Wiki › Bluefin vs Phoenix
Bluefin vs Phoenix: which perp DEX is better?
A side-by-side comparison of Bluefin and Phoenix on fees, leverage, volume, chain and token.
| Bluefin | Phoenix |
|---|
| 24h volume | $120M | $45M |
| Maker fee | 0.5 bps | n/a |
| Taker fee | 4.5 bps | n/a |
| Max leverage | 50x | 25x |
| Model | Orderbook | Orderbook |
| Chain | Sui | Solana |
| Token | $BLUE | No token |
| Assets | Crypto | Crypto, Commodities, Stocks |
Bluefin vs Phoenix: which should you choose?
If your priority is cost, Bluefin wins on taker fees (4.5 bps). For maximum leverage, Bluefin goes up to 50x. For depth and liquidity, Bluefin trades the most volume of the two.
Bluefin runs a orderbook on Sui, while Phoenix runs a orderbook on Solana. Read the full profiles: Bluefin and Phoenix.
FAQ
- Is Bluefin or Phoenix cheaper?
- Bluefin has the lower taker fee (4.5 bps vs n/a). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Bluefin or Phoenix?
- Bluefin offers more, up to 50x, versus 25x. Higher leverage means higher liquidation risk.
- Which is bigger, Bluefin or Phoenix?
- Bluefin has more listed 24h volume ($120M), 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.