Wiki › ApeX Protocol vs Phoenix
ApeX Protocol vs Phoenix: which perp DEX is better?
A side-by-side comparison of ApeX Protocol and Phoenix on fees, leverage, volume, chain and token.
| ApeX Protocol | Phoenix |
|---|
| 24h volume | $1.30B | $45M |
| Maker fee | 2 bps | n/a |
| Taker fee | 5 bps | n/a |
| Max leverage | 100x | 25x |
| Model | Orderbook | Orderbook |
| Chain | Multichain (zkLink) | Solana |
| Token | $APEX | No token |
| Assets | Crypto | Crypto, Commodities, Stocks |
ApeX Protocol vs Phoenix: which should you choose?
If your priority is cost, ApeX Protocol wins on taker fees (5 bps). For maximum leverage, ApeX Protocol goes up to 100x. For depth and liquidity, ApeX Protocol trades the most volume of the two.
ApeX Protocol runs a orderbook on Multichain (zkLink), while Phoenix runs a orderbook on Solana. Read the full profiles: ApeX Protocol and Phoenix.
FAQ
- Is ApeX Protocol or Phoenix cheaper?
- ApeX Protocol has the lower taker fee (5 bps vs n/a). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, ApeX Protocol or Phoenix?
- ApeX Protocol offers more, up to 100x, versus 25x. Higher leverage means higher liquidation risk.
- Which is bigger, ApeX Protocol or Phoenix?
- ApeX Protocol has more listed 24h volume ($1.30B), which usually means deeper liquidity and less slippage.
More comparisons
Not financial advice. Volume figures are compiled from each venue's public data on our
live rankings and may lag; fees, leverage and token status are curated and can change. Always verify on the exchange before trading. Perpetual futures are high risk and leverage can liquidate your position.