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ERIS Arbitrage LUNA vs Derive

Derive (DRV) is 2034.0× the size of ERIS Arbitrage LUNA (ARBLUNA) by market capitalisation. Over the past 30 days, DRV is ahead by 124.8 percentage points (ARBLUNA +11.7% against DRV +136.5%). DRV has been the more volatile of the two, at 590% annualised against ARBLUNA's 100%.

Size ratio
1 : 2034.0
Ahead over 30 days
DRV
ERIS Arbitrage LUNAARBLUNA

$0.124042

24h
+2.25%
Market cap
$166,125
Volume 24h
$189
Volatility (ann.)
100%
DeriveDRV

$0.318099

24h
-7.97%
Market cap
$337.90M
Volume 24h
$24.76M
Volatility (ann.)
590%
ARBLUNA 0.0%Share of the two combined market caps100.0% DRV

Performance

ARBLUNADRV

  1. 7 days-3.71%-8.10%ARBLUNA
  2. 30 days+11.67%+136.49%DRV

Risk & extremes

MetricARBLUNADRV
Max drawdown (400d)-16.6%-32.6%
Risk-adjusted return (90d)0.120.45

Relative strength over 90 days: DRV outperformed ARBLUNA by 55.5% — measured on the ARBLUNA/DRV ratio, so it holds regardless of market direction.