# EVEDEX vs edgeX in 2026

The Leverage Ladder desk · Updated: 24 September 2026 · Tested: 22 September 2026 · Venue terms read 18 September 2026

## The one line

EVEDEX vs edgeX comes down to how far each venue tiers its BTC margin. One runs 200x at $50,000 of
notional down to 25x at $716,000, where its table ends; the other opens at 100x under $1 million and
still prints rungs past $50 million. At 100x, one percent ends the position.

Weights: Depth under the position 35 · Cost on the levered notional 25 · Where the fill is recorded 20 · What the record shows 15 · How far the ladder reaches 5. One formula for every plate on this site, fixed on 18 September 2026: https://aurascopeapp.com/method

## EVEDEX vs edgeX, criterion by criterion

| Criterion | EVEDEX | edgeX |
|---|---|---|
| Score of 6 | 3.82 | 4.50 |
| Model | Hybrid — orders matched off-chain, settlement on Arbitrum | Hybrid — orders matched off-chain, settlement on its own EDGE chain |
| Documented BTC cap | 200x, shared by BTC, ETH and SOL | 100x |
| Notional that cap holds to | $50,000 | $1 million |
| What the terms publish below it | 150x to $75,000, 100x to $200,000, down to 25x at $716,000 | 75x to $3 million, then 50x to $5 million and 25x to $20 million |
| Maker / taker, entry tier | 0.015% maker / 0.045% taker | 0.040% maker / 0.045% taker |
| Taker cost of a $10,000 round trip | $9.00 | $9.00 |
| Perpetual contracts listed | 52 | 172 |
| Median BTC depth within 10 basis points | $18.9 million | $29.2 million |
| Median impact of a $1 million order | 2.73 bps | 0.22 bps |
| Where a trade is recorded | Position data written to Arbitrum once enough changes accumulate | Every trade settles on the EDGE chain |
| Withdrawal without the operator | Not described in the documentation we read | Documented on the self-custody page |
| What the terms say about deposit screening | Help Center article names the mechanism: automated on-chain AML screening | Nothing on screening in the user terms we read on 18 September 2026 |

Venue terms read on 18 September 2026 in each venue's own documentation and terms; order-book figures are ours.

## Quoted, with dates

> "User position data is written to the blockchain after sufficient changes have accumulated." — EVEDEX documentation, on-chain settlement, 18 September 2026.
> "users can utilize direct blockchain interactions to verify their balances and execute withdrawals, completely bypassing the operator" — edgeX documentation, self-custody, 18 September 2026. https://edgex-1.gitbook.io/edgeX-documentation/edgex-v2/self-custody
> "Currently, our platform operates in cross margin mode." — EVEDEX documentation, cross margin, 18 September 2026.
## Where the steps fall

1. Below $50,000 of notional the two stand a factor of two apart: 200x on one BTC book, 100x on the other.
2. Both step above $50,000: one table is spent by $716,000, the other runs past $50 million.
3. edgeX holds 100x to $1 million, twenty times the notional standing behind the taller cap.
4. Our reads put $29.2 million within 10 basis points on one book and $18.9 million on the other.

## 01 · EVEDEX — 3.82 of 6

For a position sized inside a short schedule.

EVEDEX sizes every BTC rung: 200x to $50,000 of notional, stepping down to
25x at $716,000, where the table ends. ETH and SOL read the same; XRP, gold, silver and crude oil
sit at 100x (EVEDEX trading terms, checked 21 September 2026).
Orders are matched off-chain and position data reaches Arbitrum once enough changes accumulate
(EVEDEX documentation, checked 18 September 2026). Entry-tier fees are
0.015% maker / 0.045% taker, and our BTC reads returned a median $18.9 million within 10 basis
points at a 4.12 bps spread across 121 snapshots.

- For: The top rung opens a $50,000 position on $250 of margin; 0.015% maker fee, 2.5 basis points under the other column.
- Against: 52 perpetual contracts against 172 in the next column; No spot market and no dated futures, so the contract is the only way to hold the exposure; The BTC table ends at $716,000, where the next column still prints rungs.
- Not for: size above $716,000, where this schedule has run out.

## 02 · [edgeX](https://pro.edgex.exchange) — 4.50 of 6

Best for size that has to stay at one hundred times margin.

edgeX tiers BTC by what the position is worth rather than by a headline: 100x while it is worth
up to $1 million, 75x to $3 million, 50x to $5 million and 25x to $20 million
([edgeX metadata](https://edgex-prod-v2.edgex.exchange/api/v2/public/meta/getMetaData), checked 18 September 2026). Balances and trades settle on its own
EDGE chain, and its self-custody page documents a withdrawal executed straight against that
chain. Fees are 0.040% maker / 0.045% taker, and our reads returned the deeper of the two books, a
median $29.2 million within 10 basis points at a 0.04 bps spread.

