PerpEquities

Equity · Technology

Ondas Inc. (ONDS) perpetual futures

ONDS perpetual futures on 18 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ONDSUSDT.

Ondas Holdings provides private wireless networks, uncrewed drone systems, and automated data solutions for critical industries like rail, energy, and agriculture.

$5.11-3.7%NASDAQ open
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TradingView symbol NASDAQ:ONDS

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Trading data

Perpetual market activity

18/18 live markets
Venues
18
Live markets
18/18
24h volume
$19.4MCoverage: 15/18 marketsExchange-reported volume: $23.1M
Open interest
$3MCoverage: 14/18 markets
Best liquidity
$3.1M
Ourbit
Tightest spread
+2.0 bps
Bitunix
Highest volume
$9.8M
Deepcoin
Settlement mix
USDT · 16/18
Perp/spot vol.
0.05x
Spot volume $374M
OI / float
+0.11%
Float $2.7B
Spot performance
1D-7.16%
5D+11.53%
1M-20.72%
6M-39.95%
YTD-45.49%
1Y-18.90%

Venue matrix

18 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BinanceTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+11.8 bps$514.1K$3.9M$806.2KUSDT-
BybitTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+17.7 bps$24.3K$714.1K$401.2KUSDT25x
Gate.ioTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+31.5 bps$10.7K$333.3K$195.4KUSDT20x
OKXTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+23.6 bps$23.7K$286K$180.4KUSDT10x
BitgetTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+23.6 bps$584K$251K$479.6KUSDT20x
MEXCTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+11.9 bps$292.8K14 min$219.7K$370.4KUSDT50x
BitunixTradeONDS/USDTTrading$5.11+1.3% APR
+0.00117% every 8h
+2.0 bps$2.3M$151.6K$17.9KUSDT50x
KuCoinTradeONDS/USDTTrading$5.100.0% APR
0.000% every 8h
+59.1 bps$9K$126.3K$239.2KUSDT20x
GRVTTradeONDS/USDTTrading$5.11+3.6% APR
+0.00330% every 8h
+21.7 bps$134.7K$101.3K$783.8USDT-
AsterTradeONDSUSDTTrading$5.110.0% APR
0.000% every 8h
+23.6 bps$49.7K$9.2K$2.8KUSDT-
HTXTradeONDS/USDTTrading$5.100.0% APR
0.000% every 8h
+78.7 bps$101.1K$1.4K$5.9KUSDT-
Crypto.com ExchangeTradeONDS/USDTrading$5.11+106.1% APR
+0.012% every 1h
+39.4 bps$3K$1.2K$1.3KUSD50x
VestTradeONDS/USDCTrading$5.11+9.5% APR
+0.00109% every 1h
+98.5 bps$276.2K--USDC5x
DeepcoinTradeONDS/USDTTrading$5.11-+11.8 bps$112.5K$9.8M-USDT25x
XT.comTradeONDS/USDTTrading$5.09+11.0% APR
+0.010% every 8h
+39.4 bps$2.5K$2.7M-USDT20x
BingXTradeONDS-USDTTrading$5.11+5.5% APR
+0.00500% every 8h
+13.8 bps$461.4K$722.4K-USDT-
OurbitTradeONDS/USDTTrading$5.110.0% APR
0.000% every 8h
+11.8 bps$3.1M$2.1M⚠$136.5KUSDT50x
LBankTradeONDS/USDTTrading$5.100.0% APR
0.000% every 8h
+11.8 bps$239.4K$1.6M⚠$132.4KUSDT50x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 13 of 18 venues absorb $10k · Typical cost: +13.6 bps – +39.4 bps

Too thin: Aster, KuCoin, Crypto.com Exchange, XT.com

No fresh book data: HTX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

ONDS

Tightest spread

ONDS

Highest volume

ONDS

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-12 · next report 2027-03-22 · Updated 2m ago
All financials →

