| FEATURE | EDGEX | BULK |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.045% | 0.035% |
| Maker Fee | 0.04% | 0% |
| Max Leverage | 100x | 40x |
| Perp Pairs | 182 | 8 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.2 | 3.0 |
edgeX vs BULK: key differences
Opening and closing a $10,000 position with market orders costs $7.00 on BULK and $9.00 on edgeX at base-tier taker fees, a difference of $2.00 per round trip.
For limit orders, edgeX charges makers 0.04%, while BULK charges makers nothing.
edgeX 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.
edgeX lists 182 perpetual markets, BULK lists 8.
edgeX also has spot trading; BULK is perpetuals only.
edgeX is the more liquid venue, with $293M in 24-hour volume against $21M on BULK (about 14 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| edgeX | BULK | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $7.00 |
| Maker round trip on $10,000 | $8.00 | $0 |
| Best-tier taker fee | 0.02% | 0.022% |
| BTC max leverage | 100x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $293M | $21M |
| TVL | $61M | $8M |
| Custody | non-custodial | non-custodial |
| Collateral | USDC | USDC |
| Deposit networks | Ethereum, Arbitrum, Base +5 more | Solana |
| Minimum order | — | $1 |
| Order types | 12 | 9 |
| Options | No | No |
| Mobile app | Yes | No |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 10 | 43 |
| Founded | 2023 | 2025 |
Choose edgeX if
- You want higher leverage: up to 100x against 40x.
- You trade smaller or newer markets: 182 perpetual pairs against 8.
- You trade size and need liquidity: $293M in 24-hour volume against $21M.
- You want spot and perpetuals in one account.
- You trade from a phone: edgeX has a mobile app.
- You want a sign-up discount: 12% off fees through a referral link.
Choose BULK if
- You mostly use market orders: 0.035% taker fee against 0.045% on edgeX.
- You place limit orders: 0% maker fee against 0.04% on edgeX.
edgeX
PROS
- + 182 perpetual markets in one USDC-margined account, including 98 stock and ETF perpetuals, commodities (gold, silver, crude oil, natural gas) and FX pairs such as USD/JPY and EUR/USD
- + Up to 100x leverage on BTC and ETH and 75x on SOL, with cross and isolated margin modes
- + No KYC required: connect an EVM wallet or sign in by email, and referred users get a 12% trading fee discount
CONS
- − Base perpetual fees of 0.040% maker and 0.045% taker are higher than the 0.012% maker and 0.038% taker edgeX charged on V1, and VIP 1 requires 10 million dollars in 14-day volume
- − USDC is the only margin asset, with no multi-collateral support
- − Restricted in the US, Canada, Cuba, Iran, North Korea, Syria, Myanmar and Crimea, Donetsk and Luhansk, and the terms prohibit using a VPN to bypass the block
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
Frequently Asked Questions
Is edgeX or BULK better?
edgeX has a higher rating (4.2 vs 3). BULK offers lower fees (0.035% vs 0.045%). Choose edgeX for higher leverage, and BULK for lower fees.
What are the fees on edgeX vs BULK?
edgeX charges 0.045% taker / 0.04% maker. BULK charges 0.035% taker / 0% maker for perpetuals.
Which has higher leverage, edgeX or BULK?
edgeX offers up to 100x, and BULK offers up to 40x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do edgeX and BULK require KYC?
edgeX does not require KYC. BULK does not require KYC. Both restrict some jurisdictions (edgeX lists 10; BULK lists 43), so check the terms of service for your country before depositing.
Is edgeX or BULK safer?
edgeX has been audited and runs an insurance fund, and custody is non-custodial. BULK 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, edgeX or BULK?
edgeX recorded $293M in 24-hour volume and BULK recorded $21M, as of 2026-10-04. edgeX lists 182 perpetual markets and BULK lists 8.