Squeeze Insights Lab
All Pairs

ONDO/USDT

Last updated: 11/1/2026, 4:50:41 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0180–1
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)
0.641
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
+3.8%
OI Δ 7d
-13.9%
OI acceleration
+12.3%
ΔFunding 24h
+0.000%
|Funding| %ile
94
Vol compression
95
Volume spike
0
Perp basis
-0.121%

Stress-score timeline

StressPulse
00.5108-0508-2309-0909-2710-1511-02
2026-08-05 → 2026-11-02 · daily snapshots since tracking began

Aggregated Open Interest (All Exchanges)

Total OI
$97.55M
Binance
$41.96M
43.0%
Bybit
$47.30M
48.5%
KuCoin
$8.28M
8.5%
Market Cap
$1.99B
Market Cap / Aggregated OI
$1.99B / $97.55M= 20.4238

Risk Signals (Extra)

OI / Volume (24h)
2.329
Level: high
Exchange OI Dominance
bybit
Share: 48.5%
No dominance risk

Liquidation history

Long-side 90% of 30d liqstoday: 0th percentile of 90d
$2.7M$2.5M$008-0308-2109-0809-2510-1310-31
Long liqs (above) Short liqs (below)

Positioning summary

Of the ~500 Hyperliquid accounts we track, 9 hold ONDO: $834.1K long across 2 positions and $3.06M short across 7 positions — net $2.23M short. No tracked liquidation level sits within 60% of the $0.39061 Hyperliquid mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$41.96M
ΔOI
-$1.37M

Funding Rate

Coinalyze
Latest
0.0050%
Points
24
Per-exchange futures data
▾
MetricBinanceBybitKuCoin
Price$0.4143$0.414$0.4143
OI (USD)$41.96M$47.30M$8.28M
OI share43.0%48.5%8.5%
OI (tokens)101,279,255114,256,27919,997,570
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
$1.99B
24h Liquidations
$2.45K
Token Symbol
ONDO
Sources
CMC, Coinalyze

ONDO sits in the BTC-trackers cohort. These perpetuals trade alike, 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, $2.4K 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 $97.55M: $41.96M on Binance (43%), $47.30M on Bybit (48%) and $8.28M on KuCoin (8%). That position base is +3.8% over 24 hours and -13.9% over the last week. Open interest is 2.33× 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, 9 hold positions of $100k or more in ONDO: $834.1K long across 2 and $3.06M short across 7 — a net $2.23M short. At the start of the tracked week that net figure was $2.18M short. 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 0.018 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 ($1.99B of market cap against $97.55M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($2.4K 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, 90% of the ONDO notional that got liquidated was long positions and 10% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 0th 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 0.018 out of 1.0 (low risk), $97.55M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 1, 2026. These are diagnostic readings of market conditions, not a trade signal.