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Bitcoin vs Optimism Comparison

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

BTC
$68,672
+0.68% (24h)
View BTC Analysis
OP
$0.1269
+1.46% (24h)
View OP Analysis

BTC vs OP Comparison Table

MetricBTCOPEdge
Price$68,672$0.1269-
24h Change+0.68%+1.46%OP
24h Volume$4.16B$580.0KBTC
Open Interest$1.67B$3.19MBTC
Funding Rate (8h)+0.0011%-0.0007%BTC
Annualized Funding+1.22%-0.73%-

Derivatives Comparison

Funding Rate Comparison

BTC has a funding rate of +0.0011% (8h), while OP sits at -0.0007% (8h).

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

Open Interest Context

BTC has $1.67B in open interest with an OI/Volume ratio of 0.40.OP has $3.19M with a ratio of 5.50.

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

BTC traded $4.16B in the last 24 hours, while OP traded $580.0K.

BTC 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 BTC

BTC Overview BTC Funding Rate BTC 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

Bitcoin (BTC) and Optimism (OP) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. BTC currently trades at $68,672 while OP trades at $0.1269. Each has its own funding rate dynamics, open interest levels, and volatility profile, making them suitable for different trading strategies.
Currently, BTC has a higher absolute funding rate (+0.0011% per 8h) compared to OP (-0.0007% 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 BTC and OP depends on your strategy and risk tolerance. BTC has a 24h volume of $4.16B and open interest of $1.67B, while OP has $580.0K volume and $3.19M 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.
BTC currently has higher open interest, indicating more capital committed to open positions. BTC has $1.67B in open interest while OP has $3.19M. 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 Bitcoin (BTC) 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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