# Spot Trading Is Now Live, Bringing the Basis Trade to a Single Platform Published: 2026-09-28T14:52:00.000Z Author: Ondo Perps URL: https://ondoperps.xyz/blog/spot-trading-is-live Spot trading for Ondo Stocks on a central limit order book is now live on Ondo Perps. Traders can buy tokenized stocks and ETFs 24/7 at current market prices and immediately transfer holdings to serve as collateral backing perpetual futures positions. This brings every step of the basis trade onto… --- Spot trading for Ondo Stocks on a central limit order book is now live on Ondo Perps. Traders can buy tokenized stocks and ETFs 24/7 at current market prices and immediately transfer holdings to serve as collateral backing perpetual futures positions. This brings every step of the basis trade onto a single platform. Traders can buy and hold a spot asset, use it as collateral, and short the corresponding perpetual to hedge directional exposure while collecting funding when rates are positive. Because the spot holding doubles as long exposure and collateral, it significantly increases capital efficiency, while also eliminating the operational risks and complexities of having to manage positions across venues when executing a delta-neutral strategy. The launch also marks the first time Ondo Stocks are available for permissionless trading on a spot central limit order book. To celebrate the launch of spot trading on Ondo Perps, there are zero trading fees on all spot markets for the first 30 days. Now Live: 12 Ondo Stocks With Corresponding Perps The following tokenized assets are available for spot trading, supported as collateral, and paired with corresponding perpetual markets: Circle Internet Group (CRCLon) Roundhill Memory ETF (DRAMon) iShares Silver Trust (SLVon) SPDR S&P 500 ETF (SPYon) SPDR Gold Shares (GLDon) Micron Technology (MUon) Invesco QQQ (QQQon) Alphabet (GOOGLon) Sandisk (SNDKon) NVIDIA (NVDAon) SpaceX (SPCXon) Tesla (TSLAon) How It Works: Execute the Basis Trade End-to-End on a Single Platform The basis trade pairs a long spot holding with a short position in the corresponding perpetual future. The positions are designed to offset directional price exposure, while the short can receive funding payments when funding is positive. Consider a trader pursuing a delta-neutral strategy with NVDA. If NVDA rises, gains on the holding help offset losses on the short. If NVDA falls, gains on the short help offset losses on the holding. When funding is positive, longs pay shorts, creating an opportunity to earn funding while maintaining reduced directional exposure. Previously, traders needed to acquire spot on a separate platform or venue to hedge their perps positions. Now, traders can establish and manage both legs on a single platform: Deposit USDC: Add USDC to your spot wallet to purchase tokenized assets. Buy and transfer in one step: Buy NVDAon on the Ondo Perps spot order book and transfer it into your perps wallet as collateral (select automatic transfer on the order form) in a single click. Short the corresponding perp: Open a short NVDA perpetual position sized to hedge the spot holding. Collect funding: Receive funding payments on the short NVDA perp when funding rates are positive, while the spot holding helps offset directional price exposure. Manage the position: Monitor funding rates, margin levels, and hedge sizing. Adjust or close the trade as conditions change, including if funding turns negative. Asset acquisition, collateral deployment, and delta-neutral hedging now sit in a single workflow. Why It Matters: Eliminate Risks on a Platform Built for Best-In-Class Liquidity Managing Positions on a Single Platform Eliminates Risks When a trader holds the spot asset on one exchange and the short perp on another, they must coordinate orders, monitor balances, and manage risk across two systems. If one platform or venue is unavailable or an order fails to fill, adjusting or closing one leg can leave the other exposed to price movements. Bringing both legs onto Ondo Perps makes it easier to monitor the combined position and coordinate changes from a single platform. Orders still execute separately, but traders no longer need to switch between platforms and venues to manage the hedge. Increased Capital Efficiency When a trader holds spot on one platform or venue and shorts the corresponding perp on another, they fund the asset purchase and perp margin separately. More capital is required to support the same economic exposure because the spot holding cannot also serve as collateral. On Ondo Perps, eligible tokenized holdings serve as both the hedge and margin backing the short. That means each dollar committed can support more trading exposure. Higher Capital Efficiency Attracts Deeper Liquidity Using tokenized stocks as both hedge and collateral also improves the economics of market making. A market maker who sells an NVDA perp can buy NVDAon to hedge and use that same holding as margin. Reducing the capital required to support the position improves the potential return on each dollar deployed, making liquidity provision more attractive. That creates the conditions for a reinforcing cycle. Returns attract more market-making capital. More capital supports larger orders and tighter spreads, giving traders better execution and less slippage. Better execution attracts more trading activity, creating more opportunities for market makers to earn and reinvest in liquidity. What’s Next: Building Toward Onchain Prime Brokerage Tokenized stocks become more useful when the infrastructure around them connects. Ondo Stocks opened access to tokenized equities and ETFs, deploying them as collateral made those holdings productive, and now spot trading on Ondo Perps means a delta-neutral strategy can be executed end-to-end on a single platform. This is how Ondo’s onchain prime brokerage vision takes shape. Each capability builds on the last, bringing more of the tools for deploying capital and managing exposure into a single platform. Executing the basis trade on Ondo Perps is one example of how combining assets, markets, and margin can improve the economics of trading. This is just the beginning, with more advanced trading tools, more collateral options, and more ways to gain exposure to the world’s most in-demand assets on the way. Ready to build a basis trade? Buy Ondo Stocks on Ondo Perps. *Fee-free trading is for a limited time only. Terms and conditions apply: ondoperps.xyz/legal/terms-of-use*