OP Perpetual on Hyperliquid
4% fee discount with referral code HYPERLAB
OP Perpetual on Hyperliquid — price $0.11272 (+2.57% 24h), funding -0.0006%/1h, open interest $3.9M, 24h volume $617.5K. Annualized funding -5.5%. Source: Hyperliquid official · as of 2026-10-28 02:30 UTC
- Trading status
- Live
- Max leverage
- 5×
- Funding settlement
- Hourly (1h)
- Trading hours
- 24/7/365 (no market open or close)
- Daily history since
- 2023-01-01
Contract spec from operator documentation · snapshot as of 2026-10-28 02:30 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/op-perp/history?format=csv&from=2026-06-14&to=2026-10-28&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
Optimism is one of the two dominant optimistic-rollup layer-2 networks on Ethereum, and its underlying OP Stack has become a widely adopted framework that other chains — including several major exchange-linked networks — use to launch their own rollups within what's called the Superchain vision. OP acts as the chain's native asset, put mainly toward governance and distributed in part through a public-goods-funding mechanism unusual among layer-2 tokens. Because OP Stack adoption spans well beyond Optimism's own chain, OP's price can react to news about entirely separate networks choosing to build on the stack, in addition to activity on Optimism itself. This asset lands in a moderate leverage bracket on Hyperliquid, matching its position as an established but mid-sized market. Funding on OP-USD generally tracks the broader Ethereum L2 sector, occasionally diverging around Superchain-specific announcements or governance decisions.
What leverage window applies to the OP perp?
The leverage window for OP tops out at 5x.
What is the Superchain, and why does it matter for OP?
The Superchain is a vision where multiple rollups, including networks beyond Optimism itself, are built on the shared OP Stack framework, meaning OP's relevance extends beyond just Optimism's own chain.
Does OP's price mostly track Optimism's own chain activity?
It tracks the broader Ethereum L2 sector generally, but news about other networks adopting the OP Stack can also move sentiment around OP specifically.
What is the OP Perpetual funding rate on Hyperliquid?
As of the latest snapshot, OP Perpetual funding is -0.0006%/1h (≈ -5.5% annualized). Hyperliquid settles funding every hour. As of 2026-10-28 02:30 UTC.
What are OP Perpetual's 24h volume and open interest?
OP Perpetual currently has $617.5K in 24h volume and $3.9M in open interest. As of 2026-10-28 02:30 UTC.
What is OP Perpetual's all-time high on Hyperliquid?
OP Perpetual's all-time high is $4.872 on 2024-03-06; the all-time low is $0.08061 on 2026-08-18. The 52-week range is $0.08061–$0.47553. As of 2026-10-28 02:30 UTC.
How can I trade OP Perpetual on Hyperliquid?
Open Hyperliquid, deposit USDC, and select the OP Perpetual market. Signing up with referral code HYPERLAB gives a 4% fee discount on your first $25M of volume. Perpetuals use leverage (up to 5× on this market), so positions can be liquidated — size positions conservatively.