Trade HYPE options on Derive for the November 13, 2026 expiry and compete for a share of 250 kHYPE. We’ve teamed up with Kinetiq to reward the 10 traders with the highest realized percentage returns. First place takes 75 kHYPE.

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How to enter

  1. Open a position. Trade a single HYPE call or put, or combine multiple legs on the November 13 expiry. You must pay or receive at least $250 in net premium on the opening position. Each leg must have an absolute delta between 0.10 and 0.60 at entry.
  2. Realize your return. Close part or all of your position before expiry. We rank each wallet by the realized percentage return on its best qualifying position.
  3. Share your PnL card. Post your official Derive PnL card on X with #RoadToExpiry and tag @derivexyz and @kinetiq_xyz.

Leaderboard prizes

  • 1st place wins 75 kHYPE
  • 2nd place wins 40 kHYPE
  • 3rd place wins 30 kHYPE
  • 4th place wins 25 kHYPE
  • 5th place wins 20 kHYPE
  • 6th and 7th place win 15 kHYPE each
  • 8th through 10th place win 10 kHYPE each

Claim your 1 kHYPE rebate

The first 250 new wallets that make a qualifying trade can claim a separate 1 kHYPE rebate. On the campaign page, select Claim your 1 kHYPE to check whether your wallet qualifies and claim your rebate. Enter Road to Expiry on Derive.

Winners must sign a message to prove they own their trading wallet. Derive may verify trades, disqualify entries or withhold rewards for campaign abuse. All participants must follow the Derive Terms of Use.