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Polygon vs Optimism Comparison

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

MATIC
$0.3762
+0.00% (24h)
View MATIC Analysis
OP
$0.1173
-1.47% (24h)
View OP Analysis

MATIC vs OP Comparison Table

MetricMATICOPEdge
Price$0.3762$0.1173-
24h Change+0.00%-1.47%MATIC
24h Volume$0$672.4KOP
Open Interest$0$3.37MOP
Funding Rate (8h)+0.0000%-0.0003%OP
Annualized Funding+0.00%-0.30%-

Derivatives Comparison

Funding Rate Comparison

MATIC has a funding rate of +0.0000% (8h), while OP sits at -0.0003% (8h).

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

Open Interest Context

MATIC has $0 in open interest with an OI/Volume ratio of 0.00.OP has $3.37M with a ratio of 5.01.

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

MATIC traded $0 in the last 24 hours, while OP traded $672.4K.

OP 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 MATIC

MATIC Overview MATIC Funding Rate MATIC Alerts

Explore OP

OP Overview OP Funding Rate OP Alerts

Trading Tools

Liquidation Calculator PnL Calculator Funding Rate Calculator

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Frequently Asked Questions

Polygon (MATIC) and Optimism (OP) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. MATIC currently trades at $0.3762 while OP trades at $0.1173. 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 (-0.0003% per 8h) compared to MATIC (+0.0000% 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 MATIC and OP depends on your strategy and risk tolerance. MATIC has a 24h volume of $0 and open interest of $0, while OP has $672.4K 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. MATIC has $0 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 Polygon (MATIC) 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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