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ApeX Protocol vs Variational: which perp DEX is better?

A side-by-side comparison of ApeX Protocol and Variational on fees, leverage, volume, chain and token.

ApeX ProtocolVariational
24h volume$1.30Bn/a
Maker fee2 bps0 bps
Taker fee5 bps0 bps
Max leverage100x50x
ModelOrderbookPool
ChainMultichain (zkLink)Arbitrum
Token$APEXNo token
AssetsCryptoCrypto, Stocks, Commodities

ApeX Protocol vs Variational: which should you choose?

If your priority is cost, Variational wins on taker fees (0 bps). For maximum leverage, ApeX Protocol goes up to 100x. For depth and liquidity, ApeX Protocol trades the most volume of the two.

ApeX Protocol runs a orderbook on Multichain (zkLink), while Variational runs a pool on Arbitrum. Read the full profiles: ApeX Protocol and Variational.

FAQ

Is ApeX Protocol or Variational cheaper?
Variational has the lower taker fee (0 bps vs 5 bps). Funding rates also affect total cost, so check both before trading.
Which has higher leverage, ApeX Protocol or Variational?
ApeX Protocol offers more, up to 100x, versus 50x. Higher leverage means higher liquidation risk.
Which is bigger, ApeX Protocol or Variational?
ApeX Protocol has more listed 24h volume ($1.30B), 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.