Optimism (OP) Perpetuals on Hyperliquid

Optimism (OP) is currently trading at $0.1294 on Hyperliquid perpetuals. The price has increased by 4.75% in the last 24 hours.

The current OP funding rate is positive at 0.0183% per 8 hours. A positive funding rate means long positions pay short positions, indicating तेजी market sentiment.

OP has a 24-hour trading volume of $605.2K on Hyperliquid perpetuals. High volume indicates strong market interest and typically means tighter spreads and better liquidity for traders.

The current open interest for OP perpetuals is $3.28M. Open interest represents the total value of all outstanding derivative contracts. Increasing open interest with rising prices typically indicates a bullish trend, while increasing OI with falling prices suggests bearish momentum.

Beacon tracks liquidation levels from top leaderboard traders. Currently, there are 73 tracked positions with visible liquidation prices. Long liquidations cluster below the current price, while short liquidations are above. Use the liquidation heatmap above to visualize these levels and identify potential price magnets.

To trade OP on Hyperliquid: 1) Connect your wallet to Beacon or the Hyperliquid DEX, 2) Deposit USDC as collateral, 3) Select OP from the markets list, 4) Choose your leverage (up to 50x for major pairs), and 5) Enter your position size and execute. Beacon provides additional tools like trading signals, sentiment analysis, and liquidation alerts to help inform your trades.