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Markets

Last updated: Feb 24, 2026

All markets on Synthetix are perpetual futures quoted and settled in USDT on Ethereum Mainnet.

Listed markets

MarketMin trade sizeTick sizeMax market orderMax limit orderOI notional capOI size cap
BTC-USDT0.001 BTC$1.00100 BTC1,000 BTC$30M350 BTC
ETH-USDT0.01 ETH$0.101,000 ETH1,000 ETH$20M6,500 ETH
SOL-USDT0.1 SOL$0.0120,000 SOL200,000 SOL$20M150,000 SOL
XRP-USDT10 XRP$0.0001200,000 XRP2,000,000 XRP$15M8,000,000 XRP
DOGE-USDT100 DOGE$0.000012,000,000 DOGE20,000,000 DOGE$10M50,000,000 DOGE
ZEC-USDT0.1 ZEC$0.01750 ZEC7,500 ZEC$10M20,000 ZEC
FARTCOIN-USDT100$0.00001300,0003,000,000$6M30,000,000
1000PEPE-USDT1,000$0.00000135,000,000350,000,000$10M1,500,000,000
XMR-USDT0.1 XMR$0.01400 XMR4,000 XMR$8M16,000 XMR
PUMP-USDT10,000$0.00000120,000,000200,000,000$6M2,500,000,000

Risk parameters by market

MarketDefault leverageMax leverageLiq. clearance feeFunding capPrice cap
BTC-USDT25×50×0.5%±2%±5%
ETH-USDT25×50×0.5%±2%±5%
SOL-USDT20×50×1.0%±4%±10%
XRP-USDT20×50×1.0%±4%±15%
DOGE-USDT20×50×1.0%±4%±15%
ZEC-USDT10×25×1.5%±8%±15%
FARTCOIN-USDT5×10×2.0%±8%±25%
1000PEPE-USDT10×25×1.5%±8%±15%
XMR-USDT5×10×2.0%±6%±15%
PUMP-USDT5×10×2.0%±8%±25%

Price cap — orders cannot execute more than this percentage above (buys) or below (sells) the current mark price. Protects against manipulation and extreme slippage.

Funding cap — the maximum funding rate per 8-hour period. Caps apply in both directions.

Liquidation clearance fee — charged on the notional value of a liquidated position. Paid to the liquidator. See Fees.

Leverage tiers

Maximum leverage decreases as position size grows. See Leverage & Margin for the full tier table per market.

Quick reference — max leverage by notional size:
MarketUp to $1–3M$3–20M$20–150M$150M+
BTC-USDT50×50×25×10× or less
ETH-USDT50×50×25×10× or less
SOL-USDT50×25×10×5× or less
XRP/DOGE50×25×10×5× or less
ZEC/1000PEPE25×10×5×2× or less
FARTCOIN/PUMP10×5×2×1×
XMR10×5×2×1×

Open interest limits

OI limits prevent any single market from accumulating excessive directional exposure. When a market reaches 80% of its OI cap, new orders that would increase OI may be blocked.

MarketOI notional capOI size capOI enforcement threshold
BTC-USDT$30M350 BTC80%
ETH-USDT$20M6,500 ETH80%
SOL-USDT$20M150,000 SOL80%
XRP-USDT$15M8,000,000 XRP80%
DOGE-USDT$10M50,000,000 DOGE80%
ZEC-USDT$10M20,000 ZEC80%
FARTCOIN-USDT$6M30,000,00080%
1000PEPE-USDT$10M1,500,000,00080%
XMR-USDT$8M16,000 XMR80%
PUMP-USDT$6M2,500,000,00080%

The effective OI cap is whichever limit — notional or size — is reached first.

Orders that would reduce open interest (closing or reducing positions) are always permitted even when the OI cap is reached.

See Open Interest Limits for detailed mechanics on what happens when a limit is reached.