Let me quickly share why I use Ondoperps: super low fees, low transaction costs, amazing liquidity, and you can leverage to arbitrage funding rates. A few weeks ago, they even had subsidies—covering 10wu of transaction fees per week was pretty sweet. The liquidity is insane, and I’m not exaggerating here. It’s perfect for funding rate arbitrage. On other perpdex platforms, the order books usually only have tens or hundreds of dollars. Even Binance’s contract liquidity is just a few hundred or thousand at most. Ondo’s order book does have some price spread, but its depth is several times greater compared to Binance. If you’re looking for something that checks all the boxes—on-chain (no KYC), more trading options, and decent liquidity—there’s now a new choice. Today, Ondo’s own perpetual contract platform launched, covering common tradable assets like stocks and commodities. For non-Americans who want no KYC and stock trading, having an on-chain solution is ideal. Ondo @OndoPerps has such strong liquidity that it can directly replace some smaller TradFi perpdex use cases. Another standout feature is that you can use on-chain tokenized stocks and even government bonds as margin. This massively improves capital efficiency—stacking Lego pieces, basically. This setup is a direct win for funding rate arbitrage. Previously, I had to buy actual stocks through a broker for arbitrage, but now I can use the same funds for two purposes while reducing risk. It really hits the pain points. This feature isn’t live yet, though, so we’ll have to wait and see what the collateral ratio will be. I’m tagging this post because it might look like an ad and I don’t want it to get reported, but I genuinely use this product. I’ve opened two accounts—one for leveraging funding rates and the other for earning the weekly 10wu rewards. If you want to try it during the beta testing phase, you’ll need a code. You can use mine for your first account; I’ll drop the link in the comments.