Ondo PerpsDiscount code
5% off trading fees
Ondo Perps referral code: KFSLR8. Sign up with this code to get 5% off trading fees.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- A welcome offer pays up to 1,111 USDC to first-time traders who reach six stacked tiers of net funding and taker volume.
- Who it affects
- Eligible new Ondo Perps users, and existing users who have never placed a perps or spot trade before 10 November.
- When
- 10 November 00:00 UTC to 9 December 23:59 UTC, or earlier if the 60,000 USDC pool runs out; payouts are expected by 17 December.
Add Exchange.news as a preferred source on Google
Up to 1,111 USDC for traders who have never traded on Ondo Perps
Ondo Perps announced a welcome offer for first-time traders on its official X account and in an announcement on its app on 10 November 2026. Called the 11.11 Welcome Offer, it lets eligible traders who have never placed a trade on the platform unlock up to 1,111 USDC in rewards.
The offer runs for 30 days, from 10 November 00:00 UTC to 9 December 23:59 UTC. Rewards come from a single pool of 60,000 USDC, and each reward tier asks for two things at once: money brought onto Ondo Perps and kept there, and trading volume from orders that fill instantly.
Six tiers that stack
There are six tiers. The first needs $1,000 of net funding and $20,000 of taker volume and pays 5 USDC. The second needs $2,000 and $50,000 and brings the total to 10 USDC. From there the levels climb quickly: $5,000 and $300,000 for 50 USDC in total, $10,000 and $1 million for 120 USDC, $20,000 and $3 million for 400 USDC, and $50,000 of net funding with $5 million of taker volume for the full 1,111 USDC.
The rewards are cumulative, so the totals already include the lower tiers: reaching tier 3 pays 50 USDC, not 50 USDC on top of the first two. A tier counts only when both of its numbers are met, and each tier pays once per verified account. In practice the volume requirement is the harder part for most people. At the top tier, $5 million of volume is one hundred times the $50,000 that has to stay on the platform.
How funding and volume are counted
Net funding is everything you transfer into your Ondo Perps wallet minus everything you transfer out, counted from 10 November 00:00 UTC. Deposits made before that moment do not count, and trading losses are not treated as transfers out, so a losing trade does not by itself push you below a tier.
The funding has to stay on the platform until 9 December 23:59 UTC. Partial withdrawals are allowed, but a transfer that takes your net funding below a tier's level cancels that tier's reward, while tiers whose level is still met are kept. For example, someone who funds $5,000 and reaches $300,000 of taker volume has unlocked 50 USDC. If they later withdraw $1,000, their net funding falls to $4,000, which cancels tier 3 and leaves tiers 1 and 2, worth 10 USDC.
Only taker trades count toward volume: perps and spot orders that fill straight away, such as market orders. Volume is the notional value of those filled trades from your first trade to the end of the campaign. Maker orders that rest on the order book, API trades, and wash or self-trades are excluded.
Who qualifies, the pool cap and payouts
The offer is open to new Ondo Perps users and to existing users who have never placed a perps or spot trade before 10 November 00:00 UTC. Ondo says no code or registration is needed: the campaign starts with your first trade.
The 60,000 USDC pool is allocated in the order tiers are reached, and the campaign may end early once it is used up, so a tier reached late is not guaranteed a payout. Rewards are credited in USDC to the Transfer page after the campaign ends and anti-sybil checks are complete. The announcement expects this about seven business days after the end, and the X thread gives 17 December. Ondo Perps can change, suspend or end the campaign and disqualify participants for abuse.
Taking part does not remove you from other programs: Ondo says participants remain eligible for its USDC Rewards, Points Program and other campaigns. The disclaimer attached to the thread says the platform is not available to persons located in, incorporated in or operating from Panama, the US, the European Union, the United Kingdom or Canada, or to sanctioned persons. Perpetual futures are leveraged products, and trading millions in volume to reach a reward can cost far more in fees and losses than the reward itself.
How it fits with Ondo's other offers
Unlike Ondo's other running programs, this offer is only for people who have not traded on Ondo Perps yet. The weekly USDC rewards, boosted to 280,000 USDC this week, pay all eligible traders for liquidity, volume and open interest. The referral boost that ends on 11 November pays a referred trader $20 for keeping a $500 net deposit and trading $2,000. For a first-time trader, the lowest welcome tier asks for twice that deposit and ten times that volume to earn 5 USDC, so the welcome offer mainly rewards people who plan to trade in size.
Where to keep the USDC you earn
The rewards land on your Ondo Perps Transfer page, and the funding you bring has to stay on the platform until 9 December to keep each tier. After the campaign, if you would rather move some USDC to a wallet you control yourself, two self-custody options fit well. The Base app at base.app is Coinbase's own self-custody wallet app, and Phantom, covered in the box below, is a self-custody wallet that works across several blockchains. Check that the network you withdraw on is one the wallet supports for USDC before sending.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Welcome offer opens (00:00 UTC)Date passed
- Welcome offer closes (23:59 UTC)Upcoming date
PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes. Sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
