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Optimism (OP) Perpetual Futures

Optimism (OP) Perpetual Futures — Live Data

Market Overview

Optimism is an Ethereum Layer 2 using optimistic rollups, known for its governance model and the OP Stack that powers multiple chains. OP perpetual futures are traded on major centralized exchanges. OP perps are often paired with ARB perps in relative value trades, expressing views on which Layer 2 will capture more DeFi activity.

OP Perps Data — Layer 2 Category

This page aggregates perpetual futures data for Layer 2 scaling tokens, covering volume, open interest, funding rates, and liquidation data across decentralized and centralized venues. L2 perp open interest trends are especially telling because they reflect market confidence in each rollup's ability to capture Ethereum transaction share. Funding rate data helps identify which L2 tokens are being used for speculative airdrop positioning versus genuine directional bets. Volume patterns across L2 perps often shift in response to sequencer revenue reports and bridging flow data that indicate real usage growth.

Trading Tips for Optimism Perps

OP has a significant token unlock schedule — check upcoming unlock dates before opening long-term positions. OP/ARB pair trades are popular among sophisticated traders, and OP tends to outperform when new chains adopt the OP Stack.

Where to Trade Optimism (OP) Perpetual Futures

Optimism (OP) perpetual futures are available on 30 exchanges. Compare fees, leverage, and features below to find the best platform for trading OP perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
GMX logo
GMX
Arbitrum, Avalanche
Maker Fee
0.040%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.5/5
Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/5
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.035%
Max Leverage
50x
Rating
8.0/5
Apex Omni logo
Apex Omni
Ethereum, Arbitrum, BSC, Polygon
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
8.0/5
Maker Fee
-0.003%
Taker Fee
0.035%
Max Leverage
20x
Rating
8.0/5
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/5
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/5
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/5
Aster logo
Aster
Arbitrum
Maker Fee
0.005%
Taker Fee
0.040%
Max Leverage
100x
Rating
7.5/5
EdgeX logo
EdgeX
Ethereum, Arbitrum
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
7.5/5
Paradex logo
Paradex
Starknet
Maker Fee
Free
Taker Fee
0.000%
Max Leverage
50x
Rating
7.5/5
Lighter logo
Lighter
Arbitrum
Maker Fee
Free
Taker Fee
0.000%
Max Leverage
50x
Rating
7.5/5
Reya logo
Reya
Reya Network
Maker Fee
0.010%
Taker Fee
0.040%
Max Leverage
50x
Rating
7.5/5
Maker Fee
0.010%
Taker Fee
0.040%
Max Leverage
100x
Rating
7.0/5
MYX logo
MYX
Arbitrum, Linea
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
7.0/5
Extended logo
Extended
Arbitrum
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
7.0/5
Maker Fee
0.020%
Taker Fee
0.100%
Max Leverage
20x
Rating
7.0/5
GRVT logo
GRVT
zkSync
Maker Fee
-0.001%
Taker Fee
0.045%
Max Leverage
50x
Rating
7.0/5
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
6.5/5
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
6.5/5
Based logo
Based
Base
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
50x
Rating
6.5/5
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
50x
Rating
6.5/5
StandX logo
StandX
Ethereum
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
50x
Rating
6.5/5
Hibachi logo
Hibachi
Arbitrum
Maker Fee
Free
Taker Fee
0.045%
Max Leverage
50x
Rating
6.5/5
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
6.0/5
Maker Fee
0.020%
Taker Fee
0.050%
Max Leverage
100x
Rating
6.0/5

Frequently Asked Questions — Optimism (OP)

What is the current OP perpetual futures funding rate?
The live Optimism (OP) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing OP perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest OP perp trading fees?
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 OP perpetual futures trade across all major exchanges. Compare fees for OP perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Optimism open interest compare across exchanges?
Optimism (OP) open interest is broken down by exchange in the chart above, showing the total value of outstanding OP derivative contracts on each platform. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the OP long/short ratio indicate?
The Optimism long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade OP perpetual futures?
Optimism (OP) perps are currently listed on 30 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: Layer 2 · Data updates every 2 minutes · All rates shown are annualized