US small-cap benchmark.
Ranked by estimated one-way entry cost. Compare the chain, market price, effective fill, fees, size capacity and wrapper risk before choosing a venue.
| # | Route / product | Chain | Market price | Effective fill | Exposure units | Spread + fees | Impact | Total entry | Size fit | Risk | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IWMon LOWEST ENTRY Ondo GM primary Backed token | Ethereum / Solana 24/5 (halts on weekends for some names) | $268.10 at reference | $268.44 | 37.30 | $12.80 | $0.00 | $12.80 12.8 bps | Deep NAV route · no modelled impact | Moderate | Trade ↗ |
Target exposure excludes entry cost; “total entry” is added to the notional. Backed-token and broker-route quotes retain transparent execution assumptions where a venue does not publish depth. Prices, liquidity, volume, OI and funding refresh through the StonkSaver API. Bridging is excluded.
Round trip: enter, hold for 1 month, exit. Excludes bridging costs and bridging routes — v1 assumes you already hold stablecoins on the settlement chain.
| Instrument | Type | Spread | Fee | Impact | Gas | Entry | Funding 1 month | Round trip | as bps |
|---|---|---|---|---|---|---|---|---|---|
IWMon Ondo Global Markets | Backed token | $1.00 | $10.00 | $0.00 | $1.80 | $12.80 | — | $25.60 | 25.6 bps |
Sorted by round-trip cost. Cheapest is not "best" — a perp costs less to enter and more to hold, and it gives you none of the ownership rights below.
The same price exposure, very different legal and custodial reality.
| Question | IWMon Ondo Global Markets |
|---|---|
| What is it? | Backed token |
| Do I receive dividends? | Yes — paid out |
| Can I withdraw it to my wallet? | Yes |
| Are transfers restricted? | Yes — allowlist |
| Can the issuer freeze it? | Yes |
| Who holds the underlying? | US broker-dealer / qualified custodian |
| Can I redeem it? | Yes — KYC required |
| Am I paying funding? | No |
| Can I borrow against it? | Not yet |
| When can I trade it? | 24/5 (halts on weekends for some names) |
| Where does it settle? | Ethereum / Solana |
Tokenized US equities and ETFs issued against 1:1 held shares, with programmatic mint and redeem for verified users during and outside US market hours.