What is Synthetix Perps (Base)?
Synthetix perpetuals on Base are closed. The market went close-only on 30 June 2025 and shut fully on 7 July 2025, as Synthetix moved its focus to Ethereum Mainnet.
Synthetix announced the change in a blog post titled L2s are Dead, Long Live Ethereum. Base positions had to be closed before the final shutdown.
The new Synthetix exchange runs on Ethereum Mainnet with ETH and USDT margin and order types such as stop loss, take profit, scaled and TWAP orders.
Trading fees on the Mainnet exchange fund SNX buybacks, according to Synthetix.
This entry stays for anyone searching for the old Base market. Its Maturity score reflects that the product no longer operates.
Good fit for
- Former Base users looking for the Synthetix successor
- Readers checking whether old Synthetix guides still apply
Not ideal for
- Anyone wanting to trade perps on Base
- Traders who want low L2 gas
Synthetix Perps (Base) Atlas AI Score
4.1 / 10 Limited
Confidence: High
Synthetix on Base is closed and cannot be used. Former users can move to Synthetix on Ethereum Mainnet or pick another Base perps venue.
No usable features on Base.
No Base fees; Mainnet fee use stated.
Self-custodial protocol with an orderly shutdown.
Closed on Base since July 2025.
Shutdown clearly announced and dated.
Scored by AI from official sources on October 27, 2026. No hands-on testing or security audit. How we score
Synthetix Perps (Base) features
- Status
- Closed on Base
- Close-only date
- 30 June 2025
- Shutdown date
- 7 July 2025
- Successor
- Synthetix perps on Ethereum Mainnet
- Mainnet margin
- ETH and USDT
- Mainnet orders
- Stop loss, take profit, scaled, TWAP
Synthetix Perps (Base) fees
Synthetix perps on Base no longer take trades, so there is no current fee on Base.
Synthetix now runs perps on Ethereum Mainnet. Its trading fees go toward SNX buybacks; check the current exchange for rates.
Synthetix Perps (Base) pros and cons
Pros
- Clear, dated shutdown notice
- Successor product exists on Mainnet
- Self-custodial design
Cons
- No longer usable on Base
- Mainnet gas is higher than Base
- Old guides online are out of date
Synthetix Perps (Base) vs Deribit vs GMX
The closest alternatives in our catalog: same market first, then the highest-scoring products.
| Feature | Synthetix Perps (Base) | Deribit | GMX |
|---|---|---|---|
| Type | Former perpetual futures market on Base, now closed | Centralized crypto options and futures exchange, owned by Coinbase | Decentralized perpetual and spot exchange with pool-based liquidity |
| Platform | Web · Base (closed); Ethereum Mainnet (current) | Web, iOS, Android, REST/WebSocket/FIX API, testnet · BTC, ETH, SOL and more | Web (app.gmx.io) · Arbitrum, Avalanche, MegaETH, Solana · deposits from Ethereum, Base, BNB Chain · SDK and API |
| Trading fee | Closed on Base | Options 0.03% of underlying (cap 12.5% of premium); perps/futures 0.015% maker, 0.035% taker | 0.04%-0.06% open/close on most markets; swaps 0.05%-0.07%; plus price impact, funding, borrowing and gas |
| Custody | Self-custodial | Custodial exchange accounts with KYC; not available in the US and other restricted regions | Non-custodial; trades settle from your own wallet or GMX Account |
| Telegram | Not published | Not published | Not published |
| Atlas AI Score | 4.1 / 10 | 8.5 / 10 | 8.3 / 10 |
| Confidence | High | High | High |
Compare side by side: Synthetix Perps (Base) vs Deribit vs GMX
How to get started with Synthetix Perps (Base)
- Read the shutdown post on blog.synthetix.io.
- Visit synthetix.io for the Ethereum Mainnet exchange.
- Look elsewhere if you need perps on Base.
