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 |
|---|---|---|---|
| Ondo Perps | 0.035% | 0.068% | 0.34% |
| Polymarket | 0.042% | 0.052% | 0.092% |
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Ondo Perpsn/aPolymarketn/a
Ondo Perps vs Polymarket
Split decision: Ondo Perps leads on Cheapest perp DEX, live all-in cost from $1k to $1M on ETH, BTC and SOL (0.035% vs 0.042%) and Perp DEX volume share, live 24h notional ranked ($146.53M vs $82.11M); Polymarket leads on Cheapest perp venue to hold a position, live funding normalized (3.00 bps vs 3.17 bps) and Most tradable markets on a perp DEX, live count per venue (89 vs 65).
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.
Polymarket
The largest crypto prediction market, settled on Polygon via UMA optimistic oracle. CLOB-style order book hosted on the Polymarket gateway with sub-second publish latency for live odds.
Side by side measurements
Cheapest perp venue to hold a position, live funding normalized
TradingOndo Perps
Trails3.17 bps
- p99
- 3.00 bps
- rank
- #6
- samples
- 1,344
Polymarket
Leads3.00 bps
- p99
- 3.00 bps
- rank
- #5
- samples
- 2,880
Funding cost to hold a long 24h
Ondo Perpsn/aPolymarketn/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.
Perp DEX volume share, live 24h notional ranked
TradingOndo Perps
Leads$146.53M
- p99
- $184.86M
- rank
- #9
- samples
- 1,345
Polymarket
Trails$82.11M
- p99
- $97.90M
- rank
- #11
- samples
- 2,880
24h perp volume
Ondo Perpsn/aPolymarketn/a
Perp DEX funding stability, 24h stddev of ETH funding ranked
TradingOndo Perps
Trails0.0054 %
- p99
- 0%
- rank
- #4
- samples
- 1,344
Polymarket
No data in window
24h ETH funding stddev
Ondo Perpsn/aPolymarketn/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.
Most tradable markets on a perp DEX, live count per venue
TradingOndo Perps
Trails65
- p99
- 65
- rank
- #13
- samples
- 1,344
Polymarket
Leads89
- p99
- 89
- rank
- #8
- samples
- 2,880
Active markets
Ondo Perpsn/aPolymarketn/a
Frequently asked questions
Ondo Perps vs Polymarket: which one is better?
Ondo Perps and Polymarket 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. Polymarket 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 Polymarket?
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 Polymarket at 0.042%. Live measurement is updated continuously by the OpenChainBench harness.
Which is cheaper on funding cost to hold a long 24h, Ondo Perps or Polymarket?
On the Cheapest perp venue to hold a position, live funding normalized benchmark, Polymarket leads at 3.00 bps versus Ondo Perps at 3.17 bps. Live measurement is updated continuously by the OpenChainBench harness.
How is the Ondo Perps vs Polymarket 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.