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Dogecoin vs Optimism Comparison

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

DOGE
$0.0932
-3.19% (24h)
View DOGE Analysis
OP
$0.1237
-0.06% (24h)
View OP Analysis

DOGE vs OP Comparison Table

MetricDOGEOPEdge
Price$0.0932$0.1237-
24h Change-3.19%-0.06%OP
24h Volume$11.57M$712.5KDOGE
Open Interest$21.71M$3.37MDOGE
Funding Rate (8h)-0.0014%-0.0035%OP
Annualized Funding-1.58%-3.79%-

Derivatives Comparison

Funding Rate Comparison

DOGE has a funding rate of -0.0014% (8h), while OP sits at -0.0035% (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

DOGE has $21.71M in open interest with an OI/Volume ratio of 1.88.OP has $3.37M with a ratio of 4.74.

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

DOGE traded $11.57M in the last 24 hours, while OP traded $712.5K.

DOGE 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 DOGE

DOGE Overview DOGE Funding Rate DOGE Alerts

Explore OP

OP Overview OP Funding Rate OP Alerts

Trading Tools

Liquidation Calculator PnL Calculator Funding Rate Calculator

Other Comparisons

BTC vs DOGEBTC vs OPDOGE vs ETHETH vs OPDOGE vs SOLOP vs SOLDOGE vs XRPAVAX vs DOGEDOGE vs LINKDOGE vs MATICARB vs DOGEOP vs XRP

Frequently Asked Questions

Dogecoin (DOGE) and Optimism (OP) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. DOGE currently trades at $0.0932 while OP trades at $0.1237. 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 (-0.0035% per 8h) compared to DOGE (-0.0014% 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 DOGE and OP depends on your strategy and risk tolerance. DOGE has a 24h volume of $11.57M and open interest of $21.71M, while OP has $712.5K 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.
DOGE currently has higher open interest, indicating more capital committed to open positions. DOGE has $21.71M 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 Dogecoin (DOGE) 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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