SIP-269: Create OP-PERP
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | MEB (@barrasso) |
| Release | Muhlifain v2.76 release |
| Proposal | Loading status... |
| Created | 2022-08-08 |
Simple Summary
Create OP-PERP market on Optimism.
Abstract
This is a proposal to offer OP-PERP futures which track the price of $OP token.
Motivation
$OP is a popular asset among the Synthetix and Kwenta trading communities due to the fact that these projects run on the Optimism network. There may also be demand for an $OP perps product for hedging.
Rationale
Although the $OP token is relatively new and somewhat volatile, there is already acceptable liquidity and a Chainlink price feed for the token. Given the number of large holders including protocols which have been awarded $OP grants, $OP perps may have a unique use case, and could attract more short open interest than other cryptocurrency pairs.
Specification
| Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % |
|---|---|---|---|---|---|---|---|
| BingX | OP/USDT | $1.90 | 0.07% | $2,998,081 | $3,280,525 | $7,596,127 | 2.87% |
| Dcoin | OP/USDT | $1.89 | 0.06% | $1,675,522 | $1,706,083 | $7,783,187 | 2.94% |
| Binance | OP/USDT | $1.89 | 0.05% | $1,501,685 | $1,472,644 | $96,920,871 | 36.61% |
| Digifinex | OP/USDT | $1.89 | 0.17% | $1,423,341 | $1,943,486 | $21,046,979 | 7.95% |
| TokoCrypto | OP/USDT | $1.90 | 0.05% | $1,206,161 | $1,926,697 | $54,313 | 0.02% |
| MEXC Global | OP/USDT | $1.89 | 0.21% | $992,407 | $1,170,752 | $567,835 | 0.21% |
| MEXC Global | OP/USDC | $1.89 | 0.07% | $973,435 | $1,081,439 | $244,717 | 0.09% |
| Bitget | OP/USDT | $1.89 | 0.08% | $746,272 | $752,548 | $144,156 | 0.05% |
| TokoCrypto | OP/BUSD | $1.89 | 0.05% | $678,860 | $619,081 | $14,235 | 0.01% |
| WhiteBIT | OP/USDT | $1.89 | 0.04% | $666,810 | $792,473 | $3,451,944 | 1.30% |
| Binance | OP/BUSD | $1.90 | 0.05% | $661,814 | $676,250 | $19,269,952 | 7.28% |
| Coinbase Exchange | OP/USD | $1.89 | 0.11% | $568,980 | $793,645 | $2,899,364 | 1.10% |
| Bitkub | OP/THB | $1.89 | 0.39% | $503,764 | $51 | $10,673,898 | 4.03% |
| Huobi Global | OP/USDT | $1.89 | 0.04% | $461,076 | $622,714 | $4,183,361 | 1.58% |
| BKEX | OP/USDT | $1.89 | 0.04% | $460,715 | $96,032 | $4,649,148 | 1.76% |
| OKX | OP/USDT | $1.90 | 0.06% | $269,495 | $562,991 | $37,848,296 | 14.30% |
| Bitforex | OP/USDT | $1.90 | 0.09% | $228,604 | $241,087 | $633,578 | 0.24% |
| KuCoin | OP/USDT | $1.89 | 0.11% | $205,880 | $238,298 | $5,458,077 | 2.06% |
| Uniswap (Optimism) | WETH/OP | $1.91 | 0.6% | $178,519 | $177,983 | $4,850,121 | 1.83% |
| Gate.io | OP/USDT | $1.89 | 0.11% | $144,962 | $252,679 | $9,831,242 | 3.71% |
| BTCEX | OP/USDT | $1.90 | 0.11% | $109,629 | $127,472 | $823,167 | 0.31% |
| TokoCrypto | OP/BTC | *$1.96 | 0.11% | $74,960 | $75,588 | $6.14 | 0.00% |
| Bybit (Spot) | OP/USDT | $1.89 | 0.08% | $72,269 | $80,507 | $1,404,427 | 0.53% |
| Binance | OP/BTC | $1.90 | 0.08% | $69,110 | $105,516 | $1,455,072 | 0.55% |
| Crypto.com Exchange | OP/USDT | $1.89 | 0.21% | $46,004 | $56,701 | $1,356,386 | 0.51% |
| BitMart | OP/USDT | $1.90 | 0.39% | $43,668 | $49,370 | $1,794,969 | 0.68% |
| OKX | OP/USDC | $1.89 | 0.16% | $38,778 | $36,987 | $12,683,554 | 4.79% |
| Crypto.com Exchange | OP/USDC | $1.89 | 0.45% | $38,701 | $48,148 | $21,186 | 0.01% |
| Uniswap (Optimism) | WETH/OP | $1.91 | 0.6% | $37,647 | $37,533 | $102,374 | 0.04% |
| Okcoin | OP/USD | $1.90 | 0.13% | $36,861 | $36,242 | $12,108 | 0.00% |
| Binance | OP/BNB | $1.89 | 0.19% | $34,817 | $35,984 | $205,281 | 0.08% |
| Uniswap (Optimism) | OP/USDC | $1.90 | 0.6% | $28,904 | $28,817 | $1,580,897 | 0.60% |
| Crypto.com Exchange | OP/BTC | $1.90 | 0.41% | $26,107 | $25,964 | $5,166 | 0.00% |
| BitMart | OP/USDC | $1.90 | 0.43% | $19,075 | $23,677 | $1,831,899 | 0.69% |
| AEX | OP/USDT | $1.91 | 0.31% | $12,321 | $10,099 | $150,370 | 0.06% |
| KuCoin | OP/USDC | $1.89 | 0.26% | $12,127 | $42,401 | $185,125 | 0.07% |
| Phemex | OP/USDT | $1.89 | 0.12% | $11,610 | $16,667 | $924,440 | 0.35% |
| Binance | OP/ETH | $1.90 | 0.19% | $11,532 | $13,114 | $246,133 | 0.09% |
| AscendEX (BitMax) | OP/USDT | $1.90 | 0.45% | $10,694 | $16,345 | $106,009 | 0.04% |
| ZipSwap | WETH/OP Live Chart | $1.90 | 0.6% | $6,623 | $6,603 | $34,350 | 0.01% |
| Uniswap (Optimism) | OP/USDC | $1.91 | 0.6% | $6,112 | $6,093 | $5,928 | 0.00% |
| Bibox | OP/USDT | $1.89 | 0.05% | $6,007 | $6,678 | $217,995 | 0.08% |
| BigONE | OP/USDT | $1.90 | 0.26% | $2,127 | $1,781 | $288,276 | 0.11% |
| XT.COM | OP/USDT | $1.89 | 0.06% | $1,767 | $192 | $178,443 | 0.07% |
| Binance | OP/EUR | $1.90 | 1.9% | $1,514 | $11,728 | $130,543 | 0.05% |
| Gate.io | OP/ETH | $1.90 | 0.5% | $1,388 | $10,568 | $25,547 | 0.01% |
| Uniswap (Optimism) | OP/USDC | $1.90 | 0.61% | $816 | $813 | $293,951 | 0.11% |
| CoinEx | OP/USDT | $1.91 | 1.19% | $714 | $5,912 | $56,283 | 0.02% |
| Bitrue | OP/USDT | $1.90 | 1.45% | $435 | $57 | $575,118 | 0.22% |
Test Cases
n/a
Configurable Values (Via SCCP)
Open interest caps, fee tier.
Copyright
Copyright and related rights waived via CC0.