PopDEXvs
Ondo
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| PopDEX | Ondo | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.032%✓ | 0.035% |
| Maker fee | 0.01%✓ | 0.015% |
| Open Interest | $17.9M | $82.1M✓ |
| 24h Volume | $55.2M | $148.9M✓ |
| Avg Funding APR | 10.08% | 1.30% |
| Markets | 50 | 50 |
| Airdrop / token | Pre-TGE | Points Active |
PopDEX and Ondo are both perpetual-futures venues tracked on ORBIT. On fees, PopDEX is cheaper (0.032% vs 0.035% taker). On liquidity, Ondo is deeper with $82.1M 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 PopDEX and Ondo diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is PopDEX or Ondo cheaper?
- PopDEX charges 0.032% taker / 0.01% maker; Ondo charges 0.035% taker / 0.015% maker. PopDEX has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, PopDEX or Ondo?
- PopDEX has $17.9M open interest across 50 markets; Ondo has $82.1M across 50. Ondo is deeper, which means lower slippage at size.
- Can I run funding arbitrage between PopDEX 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.