- For: 100x holds to $1 million, twenty times the reach of the taller cap; Nine published audit reports and a documented exit that runs without the operator.
- Against: 0.040% maker fee, within half a basis point of its own taker rate; Nothing on deposit screening in the user terms we read on 18 September 2026; Stock perpetuals reject a market order while the underlying market is closed.
- Not for: a trader who expects the maker side to cost much less than the taker side.

## Measured at the book

Both BTC perpetual books were read on a ten-minute cycle that ran the length of 22 September 2026; medians of all successful reads.

| Venue | $10,000 round trip | Median spread | Median depth, 10 bps | Impact, $100,000 | Reads |
|---|---|---|---|---|---|
| edgeX | $9.00 | 0.04 bps | $29.2 million | 0.02 bps | 121 |
| EVEDEX | $9.00 | 4.12 bps | $18.9 million | 2.06 bps | 121 |

## How far down each schedule is published

Take one BTC position size to both margin schedules. At $10,000 of notional the taller cap opens
the position on $50 of margin at 200x, the flatter one on $100 at 100x. At $50,000 the gap is
still a factor of two, $250 against $500. Above it the taller schedule steps rather than stops,
and by $200,000 both quote the same multiple (EVEDEX trading terms, 21 September 2026).

They part for good further down. edgeX allows 100x while a position is worth under $1 million,
75x under $3 million, 50x under $5 million and 25x under $20 million
([edgeX metadata](https://edgex-prod-v2.edgex.exchange/api/v2/public/meta/getMetaData), checked 18 September 2026), with lower rungs past $50 million, so a
$900,000 ticket can be sized before it is opened. The other schedule ends at $716,000, and that
same ticket falls off the bottom of it with no multiple named.

## What one taker rate costs at two different rungs

Both venues take 0.045% at the entry tier, so a $10,000 round trip costs
$9.00 on either book. Leverage moves that figure, because the fee is charged on
the position and not on the margin behind it. A $50,000 round trip costs $45 on
both. Opened at 200x, that $45 is 18% of the $250 standing behind it; opened at 100x it is 9%
of $500. The taller rung does not make the trade cheaper — it makes the same fee twice as heavy
against the money at risk.

The maker side is where the two schedules part. 0.040% against
0.015% is a gap of 2.5 basis points, so a $50,000 maker round trip costs $40 on
one venue and $15 on the other ([edgeX fee tiers](https://pro.edgex.exchange/en-US/vip), checked 18 September 2026). On the
higher of the two the maker rate sits within half a basis point of the taker rate, which
removes most of the reason to post a resting order.

## Where the collateral sits while the position is open

A position on margin is an open claim on whoever runs the venue until the rung is given back,
so the question in this row is exit, not ideology. edgeX writes each trade to its own EDGE
chain, and its self-custody pages set out reaching that chain by hand: reading the balance
there and taking it out with the venue no longer in between
([edgeX self-custody documentation](https://edgex-1.gitbook.io/edgeX-documentation/edgex-v2/self-custody),
read 18 September 2026). Nine audit reports sit in its public repository, four of them on the
contracts behind the current perpetual venue, and no bug bounty appears in its documentation,
its help centre or that repository.

Settlement on the taller ladder lands on Arbitrum, and it lands in instalments: matching stays
off-chain, and a position reaches the chain once enough of it has moved to be worth writing
(EVEDEX trading terms; 18 September 2026). At the 200x rung that order matters — the rung is granted,
a liquidation is run, and the chain copy arrives after both. Nothing we read there gets
collateral off the venue with the operator unreachable. CertiK has completed 2 audits of
EVEDEX smart contracts, the later dated 28 July 2025 and returning nothing at
critical, major, medium or minor severity, and CertiK Skynet showed no bug bounty on
18 September 2026. Custody is worth 20 of the hundred points here, which puts edgeX at
10.0 out of ten and the taller ladder at
5.0.

## What each one lists, and when it is open

edgeX lists 172 tradable perpetual contracts, of which 93 are equities or
exchange-traded funds and one is a currency pair
([edgeX metadata](https://edgex-prod-v2.edgex.exchange/api/v2/public/meta/getMetaData), checked 18 September 2026). Breadth arrives with a timetable: while
the underlying stock market is closed the venue rejects market orders on a stock perpetual, and
while the currency market is closed only reduce-only orders are accepted.

EVEDEX lists 52 perpetual contracts — 39 crypto markets, 5 shares, an
index, 3 commodities including a contract on the tokenised gold price, and 2 pre-IPO markets —
and its trading terms put every one of them on a round-the-clock schedule
(EVEDEX trading terms; 18 September 2026). There is no spot market and no dated futures beside that
list (EVEDEX trading terms; 18 September 2026), while edgeX describes itself as a venue for perpetual
futures and spot markets ([edgeX home page](https://pro.edgex.exchange/en-US/home), checked 18 September 2026). Margin is
cross only and posted in USDT on the shorter list.

