ONDO perpetual futures now available for trading on Polymarket.
Ecosystem ·
ONDO perpetual futures trading is now available on Polymarket, allowing traders to take long or short positions on the token using pUSD as collateral. The ONDO-USD contract operates with no expiration date and supports leverage up to 10x, with Isolated margin as the default mode. At the time of reporting, ONDO-USD was trading at $0.37, up 0.13% over the prior 24 hours.
The contract uses both an oracle price and a mark price to maintain accuracy. The oracle price reflects real-time data from external feeds, while the mark price represents Polymarket's calculated fair value for determining profit or loss and triggering liquidations. The spread between these two prices stood at $0.00, indicating close tracking of ONDO's spot price. A funding rate of 0.0013% per cycle is applied to keep the prices aligned.
Trading volume for ONDO-USD in the 24 hours prior totaled $10.02, with open interest at $10.03. The contract's order book depth and full trading details are accessible directly on the platform. Neither the terms governing leverage liquidation thresholds nor the broader trading demand for the contract beyond this initial volume window have been detailed.