OpenChainBench

Ondo Perps vs Paradex

Ondo Perps leads on 3 of 5 shared benchmarks, Paradex on 2. Ondo Perps wins on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.035% vs 0.38%), Perp DEX volume share, live 24h notional ranked ($146.53M vs $17.89M), Most tradable markets on a perp DEX, live count per venue (65 vs 63). Paradex wins on Cheapest perp venue to hold a position, live funding normalized (2.99 bps vs 3.17 bps), Perp DEX funding stability, 24h stddev of ETH funding ranked (0.00008% vs 0.0054%).

Read methodology Last measured Window: rolling 24h5 shared benchmarks
Ondo Perps logo
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.

Paradex logo
Paradex

Paradex is a perps-focused L2 exchange built on Starknet tech, with USD-settled perpetuals and funding accrued continuously over an 8 hour period.

Side by side measurements

Cheapest perp venue to hold a position, live funding normalized

Trading

Ondo Perps

Trails

3.17 bps

p99
3.00 bps
rank
#6
samples
1,344

Paradex

Leads

2.99 bps

p99
2.87 bps
rank
#4
samples
2,880
Funding cost to hold a long 24h
Ondo Perpsn/aParadexn/a

Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (1h for Hyperliquid and dYdX, 4h or 8h elsewhere); every figure is normalized from the venue's own quoted rate and interval before ranking. Funding is only the holding cost. Opening costs (taker fee, spread, impact) are the companion bench perp-fees.

Rolling 24h · Funding cost to hold a long 24hRaw JSON

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Ondo Perps

Trails

0.0054 %

p99
0%
rank
#4
samples
1,344

Paradex

Leads

0.00008 %

p99
0.0023%
rank
#1
samples
2,880
24h ETH funding stddev
Ondo Perpsn/aParadexn/a

Ranked only with 24 hours of funding history (288 samples) and a stddev above zero: a young listing, or a venue whose rate has not moved since listing (Ondo Perps at launch, Polymarket in July), reads artificially stable and shows as Provisional, never as the leader. Stability is not directionality: a persistently positive but tight band ranks above a rate that flips every settlement.

Rolling 24h · 24h ETH funding stddevRaw JSON

Frequently asked questions

Ondo Perps vs Paradex: which one is better?

Ondo Perps and Paradex are compared on 5 shared OpenChainBench benchmarks. Ondo Perps leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL. Paradex leads on Cheapest perp venue to hold a position, live funding normalized. See the live table on this page for every metric.

Which is cheaper on all-in cost, Ondo Perps or Paradex?

On the Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL benchmark, Ondo Perps leads at 0.035% versus Paradex at 0.38%. Live measurement is updated continuously by the OpenChainBench harness.

Which is cheaper on funding cost to hold a long 24h, Ondo Perps or Paradex?

On the Cheapest perp venue to hold a position, live funding normalized benchmark, Paradex leads at 2.99 bps versus Ondo Perps at 3.17 bps. Live measurement is updated continuously by the OpenChainBench harness.

How is the Ondo Perps vs Paradex 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.

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.

Live data refreshes via ISR within 60 seconds of a new run. Sources are the same Prometheus queries surfaced on the parent benchmark pages.