OP/USDT
Last updated: 11/2/2026, 4:28:16 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
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 2 hold OP: $115.3K long across 1 position and $406.2K short across 1 position — net $290.9K short. No tracked liquidation level sits within 60% of the $0.11445 Hyperliquid mark. That is the 2026-11-02 13:00 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 | $0.11394 | $0.11381 | $0.11394 |
| OI (USD) | $15.06M | $12.97M | $2.37M |
| OI share | 49.5% | 42.7% | 7.8% |
| OI (tokens) | 132,205,043 | 113,943,258 | 20,799,975 |
| Funding rate | 0.0100% | — | — |
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. These perpetuals trade alike, so their leverage tends to build and unwind the way OP's does:
- ZKC0.15+0.3%
- AVAX0.16+0.8%
- MOODENG0.15-0.3%
- LUMIA0.16+1.2%
- CELO0.16-0.1%
- 1000SATS0.21-1.1%
- TIA0.07-2.0%
- ORDER0.30+3.6%
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, $98.7K 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 $30.40M: $15.06M on Binance (50%), $12.97M on Bybit (43%) and $2.37M on KuCoin (8%). That position base is +1.9% over 24 hours and -16.0% over the last week. Open interest is 1.49× the pair's 24-hour volume, so positions are being held rather than churned.
What is OP's funding rate?
Binance settles OPUSDT funding at 0.0100% every 8 hours, which annualises to roughly 11.0%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $3.00 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: $115.3K long across 1 and $406.2K short across 1 — a net $290.9K short. At the start of the tracked week that net figure was $509.7K 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 0.153 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 ($260.49M of market cap against $30.40M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($98.7K 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, 86% of the OP notional that got liquidated was long positions and 14% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 33rd percentile of the last 90 days, meaning today is about normal 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 0.153 out of 1.0 (low risk), $30.40M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0100% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.