Ondovs
QFEX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Ondo | QFEX | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0.035%✓ | 0.1% |
| Maker fee | 0.015%✓ | 0.05% |
| Open Interest | $86.3M | $139.5M✓ |
| 24h Volume | $133.7M | $252.5M✓ |
| Avg Funding APR | 6.51% | 1.65% |
| Markets | 75 | 102✓ |
| Airdrop / token | Points Active | — |
Ondo and QFEX are both perpetual-futures venues tracked on ORBIT. On fees, Ondo is cheaper (0.035% vs 0.1% taker). On liquidity, QFEX is deeper with $139.5M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Ondo and QFEX diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Ondo or QFEX cheaper?
- Ondo charges 0.035% taker / 0.015% maker; QFEX charges 0.1% taker / 0.05% maker. Ondo has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Ondo or QFEX?
- Ondo has $86.3M open interest across 75 markets; QFEX has $139.5M across 102. QFEX is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Ondo and QFEX?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.