SoDEXvs
Ondo
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 4 liquid markets shared by Ondo and SoDEX, the best funding setup over the past 7 days is $BTC (long SoDEX, short Ondo): it paid 8.3% APR, 0.5% after costs, and held 60% of the time.
4 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| SoDEX | Ondo | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.04% | 0.035%✓ |
| Maker fee | 0.012%✓ | 0.015% |
| Open Interest | $134.7M✓ | $93.6M |
| 24h Volume | $174.4M✓ | $29.9M |
| Avg Funding APR | 7.42% | 12.07% |
| Markets | 91✓ | 78 |
| Airdrop / token | Points Active | Points Active |
SoDEX and Ondo are both perpetual-futures venues tracked on ORBIT. On fees, Ondo is cheaper (0.035% vs 0.04% taker). On liquidity, SoDEX is deeper with $134.7M 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 SoDEX and Ondo diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between SoDEX and Ondo pays most?
- Across 4 liquid markets shared by Ondo and SoDEX, the best funding setup over the past 7 days is $BTC (long SoDEX, short Ondo): it paid 8.3% APR, 0.5% after costs, and held 60% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is SoDEX or Ondo cheaper?
- SoDEX charges 0.04% taker / 0.012% 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, SoDEX or Ondo?
- SoDEX has $134.7M open interest across 91 markets; Ondo has $93.6M across 78. SoDEX is deeper, which means lower slippage at size.
- Can I run funding arbitrage between SoDEX 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.