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GRVT vs Phoenix: which perp DEX is better?

A side-by-side comparison of GRVT and Phoenix on fees, leverage, volume, chain and token.

GRVTPhoenix
24h volume$503M$45M
Maker fee0.5 bpsn/a
Taker fee3.5 bpsn/a
Max leverage50x25x
ModelOrderbookOrderbook
ChainzkSync L2Solana
Token$GRVTNo token
AssetsCryptoCrypto, Commodities, Stocks

GRVT vs Phoenix: which should you choose?

If your priority is cost, GRVT wins on taker fees (3.5 bps). For maximum leverage, GRVT goes up to 50x. For depth and liquidity, GRVT trades the most volume of the two.

GRVT runs a orderbook on zkSync L2, while Phoenix runs a orderbook on Solana. Read the full profiles: GRVT and Phoenix.

FAQ

Is GRVT or Phoenix cheaper?
GRVT has the lower taker fee (3.5 bps vs n/a). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, GRVT or Phoenix?
GRVT offers more, up to 50x, versus 25x. Higher leverage means higher liquidation risk.
Which is bigger, GRVT or Phoenix?
GRVT has more listed 24h volume ($503M), 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.