DRV (Derive (onchain options/perps protocol, ex-Lyra)) perpetual futures
DRV (Derive (onchain options/perps protocol, ex-Lyra)) perpetuals trade on 5 markets. 24h volume $458.5K, open interest $414.2K. Best funding APR +19.08% on phoenix. Cheapest $100k execution (24h median): 1538.39 bps on variational.
Funding rates by venue
Live funding rate, price, liquidity and the funding actually paid over the last 24 hours, 7 and 30 days for DRV (Derive (onchain options/perps protocol, ex-Lyra)) on every venue we track.
| Exchange | Symbol | Price | 24h volume | Open interest | Funding / interval | Funding APR | Paid 24h | Paid 7d | Paid 30d |
|---|---|---|---|---|---|---|---|---|---|
| bybit | DRVUSDT | 0.3015 | $431.6K | $284.8K | 0.0050% | +10.95% | +0.0300% | -0.0822% | — |
| txflow | DRV-USDC | 0.3012 | $16.8K | $11.2K | 0.0013% | +10.95% | — | — | — |
| phoenix | DRV | 0.3019 | $5.1K | $6.94 | 0.0022% | +19.08% | +0.1992% | +0.6595% | — |
| asterdex | DRVUSDT | 0.3015 | $3.6K | $115.3K | 0.0013% | +10.95% | +0.0300% | +0.3427% | -1.0773% |
| variational | DRV | 0.3013 | $1.4K | $2.9K | 0.0050% | +10.95% | — | — | — |
Funding spread across venues
Across 5 venues the funding APR on DRV (Derive (onchain options/perps protocol, ex-Lyra)) runs from +10.95% on variational to +19.08% on phoenix. The gap between them is 8.13 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was -1.0773% of position size on asterdex.
Liquidity
Across the venues listed above DRV (Derive (onchain options/perps protocol, ex-Lyra)) shows $458.5K of 24h volume and $414.2K of open interest. The deepest venue by 24h volume is bybit at $431.6K.
Execution cost
The cheapest venue to open a $100k position in DRV (Derive (onchain options/perps protocol, ex-Lyra)), measured as the 24h median of the full cost including taker fee and slippage, is variational at 1538.39 bps. Funding only pays off once the cost of getting in and out is covered, so this number belongs next to the APR above.
What the funding rate on DRV (Derive (onchain options/perps protocol, ex-Lyra)) means
A perpetual future on DRV (Derive (onchain options/perps protocol, ex-Lyra)) has no expiry, so venues use a funding payment to keep its price tied to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The rate shown per venue is the share of position size paid at each settlement, and the APR is that share annualised over the venue's own interval. Venues settle DRV (Derive (onchain options/perps protocol, ex-Lyra)) on different schedules: 1h, 4h.
Because every venue computes its own rate from its own order book, the same asset can pay very differently in the same hour. The "paid" columns show what was actually settled rather than what is quoted now, which is the honest way to judge whether a DRV (Derive (onchain options/perps protocol, ex-Lyra)) position earned or cost money.
Frequently asked questions
What is the funding rate on DRV (Derive (onchain options/perps protocol, ex-Lyra)) right now?
Across 5 venues the funding APR on DRV (Derive (onchain options/perps protocol, ex-Lyra)) runs from +10.95% on variational to +19.08% on phoenix. The gap between them is 8.13 percentage points a year: that is what a delta-neutral position would collect before fees, holding long on the venue that pays and short on the venue that charges. Over the last 30 days the largest amount actually settled was -1.0773% of position size on asterdex.
Which venue has the most liquid DRV (Derive (onchain options/perps protocol, ex-Lyra)) perpetual?
Across the venues listed above DRV (Derive (onchain options/perps protocol, ex-Lyra)) shows $458.5K of 24h volume and $414.2K of open interest. The deepest venue by 24h volume is bybit at $431.6K.
How often is funding paid on DRV (Derive (onchain options/perps protocol, ex-Lyra))?
Venues settle DRV (Derive (onchain options/perps protocol, ex-Lyra)) on different schedules: 1h, 4h.
Data generated at 2026-11-03T09:06:32Z. Live numbers load on this page automatically.