Venues / Ondo Perps

Ondo Perps alternatives: cheaper and similar options (Oct 2026)

Why look beyond Ondo Perps

• The Terms exclude US, Canadian and Panamanian residents, US persons, and a long list of other territories.
• Still in Public Beta, with positions capped at $1M per market per account.
• Deposits are swept into an exchange hot wallet, so you rely on Ondo's enclave and attestor setup rather than holding funds in your own wallet.
• The current fees are a limited-time promotion; base rates are twice as high, and liquidations cost 1.5% of notional.

Ondo Perps alternatives for US traders →

Cheaper than Ondo Perps

Lighter 0%, Paradex 0%, trade.xyz 0.018% — against Ondo Perps at 0.05% per round trip. Platform fee only; spreads and network fees are extra.

The alternatives

1. Lighter

   Perp DEXSelf-custody

   Ethereum · 0% round trip · US: not available

   Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.

   + The default Standard account charges 0% maker and 0% taker on perps and spot.

   Open Lighter — 10% fee rebate

2. Paradex

   Perp DEXSelf-custody

   Paradex · 0% round trip · US: not available

   Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.

   + Retail orders pay 0% maker and 0% taker on perps, spot and options.

   Open Paradex — 5% XP bonus

3. trade.xyz

   Perp DEXSelf-custody

   Hyperliquid · 0.018% round trip · US: not available

   Traders outside the US, UK and Canada who want leveraged, round-the-clock exposure to stocks, indices, commodities, FX and pre-IPO companies from a self-custodied Hyperliquid account.

   + Growth-mode markets cost 0.009% taker and 0.003% maker at the base tier, a tenth of the standard HIP-3 rate.

   Open trade.xyz — 4% off fees · Ondo Perps vs trade.xyz

4. Extended

   Perp DEXSelf-custody

   Arc · 0.05% round trip · US: not available

   Traders outside the US, UK and Canada who want low taker fees on crypto plus stock, FX, commodity and index perps from one USDC margin account in their own wallet.

   + Flat 0.025% taker and 0% maker for every user, and 0.010% taker on RWA markets.

   Open Extended — 10% off fees

5. Reya

   Perp DEXSelf-custody

   Reya Network · 0.06% round trip · US: not available

   Traders outside the US who want low taker fees on an on-chain order book for crypto and 24/7 US stock and index perps.

   + Taker fees start at 0.03% and fall to 0.02% with 30-day volume, and maker orders pay 0%.

   Open Reya — 10% off fees

6. Ostium

   Perp DEXSelf-custody

   Arbitrum · 0.06% round trip · US: not available

   Traders who want onchain leveraged exposure to stocks, forex, commodities and indices from a self-custodied wallet, outside the US.

   + Covers 75 pairs across stocks, ETFs, commodities, indices, forex and crypto, which most crypto perp venues do not list.

   Open Ostium — points boost

7. Gains Network

   Perp DEXSelf-custody

   Arbitrum · Base · Polygon · Solana · 0.07% round trip · US: not available

   Traders outside the US who want high-leverage, oracle-priced perps on crypto, forex, stocks and commodities from their own wallet on Arbitrum, Base, Polygon or Solana.

   + About 180 active pairs across crypto, forex, stocks, indices and commodities, with up to 1000x on forex majors, 250x on gold and silver and 200x on BTC and ETH.

   Open Gains Network — code dexsheet

8. Aster

   Perp DEXSelf-custody

   Aster Chain · BNB Chain · Arbitrum · 0.08% round trip · US: not available

   Non-US, non-UK traders who want zero maker fees on order-book perps, very high leverage modes, or privacy-shielded orders.

   + Maker fees are 0% at every VIP tier on order-book perps since February 2026.

   Open Aster — code fED65f

Cost compared

More on Ondo Perps: Overview · Referral code · Fees · Is it legit? · Alternatives · US alternatives · Available in the US? · KYC required? · Mobile app? · Custodial? · Supported chains · Withdrawals