Perpl vs Phoenix: which perp DEX is better?
A side-by-side comparison of Perpl and Phoenix on fees, leverage, volume, chain and token.
| Perpl | Phoenix |
|---|
| 24h volume | $43M | $45M |
| Maker fee | 5 bps | n/a |
| Taker fee | 8.8 bps | n/a |
| Max leverage | n/a | 25x |
| Model | Orderbook | Orderbook |
| Chain | Monad | Solana |
| Token | No token | No token |
| Assets | Crypto | Crypto, Commodities, Stocks |
Perpl vs Phoenix: which should you choose?
If your priority is cost, Perpl wins on taker fees (8.8 bps). For maximum leverage, Phoenix goes up to 25x. For depth and liquidity, Phoenix trades the most volume of the two. Both are pre-token, so either could reward early activity with a future airdrop.
Perpl runs a orderbook on Monad, while Phoenix runs a orderbook on Solana. Read the full profiles: Perpl and Phoenix.
FAQ
- Is Perpl or Phoenix cheaper?
- Perpl has the lower taker fee (8.8 bps vs n/a). Funding rates also affect total cost, so check both before trading.
- Which has higher leverage, Perpl or Phoenix?
- Phoenix offers more, up to 25x, versus n/a. Higher leverage means higher liquidation risk.
- Which is bigger, Perpl 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.