| FEATURE | BULK | EVEDEX |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.035% | 0.045% |
| Maker Fee | 0% | 0.015% |
| Max Leverage | 40x | 200x |
| Perp Pairs | 8 | 52 |
| Spot Trading | No | No |
| KYC Required | No | No |
| Rating | 3.0 | 3.9 |
BULK vs EVEDEX: key differences
Opening and closing a $10,000 position with market orders costs $7.00 on BULK and $9.00 on EVEDEX at base-tier taker fees, a difference of $2.00 per round trip.
For limit orders, BULK charges makers nothing, while EVEDEX charges makers 0.015%.
EVEDEX allows up to 200x leverage against 40x on BULK. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
EVEDEX lists 52 perpetual markets, BULK lists 8.
EVEDEX is the more liquid venue, with $709M in 24-hour volume against $21M on BULK (about 34 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDC on BULK and in USDT on EVEDEX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| BULK | EVEDEX | |
|---|---|---|
| Taker round trip on $10,000 | $7.00 | $9.00 |
| Maker round trip on $10,000 | $0 | $3.00 |
| Best-tier taker fee | 0.022% | 0.0225% |
| BTC max leverage | 40x | 200x |
| Margin modes | cross, isolated | cross |
| 24h volume | $21M | $709M |
| TVL | $8M | $4M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC | USDT |
| Deposit networks | Solana | Arbitrum, Base, Eventum (Arbitrum Orbit L3) +2 more |
| Minimum order | $1 | $5 |
| Order types | 9 | 5 |
| Options | No | No |
| Mobile app | No | Yes |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | Yes |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 43 | 6 |
| Founded | 2025 | 2024 |
Choose BULK if
- You mostly use market orders: 0.035% taker fee against 0.045% on EVEDEX.
- You place limit orders: 0% maker fee against 0.015% on EVEDEX.
Choose EVEDEX if
- You want higher leverage: up to 200x against 40x.
- You trade smaller or newer markets: 52 perpetual pairs against 8.
- You trade size and need liquidity: $709M in 24-hour volume against $21M.
- You trade from a phone: EVEDEX has a mobile app.
BULK
PROS
- + Base taker fee of 0.035% and maker fee of 0% during the Genesis phase, with taker fees down to 0.022% at 4 billion dollars of 14-day volume and maker rebates of up to 0.015%
- + Portfolio margin is the default: margin is calculated on the correlation-adjusted exposure of the whole account, which the docs say can cut requirements for a hedged BTC and ETH position by 30% to 70% against isolated margin
- + Non-custodial: funds sit in a per-user account of a Solana program, withdrawals need a FROST threshold signature from the validator set, and Zellic audited the program in July 2026
CONS
- − Mainnet is invite-only since September 5, 2026: access codes are the only way in for new users, they are single-use and expire weekly, and no date for public access has been announced
- − Only 8 of 22 listed perpetual markets were open for trading on October 4, 2026, there is no spot trading, and USDC on Solana is the only collateral
- − 24-hour volume was about 21 million dollars and open interest about 9 million dollars on October 4, 2026 per the BULK API, and BTC accounted for 14.3 million dollars of that volume
EVEDEX
PROS
- + No blockchain gas fees for trading: orders are matched off-chain and settled on the Eventum L3, and the minimum order value is 5 USDT
- + Up to 200x leverage on BTC, ETH and SOL perpetuals, with base fees of 0.045% taker and 0.015% maker on all 52 markets
- + Non-custodial: funds sit in user-controlled smart accounts and settle on-chain, and no KYC is required to trade
CONS
- − Perpetual futures only (52 pairs): spot is listed as coming soon and there are no options markets
- − Only USDT is accepted as collateral and only cross margin is available; isolated margin is still described as planned in the docs
- − TVL is about 3.7 million dollars on DeFiLlama, far below the largest perpetual DEXs, so large positions can face slippage
Frequently Asked Questions
Is BULK or EVEDEX better?
EVEDEX has a higher rating (3.9 vs 3). BULK offers lower fees (0.035% vs 0.045%). Choose BULK for lower fees, and EVEDEX for higher leverage.
What are the fees on BULK vs EVEDEX?
BULK charges 0.035% taker / 0% maker. EVEDEX charges 0.045% taker / 0.015% maker for perpetuals.
Which has higher leverage, BULK or EVEDEX?
BULK offers up to 40x, and EVEDEX offers up to 200x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do BULK and EVEDEX require KYC?
BULK does not require KYC. EVEDEX does not require KYC. Both restrict some jurisdictions (BULK lists 43; EVEDEX lists 6), so check the terms of service for your country before depositing.
Is BULK or EVEDEX safer?
BULK has been audited and runs an insurance fund, and custody is non-custodial. EVEDEX has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, BULK or EVEDEX?
BULK recorded $21M in 24-hour volume and EVEDEX recorded $709M, as of 2026-10-04. BULK lists 8 perpetual markets and EVEDEX lists 52.