## Which size belongs on which ladder

Under $50,000 of notional the taller cap does something the flatter one cannot: it opens the
same position on half the margin, and the lower maker rate makes a resting order cheaper while
it is open. By $200,000 the two multiples are level; past $716,000 only one is quoted. Our own reads point the same
way at size: a $1 million market order cost 0.22 bps of slippage on one book
and 2.73 bps on the other, across
121 and 121 reads.

CoinMarketCap put edgeX's open interest at $635.5 million and its 24-hour volume at
$2.5 billion on 22 September 2026, against $704.9 million and $700.5 million
for the other venue. All four are the venues' own figures, which is why the liquidity criterion
reads a book we measured.

## What was read, and what was measured

The weights came first: five criteria set down on 18 September 2026, unmoved since, scoring
2 venues here, printed on [the method plate](/method). Then the reading. Ladders, rungs,
fees, market counts, audits and bounty pages come off each venue's own terms on
18 September 2026. Depth, spread and impact are ours, off the BTC books over the dated window.
Nothing here was traded into.

Take the ladder first: a rung is a snapshot of an ordinary day, cut when volatility rises and put
back unannounced. The depth behind it was read on BTC alone, so a thinner pair holds less. Fees are
the new-account rate, with volume discounts, rebates and cashback left out. Settlement and the record
rest on documents and public incident reports, not on watching. Placement here is paid for; the
weights were fixed before any venue was read.

## FAQ

### Is EVEDEX better than edgeX?

On the five criteria this site publishes, edgeX scores 4.50 of 6 and EVEDEX
3.82, and the gap sits almost entirely in custody and depth. On the ladder the
order flips under $50,000 of notional, where one venue allows 200x and the other stops at 100x.

### What is edgeX?

A hybrid perpetual futures venue: orders are matched off-chain while balances and trades settle
on its own EDGE chain, which edgeX says currently uses the Arbitrum technology stack. It lists
172 tradable perpetual contracts across crypto, shares, commodities and one
currency pair, read on 18 September 2026.

### Does edgeX offer 200x leverage?

No. Its published risk tiers top out at 100x on BTC, and that rung holds while the position is
worth up to $1 million, stepping to 75x at $3 million. The 200x figure on this page belongs to
the other venue and covers three markets to $50,000 of notional.

### How much margin do you need for a $100,000 Bitcoin position?

On edgeX that size falls inside the 100x tier, so $1,000 of margin opens it. On the other venue
$100,000 also sits in a 100x band, so the margin behind it is the same $1,000. The taker fee is
charged on the whole position either way, and at 0.045% each way a round trip
costs $90.

### Do EVEDEX and edgeX charge the same trading fees?

On the taker side yes, 0.045% at the entry tier on both, which is
$9.00 in and out of a $10,000 position. The maker side differs,
0.040% against 0.015%, so a resting order costs nearly the taker
rate on one venue and a third of it on the other.

### Can you withdraw from edgeX without the exchange?

Its self-custody documentation says a trader can interact with the chain directly to verify
balances and execute withdrawals, bypassing the operator. That is what separates the two
custody scores here: the other venue's documentation, read on 18 September 2026, describes no
equivalent exit.

### Does edgeX have more liquidity than EVEDEX?

On our own BTC reads, yes. A median $29.2 million rested within 10 basis points against
$18.9 million, and a $1 million market order moved the price 0.22 bps
against 2.73 bps. Both are medians of reads taken on 22 September 2026.

### Does edgeX require KYC?

Nothing in the user terms we read on 18 September 2026 asks for documents, and access is
described as requiring a non-custodial wallet or an MPC login. The same terms say nothing about
screening a deposit, which is a silence rather than a statement that no screening happens.

### Can I trade stock perpetuals at the weekend?

On edgeX the contract stays listed, but the venue rejects market orders while the underlying
market is closed, holds limit orders inside a price band and clamps the mark price. The other
venue's trading terms put all 52 of its contracts on a round-the-clock schedule instead.

### Does EVEDEX have a spot market?

No. Its 52 listings are all perpetual contracts, with no spot market and no dated futures, by
the trading terms and the CoinGecko entry we read on 18 September 2026. edgeX describes itself
as a venue for perpetual futures and spot markets, so the two lists are not built the same way.

## About this plate

One published formula, fixed before any venue was scored, and every figure carries the date it was read. Corrections: corrections@aurascopeapp.com.

The Leverage Ladder desk, 24 September 2026

A plate is paid for.