DeriveDeribit
Trade on Derive2461 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 -$3M.
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 | $3M | $280K |
| hedger | 114 | $2B | $352K | $3K |
| perp trader | 90 | $1B | -$2M | -$22K |
| rfq block | 636 | $852M | $313K | $492 |
| mixed retail | 1409 | $507M | $133K | $94 |
| wing buyer | 128 | $235M | -$222K | -$2K |
| premium seller | 74 | $191M | -$1M | -$18K |
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 | 0x3bf6âĶ3efb | market maker | $6M | $8M | 4.9 | $3M | â | 30343 | $2B | $53K | 66% | 11383 / 18960 |
| 2 | 0x96b9âĶa701 | hedger | $4M | $5M | 3.4 | $3M | â | 5051 | $1B | $234K | 12% | 270 / 4781 |
| 3 | 0xe492âĶd08c | rfq block | $560K | $734K | 5.2 | $221K | 42% | 247 | $33M | $133K | 2% | 247 / 0 |
| 4 | 0xb4b8âĶ4df9 | hedger | $464K | $553K | 4.7 | $181K | â | 2112 | $28M | $13K | 46% | 94 / 2018 |
| 5 | 0xed8dâĶ1f34 | rfq block | $230K | $305K | 103.1 | $12K | n/a | 1 | $2M | $2M | 0% | 1 / 0 |
| 6 | 0x7dc5âĶfc11 | rfq block | $206K | $206K | 21.1 | $36K | 100% | 26 | $3M | $100K | 0% | 26 / 0 |
| 7 | 0x75d2âĶef41 | mixed retail | $179K | $252K | 12.5 | $38K | 100% | 7 | $822K | $117K | 43% | 7 / 0 |
| 8 | 0x31bdâĶ34aa | mixed retail | $176K | $261K | 14.3 | $37K | 36% | 43 | $5M | $126K | 26% | 43 / 0 |
| 9 | 0xec02âĶ4e54 | rfq block | $153K | $203K | 1.0 | $370K | n/a | 2 | $82K | $41K | 0% | 2 / 0 |
| 10 | 0x378dâĶb030 | rfq block | $125K | $69K | 2.7 | $151K | n/a | 6 | $241K | $40K | 0% | 6 / 0 |
| 11 | 0x7573âĶ6dc8 | wing buyer | $119K | $119K | 37.4 | $31K | n/a | 5 | $3M | $527K | 0% | 5 / 0 |
| 12 | 0xa7cdâĶ4e95 | wing buyer | $101K | $101K | 183.8 | $2K | 82% | 71 | $511K | $7K | 0% | 71 / 0 |
| 13 | 0x5ef1âĶ4c65 | hedger | $101K | $9K | 0.2 | $147K | â | 5142 | $14M | $3K | 0% | 165 / 4977 |
| 14 | 0x56d3âĶ4f83 | hedger | $97K | $120K | 3.3 | $144K | â | 9970 | $50M | $5K | 0% | 632 / 9338 |
| 15 | 0xebc1âĶde4f | hedger | $92K | $150K | 3.1 | $167K | â | 253 | $103M | $409K | 13% | 23 / 230 |
| 16 | 0x1680âĶ5ab4 | mixed retail | $80K | $219K | 9.8 | $48K | 94% | 110 | $22M | $198K | 41% | 91 / 19 |
| 17 | 0xcec7âĶ15dc | mixed retail | $77K | $77K | 11.6 | $13K | n/a | 4 | $591K | $148K | 25% | 4 / 0 |
| 18 | 0xf36eâĶ9702 | rfq block | $76K | $70K | 3.4 | $88K | 52% | 65 | $7M | $102K | 0% | 65 / 0 |
| 19 | 0x8a89âĶaeee | mixed retail | $55K | $94K | 2.5 | $100K | 24% | 60 | $11M | $177K | 5% | 60 / 0 |
| 20 | sfrx.eth | rfq block | $52K | $52K | 26.8 | $21K | n/a | 8 | $4M | $479K | 0% | 8 / 0 |
| 21 | 0x62b6âĶ8ec3 | hedger | $51K | -$4K | -0.1 | $87K | â | 87 | $352K | $4K | 11% | 48 / 39 |
