| FEATURE | BULK | EXTENDED |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.035% | 0.025% |
| Maker Fee | 0% | 0% |
| Max Leverage | 40x | 100x |
| Perp Pairs | 8 | 326 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 3.0 | 4.1 |
BULK vs Extended: key differences
Opening and closing a $10,000 position with market orders costs $5.00 on Extended and $7.00 on BULK at base-tier taker fees, a difference of $2.00 per round trip.
Extended allows up to 100x leverage against 40x on BULK. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Extended lists 326 perpetual markets, BULK lists 8.
Extended also has spot trading; BULK is perpetuals only.
Extended is the more liquid venue, with $181M in 24-hour volume against $21M on BULK (about 8.6 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 USDC, USDT, wBTC, ETH +1 more on Extended.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| BULK | Extended | |
|---|---|---|
| Taker round trip on $10,000 | $7.00 | $5.00 |
| Maker round trip on $10,000 | $0 | $0 |
| Best-tier taker fee | 0.022% | 0.025% |
| BTC max leverage | 40x | 50x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $21M | $181M |
| TVL | $8M | $122M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC | USDC, USDT, wBTC, ETH +1 more |
| Deposit networks | Solana | Starknet, Ethereum, Arbitrum +5 more |
| Minimum order | $1 | $10 |
| Order types | 9 | 7 |
| Options | No | No |
| Mobile app | No | No |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 43 | 13 |
| Founded | 2025 | 2024 |
Choose BULK if
- Its feature set fits your workflow better; on the measured data points it does not beat Extended.
Choose Extended if
- You mostly use market orders: 0.025% taker fee against 0.035% on BULK.
- You want higher leverage: up to 100x against 40x.
- You trade smaller or newer markets: 326 perpetual pairs against 8.
- You trade size and need liquidity: $181M in 24-hour volume against $21M.
- You want spot and perpetuals in one account.
- You want to post margin in more than one asset.
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
Extended
PROS
- + 326 active perpetual markets: 195 crypto and 131 real-world asset markets, including 112 equities plus gold, oil, FX and stock indices
- + 0% maker fee and 0.025% taker fee on crypto markets, 0.010% taker fee on RWA markets, and maker rebates up to 0.010% for a 30-day market share of 5% or more
- + Multi-asset collateral: USDC counts at 100% of its value toward margin, USDT at 95%, and wBTC, ETH and XVS vault shares at 90%
CONS
- − Restricted in the United States, United Kingdom, Canada, Russia, Hong Kong, Seychelles and sanctioned countries (Cuba, Iran, North Korea, Syria); the Terms of Use forbid using a VPN to bypass this
- − BTC and ETH leverage is capped at 50x, and the 100x maximum applies only to the EUR/USD market
- − TVL of about 122 million dollars and 24-hour volume of about 181 million dollars are well below the largest perp DEXes, which means less depth for large orders
Frequently Asked Questions
Is BULK or Extended better?
Extended has a higher rating (4.1 vs 3). Extended offers lower fees (0.025% vs 0.035%). Choose BULK for its features, and Extended for lower fees.
What are the fees on BULK vs Extended?
BULK charges 0.035% taker / 0% maker. Extended charges 0.025% taker / 0% maker for perpetuals.
Which has higher leverage, BULK or Extended?
BULK offers up to 40x, and Extended offers up to 100x (50x on BTC). Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do BULK and Extended require KYC?
BULK does not require KYC. Extended does not require KYC. Both restrict some jurisdictions (BULK lists 43; Extended lists 13), so check the terms of service for your country before depositing.
Is BULK or Extended safer?
BULK has been audited and runs an insurance fund, and custody is non-custodial. Extended 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 Extended?
BULK recorded $21M in 24-hour volume and Extended recorded $181M, as of 2026-10-04. BULK lists 8 perpetual markets and Extended lists 326.