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Ethereum vs Optimism Comparison

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

ETH
$2,003.8
+1.89% (24h)
View ETH Analysis
OP
$0.1266
+3.49% (24h)
View OP Analysis

ETH vs OP Comparison Table

MetricETHOPEdge
Price$2,003.8$0.1266-
24h Change+1.89%+3.49%OP
24h Volume$1.35B$1.01METH
Open Interest$1.22B$3.21METH
Funding Rate (8h)+0.0013%+0.0013%-
Annualized Funding+1.37%+1.37%-

Derivatives Comparison

Funding Rate Comparison

ETH has a funding rate of +0.0013% (8h), while OP sits at +0.0013% (8h).

Both assets have similar funding rates, suggesting comparable levels of directional conviction.

Open Interest Context

ETH has $1.22B in open interest with an OI/Volume ratio of 0.90.OP has $3.21M with a ratio of 3.19.

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

ETH traded $1.35B in the last 24 hours, while OP traded $1.01M.

ETH 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 ETH

ETH Overview ETH Funding Rate ETH Alerts

Explore OP

OP Overview OP Funding Rate OP Alerts

Trading Tools

Liquidation Calculator PnL Calculator Funding Rate Calculator

Other Comparisons

BTC vs ETHBTC vs OPETH vs SOLDOGE vs ETHETH vs XRPAVAX vs ETHETH vs LINKETH vs MATICARB vs ETHOP vs SOLDOGE vs OPOP vs XRP

Frequently Asked Questions

Ethereum (ETH) and Optimism (OP) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. ETH currently trades at $2,003.8 while OP trades at $0.1266. 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 (+0.0013% per 8h) compared to ETH (+0.0013% 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 ETH and OP depends on your strategy and risk tolerance. ETH has a 24h volume of $1.35B and open interest of $1.22B, while OP has $1.01M volume and $3.21M 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.
ETH currently has higher open interest, indicating more capital committed to open positions. ETH has $1.22B in open interest while OP has $3.21M. 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 Ethereum (ETH) 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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