Online bilevel optimization (OBO) has emerged as a powerful framework for many machine learning problems. Prior works have developed several algorithms that minimize the standard bilevel local regret or the window-averaged bilevel local regret of the OBO problem, but the optimality of existing regret bounds remains unclear. In this work, we establish optimal regret bounds for both settings. For standard bilevel local regret, we propose an algorithm that achieves the optimal regret $Ω(1+V_T)$ with at most $O(T\log T)$ total inner-level gradient evaluations. We further develop a fully single-loop algorithm whose regret bound includes an additional gradient-variation terms. For the window-averaged bilevel local regret, we design an algorithm that captures sublinear environmental variation through a window-based analysis and achieves the optimal regret $Ω(T/W^2)$. Experiments validate our theoretical findings and demonstrate the practical effectiveness of the proposed methods.