| 22 | 0x43a9âĶ7ed7 | mixed retail | $50K | $96K | 6.1 | $36K | 9% | 2 | $5K | $2K | 0% | 2 / 0 |
| 23 | 0x41cbâĶ54ec | rfq block | $50K | $94K | 3.0 | $81K | 78% | 23 | $966K | $42K | 0% | 23 / 0 |
| 24 | 0x01feâĶ799e | mixed retail | $49K | $50K | 29.4 | $4K | 62% | 81 | $4M | $43K | 0% | 81 / 0 |
| 25 | 0x8becâĶf66e | hedger | $46K | $46K | 21.3 | $16K | â | 184 | $10M | $55K | 0% | 93 / 91 |
| 26 | 0x978eâĶ6fb9 | perp trader | $44K | -$80K | -1.2 | $248K | 46% | 13647 | $89M | $7K | 42% | 0 / 13647 |
| 27 | 0x357eâĶb5fe | rfq block | $42K | $72K | 16.9 | $13K | 31% | 54 | $8M | $139K | 2% | 54 / 0 |
| 28 | 0x004bâĶf972 | mixed retail | $41K | $75K | 8.9 | $26K | 59% | 81 | $18M | $219K | 15% | 81 / 0 |
| 29 | 0x4eeeâĶ390c | hedger | $39K | $38K | 2.0 | $31K | â | 208 | $646K | $3K | 3% | 70 / 138 |
| 30 | 0xf795âĶ5c43 | perp trader | $37K | $65K | 1.8 | $79K | 56% | 7983 | $47M | $6K | 100% | 0 / 7983 |
| 31 | 0xa11câĶ5644 | wing buyer | $34K | $34K | 1.6 | $65K | 62% | 24 | $186K | $8K | 8% | 3 / 21 |
| 32 | 0x1432âĶc81d | perp trader | $30K | $30K | 64.9 | $2K | 100% | 111 | $2M | $19K | 0% | 0 / 111 |
| 33 | 0xe501âĶ465c | mixed retail | $28K | $28K | 134.6 | $2K | 94% | 128 | $3M | $22K | 89% | 128 / 0 |
| 34 | 0xd5afâĶ1b09 | rfq block | $27K | $70K | 7.9 | $25K | 91% | 36 | $1M | $40K | 0% | 36 / 0 |
| 35 | 0xe848âĶc816 | hedger | $27K | $22K | 1.1 | $29K | â | 1694 | $1M | $871 | 82% | 8 / 1686 |
| 36 | 0xd699âĶ5a26 | wing buyer | $26K | $39K | 25.5 | $5K | 68% | 99 | $2M | $23K | 22% | 99 / 0 |
| 37 | 0x2a54âĶ2969 | rfq block | $26K | $50K | 10.0 | $12K | n/a | 3 | $73K | $24K | 0% | 3 / 0 |
| 38 | 0x46a2âĶae45 | premium seller | $26K | $89K | 54.1 | $8K | 100% | 50 | $678K | $14K | 90% | 50 / 0 |
| 39 | 0xe5d8âĶf9d7 | mixed retail | $26K | $34K | 13.3 | $5K | n/a | 14 | $553K | $40K | 86% | 14 / 0 |
| 40 | 0x13d0âĶca20 | rfq block | $26K | -$12K | -1.0 | $49K | n/a | 1 | $42K | $42K | 0% | 1 / 0 |
| 41 | 0x954bâĶddbe | wing buyer | $24K | $24K | 45.9 | $3K | n/a | 12 | $169K | $14K | 17% | 12 / 0 |
| 42 | 0xa72aâĶ8dd7 | hedger | $23K | $73K | 5.5 | $29K | â | 183 | $2M | $10K | 1% | 94 / 89 |
| 43 | 0x6c57âĶb1a5 | mixed retail | $22K | $15K | 1.7 | $22K | 52% | 44 | $1M | $30K | 30% | 37 / 7 |
| 44 | 0xee33âĶ6248 | mixed retail | $22K | $22K | 12.8 | $12K | 33% | 233 | $3M | $11K | 3% | 233 / 0 |
| 45 | 0xb460âĶceb6 | rfq block | $21K | $21K | 1.4 | $51K | n/a | 32 | $29M | $920K | 0% | 32 / 0 |
| 46 | 0xaf32âĶ3811 | premium seller | $21K | $93K | 142.1 | $5K | 93% | 32 | $3M | $85K | 75% | 32 / 0 |
| 47 | 0xe223âĶdf24 | wing buyer | $20K | $20K | 3.7 | $30K | n/a | 4 | $819K | $205K | 0% | 4 / 0 |
