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Synthetix (SNX) Perpetual Futures

Synthetix (SNX) Perpetual Futures — Live Data

Trade SNXon 8 exchangesHyperliquid logoOpen on Hyperliquid

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.

SNX Perps Data — DeFi Category

This page presents perpetual futures analytics for DeFi protocol tokens, covering trading volume, open interest, funding rates, and liquidation data across major exchanges. DeFi perp data is particularly valuable when cross-referenced with on-chain TVL metrics — tokens with rising open interest but declining TVL often face mean-reversion pressure. Funding rate divergences between DeFi governance tokens can signal which protocols are attracting speculative positioning ahead of governance votes or fee-switch proposals. Volume spikes in DeFi perps frequently coincide with yield farming rotations and liquidity mining events.

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.

Where to Trade Synthetix (SNX) Perpetual Futures

Synthetix (SNX) perpetual futures are available on 8 exchanges. Compare fees, leverage, and features below to find the best platform for trading SNX perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Trade SNXReview
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
100x
Rating
9.0/5
Trade SNXReview
Kwenta logo
Kwenta
Base, Optimism
Maker Fee
0.020%
Taker Fee
0.060%
Max Leverage
100x
Rating
8.4/5
Trade SNXReview
Gains Network logo
Gains Network
Arbitrum, Polygon, Base
Maker Fee
0.080%
Taker Fee
0.080%
Max Leverage
1000x
Rating
8.0/5
Trade SNXReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Trade SNXReview
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/5
Trade SNXReview
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/5
Trade SNXReview
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/5
Trade SNXReview

Frequently Asked Questions — Synthetix (SNX)

What is the current SNX perpetual futures funding rate?▼
The live Synthetix (SNX) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing 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?▼
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 SNX perpetual futures trade across all major exchanges. Compare fees for SNX perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Synthetix open interest compare across exchanges?▼
Synthetix (SNX) open interest is broken down by exchange in the chart above, showing the total value of outstanding SNX derivative contracts on each platform. 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 currently listed on 8 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

Category: DeFi · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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