Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault.
Order Book
Connecting…Price Chart: SNX
Largest Bid Walls
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Largest Ask Walls
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SNX Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, SNX funding has averaged 0.00125% per hour, an annualised rate of 10.9%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.00125%. Work out what this costs on your own position with the funding rate calculator.
SNX funding & market FAQ
What is the current SNX funding rate?
The current SNX funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00125%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on SNX right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does SNX open interest tell me?
SNX currently has $477,040 of open interest, ranking #266 of 533 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a SNX position?
At the current mark price of $0.256050, a 10x long would be liquidated around $0.230445 and a 10x short around $0.281655. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade SNX perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's SNX positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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