OP/USDT
Last updated: 9/15/2026, 3:28:12 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Recent track record
17/40 correctThis pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 2 hold OP: $767.6K short across 2 positions — net $767.6K short. None of them is long, which says nothing about the rest of the venue. No tracked liquidation level sits within 60% of the $0.09618 Hyperliquid mark. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $0.10096 | $0.10084 | $0.10096 |
| OI (USD) | $13.65M | $11.12M | $2.25M |
| OI share | 50.5% | 41.2% | 8.3% |
| OI (tokens) | 135,206,444 | 110,304,302 | 22,318,733 |
| Funding rate | -0.0113% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
OP sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way OP's does:
- HMSTR0.20-1.0%
- XRP0.21+3.7%
- MET0.21-5.0%
- FARTCOIN0.19+0.1%
- AR0.22-4.6%
- XTZ0.08-2.4%
- ORDER0.05+2.2%
- SANTOS—+0.4%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
OP perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are OP's current liquidation levels?
Across the exchanges we aggregate, $136.6K of OP positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for OPUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does OP have right now?
Aggregated open interest in OP perpetuals is $27.03M: $13.65M on Binance (51%), $11.12M on Bybit (41%) and $2.25M on KuCoin (8%). That position base is -6.4% over 24 hours and -16.6% over the last week. Open interest is 0.63× the pair's 24-hour volume, so positions are turning over faster than the book itself.
What is OP's funding rate?
Binance settles OPUSDT funding at -0.0113% every 8 hours, which annualises to roughly -12.4%. Funding is negative, so shorts are paying longs — the crowd is leaning short and paying to stay there. At that rate a $10,000 position on the short side pays about $3.39 a day to stay open.
Are whales long or short OP?
Among the ~500 largest Hyperliquid accounts we track, 2 hold positions of $100k or more in OP: $0 long across 0 and $767.6K short across 2 — a net $767.6K short. None of them sits on the long side, which tells you about this roster, not about the venue. At the start of the tracked week that net figure was $760.1K short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and OP is one of them.
Is OP over-leveraged right now?
OP's leverage-stress score is 0.204 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($231.80M of market cap against $27.03M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($136.6K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has OP seen heavy liquidations lately?
Over the last 30 complete days, 80% of the OP notional that got liquidated was long positions and 20% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 60th percentile of the last 90 days, meaning today is on the busy side for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
OP/USDT (OPUSDT) perpetual futures shows a leverage-stress score of 0.204 out of 1.0 (low risk), $27.03M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of -0.0113% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.