ApeX Pro‘s adoption of the order book model merges the security and transparency typically seen in decentralized exchanges (DEXs) with the speed and ease of use characteristic of centralized exchanges (CEXs). This model effectively narrows the divide for users accustomed to trading with order books on a permissionless platform.

Key offerings include maximum security, achieved through on-chain data integrity. Privacy is further enhanced by the protocol upgrade, increasing ApeX Pro’s capacity for trade settlement while securing transaction validations without compromising traders’ privacy.

Other benefits include lower fees, higher leverage up to 50x with instant settlement, thereby facilitating amplified earnings with reduced starting capital. Multi-chain support is also a cornerstone, accommodating ETH, ERC-20 tokens, and those from EVM-compatible chains with cross-chain deposits and withdrawals.

Fees on Apex DEX

ApeX Pro employs a maker-taker fee structure for trade fees, distinguishing between maker orders that enhance liquidity and taker orders that immediately execute, thus affecting liquidity. Maker fees are set at 0.02% and taker fees at 0.05%, with plans to introduce a tiered trading fee structure for additional cost savings.

Order cancellations on open orders incur no fees, emphasizing that charges apply only upon order fulfillment. Furthermore, the execution of trades on Layer 2 negates the necessity of gas fees, underlining ApeX Pro’s commitment to cost efficiency and user satisfaction.

Funding Fees

Funding is a fee exchanged between traders holding long or short positions to ensure that the trading price aligns closely with the spot market price of the underlying asset.

Funding fees are transferred between holders of long and short positions every 1 hour.

It is important to note that the funding rate will experience real-time fluctuations every hour. When the funding rate settles as positive, holders of long positions are required to pay funding fees to those holding short positions. Conversely, if the funding rate is negative at settlement, holders of short positions will compensate those with long positions.

Only those traders who maintain positions at the time of the funding settlement are obligated to either pay or receive funding fees. Traders without any positions at the time of funding fee settlement will not be subjected to these fees.

The value of a trader’s position at the exact timestamp of funding settlement will determine the amount of funding fees to be paid or received.

2024 Rewards & Incentives 

Trade-to-Earn Mechanism on ApeX

Trade-to-Earn offers participants an opportunity to earn rewards through their trading activities on ApeX. This mechanism rewards participants based on the volume of their trades: the more they trade, the more rewards they accumulate.

This initiative is structured as a 52-week program, divided into several rounds, allowing participants multiple opportunities to enhance their earnings. Participants are encouraged to engage in trading on any USDT contracts offered by ApeX to start earning rewards.

A brief history for newcomers: In November 2022, coinciding with the launch of ApeX Pro, the first Trade-to-Earn event was unveiled. This initiative attracted over 53,000 participants who earned rewards from their trading activities throughout the year. Preparations are now underway to expand this initiative, aiming to include even more traders in the forthcoming round.

Updates for Trade-to-Earn Round 2 This Year

For the second iteration of Trade-to-Earn this year, several enhancements have been introduced:

Introduction of the New $BANANA Token

The second round of Trade-to-Earn will feature the new $BANANA token on the Ethereum network. With a minted total of 10,000,000 $APEX tokens locked over a 12-month period and an initial redeem rate of 0.001, reward tokens are set to be automatically distributed bi-weekly among ApeXers trading USDT perpetual contracts on ApeX Pro.

Expanded Rewards Pool and Airdrop Opportunities

This year’s iteration promises an expanded rewards pool, offering additional excitement and incentive for ApeXers through potential airdrop opportunities. Beyond $BANANA rewards, traders will have the chance to earn rewards in tokens from partner projects. These allocations will depend on the traders’ overall Trade-to-Earn score and specific criteria related to the partner projects, details of which will be disclosed alongside the launch of these new prize pools and airdrop events. This initiative allows traders to multiply their rewards, potentially earning in various tokens beyond $BANANA.

Maximizing Rewards in Three Steps

1. Swap: Traders can swap $BANANA for USDT using the $BANANA-USDT pool at any point during the 52-week period.

2. Add Liquidity: By adding $BANANA and USDT to the $BANANA-USDT Pool, traders receive LP Tokens. The holding of LP Tokens during an epoch influences a trader’s Average LP Token Holdings, a significant determinant in the final distribution of $BANANA rewards at each epoch’s conclusion. A higher number of LP tokens increases the potential for receiving more $BANANA rewards.

3. Hold and Redeem: Long-term holders of $BANANA will have the opportunity to redeem $APEX governance tokens on a pro-rata basis after the event period, at the conclusion of the 52 weeks. The redemption rate will be determined by the quantity of $BANANA burnt in the Buy & Burn Pool at the event’s end.