The teams have provided memorable moments over the holiday season for their fans down the years. Here are the 10 most memorable games.
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The first ever Edinburgh derby was played in the Meadows on Christmas Day as Hearts agreed to face their recently formed rivals despite being told not to by the Edinburgh Football Association.
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A topsy turvy match as Hearts took an early two-goal lead before Hibs pegged them back with goals either side of half-time. They were level for two minutes as Hearts eased to the win. Tommy Walker netted twice for the home side.
One of the most famous derbies of all time. It is the game Hibs fans will never forget and the one Hearts supporters will never be allowed to forget. There were doubles for Jimmy ORourke, Alan Gordon and Arthur Duncan.
The home side were title challengers, the away side relegation battlers. Hearts could have been out of sight in the first half but Jim Duffys men fought back with Pat McGinlay rescuing a point which did little for either team.
The final derby of the 20th century went the way of the visitors who recorded their biggest win at Tynecastle since the 7-0 fixture. Dirk Lehmann and Franck Sauzee netted excellent goals before Kenny Miller rounded off the win.
Forever known as the Graham Weir derby. Hibs led 4-2 going into stoppage time yet the game finished level. Weir struck an injury time brace in a game which will live long in the memory.
The best derby since the 4-4 game. It had just about everything. Goals, chances, errors, a red card, a comeback and late drama. It was a Boxing Day bout which lived up to the billing, Saulius Mikoliunas scoring the winner.
The only New Years derby since 1998. Similar to the derby back then the home side had played their way into the title race. This time they got the win they wanted with Kevin Kyle heading in a late goal to send Tynecastle wild.
A goalless first half gave way to an incident packed second which is perhaps most remembered for Ian Blacks Ill paint this place maroon after jibes about working as a painter.
Two poor sides met at Easter Road with the game not coming alive until the last 30 minutes. Hearts fought for every single point as they headed towards relegation but it was Hibs who earned the victory under Terry Butcher.