How to trade Ondo (ONDO)
On BRVX, ONDO trades as a ONDO/USDT perpetual with 5x–100x leverage on ONDO and a 0.1% fee to open, one of the higher fees on the platform. You trade the token's price either way, without owning ONDO.
- 100x Max leverage on ONDO
- 0.1% Fee per side on ONDO
- 0.0103% / 0.0103% Funding long / short on ONDO
- 6 Margin tokens for ONDO
Ondo guide contents
What an ONDO perpetual is
Ondo Finance brings real-world assets such as US Treasury funds on-chain. ONDO is its governance token, so it trades as a bet on the real-world-asset sector rather than on the yield of the products.
The BRVX perp tracks the ONDO price only; it gives no access to Ondo's funds or their yield.
Ondo's on-chain Treasury products sit among the largest in the sector, and it has launched on-chain US stock products for non-US users. Those product numbers are public and give ONDO traders a growth gauge.
What moves the ONDO price
ONDO is a sector proxy.
- Growth in on-chain Treasury and fund assets across the industry.
- Partnerships with banks and asset managers.
- Token unlocks, which add supply on known dates.
Long or short Ondo?
An ONDO long bets on on-chain Treasuries and funds growing and big asset managers joining.
An ONDO short bets on sector growth stalling or unlock supply outweighing demand.
Opening an ONDO position on BRVX
Find ONDO · USDT
Pick ONDO in the crypto group.
Account for the fee
ONDO costs 0.1% to open and 0.1% to close, double most coins, so small quick trades lose more to fees. Set leverage up to 100x.
ONDO: Buy or Sell
Buy for long, Sell for short. Add TP / SL Triggers; fills are at market.
Hold or close ONDO
Funding runs 0.0103% per hour.
When ONDO trades
ONDO trades 24/7. Sector news often lands during US business hours, when asset managers announce products.
ONDO example: a 6% move
$100 margin at 5x through a 6% ONDO move. Note how the higher fee shows up in the cost line.
ONDO worked example
| Ondo trade | Amount |
|---|---|
| ONDO margin | $100 |
| ONDO leverage | 5x |
| ONDO position size | $500 |
| ONDO fee, open + close | $1.00 |
| ONDO funding per 24 h, long / short | $1.23 / $1.23 |
| ONDO +6% | ONDO long +$30.00 (+30% of margin), ONDO short −$30.00 |
| ONDO −6% | ONDO long −$30.00, ONDO short +$30.00 (+30% of margin) |
| ONDO liquidation | not modelled |
ONDO risks to know
- The round-trip fee is 0.1% + 0.1% of position size, which eats into short-term trades.
- Regulatory news on on-chain securities can move the whole sector.
- Unlocks add supply.
Higher fee plus sector concentration.
Ondo FAQ
Can I short ONDO?
Yes. Choose Sell on ONDO · USDT.
Why is the ONDO fee higher?
The tariff sets 0.1% per side on ONDO, the same as BTC, while most coins are lower.
Does the perp pay Treasury yield?
No. It is a price contract on the ONDO token only.
What leverage is available on ONDO?
From 5x to 100x.
Is ONDO backed by Treasuries?
No. Ondo's funds hold Treasuries; the ONDO token is governance only and has no claim on them.
Leverage works both ways: a small move against you can lose you the whole margin.