Bitcoin vs Polygon Comparison

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

BTC
$65,837
-1.90% (24h)
View BTC Analysis
MATIC
$0.3762
+0.00% (24h)
View MATIC Analysis

BTC vs MATIC Comparison Table

MetricBTCMATICEdge
Price$65,837$0.3762-
24h Change-1.90%+0.00%MATIC
24h Volume$2.20B$0BTC
Open Interest$1.44B$0BTC
Funding Rate (8h)-0.0003%+0.0000%BTC
Annualized Funding-0.32%+0.00%-

Derivatives Comparison

Funding Rate Comparison

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

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

Open Interest Context

BTC has $1.44B in open interest with an OI/Volume ratio of 0.65.MATIC has $0 with a ratio of 0.00.

BTC 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 $2.20B in the last 24 hours, while MATIC traded $0.

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.

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Frequently Asked Questions

Bitcoin (BTC) and Polygon (MATIC) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. BTC currently trades at $65,837 while MATIC trades at $0.3762. 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 (-0.0003% 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 BTC and MATIC depends on your strategy and risk tolerance. BTC has a 24h volume of $2.20B and open interest of $1.44B, while MATIC has $0 volume and $0 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 $1.44B in open interest while MATIC has $0. 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 Polygon (MATIC) 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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