Heat

Heat is an on-chain derivatives trading terminal launched as the rebranded successor to Perpflow, focused on overlaying options intuitively onto price charts for trading. It offers four ways to act: drag on the chart, pick rise/fall or big-move in quick mode, choose contracts from the options chain, or build multi-leg strategies in custom mode, covering needs from beginners to advanced users.

The platform integrates deeply with Derive's market-making and quoting, so option quotes come from market makers for the whole leg set at once, avoiding the risk exposure of partial fills. It also pulls in short-cycle real-world event markets and brings pair-trading capability into the interface, letting traders switch tools in one environment. Its aim is to let traders see strike, breakeven, and expiry structure on one chart before expressing a directional view, so they can size positions more carefully.