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Perp DEX Pre-TGE EVM MetaMask

Ondo Perps How to Use Ondo Perps β€” From Deposit to Trading

Pre-TGE and rich in US stocks, ETFs and commodities β€” how to earn points on Ondo Perps

πŸ’‘ Before you deposit
How to deposit into Ondo Perps

Ondo Perps accepts USDC on Ethereum Mainnet or Arbitrum One.
Swap your ETH to USDC on OKX DEX before depositing.

Open OKX DEX β†’

What is Ondo Perps?

Ondo Perps has the following features and advantages.

ℹ️
Status as of August 2026: Pre-TGE Perp DEX running in public beta. Ondo Points are being distributed and weekly USDC reward pools are live.
  • 🏒 Rich in US stocks, ETFs and commodities β€” 25 of the 40 listed markets are US equities. Unlike most Perp DEXes, TradFi assets are the main event here rather than an afterthought
  • πŸ“Š Up to 25x leverage β€” Gold (XAU), silver (XAG), US100 and US500 go up to 25x; BTC, ETH, AAPL, SPY and QQQ up to 20x
  • πŸ• US stocks around the clock β€” Open and close positions at night, on weekends and on US market holidays β€” the exchange runs 24/7
  • πŸͺ™ Tokenized stocks as collateral β€” A first-of-its-kind design: post Ondo's tokenized ETFs (SPYon, QQQon) directly as margin alongside USDC
  • πŸ› Built by Ondo Finance β€” Powered by the same infrastructure behind Ondo Global Markets, one of the largest tokenized equities platforms in the world
  • πŸ’Έ Low fees β€” Limited-time promotion: 0.01% maker and 0.025% taker β€” 50% off the standard rates
  • πŸͺͺ No KYC required β€” use the platform without identity verification (residents of the U.S., Panama and other prohibited jurisdictions are not eligible)
Pre-TGE
Status
USDC
Collateral
Ethereum Mainnet Β· Arbitrum One
Supported networks

How to Get Started with Ondo Perps

1
Install a supported wallet
Ondo Perps supports MetaMask, Coinbase Wallet, Phantom, OKX Wallet, Brave Wallet, Nightly and WalletConnect-compatible wallets. You can also sign in with just an email address.
2
Buy ETH on a CEX
Buy ETH on a centralized exchange such as Binance, Coinbase or Kraken, then withdraw it to your wallet address on Ethereum Mainnet or Arbitrum One.
3
Swap ETH to USDC on OKX DEX
Swap your ETH to USDC using OKX DEX. If you want to keep gas costs low, prepare your USDC on Arbitrum One.

πŸ”„ Open OKX DEX β†’
4
Deposit USDC into Ondo Perps and start trading
Connect your wallet (or sign in with email) and deposit. Each account gets its own permanent deposit address, so there is no bridge contract to interact with. Open Ondo Perps β†’
5
Earn points
5 million Ondo Points are distributed every week, weighted by trading volume and open interest. Weekly USDC reward pools run alongside them. Keep using the DEX consistently until TGE β€” that's when tokens are distributed.

Sign up for Ondo Perps

Pre-TGE β€” start stacking points now

πŸ› Open Ondo Perps β†’

FAQ

Ondo Perps is a Perpetual DEX (Perp DEX) from Ondo Finance, best known for tokenizing real-world assets. It lists perpetual futures on US stocks, ETFs, commodities and equity indices, trading 24/7.

Its defining feature is collateral: alongside USDC you can post Ondo's tokenized ETFs (SPYon, QQQon) directly as margin. Market makers no longer have to double-collateralize spot and perp legs, which is designed to produce deeper books and tighter spreads. As a pre-TGE Perp DEX, early users are hoping for an airdrop.

40 markets are listed at the time of writing.

US stocks (25)
AAPL (Apple) / MSFT (Microsoft) / GOOGL (Alphabet) / AMZN (Amazon) / META (Meta Platforms) / NVDA (NVIDIA) / TSLA (Tesla) / AMD / INTC (Intel) / MU (Micron Technology) / MRVL (Marvell Technology) / ORCL (Oracle) / NFLX (Netflix) / PLTR (Palantir) / COIN (Coinbase) / HOOD (Robinhood) / CRCL (Circle) / MSTR (MicroStrategy) / SPCX (SpaceX) / CBRS (Cerebras Systems) / NBIS (Nebius Group) / SMSN (Samsung Electronics) / SKHY (SK Hynix) / SNDK (Sandisk) / BB (BlackBerry)

ETFs (4)
SPY (SPDR S&P 500 ETF) / QQQ (Invesco QQQ) / DRAM (Roundhill Memory ETF) / EWY (iShares MSCI South Korea ETF)

Commodities (4)
XAU (Gold) / XAG (Silver) / WTI (WTI Crude Oil) / BRENT (Brent Crude Oil)

Indices (2)
US100 (Nasdaq 100) / US500 (S&P 500)

Crypto (5)
BTC (Bitcoin) / ETH (Ethereum) / SOL (Solana) / HYPE (Hyperliquid) / ONDO (Ondo Finance)

Up to 25x, and the cap varies by market:

Β· 25x β€” XAU (Gold), XAG (Silver), US100, US500
Β· 20x β€” BTC, ETH, AAPL, SPY, QQQ, WTI
Β· 15x β€” BRENT
Β· 10x β€” SOL, HYPE, ONDO and most US stocks
Β· 5x β€” SNDK (Sandisk)

Open the "Points" menu inside Ondo Perps. Ondo Points is run by the Ondo Foundation and allocates 5 million points per week based on trading volume and open interest, with weekly USDC reward pools on top.

No TGE date for an Ondo Perps token has been announced at the time of writing. Tokens are typically distributed around TGE in proportion to accumulated points, and some projects keep airdropping afterwards. Check the project's official announcements for exact dates.

A limited-time promotion cuts the standard rates in half:

Β· Maker: 0.01% (normally 0.02%)
Β· Taker: 0.025% (normally 0.05%)

The rates are identical across every market, and can go lower based on your 14-day rolling volume. Liquidations are charged a separate 1.5% fee on the notional value of the position.

The exchange runs 24/7, so you can open and close positions at night, on weekends and on US market holidays. While US markets are open the oracle price comes from external feeds (Pyth, Stork and other institutional providers). When those feeds freeze at 4:00 PM ET on Friday, the oracle switches to an internal session that derives price from Ondo Perps' own order book. Weekend prices can therefore drift from where the underlying will reopen.

Networks
Ethereum Mainnet / Arbitrum One

Accepted collateral
USDC (0% haircut, no cap)
SPYon β€” Ondo's tokenized S&P 500 ETF (10% haircut)
QQQon β€” Ondo's tokenized Nasdaq 100 ETF (10% haircut)

Each account is issued a permanent deposit address; sending a supported asset there credits your balance. No bridge contract interaction is required.

MetaMask, Coinbase Wallet, Phantom, OKX Wallet, Brave Wallet, Nightly and any WalletConnect-compatible wallet. Email sign-in is also available if you don't have a wallet.

Ondo Perps is available worldwide except to residents of the U.S., Panama and other prohibited jurisdictions. Check the official Terms of Use for the current list.