Polymarketvs
Ondo
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Polymarket | Ondo | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.04% | 0.035%✓ |
| Maker fee | 0.0125%✓ | 0.015% |
| Open Interest | $47.7M | $85.0M✓ |
| 24h Volume | $0 | $79.2M✓ |
| Avg Funding APR | -4.42% | -7.33% |
| Markets | 50 | 50 |
| Airdrop / token | — | Points Active |
Polymarket and Ondo are both perpetual-futures venues tracked on ORBIT. On fees, Ondo is cheaper (0.035% vs 0.04% taker). On liquidity, Ondo is deeper with $85.0M 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 Polymarket and Ondo diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Polymarket or Ondo cheaper?
- Polymarket charges 0.04% taker / 0.0125% maker; Ondo charges 0.035% taker / 0.015% maker. Ondo has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Polymarket or Ondo?
- Polymarket has $47.7M open interest across 50 markets; Ondo has $85.0M across 50. Ondo is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Polymarket and Ondo?
- 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.