DeriveDeribit
Trade on Derive
KoolKrypto · @koolkrypto223 · the post · ETH 26 Mar 2027, long 5,000 call, short 7,000 call
KoolKrypto bought 23,500 of these spreads on Derive by RFQ, $898.2K at $38.22 a contract for a $2,000 maximum, and explained the trade on X on 11 Sep.
118 other wallets now hold the same two legs, nearly all put on after the post: 42,670 contracts, $1.3M of premium. 91 of them had never traded on Derive before.
| When (UTC) | Spreads | Net | ETH |
|---|---|---|---|
| 10 Sep 13:02rfq | 10,000 | $31.12 | $2,419 |
| 11 Sep 14:21rfq | 10,000 | $47.00 | $2,613 |
| 13 Sep 14:08rfq | 3,500 | $33.44 | $2,482 |
| Total | 23,500 | $38.22 |
| Day | New wallets | Wallets so far | Contracts so far |
|---|---|---|---|
| 9 Sep | 1 | 1 | |
| 10 Sep | 1 | 2 | |
| 11 Seppost | 10 | 12 | |
| 12 Sep | 9 | 21 | |
| 13 Sep | 17 | 38 | |
| 14 Sep | 29 | 67 | |
| 15 Sep | 13 | 80 | |
| 16 Sep | 33 | 113 | |
| 17 Sep | 5 | 118 |
Every Derive fill is public. This page takes every fill on the ETH 26 Mar 2027 5000 and 7000 calls, nets each wallet's position on both legs (maker and taker rows alike), and lists every wallet that is long the 5000 call and short the 7000 call. A wallet is a copier if it is not the leader; it is "new to Derive" if its first fill on the exchange is on or after the day the trade was explained in public. Spreads held is the smaller of the two legs; average cost is the wallet's average paid on the 5000 call minus its average received on the 7000 call. Mark-to-market is the current Derive mark of the spread minus that cost, times spreads held, before fees. Nothing here is investment advice: the payoff needs ETH to rise 107% by expiry.