Is Ondo Perps custodial? Who holds your funds?
Yes. Ondo Perps is custodial: the venue holds your funds on your behalf (checked Oct 28, 2026). Self-custody instead: Lighter (code DEXSHEET, 10% fee rebate) and GMX (code dexsheet, 5% off fees). Ondo Perps code TLPF58 (5% off fees).
Checked 2026-10-28 · 3 sources- You sign in with your own wallet or email, but deposits go to a funding address and are swept into the exchange's operational hot wallet; withdrawals are approved by the exchange engine.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
Sources: Ondo Perps Docs: Welcome to Ondo Perps · Ondo Perps Docs: Fees · Ondo Perps Docs: Markets. The venue's own page wins if it disagrees with ours.
Ondo Perps
Perp DEX · 0.05% round trip. Ondo Perps is a perpetual futures exchange for US stocks, ETFs, indices and commodities, plus an OpenAI pre-IPO contract, with up to 20x leverage and 24/7 trading. It is made available by Ondo Global Panama Inc. using Ondo Finance technology, matches orders off-chain inside secure enclaves, and accepts USDC or Ondo tokenized stocks as collateral.
Full Ondo Perps sheet: fees, custody, incidents →
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