What it does
SynFutures combines an onchain order book and AMM liquidity for perpetual contracts. Its tokenized-stock and ETF service uses Anchored infrastructure and a separate trading balance. The two products have different execution, fee and market-hour rules.
Perpetual orders and liquidity
Connect a wallet, match the network and fund Portfolio. In Trade, select a pair, choose buy or sell and enter the size. The preview shows required margin, price impact and trading fee before wallet confirmation. Unfilled orders appear under Open Order; filled contracts appear as positions.
Leaving a V3 liquidity position takes two steps. Remove converts it into a trading position, then Manage and Close exit that position. Stopping after removal can leave contract exposure.
The selected BTC-USDC-PERP and ETH-USDC-PERP fee schedule lists a regular 0.05% taker rate and zero maker rate. Monthly taker-volume discounts apply only to the eligible pairs.
Tokenized-stock trading
This service uses mUSD as purchasing-power accounting, not a transferable stablecoin. Its API distinguishes wallet holdings from exchange balances, and final settlement may follow the initial onchain transaction.
The RWA FAQ lists 0.11% buy, 0.01% sell and 0.21% withdrawal charges, with no deposit fee. Market orders execute during regular US market hours; limit orders can wait for regular or supported extended hours. Tokenized holdings can be redeemed for USDC, not delivered as underlying shares.
RWA access excludes jurisdictions including the United States, China and Philippines. Check the specific product and market conditions before funding, since a familiar stock ticker does not mean the perpetual and tokenized-stock workflows are interchangeable.
Strengths
- Order and position views distinguish pending from filled exposure
- Explicit two-step liquidity exit instructions
- Separate RWA balance and settlement API model
Watch out for
- Removing perpetual liquidity can leave a trading position to close
- Tokenized-stock execution depends on market hours
- RWA redemptions return USDC rather than underlying shares
Best for
- Eligible experienced traders comparing onchain perpetual and tokenized-asset workflows
Sources
- SynFutures perpetual and tokenized-asset products (Oct 27, 2026)
- SynFutures perpetual account, order and liquidity workflows (Oct 27, 2026)
- SynFutures selected-pair perpetual fees (Oct 27, 2026)
- SynFutures RWA fees, market hours and restrictions (Oct 27, 2026)
- SynFutures RWA balances and settlement (Oct 27, 2026)