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features and terms

Derive

Derive is a terminal for options and perpetual futures. Orders use an order book, while RFQ quotes let you execute a larger trade or a multi-leg option strategy together.

Positions and collateral are organized into subaccounts. Portfolio margin accounts for positions together, with protocol settlement verified on Ethereum.

Open product

Open Derive · Web ↗

Official destination

Networks and actions

NetworkActionInterfaceAsset accessUsage terms
Ethereum Perpetuals Web User controls keysAvailable 2026-10-23

Swaps and trading: Usage terms

Available from age 18. U.S. persons, Australian tax residents, Ontario residents and sanctioned persons are excluded. UK access is limited to the professional categories defined in the terms.

Operation costs

Base perp fees are 0.01% maker and 0.03% plus $0.01 per order for takers. The variable options fee is capped at 12.5% of premium, with an additional $0.50 per taker order. Builder fees and interest on borrowed USDC are additional.

Getting started

Open Derive, connect a wallet and create a subaccount. Add collateral, then choose an options or perpetual market and an order type.

Related ecosystems

Other terminals for this network

Terminal

Maestro

Buys a token from a pasted contract address. Beyond a manual trade it carries limit orders, auto-snipe, copytrade, signals and a bridge.

The fee is 1% on every buy and sell; transfers are not taxed. On Solana it is taken inside the same transaction, on other chains it accrues per Telegram account and is charged once unpaid fees pass the chain minimum. Keys: the documentation cites AES encryption, the Terms of Service say the provider retains the private keys.

Telegram

The Terms prohibit access from the United States, Canada and other locations on the provider’s restricted-location list.

Checked 2026-09-18

Terminal

Based

Buys a token from a pasted contract address. It carries copytrading, take-profit and stop-loss, limit orders, DCA and a sniper marked as EVM-only.

The fee is 1% per transaction. Keys: the bot provides the wallet, the documentation says the private key is not stored in clear.

Telegram

Checked 2026-09-18

Terminal

Cove

Trades off a single USDC balance on Solana and buys from a pasted contract address; buy and sell confirmations are off by default.

The fee is tiered: 1% on most chains, up to 2% on an Ethereum or HyperEVM buy, and Solana sells step from 10% down to 1%. Gas is sponsored up to $5 per trade and the bot asks for the surplus above that. Keys: the Privy-backed wallet is yours and the private key can be exported.

Telegram

The Terms prohibit use from the United States, China and other listed jurisdictions, and prohibit using a VPN to get around that.

Checked 2026-09-18

Sources and verification

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