dYdX vs Phoenix: which perp DEX is better?
A side-by-side comparison of dYdX and Phoenix on fees, leverage, volume, chain and token.
| dYdX | Phoenix |
|---|
| 24h volume | $39M | $45M |
| Maker fee | 1 bps | n/a |
| Taker fee | 5 bps | n/a |
| Max leverage | 100x | 25x |
| Model | Orderbook | Orderbook |
| Chain | dYdX Chain (Cosmos) | Solana |
| Token | $DYDX | No token |
| Assets | Crypto | Crypto, Commodities, Stocks |
dYdX vs Phoenix: which should you choose?
If your priority is cost, dYdX wins on taker fees (5 bps). For maximum leverage, dYdX goes up to 100x. For depth and liquidity, Phoenix trades the most volume of the two.
dYdX runs a orderbook on dYdX Chain (Cosmos), while Phoenix runs a orderbook on Solana. Read the full profiles: dYdX and Phoenix.
FAQ
- Is dYdX or Phoenix cheaper?
- dYdX 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, dYdX or Phoenix?
- dYdX offers more, up to 100x, versus 25x. Higher leverage means higher liquidation risk.
- Which is bigger, dYdX or Phoenix?
- Phoenix has more listed 24h volume ($45M), 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.