Live Data

Synthetix (SNX) Perpetual Futures

Synthetix (SNX) Perpetual Futures — Live Data

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.

Where to Trade Synthetix (SNX) Perpetual Futures

Synthetix (SNX) perpetual futures are available on 7 exchanges. The venue cards compare fees, leverage, and features for trading SNX perps.

Hyperliquid

Hyperliquid L1

Maker Fee

0.015%

Taker Fee

0.045%

Max Leverage

40x

Rating

9.2/10

Trade SNX Review

dYdX

dYdX Chain (Cosmos)

Maker Fee

0.010%

Taker Fee

0.050%

Max Leverage

50x

Rating

9.0/10

Trade SNX Review

Gains Network

Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana

Position Fee

0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads

Max Leverage

1000x

Rating

8.0/10

Trade SNX Review

SynFutures

Base

Maker Fee

0.010%

Taker Fee

0.020%

Max Leverage

100x

Rating

7.8/10

Trade SNX Review

Orderly Network

NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI

Maker Fee

Free

Taker Fee

0.030%

Max Leverage

50x

Rating

7.8/10

Trade SNX Review

DESK

Arbitrum, Base

Maker Fee

-0.010%

Taker Fee

0.017%

Max Leverage

1000x

Rating

7.8/10

Trade SNX Review

Aevo

Aevo L2

Maker Fee

0.050%

Taker Fee

0.080%

Max Leverage

20x

Rating

7.5/10

Trade SNX Review

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

Funding Rates Open Interest Liquidations Fee Comparison Exchange Deals

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