Optimism (OP) perpetual futures
OP perpetual contracts on 27 reviewed venues.
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Funding rates
Annualized rates across exchanges
HTXCEX
AevoDEX
BinanceCEX
BybitCEX
OKXCEX
BitgetCEX
MEXCCEX
Open interest
Per-exchange open interest
BybitBitgetOKX
Gate.io
Hyperliquid
KuCoinWhat the OP data shows
10 of 20 venues quote the same OP funding rate, +10.95% a year. The exceptions are HTX at +13.63%, BloFin at +13.25%, Aevo at +11.39%, and 7 more.
Kraken quoted OP at $0.1328 and Lighter at $0.1309, a gap of 140.4 bps.
No venue holds half of the $43.9m in reported OP open interest. Bybit has the largest share, 42.2%, and Bitget is next with 13.7%.
The OP settlement periods differ: 12 venues settle every 8 hours; 4 venues settle every hour.
- Source: public APIs of 20 venues for OP, read at October 3, 2026, 09:49 UTC.
Where to Trade Optimism (OP) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm OP limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | OP | |
| 0.010% | 0.050% | 50x | 9.0 | OP | |
| 0.04% or 0.06% position fee | 100x | 8.5 | OP | ||
| 0.035% position fee | 1000x | 8.0 | OP | ||
| 0.010% | 0.035% | 50x | 8.0 | OP | |
| 0.020% | 0.050% | 100x | 8.0 | OP | |
| 0.010% | 0.020% | 100x | 7.8 | OP | |
| Free | 0.030% | 50x | 7.8 | OP | |
| -0.010% | 0.017% | 1000x | 7.8 | OP | |
| 0.050% | 0.080% | 20x | 7.5 | OP | |
| Free | 0.040% | 200x | 7.5 | OP | |
| 0.040% | 0.045% | 100x | 7.5 | OP | |
| Free | 0.000% | 50x | 7.5 | OP | |
| Free | 0.000% | 50x | 7.5 | OP | |
| 0.03% position fee | 100x | 7.5 | OP | ||
| 0.01% or 0.045% position fee | 100x | 7.0 | OP | ||
| 0.045% or 0.055% position fee | 100x | 7.0 | OP | ||
| Free | 0.025% | 100x | 7.0 | OP | |
| -0.000% | 0.045% | 50x | 7.0 | OP | |
| 0.04% or 0.06% position fee | 100x | 6.5 | OP | ||
| 0.020% | 0.050% | 100x | 6.5 | OP | |
| 0.020% | 0.050% | 50x | 6.5 | OP | |
| 0.015% | 0.040% | 50x | 6.5 | OP | |
| 0.010% | 0.040% | 40x | 6.5 | OP | |
| Free | 0.045% | 30x | 6.5 | OP | |
| 0.010% | 0.035% | 100x | 6.0 | OP | |
| 0.020% | 0.050% | 100x | 6.0 | OP | |
Optimism (OP) market overview
OP perps trade as a direct expression of the Optimism ecosystem's competitive position against Arbitrum and Base. The asset has a distinct unlock schedule, a governance structure that makes treasury decisions public in advance, and an expanding set of OP Stack chains whose collective success feeds into OP token demand.
Each of these creates distinct and observable trading signals.
Liquidity and venue selection
OP perps are listed on Binance, Bybit, OKX, and Hyperliquid. Kwenta once operated on OP Mainnet through Synthetix infrastructure, but it is discontinued and does not rank as a live venue.
A thinner book widens the spread during a volatile session, so check depth for your exact notional with the cost comparison tool. Use limit orders for OP positions above $100k notional.
Funding and governance-driven OI
OP's governance is conducted through the Optimism Collective, with major votes on treasury grants and protocol parameters published publicly before voting opens. Governance votes that release ecosystem funds change expected OP supply, so traders open positions before the result.
The OP Stack narrative is the longer-term funding driver. Each new chain built on the OP Stack (Base, Zora, Mode, and others) adds to the argument for OP as a governance and fee-capture token. When a high-profile team announces an OP Stack chain, OP funding turns positive as traders price in the demand scenario.
Unlock calendar risk
OP has one of the more front-loaded unlock schedules among major L2 tokens. CoinGecko's OP page tracks the vesting timeline. Large unlocks have historically created multi-day selling pressure that overrides positive funding from governance catalysts. OP long positions held through major unlock windows carry structural headwinds.
Monitor the ARB/OP pair trade spread with the funding rates tool. Check /perps for current venue rankings by volume.
Frequently Asked Questions — Optimism (OP)
What funding data is available for OP?
20 venues report an OP funding rate in this read.
An annualized OP rate extrapolates one reading and does not predict a return.
What open interest data is available for OP?
14 venues report positive OP open interest in this read.
The OP total leaves out venues outside the read.
Which mapped venue has the lowest recorded OP taker fee?
Paradex lists 0.000% and Lighter lists 0.000%, the two lowest of 21 mapped OP maker/taker schedules.
6 OP venues charge a position fee and are not compared.
Category: Layer 2