Synthetic trading – capacity reached

A professional, cross-margin venue for trading synthetics on ETH, USDC, cbETH, wstETH, AERO, DEGEN and BRETT with USDC collateral. Access is currently fully allocated; new desks are onboarded gradually via a curated waitlist.

Closed beta · Access full

Notional open interest$6.61MTotal open positions across listed synthetic markets.

24h volume$272kNotional traded over the last 7 days.

Active accounts143 desksMix of funds, market makers and advanced traders.

Venue capacity100% used

Additional seats opened as liquidity and risk buffers grow.

Key synthetic markets

MarketPairOI24h vol.8h funding

ETH PerpetualETH-PERP / USDC$1.05M$34k+0.011%

USDC Synthetic RateUSDC / USDx$2.77M$142k-0.002%

cbETH PerpetualcbETH-PERP / USDC$1.32M$53k+0.008%

wstETH PerpetualwstETH-PERP / USDC$0.80M$19k+0.013%

AERO PerpetualAERO-PERP / USDC$0.3M$13k-0.006%

DEGEN PerpetualDEGEN-PERP / USDC$0.14M$3k+0.019%

BRETT PerpetualBRETT-PERP / USDC$0.23M$8k+0.015%

Back to staking app

Built for professional flow

The synthetic venue is structured around risk-aware, institutional-style participants.

Funds & prop desks

Access synthetics on Base blue-chip and meme markets with clear fee schedules, reporting and risk limits aligned with fund operations.

Market makers

Run liquidity strategies, arbitrage and inventory hedging against other perp or spot venues using ETH, wstETH, AERO, DEGEN, BRETT and more.

Advanced traders

Directional, basis or volatility strategies with transparent margin framework, USDC collateral and segregated risk limits per market.

Synthetic · Trader waitlist

Request access while venue capacity is full

All current risk limits are fully allocated. We maintain a curated waitlist and onboard new desks in controlled waves to protect liquidity providers and venue stability.

Priority for desks with proven derivatives volume.
Clear expectations on risk reporting and compliance.
Support for custom routing, execution and integrations.