QFEXvs
Ondo
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 22 liquid markets shared by Ondo and QFEX, no setup covered entry and exit over the past 7 days: the best, $WTI (long Ondo, short QFEX), paid 9.7% APR over 7 days, -4.4% after costs.
22 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| QFEX | Ondo | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.1% | 0.035%β |
| Maker fee | 0.05% | 0.015%β |
| Open Interest | $87.1M | $92.9Mβ |
| 24h Volume | $247.1Mβ | $129.9M |
| Avg Funding APR | -0.03% | 0.98% |
| Markets | 120β | 78 |
| Airdrop / token | β | Points Active |
QFEX and Ondo are both perpetual-futures venues tracked on ORBIT. On fees, Ondo is cheaper (0.035% vs 0.1% taker). On liquidity, Ondo is deeper with $92.9M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β 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 QFEX and Ondo diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between QFEX and Ondo pays most?
- Across 22 liquid markets shared by Ondo and QFEX, no setup covered entry and exit over the past 7 days: the best, $WTI (long Ondo, short QFEX), paid 9.7% APR over 7 days, -4.4% after costs. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is QFEX or Ondo cheaper?
- QFEX charges 0.1% taker / 0.05% 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, QFEX or Ondo?
- QFEX has $87.1M open interest across 120 markets; Ondo has $92.9M across 78. Ondo is deeper, which means lower slippage at size.
- Can I run funding arbitrage between QFEX and Ondo?
- Yes β 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.