Ostium vs Phoenix: which perp DEX is better?
A side-by-side comparison of Ostium and Phoenix on fees, leverage, volume, chain and token.
| Ostium | Phoenix |
|---|
| 24h volume | $80M | $45M |
| Maker fee | 2 bps | n/a |
| Taker fee | 5 bps | n/a |
| Max leverage | 200x | 25x |
| Model | AMM / Pool | Orderbook |
| Chain | Arbitrum | Solana |
| Token | No token | No token |
| Assets | Commodities, Forex, Stocks | Crypto, Commodities, Stocks |
Ostium vs Phoenix: which should you choose?
If your priority is cost, Ostium wins on taker fees (5 bps). For maximum leverage, Ostium goes up to 200x. For depth and liquidity, Ostium trades the most volume of the two. Both are pre-token, so either could reward early activity with a future airdrop.
Ostium runs a amm / pool on Arbitrum, while Phoenix runs a orderbook on Solana. Read the full profiles: Ostium and Phoenix.
FAQ
- Is Ostium or Phoenix cheaper?
- Ostium 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, Ostium or Phoenix?
- Ostium offers more, up to 200x, versus 25x. Higher leverage means higher liquidation risk.
- Which is bigger, Ostium or Phoenix?
- Ostium has more listed 24h volume ($80M), 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.