Ondo Perps vs StandX

Split decision: Ondo Perps leads on Most tradable markets on a perp DEX, live count per venue (65 vs 13); StandX leads on Perp DEX volume share, live 24h notional ranked ($375.42M vs $192.14M).

Read methodology Last measured Wed, 23 Sep 2026 00:14:00 UTCWindow: rolling 24h4 shared benchmarks

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.

StandX

Side by side measurements

Cheapest perp venue to hold a position, live funding normalized

Trading

Ondo Perps

3.00 bps

p99: 3.00 bps
rank: #9
samples: 2,879

StandX

3.00 bps

p99: 3.00 bps
rank: #10
samples: 630

Funding cost to hold a long 24h

Ondo Perpsn/aStandXn/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

Trading

Ondo Perps

Trails

$192.14M

p99: $206.62M
rank: #16
samples: 2,879

StandX

Leads

$375.42M

p99: $390.70M
rank: #10
samples: 630

24h perp volume

Ondo Perpsn/aStandXn/a

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

Trading

Ondo Perps

No data in window

StandX

No data in window

24h ETH funding stddev

Ondo Perpsn/aStandXn/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

Trading

Ondo Perps

Leads

p99: 65
rank: #17
samples: 2,879

StandX

Trails

p99: 13
rank: #21
samples: 630

Active markets

Ondo Perpsn/aStandXn/a

Frequently asked questions

Ondo Perps vs StandX: which one is better?

Ondo Perps and StandX are compared on 4 shared OpenChainBench benchmarks. Ondo Perps leads on Most tradable markets on a perp DEX, live count per venue. StandX leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.

Which has the higher active markets, Ondo Perps or StandX?

On the Most tradable markets on a perp DEX, live count per venue benchmark, Ondo Perps leads at 65 versus StandX at 13. Live measurement is updated continuously by the OpenChainBench harness.

Which has the higher 24h perp volume, Ondo Perps or StandX?

On the Perp DEX volume share, live 24h notional ranked benchmark, StandX leads at $375.42M versus Ondo Perps at $192.14M. Live measurement is updated continuously by the OpenChainBench harness.

How is the Ondo Perps vs StandX 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.