| 48 | 0x9884âĶ6583 | mixed retail | $20K | $17K | 4.5 | $12K | 77% | 66 | $12M | $182K | 12% | 66 / 0 |
| 49 | 0x3f0aâĶbc09 | wing buyer | $19K | $19K | 18.6 | $5K | n/a | 30 | $242K | $8K | 0% | 30 / 0 |
| 50 | 0xeaa6âĶd493 | mixed retail | $18K | $14K | 3.2 | $12K | n/a | 1 | $225K | $225K | 0% | 1 / 0 |
| 51 | 0x8f45âĶf6ae | rfq block | $17K | $33K | 17.9 | $8K | 69% | 13 | $739K | $57K | 0% | 13 / 0 |
| 52 | 0xa42bâĶa1bd | rfq block | $16K | $16K | 1.0 | $119K | n/a | 20 | $5M | $227K | 0% | 20 / 0 |
| 53 | 0xb32fâĶ12a9 | mixed retail | $16K | $16K | 7.9 | $6K | n/a | 5 | $605K | $121K | 0% | 5 / 0 |
| 54 | 0x436aâĶ349e | perp trader | $16K | -$74K | -2.4 | $152K | 43% | 361 | $2M | $5K | 0% | 0 / 361 |
| 55 | 0x7e04âĶ4cdc | mixed retail | $16K | $29K | 5.4 | $17K | 60% | 398 | $4M | $10K | 21% | 398 / 0 |
| 56 | 0x4ccdâĶe700 | mixed retail | $15K | $51K | 3.1 | $46K | 67% | 55 | $8M | $142K | 45% | 55 / 0 |
| 57 | 0x3378âĶ72ac | rfq block | $15K | $31K | 10.0 | $8K | n/a | 6 | $2M | $324K | 0% | 6 / 0 |
| 58 | 0x1e5câĶc9d6 | rfq block | $14K | $14K | 1.1 | $57K | 42% | 50 | $8M | $162K | 18% | 50 / 0 |
| 59 | 0x65b1âĶ2146 | mixed retail | $13K | $6K | 2.2 | $11K | n/a | 2 | $222K | $111K | 100% | 2 / 0 |
| 60 | 0x32a9âĶff0d | premium seller | $11K | $7K | 5.5 | $7K | n/a | 14 | $1M | $84K | 0% | 14 / 0 |
| 61 | 0xf6ebâĶed93 | rfq block | $11K | $11K | 19.0 | $5K | n/a | 18 | $1M | $83K | 0% | 18 / 0 |
| 62 | 0xdfebâĶ43c5 | mixed retail | $11K | $16K | 4.5 | $10K | n/a | 15 | $1M | $84K | 0% | 15 / 0 |
| 63 | 0x98a8âĶc724 | rfq block | $11K | $11K | 10.0 | $15K | n/a | 2 | $519K | $259K | 0% | 2 / 0 |
| 64 | 0x309bâĶf565 | hedger | $11K | $9K | 2.0 | $9K | â | 30 | $1M | $38K | 0% | 20 / 10 |
| 65 | 0x9e04âĶ1172 | mixed retail | $10K | $10K | 9.9 | $9K | n/a | 8 | $2M | $290K | 50% | 8 / 0 |
| 66 | 0x142bâĶfa52 | mixed retail | $10K | $10K | 5.8 | $5K | 38% | 11 | $716K | $65K | 36% | 11 / 0 |
| 67 | 0xb1beâĶ01bd | rfq block | $10K | $3K | 0.8 | $9K | n/a | 4 | $61K | $15K | 0% | 4 / 0 |
| 68 | 0x155aâĶa9c2 | mixed retail | $9K | $13K | 2.5 | $19K | 22% | 120 | $3M | $28K | 5% | 120 / 0 |
| 69 | 0x137câĶ82a0 | mixed retail | $9K | $6K | 1.1 | $17K | 91% | 65 | $1M | $20K | 77% | 50 / 15 |
| 70 | 0xffd6âĶ10b3 | hedger | $9K | $14K | 373.1 | $99 | â | 1021 | $64M | $63K | 3% | 623 / 398 |
| 71 | 0x6871âĶfb9b | premium seller | $9K | $5K | 1.0 | $11K | 100% | 13 | $266K | $20K | 8% | 13 / 0 |
| 72 | 0xa58fâĶ9f98 | mixed retail | $9K | $18K | 10.1 | $4K | 91% | 14 | $654K | $47K | 79% | 14 / 0 |
| 73 | 0x6b20âĶ17ee | hedger | $9K | -$209 | -0.0 | $12K | â | 16 | $63K | $4K | 0% | 8 / 8 |
