Squeeze Insights Lab
All Pairs

ONDO/USDT

Last updated: 9/15/2026, 3:50:52 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0280–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.504
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-2.0%
OI Δ 7d
-7.8%
OI acceleration
-5.3%
ΔFunding 24h
+0.000%
|Funding| %ile
90
Vol compression
90
Volume spike
0
Perp basis
-0.085%

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1108-2809-15
2026-06-182026-09-15 · daily snapshots since tracking began

Recent track record

18/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 7/163d · 6/147d · 5/10
2026-09-141d▼ DN+0.6%
2026-09-131d▼ DN+1.0%
2026-09-121d▼ DN-0.9%
2026-09-123d▼ DN+0.8%
2026-09-111d▼ DN+0.8%
2026-09-113d▼ DN+0.9%
2026-09-101d▼ DN-3.6%
2026-09-103d▼ DN-3.7%
2026-09-091d▼ DN-2.6%
2026-09-093d▼ DN-5.5%

Aggregated Open Interest (All Exchanges)

Total OI
$96.90M
Binance
$41.14M
42.5%
Bybit
$44.19M
45.6%
KuCoin
$11.56M
11.9%
Market Cap
$1.74B
Market Cap / Aggregated OI
$1.74B / $96.90M= 17.9659

Risk Signals (Extra)

OI / Volume (24h)
1.255
Level: high
Exchange OI Dominance
bybit
Share: 45.6%
No dominance risk

Liquidation history

Long-side 85% of 30d liqstoday: 21st percentile of 90d
$2.7M$656.0K$006-1807-0607-2408-1008-2809-15
Long liqs (above) Short liqs (below)

Positioning summary

Of the ~500 Hyperliquid accounts we track, 7 hold ONDO: $5.08M long across 3 positions and $2.84M short across 4 positions — net $2.24M long. No tracked liquidation level sits within 60% of the $0.33206 Hyperliquid mark. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$41.14M
ΔOI
-$993.18K

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.3525$0.3525$0.3525
OI (USD)$41.14M$44.19M$11.56M
OI share42.5%45.6%11.9%
OI (tokens)116,716,638125,371,14832,795,140
Funding rate0.0050%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$1.74B
24h Liquidations
$59.64K
Token Symbol
ONDO
Sources
CMC, Coinalyze

ONDO sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way ONDO's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

ONDO perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are ONDO's current liquidation levels?

Across the exchanges we aggregate, $59.6K of ONDO positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for ONDOUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does ONDO have right now?

Aggregated open interest in ONDO perpetuals is $96.90M: $41.14M on Binance (42%), $44.19M on Bybit (46%) and $11.56M on KuCoin (12%). That position base is -2.0% over 24 hours and -7.8% over the last week. Open interest is 1.25× the pair's 24-hour volume, so positions are being held rather than churned.

What is ONDO's funding rate?

Binance settles ONDOUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Are whales long or short ONDO?

Among the ~500 largest Hyperliquid accounts we track, 7 hold positions of $100k or more in ONDO: $5.08M long across 3 and $2.84M short across 4 — a net $2.24M long. At the start of the tracked week that net figure was $3.66M long. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and ONDO is one of them.

Is ONDO over-leveraged right now?

ONDO's leverage-stress score is 0.028 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($1.74B of market cap against $96.90M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($59.6K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has ONDO seen heavy liquidations lately?

Over the last 30 complete days, 85% of the ONDO notional that got liquidated was long positions and 15% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 21st percentile of the last 90 days, meaning today is unusually quiet for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

ONDO/USDT (ONDOUSDT) perpetual futures shows a leverage-stress score of 0.028 out of 1.0 (low risk), $96.90M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.