Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL
Trading| Provider | All-in cost | All-in at $100k | All-in at $1M |
|---|---|---|---|
| Gains | 0.040% | 0.040% | 0.040% |
| Ondo Perps | 0.042% | 0.064% | 0.20% |
View
Gainsn/aOndo Perpsn/a
Gains vs Ondo Perps
Gains leads on 2 of 5 shared benchmarks, Ondo Perps on 3. Gains wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.040% vs 0.042%), Most tradable markets on a perp DEX, live count per venue (178 vs 77). Ondo Perps wins on Perp DEX volume share, live 24h notional ranked ($488.24M vs $12.80M), Perp DEX asset breadth (64 vs 55), Perp DEX volume to open interest (5.63x vs 8.41x). Data as of 2026-11-06 UTC.
Gains
Perp DEX on Polygon, Arbitrum, Base and Solana. Pool-based execution against the gToken vaults, oracle-priced trades with synthetic leverage.
Ondo Perps
Ondo Perps is Ondo Finance's perpetuals exchange (live since June 2026): an off-chain matching engine running in Intel SGX enclaves with on-chain custody on Ethereum and Arbitrum, USDC and Ondo tokenized stocks as collateral, and 60+ markets across US equities, ETFs, commodities, indices, FX and crypto.
Side by side measurements
Perp DEX volume share, live 24h notional ranked
TradingGains
Trails$12.80M
- p99
- $15.28M
- rank
- #20
- samples
- 2,880
Ondo Perps
Leads$488.24M
- p99
- $550.46M
- rank
- #10
- samples
- 2,880
24h perp volume
Gainsn/aOndo Perpsn/a
Most tradable markets on a perp DEX, live count per venue
TradingGains
Leads178
- p99
- 178
- rank
- #7
- samples
- 2,880
Ondo Perps
Trails77
- p99
- 77
- rank
- #15
- samples
- 2,880
Active markets
Gainsn/aOndo Perpsn/a
Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities
TradingGains
Trails55
- p99
- 55
- rank
- #10
- samples
- 2,880
Ondo Perps
Leads64
- p99
- 64
- rank
- #9
- samples
- 2,880
Non-crypto markets
Gainsn/aOndo Perpsn/a
Counts reflect each venue's live market catalog at query time, mainnet only. The asset class comes from the venue's own metadata where it publishes one; Hyperliquid HIP-3 dexes and dYdX publish none, so their symbols are matched against the crypto markets the other venues list and a fixed table of forex, commodity and index names. Tokenized gold (PAXG, XAUT) is a crypto token and is not counted. A market counts once whether it trades 24/7 or only during exchange hours.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingGains
Trails8.41x
- p99
- 10.0x
- rank
- #19
- samples
- 2,880
Ondo Perps
Leads5.63x
- p99
- 6.35x
- rank
- #18
- samples
- 2,880
Volume / OI (24h)
Gainsn/aOndo Perpsn/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
Gains vs Ondo Perps: which one is better?
Gains and Ondo Perps are compared on 5 shared OpenChainBench benchmarks. Gains leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. Ondo Perps leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which is cheaper, Gains or Ondo Perps?
On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Gains leads at 0.040% versus Ondo Perps at 0.042%. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, Gains or Ondo Perps?
On the Perp DEX volume share, live 24h notional ranked benchmark, Ondo Perps leads at $488.24M versus Gains at $12.80M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Gains vs Ondo Perps comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.