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Pacifica vs Phoenix: which perp DEX is better?

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

PacificaPhoenix
24h volume$522M$45M
Maker fee0.75 bpsn/a
Taker fee2 bpsn/a
Max leverage50x25x
ModelOrderbookOrderbook
ChainSolanaSolana
TokenNo tokenNo token
AssetsCryptoCrypto, Commodities, Stocks

Pacifica vs Phoenix: which should you choose?

If your priority is cost, Pacifica wins on taker fees (2 bps). For maximum leverage, Pacifica goes up to 50x. For depth and liquidity, Pacifica trades the most volume of the two. Both are pre-token, so either could reward early activity with a future airdrop.

Pacifica runs a orderbook on Solana, while Phoenix runs a orderbook on Solana. Read the full profiles: Pacifica and Phoenix.

FAQ

Is Pacifica or Phoenix cheaper?
Pacifica has the lower taker fee (2 bps vs n/a). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, Pacifica or Phoenix?
Pacifica offers more, up to 50x, versus 25x. Higher leverage means higher liquidation risk.
Which is bigger, Pacifica or Phoenix?
Pacifica has more listed 24h volume ($522M), 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.