Valuation & key figures

Market cap
$2.95B
Updated 2m ago
Revenue
$331M
Trailing 12 months
Revenue growth
+958%
FY2026 consensus
Profit margin
33.9%
Net income / revenue, TTM
P/E
No P/E
Earnings near zero, a P/E would say nothing
P/S
8.9×
Price / sales, TTM
Peer P/E
19.0×
Similar listed perps
EV / EBITDA
-27.5×
TTM
Free cash flow
-$310M
Trailing 12 months
Net income
$112M
Trailing 12 months
Revenue estimate
$537M
FY2026 consensus
Earnings
2027-03-22
Revenue est. $255M · Updated 2m ago
Dividend
–
No dividend
Revenue (TTM)$331M+1,239.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-125.3%+50.8 pp vs a year agoOperating income -$415M
Net income (TTM)$112M+363.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$310M-794.1% vs a year agoCapex $19.5M
Diluted EPS (TTM)$0.00+100.0% vs a year agoSum of the last 4 quarters
Net cash$783M+80.5% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-12): revenue beat by 13.1%, EPS beat by 22.5%Revenue $167M vs $148M expected (+13.1%); EPS -$0.10 vs -$0.13 (+22.5%).
  • Revenue growth accelerating: 1,558.6% year on yearQ3 '26 revenue $167M, against an average of 881.6% over the four quarters before.
  • Operating margin -125.3% (TTM), +50.8 pp on a year agoOperating income grew -853.1% while revenue grew 1,239.4%.
  • 585.9% of pre-tax profit is non-operatingPre-tax income $85.5M vs operating income -$415M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 394 lines Ondas Holdings Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-03-22
Revenue est. $255M · Updated 2m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.30$539M+1,017%3
FY 2027-0.35$1B+89%3
FY 2028-0.11$1.4B+33%3
FY 20290.28$1.9B+39%1
FY 20300.51$2B+7%1
Q3 2026-0.08$154.5M-1
Source: FMP · Consensus

Company events

6
2027-03-22EarningsActual - / Estimate -0.07-
2026-11-12Earnings · Before market openActual -0.1 / Estimate -0.129Beat
2026-08-13Earnings · Before market openActual -0.19 / Estimate -0.09Miss
2026-05-14EarningsActual 0.805 / Estimate -0.0538Beat
2026-03-23EarningsActual -0.39 / Estimate -0.06Miss
2025-11-13EarningsActual -0.06 / Estimate -0.0388Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 13, 2026, 01:01 PM UTC

Company profile

Sector
Technology
Industry
Communication Equipment
Chief executive
Eric Ashley Brock
Employees
477
IPO date
Dec 4, 2020
Country
US
Exchange
NASDAQ Capital Market
Website
Altman Z-scorei2.37
Piotroski scorei3/9
Overall ratingiB+
Owner earningsi-$61.15M-$0.12 per share
ESG risk ratingiBIndustry rank: 19/56

Rating factors

Return on equityi
4/5
Return on assetsi
4/5
Debt to equityi
5/5
Price to earningsi
1/5
Price to booki
3/5
Market cap history
$3.29B-10.9%Nov 2026 – Nov 2026
$3.29B$3.49B$3.69BHigh: $3.69B · 2026-11-09Latest: $3.29B · 2026-11-12Nov 2026
Latest: $3.29B · 2026-11-12High: $3.69B · 2026-11-09Low: $3.29B · 2026-11-12

Not comparable with the headline: the provider's history counts about 617.64M shares, the headline 582.3M. Shown as the provider reports it. Shown from Nov 9, 2026: earlier points count a different number of shares and are left out.

Largest fund holders
FundWeightShares held
VTI0.01%15.8M
IWM0.12%12.9M
DFNG.L0.97%9.6M
FSSNX0.13%6.1M
VXF0.05%5.8M
VB0.02%5.7M
IWO0.23%4.6M
VMGRX0.94%3.4M
VBK0.05%3.3M
ROBO1.14%3.1M
VTWO0.12%2.8M
ROBE.L1.13%2.6M

