Live data
Synthetix (SNX) perpetual futures
Live funding rates, open interest, and measured trade costs for Synthetix. 8 venues in the PerpFinder venue map list SNX perps.
At a glance
This SNX funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists SNX.
- Highest annualized funding
- +10.95%Hyperliquid
- Lowest annualized funding
- 0.00%dYdX
More
The highest listed annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
Only Hyperliquid reports open interest of the 2 listed venues, so there is no executable spread.
Hyperliquid reports $320.6k of open interest across the venues in this snapshot that publish it.
The SNX price in this snapshot comes from Hyperliquid at $0.2181.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquidLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. SNX is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Synthetix (SNX) Perpetual Futures
7 of the 8 venues that list SNX perps have a PerpFinder review page. The table compares fees, leverage, and features for those 7.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | SNX → | |
| 0.010% | 0.050% | 50x | 9.0 | SNX → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | SNX → | ||
| 0.010% | 0.020% | 100x | 7.8 | SNX → | |
| Free | 0.030% | 50x | 7.8 | SNX → | |
| -0.010% | 0.017% | 1000x | 7.8 | SNX → | |
| 0.050% | 0.080% | 20x | 7.5 | SNX → | |
Market Overview
Synthetix is a decentralized derivatives liquidity protocol that powers synthetic assets and perpetual futures on-chain. SNX perpetual futures on centralized exchanges let traders speculate on the growth of one of DeFi's earliest derivatives protocols. SNX perps are closely tied to the performance of the Synthetix platform itself, where stakers provide collateral backing synthetic derivatives markets.
Synthetix is derivatives infrastructure in its own right — SNX staking has historically backed synthetic assets and perp markets built on the protocol. Trading SNX perps on other venues is thus a second-order position: leverage on a protocol whose fortunes track on-chain derivatives adoption.
Trading Tips for Synthetix Perps
SNX staking yield and protocol fees are directly linked to derivatives volume on Synthetix. Track Synthetix protocol volume and active debt pool size — rising on-chain derivatives activity tends to precede SNX price moves as staker yields improve.
Frequently Asked Questions — Synthetix (SNX)
What is the current SNX perpetual futures funding rate?
The live Synthetix (SNX) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists SNX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest SNX perp trading fees?
Among 6 tracked SNX venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Synthetix open interest compare across exchanges?
The Synthetix (SNX) open-interest chart shows the total value of outstanding SNX derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the SNX long/short ratio indicate?
The Synthetix long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade SNX perpetual futures?
Synthetix (SNX) perps are listed on 7 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 2 more. The "Where to Trade Synthetix (SNX) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized