Recently, altcoins have stagnated, so let’s not focus on that and discuss a quiet way to make money—#OndoPerps, which can leverage a delta-neutral strategy to earn hundreds of dollars weekly. 🧐
Let’s start with the conclusion: The leverage on US stocks is quite significant, so one can easily take advantage of it.
Those familiar with me know that I have always been optimistic about the RWA sector, especially with the leader #Ondo; it must be a quality product. Particularly, the recent weekly incentive of over $100,000 from #OndoPerps is truly a money giveaway, and there aren’t many participants, so it’s not crowded.
I recently got access to the beta test, and I want to talk about the arbitrage strategies I’ve personally tested.
📝 First, let’s discuss what @OndoPerps is?
Simply put, it turns traditional US stocks (like Apple, Nvidia, Tesla, MSTR, etc.), indices, and commodities into on-chain perpetual contracts.
• 24/7/365 operation: Stock markets closed on weekends or at midnight? It’s still trading here. There’s no deep pit from “earnings report opening gaps”; sudden events can be hedged instantly.
• 20x leverage: Inheriting the real liquidity of Ondo Global Markets, they hold over $1 billion in TVL, with very tight spreads and minimal slippage on large orders.
💰 How significant is the opportunity?
Many focus on those quickly depreciating points but overlook that #Ondo is pouring real cash into USDC rewards.
• In the first week, they allocated 100,000 USDC
• In the second week (now), it has gone up to 125,000 USDC, with 2.5 days left (as in 👇 Image 1)
Due to the low-key beta test, there aren’t many users. Many individuals make a few hundred dollars weekly just by executing a delta-neutral strategy (risk-free volume brushing). I only earned $93 in the first week due to a small test, but I decided to increase my efforts. There is still a considerable opportunity during this window.
📊 Here comes the core: My delta-neutral arbitrage strategy
What excited me most during the experience was not the low fees (Maker 1.5bps / Taker 3.5bps is indeed cheaper than competitors), but the huge funding rate difference between this platform and existing ones (like Binance)!
Take the currently popular $MSTR as an example:
• On Ondo Perps, the annual funding rate for $MSTR is around -2%
• However, on Binance, due to retail investors' extreme imbalance in both bearish and bullish sentiments, the rate is nearly -60%
How to play risk-free arbitrage?
Operation: Short $MSTR on the Ondo Perps platform while opening an equivalent long position on Binance (or reverse operation, depending on real-time funding rates for hedging).
Result: Your price risk in either direction is fully hedged. You not only benefit from the huge funding rate difference on both sides but also increase the trading volume on Ondo, gaining access to their $125,000 USDC cash prize pool for the second week + automatically accumulated Ondo points in the backend. Why not take advantage of that!
For arbitrageurs, the best news is that Ondo’s tokenized securities can be used directly as margin, which means in the future, we can hold tokenized $NVDA spot without needing to sell and exchange for USDC; we can use it as margin to leverage $MSTR. For long-term holders, capital efficiency is maximized, making it very suitable for long-short combination hedging or Basis trades (as in Image 2).
Brothers wanting to participate can give it a try. It’s currently invitation-only, and my invitation 🔗: https://app.ondoperps.xyz/?ref=93s2jn
Lastly, I want to say that while we can discuss the price and fundamentals, the on-chain US stock derivatives sector has very few players with traditional institutional backing and real liquidity support, and #Ondo is one of them.
Now, taking advantage of the low participation and weekly cash distribution, I’ll seize this wool first. You all can decide what to do, DYOR. 🙏
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