Analyst track record

How the analysts covering ONDS have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings77121
Analysts1212
Buy / hold / sell77 / 0 / 0119 / 2 / 0
Upgrades / downgrades / initiations1 / 0 / 31 / 0 / 7
Price targets hit / missed0 / 77 (0%)35 / 83 (30%)
Avg. return after a rating (TipRanks)-67.1%-12.0%
Best / worst call-33.5% / -78.7%+254.7% / -78.7%

After buy calls on this stock: median 21-day move +2.7% vs S&P 500 -0.2% (n = 121)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Max MichaelisLake Street100% hit rate on this stock · 15 targets measuredBuytarget $19.00Sep 14, 2026
  2. Michael LatimoreNorthland Securities92% hit rate on this stock · 13 targets measuredBuytarget $18.00Sep 28, 2026
  3. Matthew GalinkoMaxim Group89% hit rate on this stock · 9 targets measuredBuytarget $18.00Nov 13, 2026

Latest ratings

DateAnalystCallTarget
Nov 13, 2026Amit DayalH.C. WainwrightNov 13, 2026BuyMaintained$25.00↗
Nov 13, 2026Matthew GalinkoMaxim GroupNov 13, 2026BuyMaintained$18.00↗
Nov 13, 2026Austin BohligNeedhamNov 13, 2026BuyMaintained$14.00↗
Nov 13, 2026Timothy HoranOppenheimerNov 13, 2026BuyMaintained$18.00
Oct 12, 2026Amit DayalH.C. WainwrightOct 12, 2026BuyMaintained$25.00↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$6.00$8.00$10.00$12.00$14.00$16.00$18.00$20.00Dec 25 · Buy 9 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 9 · Hold 0 · Sell 0Feb 26 · Buy 9 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 9 · Hold 0 · Sell 0Apr 26 · Buy 9 · Hold 0 · Sell 0Apr 26May 26 · Buy 8 · Hold 0 · Sell 0Jun 26 · Buy 7 · Hold 0 · Sell 0Jun 26Jul 26 · Buy 7 · Hold 0 · Sell 0Aug 26 · Buy 9 · Hold 0 · Sell 0Aug 26Sep 26 · Buy 9 · Hold 0 · Sell 0Oct 26 · Buy 10 · Hold 0 · Sell 0Oct 26Nov 26 · Buy 10 · Hold 0 · Sell 0Dec 25 · avg. target $11.67Jan 26 · avg. target $17.00Feb 26 · avg. target $17.00Mar 26 · avg. target $18.33Apr 26 · avg. target $18.56May 26 · avg. target $19.25Jun 26 · avg. target $20.14Jul 26 · avg. target $19.57Aug 26 · avg. target $19.42Sep 26 · avg. target $19.42Oct 26 · avg. target $18.88Nov 26 · avg. target $18.88Dec 25 · month-end close $9.76Jan 26 · month-end close $10.36Feb 26 · month-end close $10.08Mar 26 · month-end close $9.04Apr 26 · month-end close $10.04May 26 · month-end close $13.22Jun 26 · month-end close $8.24Jul 26 · month-end close $7.49Aug 26 · month-end close $7.66Sep 26 · month-end close $7.33Oct 26 · month-end close $6.32Nov 26 · month-end close $5.34

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 13, 2026 · 77 ratings

Frequently asked questions

Where can I trade ONDS perpetual futures?

Ondas Inc. (ONDS) perpetual futures trade on 18 crypto venues, including Deepcoin, Binance, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade ONDS around the clock?

Yes. Unlike the underlying stock, ONDS perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on ONDS perpetuals?

Right now the ONDS perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +106.1% across 18 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the ONDS perp price compare to the Ondas Inc. stock?

The venue-median ONDS perp mark is $5.11 versus a reference stock price of $5.11, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a ONDS perpetual future?

A ONDS perpetual is a derivative that tracks the price of Ondas Inc. with no expiry date. It lets you take long or short exposure to Ondas Inc. on crypto venues, around the clock.

What is ONDSUSDT perpetual?

ONDSUSDT is the symbol most crypto exchanges use for the Ondas Inc. perpetual settled in USDT (Tether). It tracks the ONDS share price through an index, trades 24/7 with leverage and never expires.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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