Optimism is more than just a single blockchain – it's a growing network of chains called the Superchain, all built on the open-source OP Stack. While OP Mainnet was the first, many prominent chains now run on the Optimism’s OP Stack, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack has become the leading framework for Ethereum Layer 2 chains, powering the majority of L2 activity today. Every OP Chain in the Superchain contributes back to the Optimism Collectiv and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism transforms Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more.
Order Book
Connecting…Price Chart: OP
Largest Bid Walls
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Largest Ask Walls
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OP Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, OP funding has averaged 0.00125% per hour, an annualised rate of 10.9%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00125%. Work out what this costs on your own position with the funding rate calculator.
OP funding & market FAQ
What is the current OP funding rate?
The current OP funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00125%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on OP right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does OP open interest tell me?
OP currently has $3,509,991 of open interest, ranking #155 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a OP position?
At the current mark price of $0.131940, a 10x long would be liquidated around $0.118746 and a 10x short around $0.145134. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade OP perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's OP positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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