Live Derive (DRV) Perpetual Futures Price

The Derive perpetual price on Phoenix is $0.36767, a change of +4.17% over the last 24 hours. It's the mark price of the DRV perpetual, which can differ slightly from Derive prices quoted elsewhere.

Yes. DRV perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade DRV 24/7.

The DRV funding rate on Phoenix is -0.0020% per hour, or -17.86% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.

DRV open interest on Phoenix is $1, with $468 traded over the last 24 hours.

Trading DRV perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.

Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade DRV without selling your SOL. Profit and loss settle in USDC.

No. DRV perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.

Phoenix uses the mark price, not the last trade, to check account health and trigger DRV liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and perpetual prices on major external exchanges, which reduces the risk of liquidations caused by a brief spike on a single venue.

The DRV trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.