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Arbitrum vs Optimism Comparison

Side-by-side comparison of ARB and OP on Hyperliquid perpetual futures

ARB
$0.0995
-1.06% (24h)
View ARB Analysis
OP
$0.1204
+0.14% (24h)
View OP Analysis

ARB vs OP Comparison Table

MetricARBOPEdge
Price$0.0995$0.1204-
24h Change-1.06%+0.14%OP
24h Volume$4.19M$781.7KARB
Open Interest$3.18M$3.37MOP
Funding Rate (8h)-0.0009%+0.0012%OP
Annualized Funding-0.94%+1.28%-

Derivatives Comparison

Funding Rate Comparison

ARB has a funding rate of -0.0009% (8h), while OP sits at +0.0012% (8h).

OP has a higher absolute funding rate, meaning longs are paying more to hold positions. This suggests stronger directional conviction in OP.

Open Interest Context

ARB has $3.18M in open interest with an OI/Volume ratio of 0.76.OP has $3.37M with a ratio of 4.31.

OP has a higher OI/Volume ratio, indicating more sustained positions relative to trading activity. This typically means traders are holding longer-term directional bets.

Volume Context

ARB traded $4.19M in the last 24 hours, while OP traded $781.7K.

ARB is more actively traded, which generally means tighter spreads, better execution, and lower slippage for traders. Higher volume also tends to reflect greater market interest and liquidity.

Quick Links

Explore ARB

ARB Overview ARB Funding Rate ARB Alerts

Explore OP

OP Overview OP Funding Rate OP Alerts

Trading Tools

Liquidation Calculator PnL Calculator Funding Rate Calculator

Other Comparisons

ARB vs BTCBTC vs OPARB vs ETHETH vs OPARB vs SOLOP vs SOLARB vs DOGEDOGE vs OPARB vs XRPOP vs XRPARB vs AVAXAVAX vs OP

Frequently Asked Questions

Arbitrum (ARB) and Optimism (OP) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. ARB currently trades at $0.0995 while OP trades at $0.1204. Each has its own funding rate dynamics, open interest levels, and volatility profile, making them suitable for different trading strategies.
Currently, OP has a higher absolute funding rate (+0.0012% per 8h) compared to ARB (-0.0009% per 8h). A higher funding rate means traders on the paying side incur greater costs, but it can also present funding rate arbitrage opportunities.
The choice between trading ARB and OP depends on your strategy and risk tolerance. ARB has a 24h volume of $4.19M and open interest of $3.18M, while OP has $781.7K volume and $3.37M open interest. Higher volume typically means tighter spreads and better execution. Consider each asset's funding rate, volatility, and your own thesis when deciding. You can trade both on Beacon with real-time analytics.
OP currently has higher open interest, indicating more capital committed to open positions. ARB has $3.18M in open interest while OP has $3.37M. Higher open interest generally signals stronger market conviction and can lead to more volatile moves when liquidations cascade. The OI-to-volume ratio also matters - a higher ratio suggests more sustained positioning rather than purely speculative day trading.
Yes, both Arbitrum (ARB) and Optimism (OP) perpetual futures are available on Hyperliquid and can be traded through Beacon. You can open positions in both assets simultaneously, allowing for pair trades, hedging strategies, or portfolio diversification. Beacon provides real-time data, signals, and analytics for both assets to help inform your trading decisions.

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