Derive (DRV) — price, funding and open interest
DRV/USDT perpetual on Upbit · Coinbase · BingX · Kraken · MEXC: price 0.1580, 24h turnover $821K. Updated in real time.
What this is
Decentralised financeDerive is a crypto options protocol formerly known as Lyra: buying and selling ETH and BTC options fully on-chain, with its own risk engine and market makers instead of an exchange order book. Options are the most underdeveloped corner of crypto: volumes are orders of magnitude below perpetuals, though in traditional finance it is the other way around. The project's bet is that this skew eventually corrects; for now liquidity is thin and the token moves in jumps.
Chart
Chart built from data of BingX
What the data shows
DRV trades at 0.1580. Over 41 days it ranged between 0.092200 and 0.1706; the price now sits in the upper third of that range — 85% of the way from the yearly low to the high.
24-hour turnover is $821K — the 100th percentile for the year: noticeably busier than usual.
The daily range is 13.0% and five-minute NATR is 0.26%. That range is in the 76th percentile for the year — an ordinary day for it.
NATR is 0.01% on the minute and 2.71% on the hour — the move is choppy: within an hour price travels far and comes back.
DRV correlation with Bitcoin over 24 hours is -0.01 — it goes its own way, barely looking at Bitcoin.
Funding is +0.0101%: longs pay shorts, so positioning leans to buyers.
Traded on 5 venues: Upbit, Coinbase, BingX, Kraken, MEXC — the price is cross-checked across several sources.
Open positions in DRV are worth $631K. Over the past hour open interest fell by -0.41%.
Over the day +5.40%, over the hour -0.57%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 970 of 1926 instruments in the screener.
By daily range it ranks 306 of 1926.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now DRV is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.