Daily close and perpetual volume across tracked exchanges
Sonic SVM is a gaming-focused network built on the Solana Virtual Machine and designed to extend Solana with fast, low-cost execution for games and consumer apps. SONIC is its native token, and it has no connection to Sonic (S), the rebranded Fantom chain. Perps let traders take leveraged positions on Solana gaming and infrastructure narratives, short the token, or hedge SONIC received from airdrops.
SONIC trades in a small perps market. Binance and Bybit carry most of the volume, with WhiteBIT, Bitget and MEXC behind. Thin books mean a modest order or a cluster of liquidations can move price sharply, and funding can swing hard during quiet hours. Unlocks and gaming partnership news are the main project catalysts. Watch open interest for leverage building up before breakouts.
SONIC funding rates SONIC open interest SONIC liquidations SONIC long/short ratio
Every tracked SONIC perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked SONIC perpetual markets · updated
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Sonic SVM is a blockchain project that builds on the Solana Virtual Machine to give games and consumer apps their own fast execution environments. It uses a framework called HyperGrid to scale Solana for these apps. SONIC is the token used across the network.
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No. Sonic SVM, ticker SONIC, is a Solana-based gaming network. Sonic, ticker S, is a separate layer 1 that was formerly Fantom. The two projects share a name but have different teams, tokens and technology, so check the ticker before trading.
HyperGrid is Sonic SVM's framework for running Solana Virtual Machine instances that serve specific games or apps. Each instance gives its app dedicated capacity while staying connected to Solana for assets and users. It is the project's main technical pitch to game developers.
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SONIC tends to react to Solana ecosystem sentiment, gaming adoption news and token unlocks. Because the market is small and books are thin, funding swings and liquidation cascades can produce moves well beyond those of SOL. Comparing with Solana perps helps show when a move is SONIC-specific.
SONIC perpetual futures are derivatives contracts that track the price of SONIC and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any SONIC.
Funding is a payment between longs and shorts. When SONIC perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology