| FEATURE | STANDX | BULK |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.04% | 0.035% |
| Maker Fee | 0.01% | 0% |
| Max Leverage | 40x | 40x |
| Perp Pairs | 13 | 8 |
| Spot Trading | No | No |
| KYC Required | No | No |
| Rating | 3.5 | 3.0 |
StandX vs BULK: key differences
Opening and closing a $10,000 position with market orders costs $7.00 on BULK and $8.00 on StandX at base-tier taker fees, a difference of $1.00 per round trip.
For limit orders, StandX charges makers 0.01%, while BULK charges makers nothing.
StandX lists 13 perpetual markets, BULK lists 8.
StandX is the more liquid venue, with $322M in 24-hour volume against $21M on BULK (about 15 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 DUSD on StandX and in USDC on BULK.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| StandX | BULK | |
|---|---|---|
| Taker round trip on $10,000 | $8.00 | $7.00 |
| Maker round trip on $10,000 | $2.00 | $0 |
| Best-tier taker fee | 0.04% | 0.022% |
| BTC max leverage | 40x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $322M | $21M |
| TVL | $26M | $8M |
| Custody | hybrid | non-custodial |
| Collateral | DUSD | USDC |
| Deposit networks | BNB Chain, Solana | Solana |
| Minimum order | — | $1 |
| Order types | 7 | 9 |
| Options | No | No |
| Mobile app | No | No |
| Testnet or demo | No | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 35 | 43 |
| Founded | 2024 | 2025 |
Choose StandX if
- You trade smaller or newer markets: 13 perpetual pairs against 8.
- You trade size and need liquidity: $322M in 24-hour volume against $21M.
Choose BULK if
- You mostly use market orders: 0.035% taker fee against 0.04% on StandX.
- You place limit orders: 0% maker fee against 0.01% on StandX.
StandX
PROS
- + Flat fees of 0.01% maker and 0.04% taker on all 13 markets, confirmed by both the StandX fee page and the public API
- + Margin is held in DUSD, which earns yield from staking and funding payments while it sits in the Perps Wallet, with no staking step
- + Up to 40x leverage on BTC, ETH, gold (XAU), silver (XAG), and crude oil (CL), with cross and isolated margin modes
CONS
- − Only 13 perpetual markets as of October 4, 2026, and no spot trading
- − DUSD is the only collateral, and redeeming it for USDT or USDC through StandX has a 7-day lock and a protocol fee; the faster exit is a swap on PancakeSwap or Raydium at the market price
- − 24-hour volume of about 322 million dollars against open interest of about 44 million dollars (CoinGecko, October 4, 2026) is a ratio above 7 to 1 while a points program rewards trading, and the StandX docs still cite roughly 700 million dollars of daily volume
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 StandX or BULK better?
StandX has a higher rating (3.5 vs 3). BULK offers lower fees (0.035% vs 0.04%). Choose StandX for its features, and BULK for lower fees.
What are the fees on StandX vs BULK?
StandX charges 0.04% taker / 0.01% maker. BULK charges 0.035% taker / 0% maker for perpetuals.
Which has higher leverage, StandX or BULK?
StandX offers up to 40x, and BULK offers up to 40x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do StandX and BULK require KYC?
StandX does not require KYC. BULK does not require KYC. Both restrict some jurisdictions (StandX lists 35; BULK lists 43), so check the terms of service for your country before depositing.
Is StandX or BULK safer?
StandX has been audited and runs an insurance fund, and custody is hybrid. 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, StandX or BULK?
StandX recorded $322M in 24-hour volume and BULK recorded $21M, as of 2026-10-04. StandX lists 13 perpetual markets and BULK lists 8.