356 · @yondercode wing buyer	wing buyer	$27K	$26K	—	23.0	$5K	–	8	$8M	$968K	0%	8 / 0
59	0x6d5a…7311 wing buyer	wing buyer	$26K	$25K	—	6.0	$24K	–	10	$11M	$1M	0%	10 / 0
60	0xf6eb…ed93 upside buyer	upside buyer	$26K	$26K	—	16.6	$7K	–	20	$2M	$76K	0%	20 / 0
61	0xf56d…24cb spread trader	spread trader	$25K	$20K	60%	3.2	$16K	$24K	135	$3M	$19K	1%	130 / 5
62	0xa72a…8dd7 hedger	hedger	$25K	$16K	—	1.2	$25K	$16K	94	$180K	$2K	1%	71 / 23
63	0xd49e…b825 wing buyer	wing buyer	$25K	$23K	—	7.5	$25K	–	16	$10M	$646K	0%	16 / 0
64	0xc3a2…f876 wing buyer	wing buyer	$24K	$24K	—	8.8	$20K	–	66	$5M	$78K	6%	66 / 0
65	0x87b8…a694 two-way trader	two-way trader	$24K	$23K	61%	28.7	$2K	$20K	193	$1M	$8K	4%	131 / 62
66	0x271c…403e wing buyer	wing buyer	$24K	$23K	—	28.4	$7K	–	11	$1M	$102K	100%	11 / 0
67	0x552e…3570 wing buyer	wing buyer	$24K	$22K	—	55.2	$2K	–	36	$4M	$121K	0%	36 / 0
68	0x004b…f972 upside buyer	upside buyer	$24K	$118K	58%	13.1	$26K	$25K	72	$14M	$192K	18%	72 / 0
69	0xb442…4f3b unlabelled	unlabelled	$23K	$22K	—	13.8	$9K	–	2	$7M	$4M	0%	2 / 0
70	0xd2db…a7d8 spread trader	spread trader	$23K	$21K	17%	6.4	$22K	$15K	44	$5M	$123K	0%	44 / 0
71	0xd127…bf38 two-way trader	two-way trader	$23K	$12K	89%	1.0	$42K	$17K	351	$11M	$32K	13%	291 / 60
72	0x0ac1…ad0a wing buyer	wing buyer	$23K	$22K	—	23.2	$6K	–	8	$5M	$632K	0%	8 / 0
73	0x204a…28a0 wing buyer	wing buyer	$23K	$22K	—	61.0	$2K	–	12	$6M	$474K	0%	12 / 0
74	0x137c…82a0 upside buyer	upside buyer	$22K	$8K	87%	1.0	$25K	$31K	75	$2M	$21K	77%	60 / 15
75	0xa11c…5644 wing buyer	wing buyer	$22K	$41K	41%	2.1	$62K	$20K	27	$175K	$6K	4%	5 / 22
76	0x4cf6…4f36 upside buyer	upside buyer	$22K	$21K	—	29.4	$5K	–	5	$494K	$99K	20%	5 / 0
77	0xd699…5a26 wing buyer	wing buyer	$20K	$53K	62%	34.1	$5K	$21K	109	$2M	$22K	20%	109 / 0
78	0xd346…250a perp trader	perp trader	$19K	$20K	45%	7.5	$18K	$15K	153	$5M	$34K	27%	0 / 153
79	dillonlin.eth 0x309b…f565 spread trader	spread trader	$19K	$25K	—	5.0	$9K	–	18	$1M	$71K	0%	15 / 3
80	0x357e…b5fe wing buyer	wing buyer	$18K	$88K	31%	19.8	$13K	$15K	54	$8M	$139K	2%	54 / 0
81	0x436a…349e perp trader	perp trader	$18K	-$58K	50%	-2.5	$113K	$10K	329	$2M	$5K	0%	0 / 329
82	0x7fca…1135 wing buyer	wing buyer	$18K	$17K	—	3.7	$20K	–	13	$2M	$151K	15%	13 / 0
83	0x11a9…39cf wing buyer	wing buyer	$18K	$18K	—	95.5	$2K	–	20	$4M	$220K	0%	20 / 0
84	0xb0c1…5a04 wing buyer	wing buyer	$17K	$17K	—	23.4	$4K	–	20	$2M	$124K	0%	20 / 0
85	0x22e1…f887 premium seller	premium seller	$15K	$846	67%	0.1	$38K	$18K	36	$3M	$91K	0%	36 / 0
86	0xbb76…441e unlabelled	unlabelled	$15K	$15K	—	63988.5	$2	–	2	$393K	$197K	0%	2 / 0
87	0x3a1d…d54b unlabelled	unlabelled	$15K	$15K	—	9.2	$10K	–	2	$2M	$754K	0%	2 / 0
88	0x4297…0520 vol buyer	vol buyer	$15K	$4K	76%	0.3	$15K	$8K	609	$5M	$8K	13%	389 / 220
89	0x3af4…b004 wing buyer	wing buyer	$14K	$14K	—	31.1	$3K	–	6	$5M	$838K	0%	6 / 0
90	0x2b65…b515 hedger	hedger	$14K	$13K	—	7.0	$4K	$20K	23	$399K	$17K	100%	10 / 13
91	0xacef…1ead premium seller	premium seller	$14K	$21K	75%	5.6	$8K	$17K	84	$4M	$51K	5%	84 / 0
92	0x15ef…51f3 perp trader	perp trader	$14K	$74K	59%	0.8	$229K	$882	29,417	$123M	$4K	3%	0 / 29417
93	0x32a9…ff0d premium seller	premium seller	$14K	$10K	—	6.9	$7K	–	14	$1M	$84K	0%	14 / 0
94	0x8f45…dd7a upside buyer	upside buyer	$13K	$13K	—	27.5	$3K	–	23	$1M	$50K	35%	23 / 0
95	0x0874…79a5 wing buyer	wing buyer	$13K	$13K	30%	6.0	$17K	$11K	38	$22M	$570K	0%	38 / 0
96	0xb989…f995 upside buyer	upside buyer	$13K	$13K	84%	39.3	$3K	$18K	29	$4M	$140K	21%	29 / 0
97	jpgs.eth 0x7409…d218 wing buyer	wing buyer	$13K	$13K	—	84.7	$1K	–	8	$962K	$120K	0%	8 / 0
98	0x98a8…c724 unlabelled	unlabelled	$13K	$13K	—	8.0	$15K	–	8	$1M	$148K	0%	8 / 0
99	0xb32f…12a9 upside buyer	upside buyer	$12K	$29K	—	13.5	$6K	–	6	$625K	$104K	17%	6 / 0
100	0xee33…6248 upside buyer	upside buyer	$12K	$14K	26%	5.5	$19K	$5K	291	$4M	$13K	5%	291 / 0

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