Ondo Perps vs Deribit
Deribit traded 28× Ondo Perps's 24-hour volume ($12.65B vs $444.6M) and holds 16× its open interest.
Head to head
the arrow points to the better figure| Ondo Perps | Deribit | |
|---|---|---|
| Trading | ||
| $9.13 | BTC trade, $10k▶ | $7.06 |
| — | BTC trade, $1M | $1,461 |
| $546K | BTC book depth▶ | $46.5M |
| 0.025%/0.010% | ◀Taker / maker | 0.035%/0.015% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $444.6M | Volume 24h▶ | $12.65B |
| $283.3M | Volume, 7-day average▶ | $9.13B |
| $83.3M | Open interest▶ | $1.33B |
| — | TVL | — |
| Markets | ||
| 77 | Markets▶ | 144 |
| 65 | ◀Stocks & RWA | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0048% |
| +0.693% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Ondo Perps | Deribit |
|---|---|---|
| $1k | $0.707.0 bp | $0.717.1 bp |
| $10k | $9.139.1 bp | $7.067.1 bp |
| $100k | $25125.1 bp | $78.347.8 bp |
| $1M | — | $1,46114.6 bp |
| $5M | — | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 48
funding /8h · Net 7d at $10k| Asset | Ondo Perps | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0017% | +0.0077% | −$12 |
| ETH | +0.0100% | 0.0000% | +0.0088% | −$49 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$39 |
| XRP | +0.0100% | +0.0006% | +0.0085% | — |
| HYPE | +0.0100% | +0.0013% | +0.0098% | −$40 |
| SOL | +0.0100% | 0.0000% | +0.0100% | −$48 |
| LIT | +0.0100% | 0.0000% | +0.0230% | — |
| ONDO | +0.0100% | −0.0285% | +0.0388% | −$58 |
| ENA | +0.0100% | +0.0055% | +0.0100% | — |
| PUMP | +0.0100% | +0.0255% | +0.0095% | −$143 |
| NEAR | +0.0100% | +0.0287% | +0.0026% | −$47 |
Only on Ondo Perps: 29
SP500 · NAS100 · COIN · TTWO · BB · SAMSUNG · BABA · GLW · NATGAS · UNITREE · URNM · PURR · NFLX · CXMT · BMNR · USDJPY · ZHIPU · COPPER · EUR · MINIMAX · SKHYNIX · MRNA · DKNG · WEN · ASML · RDDT · IBM · NKE · PEARL
Only on Deribit: 94
EURC · PAXG · AVAX · LINK · UNI · DOGE · TRX · BNB · SUI · ADA · LTC · ANTHROPIC · XLM · AAVE · BE · DOT · BCH · WLD · AERO · HBAR · CRV · WIF · INJ · ARB · TRUMP · TAO · RENDER · SOXS · COIN50 · FARTCOIN · SNXX · FIL · ETHFI · ATOM · PEPE · FET · ASTER · PENGU · MON · WLFI · ALGO · PENDLE · DELL · VIRTUAL · POL · VVV · APT · TIA · APE · LDO · MERL · DASH · SHIB · STRK · JTO · PNUT · BILL · PYTH · S · ICP · and 34 more
Questions
Is Ondo Perps or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.13 on Ondo Perps and $7.06 on Deribit right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.025% and 0.035%.
Which has more markets, Ondo Perps or Deribit?
Ondo Perps lists 77 active markets and Deribit 144; 48 assets trade on both, 37 of them stocks, commodities or other real-world assets.
Does Ondo Perps or Deribit require KYC?
Ondo Perps: No ID (only third-party fiat on-ramps check identity); not for the US, Canada, Panama, Russia, Ukraine or sanctioned countries. Deribit: ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Can you arbitrage funding between Ondo Perps and Deribit?
Yes: 3 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was SPY, long on Ondo Perps and short on Deribit, with $17 left after costs.
Which is bigger, Ondo Perps or Deribit?
24-hour volume: Ondo Perps $444.6M, Deribit $12.65B. Open interest as each reports it: $83.3M and $1.33B.