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Kwenta Review — Live Volume, OI & Fees

Live Kwenta stats updated every minute: 24h volume, open interest, fees (0.020% maker / 0.060% taker), and up to 100x leverage across 81+ pairs on multiple chains.

discontinuedKwenta wound down after the Synthetix perps sunset — the order book is no longer live. This page is kept as history.

Verdict

8.4/10 · how we rank

The historical record includes named audits and a public acquisition trail. Main trade-off: kwenta is discontinued and is not a live trading option.

Best for

The historical record includes named audits and a public acquisition trailThe page preserves the former fee and market data for research

Avoid if

Kwenta is discontinued and is not a live trading optionThe former referral program is not an active offerHistorical fees, leverage, and markets must not be used as current quotes

Last editorial review 2026-08-11 · live protocol stats refresh every minute — rating is our editorial assessment, not an objective fact.

Rating

8.4/10
Fees
8.8
Security
9.2
Features
8
Liquidity
8.2

Trading Info

Max Leverage100x
Maker Fee0.020%
Taker Fee0.060%
Trading Pairs81+
Launch Date2021-04

Fee Comparison

Maker Taker
Lighter
0 bps
0.0 bps
Paradex
0 bps
0.0 bps
Variational
0 bps
0.0 bps
Vest Markets
1 bps
1.0 bps
DESK
-1 bps
1.8 bps
SynFutures
1 bps
2.0 bps
Extended
0 bps
2.5 bps
Hotstuff
-0.2 bps
2.5 bps
Orderly Network
0 bps
3.0 bps
Ethereal
0 bps
3.0 bps
RISEx
1 bps
3.0 bps
Decibel
1 bps
3.4 bps
NADO
1 bps
3.5 bps
Bluefin
1 bps
3.5 bps
Ondo Perps
1 bps
3.5 bps
01 Exchange
1 bps
3.5 bps
EdgeX
1 bps
3.8 bps
Aster
0 bps
4.0 bps
StandX
1 bps
4.0 bps
Pacifica
1 bps
4.0 bps
Bullet
1 bps
4.0 bps
SunX
2 bps
4.0 bps
Hyperliquid
1 bps
4.5 bps
Hibachi
0 bps
4.5 bps
GRVT
-0.01 bps
4.5 bps
dYdX
1 bps
5.0 bps
Apex Omni
2 bps
5.0 bps
Based
2 bps
5.0 bps
DreamCash
2 bps
5.0 bps
Antarctic
2 bps
5.0 bps
Boros
5 bps
5.0 bps
HyENA
2 bps
5.0 bps
Markets.xyz
5 bps
5.8 bps
Perpl
1 bps
6.9 bps
Aevo
5 bps
8.0 bps
tradeXYZ
3 bps
9.0 bps
Rho X
5 bps
10.0 bps
Kwenta vs market avg:
Maker higher (0.6 bps)Taker higher (2.0 bps)

Advantages

  • The historical record includes named audits and a public acquisition trail
  • The page preserves the former fee and market data for research

Considerations

  • Kwenta is discontinued and is not a live trading option
  • The former referral program is not an active offer
  • Historical fees, leverage, and markets must not be used as current quotes

Kwenta Review 2026

Kwenta is discontinued

Kwenta is no longer a live standalone trading venue. This page is a historical record. It does not show a current offer, fee quote, market list, or referral program.

Security record

The archived record names Macro, Iosiro, Omniscia, and 0xCommit audit work. It also records an Immunefi bug bounty. Audit evidence can help explain the former system, but it does not make the discontinued venue available.

Synthetix continues as a separate protocol and product family. Current Synthetix products need their own current documentation, fee data, and audit review.

Historical fee record

PerpFinder's archived Kwenta record lists a 2 bps maker fee and a 6 bps taker fee. It also records 81 markets and leverage up to 100x. Do not use these values as a current trading quote.

The former Boost NFT referral program advertised a 30% fee rebate. That program is not an active PerpFinder offer. The historical referral URL remains in the source record only for provenance and is blocked from commercial use.

Historical role

Kwenta started in April 2021 as an interface for Synthetix perpetual futures on Optimism. Synthetix acquired Kwenta in 2024 through a token swap. The Kwenta team then joined the Synthetix organization.

The former venue used Synthetix liquidity and oracle inputs. It offered cross-margin accounts and several collateral types during its operating period. These facts describe the former product. They do not describe a live Kwenta market in 2026.

Current status

Do not deposit or trade through an old Kwenta link. Use the live perpetual venue list for current status and data. Historical Kwenta values stay on this page so researchers can identify old claims and links.

PF

PerpFinder Research

Editorial Team

Editorial team tracking 100+ perpetual futures venues with live on-chain and exchange data.

Data reviewed by:PerpFinder Data Team
Editorially reviewed by:PerpFinder Editorial Review
Last editorial review:
Live data last refreshed: (automatic data pipeline — not an editorial review)
Live data from DefiLlama, Coinalyze, exchange APIsNo paid inclusion or paid rankingsUpdated daily — fees, volume, OI tracked continuouslyOpen methodology — see /how-we-test

Independent Site: PerpFinder is not the venues covered on this page and is not affiliated with, endorsed by, or operated by the venues it covers. We do not connect wallets, process deposits, distribute tokens, or verify reward eligibility. Never share a password, seed phrase, or private key with anyone.

Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.

Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.

Key Features

Historical Synthetix liquidity integrationHistorical oracle-based synthetic marketsFormer multi-collateral margin supportFormer cross-margin accountsDiscontinued standalone venue

Audits

Macro (0xMacro)IosiroOmniscia0xCommitImmunefi Bug Bounty

Frequently Asked Questions

What are the trading fees on Kwenta?

Kwenta is discontinued. The archived record lists a 0.02% maker fee and a 0.06% taker fee. These values are historical, not current quotes.

What leverage can you trade with on Kwenta?

The archived record lists leverage up to 100x. Kwenta is discontinued, so this value must not be used as a current limit.

How wide is Kwenta's market selection?

The archived record lists 81 markets. Kwenta is discontinued, so it has no current market catalogue.

How does Kwenta liquidity work?

The former venue used the Synthetix liquidity layer and oracle inputs. This answer describes the historical system only.

Has Kwenta been audited?

The historical record names work by Macro, Iosiro, Omniscia, and 0xCommit. Current Synthetix products require a separate audit review.

What happened when Synthetix acquired Kwenta?

Synthetix acquired Kwenta in 2024, and the Kwenta team joined Synthetix. The standalone Kwenta venue is now discontinued.

How does the Kwenta referral program work?

The former Boost NFT program advertised a 30% fee rebate. The Kwenta referral offer is discontinued and must not be used.

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