Settlement on
Trade OP Crypto Price Moves with the OP-USD Perpetual
Trade the OP price with USDT margin through the OP-USD perpetual: 50x on positions up to $30,000 notional, maker fees capped at 0.015% before cashback, open 24/7.
OP-USD Perpetual at a Glance
OP is the governance token of Optimism, an Ethereum Layer 2 network. Key terms of the OP-USD perpetual on EVEDEX as of 15 September 2026, from EVEDEX trading terms and fee schedule.
Why Trade OP on EVEDEX
Trade the OP price from the same USDT-margined account you use for the other 51 perpetual pairs on EVEDEX.
No OP Tokens to Manage
The OP-USD perpetual follows the OP price. You post USDT margin, profit and loss are settled in USDT, and no OP tokens are delivered.
Hybrid Settlement
Orders are matched off-chain in the order book, and settlement happens on Arbitrum L2. There are no gas fees for trading. REST and WebSocket APIs with a Node.js SDK are available for bots.
Capped Fees and Cashback
Fees are capped at 0.015% maker and 0.045% taker before cashback, with up to 35% cashback on your own trades.
Protected Order Execution
Market, limit, stop-limit and take-profit/stop-loss orders on OP-USD. Fat-finger protection blocks orders priced far from the market, and slippage limits cap price deviation during execution.
Trade OP-USD in Three Steps
From deposit to an open OP-USD position, without traditional KYC and starting from 6 USDT. New to perpetuals? EVEDEX Academy at academy.evedex.com explains leverage and liquidation.
Deposit USDT
Sign in at exchange.evedex.com and deposit at least 6 USDT. Instead of traditional KYC, each deposit is AML-screened.
Open OP-USD
Select OP-USD, then set position size and leverage: 50x applies up to $30,000 notional, with lower caps above that. OP-USD uses cross margin only.
Place Your Order
Place a market or limit order of at least 5 USDT. While the position is open, funding is calculated every 8 hours and charged hourly as 1/8 of the rate.
Leveraged perpetual futures can quickly wipe out your margin: at 50x, a 2% move against you equals the initial margin, and with cross margin your whole balance is at risk. EVEDEX is not intended for UK retail clients. This page is not investment advice.
Common Questions
OP is the governance token of Optimism, an Ethereum Layer 2 network built on the open-source OP Stack. It uses optimistic rollups: transactions are processed off Ethereum and then posted to Ethereum mainnet. OP holders vote on protocol upgrades and funding decisions. According to CoinGecko, about 2.3 billion of the 4.29 billion OP supply was in circulation on 15 September 2026.
Sign in at exchange.evedex.com, deposit at least 6 USDT and open the OP-USD market. Place a market or limit order of at least 5 USDT. There is no traditional KYC: deposits are AML-screened. Margin is posted in USDT, and you trade the OP price without holding OP.
Fees are capped at 0.015% maker and 0.045% taker before cashback, and up to 35% cashback applies to your own trades. A $1,000 taker order costs at most $0.45. Fees are charged only on executed orders, and open positions also pay or receive funding.
No OP is delivered, so there is no OP to withdraw. OP-USD is a perpetual contract: profit and loss are settled in USDT, and what you can withdraw is your USDT balance.
CertiK has completed 2 audits of EVEDEX smart contracts; the latest was delivered on 28 July 2025 with no critical findings. The audits cover smart contracts, not the whole exchange. Separately, a $500,000 ADL Protection Reserve has been in place since 18 July 2026.