| 74 | 0x4460âĶ9099 | premium seller | $8K | $15K | 13.7 | $4K | 86% | 15 | $724K | $48K | 47% | 15 / 0 |
| 75 | 0xd131âĶb5c4 | rfq block | $8K | $8K | 4.5 | $4K | 54% | 17 | $1M | $87K | 0% | 17 / 0 |
| 76 | 0x7b0fâĶcd89 | mixed retail | $8K | $29K | 50.3 | $4K | 74% | 450 | $15M | $32K | 14% | 450 / 0 |
| 77 | 0xc7b4âĶ6133 | mixed retail | $8K | $8K | 33.0 | $1K | 63% | 27 | $143K | $5K | 0% | 27 / 0 |
| 78 | 0x33dbâĶ88bf | premium seller | $8K | $8K | 4.5 | $10K | 67% | 51 | $4M | $80K | 2% | 51 / 0 |
| 79 | 0xdc91âĶfabe | mixed retail | $8K | $8K | 0.0 | $0 | n/a | 4 | $13M | $3M | 0% | 4 / 0 |
| 80 | 0xe399âĶ9913 | wing buyer | $7K | $11K | 3.6 | $6K | n/a | 3 | $75K | $25K | 0% | 3 / 0 |
| 81 | 0xc640âĶ93fc | mixed retail | $7K | $16K | 3.4 | $22K | 61% | 107 | $7M | $68K | 33% | 107 / 0 |
| 82 | 0xb6a9âĶd693 | hedger | $7K | -$4K | -0.3 | $32K | â | 241 | $3M | $11K | 25% | 64 / 177 |
| 83 | 0x323aâĶd579 | perp trader | $6K | $6K | 4.1 | $8K | 100% | 76 | $544K | $7K | 11% | 0 / 76 |
| 84 | 0xe93dâĶd4cc | perp trader | $6K | -$37K | -1.2 | $98K | 55% | 309 | $939K | $3K | 31% | 0 / 309 |
| 85 | 0x5ff3âĶc43e | wing buyer | $6K | $10K | 3.6 | $5K | n/a | 4 | $69K | $17K | 0% | 4 / 0 |
| 86 | 0xa2e7âĶfa3f | mixed retail | $6K | $11K | 4.5 | $4K | n/a | 5 | $2M | $338K | 20% | 5 / 0 |
| 87 | 0xd339âĶa77e | premium seller | $6K | $26K | 19.5 | $2K | n/a | 31 | $202K | $7K | 97% | 31 / 0 |
| 88 | 0x11a9âĶ39cf | rfq block | $6K | $6K | 49.9 | $2K | n/a | 6 | $553K | $92K | 0% | 6 / 0 |
| 89 | 0xed04âĶ3eb9 | rfq block | $6K | $15K | 8.2 | $6K | 46% | 10 | $357K | $36K | 0% | 10 / 0 |
| 90 | 0x7342âĶ105d | mixed retail | $6K | $7K | 10.9 | $1K | 71% | 38 | $240K | $6K | 13% | 38 / 0 |
| 91 | 0x9934âĶ431d | rfq block | $6K | $6K | 2.2 | $30K | n/a | 4 | $41M | $10M | 0% | 4 / 0 |
| 92 | 0x683eâĶ5bd8 | rfq block | $6K | $6K | 17.4 | $1K | n/a | 2 | $58K | $29K | 0% | 2 / 0 |
| 93 | 0xc929âĶd612 | mixed retail | $6K | $15K | 6.9 | $5K | 80% | 63 | $3M | $44K | 10% | 63 / 0 |
| 94 | 0x77bcâĶaa4e | premium seller | $6K | $5K | 3.5 | $3K | 86% | 10 | $15K | $1K | 0% | 10 / 0 |
| 95 | 0x87b8âĶa694 | mixed retail | $5K | $5K | 9.4 | $2K | 69% | 131 | $1M | $9K | 5% | 94 / 37 |
| 96 | 0xd106âĶae59 | premium seller | $5K | $5K | 11.7 | $3K | n/a | 14 | $761K | $54K | 7% | 14 / 0 |
| 97 | 0x237eâĶdbad | rfq block | $5K | $9K | 5.7 | $4K | 48% | 8 | $94K | $12K | 0% | 8 / 0 |
| 98 | 0x8f45âĶdd7a | mixed retail | $5K | $5K | 68.7 | $986 | n/a | 13 | $635K | $49K | 62% | 13 / 0 |
| 99 | 0x30ebâĶ906e | mixed retail | $5K | $5K | 0.0 | $0 | n/a | 4 | $815K | $204K | 25% | 4 / 0 |
| 100 | 0xb676âĶ4c61 | mixed retail | $4K | $6K | 9.8 | $2K | n/a | 1 | $41K | $41K | 0% | 1 / 0 |