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DN Decision Briefs / Evidence comparison

ApeX Omni vs EVEDEX vs SAI

Current documentation sharpens the comparison without producing a winner. ApeX Omni now exposes broader cross-collateral and API limits; EVEDEX clarifies hybrid gasless trading, broader markets and cashback timing; SAI now quantifies taker, trigger, rapid-close, borrowing and liquidation charges.

Reviewed 2026-10-24Version 1.1.0No live execution tests

What Matters

Compare like with like. Keep the gaps visible.

3 pinned documentation briefs compared by decision condition. Not a live execution test, security audit, exhaustive product inventory or individual eligibility assessment.

ApeX Omni account transfers, EVEDEX USDT settlement and SAI collateral on Nibiru EVM describe distinct systems. This is a comparison of documented decision conditions, not a common-network test or an equal-depth product inventory.

DN Evidence Block

The conditions side by side.

Documentation comparison. No independent execution measurements. Source versions: ApeX Omni 1.1.0, EVEDEX 1.1.0, SAI 1.1.0.
Decision factorApeX OmniEVEDEXSAI
Funding and collateral

Trace related claims

Funding still requires moving assets from the Omni funding account to the Perps account; current docs list USDT plus eight cross-collateral tokens and hourly funding exchange.

ApeX Omni API reference

Trades still settle in USDT, while the current supported-market set spans crypto, commodity/RWA and stock-perpetual symbols with instrument-specific leverage/margin rules.

EVEDEX supported currencies

SAI still documents USDC and stNIBI collateral on Nibiru EVM; bridge-route compatibility remains separate from collateral support.

SAI platform and collateral guide
What a fee statement means

Trace related claims

Limit Fee remains a signed maximum rather than the final charge; current order data exposes actual fee separately.

ApeX Omni API FAQ

Maker/taker fees still apply on execution, while hybrid/off-chain matching removes blockchain gas from order placement but not settlement/withdrawal costs.

EVEDEX trading fees

Current docs quantify 0.05% base taker, 0% maker and 0.01% trigger fees, with borrowing and rapid-close costs separate.

SAI trading and rapid-close fees
Size and time sensitivity

Trace related claims

Current docs now explicitly describe hourly funding between long and short position holders; no complete all-in holding-cost benchmark is provided.

Trading/funding costs remain based on full notional rather than initial margin; leverage magnifies monetary cost at a given rate.

EVEDEX leverage and fees

Borrowing fees accrue block by block, vary with open-interest skew and are displayed as a current hourly estimate rather than a fixed life-of-trade rate.

SAI borrowing-model explanation
Exit conditions and incentives

Trace related claims

Fast withdrawals still depend on available balance and fast-pool liquidity; current documentation does not establish observed payout time.

ApeX Omni API reference

Cashback may reach 50% of commissions and is documented as next-day USDT, but reward eligibility, crediting and withdrawal/gas conditions remain separate.

EVEDEX reward usage

Rapid-close charges can start at 1.15% of position size (higher on some protected markets), decay with holding time and are capped relative to collateral.

SAI trading and rapid-close fees
Execution evidence

Trace related claims

Market orders still require a signed price bound and can be cancelled under documented conditions; current API rate limits also constrain automation throughput.

ApeX Omni API FAQ

The documentation review still does not independently establish depth, stop-loss reliability or completed withdrawals.

SL/TP conditions still require an external trigger call to finalize closure, so a triggered condition is not itself a completed fill.

Nibiru SAI overview
Permissions and remaining risk

Trace related claims

API credentials remain distinct from ZkLink signing keys; current docs publish private request and order-creation limits but DN has not tested revocation or recovery.

ApeX Omni API FAQ

External wallets and email/Apple/Telegram smart accounts use different recovery/signing paths; provider self-custody claims are not an independent audit.

EVEDEX onboarding

Liquidation penalties remain separate from ordinary trade-fee discounts; SAI documentation here does not establish delegated key or recovery behavior.

SAI trading and rapid-close fees
What remains unmeasured

Trace related claims

This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.

This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.

This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.

Funding and collateral: the implication

Funding account, settlement token and collateral route remain different concepts. Confirm the destination account/network and usable margin before comparing capital.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedDoes a funding deposit immediately become trading margin?

    Current API docs still require funds to move from the Omni funding account into the Perps/contract account before trading. Funding fees are exchanged hourly between long and short position holders, with the rate refreshed each hour.

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedDoes a USD market name tell you the settlement token?

    The current supported-currencies guide still says all trades settle in USDT, but the documented market set is now much broader and includes crypto, commodity/RWA and stock-perpetual symbols with varying leverage and margin requirements.

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

What a fee statement means: the implication

A signed ceiling, hybrid gasless matching and explicit trade rates describe different cost layers. Compare actual executed fees plus holding and exit costs.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedIs Limit Fee a quoted all-in cost?

    Current order data exposes both limitFee and actual fee fields. The FAQ still defines Limit Fee as the maximum fee authorized in the signed request rather than the final fee paid.

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedWhen is a trading fee charged?

    The current fee guide still uses maker/taker pricing and charges only on execution. It also states that trading itself has no blockchain gas fee because matching is hybrid/off-chain, while final settlement interacts with the blockchain.

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedWhich costs remain when trading gas is zero?

    Current docs quantify trading fees at 0.05% base taker, 0% maker and 0.01% trigger for automated orders, while trading gas on Nibiru is 0. Bridge gas remains separate.

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

Size and time sensitivity: the implication

Funding, notional-based costs and variable borrowing are distinct holding-cost models. Matched time/size observations are required for a fair comparison.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

No individual claim is mapped for this part of the comparison. This does not establish that the condition is safe, available or unchanged.

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

Exit conditions and incentives: the implication

Liquidity, rewards and rapid-close penalties affect different exit economics. None alone establishes fastest or cheapest exit.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedIs cashback automatically equivalent to spendable cash?

    Current docs say loyalty cashback can reach up to 50% of trading commissions, is credited in USDT the next day, and is generally available for trading or withdrawal subject to balance/gas requirements and reward conditions.

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedCan a quick exit add a separate fee?

    The current rapid-close model starts at 1.15% of position size on most markets, decays exponentially and is forced to zero after about 300 blocks (~12 minutes). Some protected markets use a 2.117% peak; the charge is capped at 50% of collateral.

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

Execution evidence: the implication

Order submission, trigger activation and actual fills remain separate events. No matched execution-quality test supports a speed or reliability ranking.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedDoes oracle settlement guarantee the desired exit?

    Nibiru docs still describe oracle settlement and market/limit plus SL/TP triggers. SAI's current execution guide notes that an external trigger call is required to finalize SL/TP, so a triggered condition is not itself a completed close.

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

Permissions and remaining risk: the implication

Signing scope, recovery and liquidation risk remain separate controls. Documentation does not substitute for a live permission/security audit.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedIs an ordinary API key the complete signing model?

    ApeX Omni continues to distinguish API credentials from ZkLink keys; order creation and withdrawals require ZkLink signatures. Current API docs also publish rate limits of 300 POST and 600 GET private requests per minute per account, with a 200-order creation limit per user.

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedDoes email onboarding remove wallet responsibilities?

    Current onboarding supports external wallets plus email-, Apple- and Telegram-based smart-account creation. The email flow is described as self-custodial with recovery credentials controlled on the user's side.

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

  • Provider-reportedDo referral or tier discounts reduce every charge?

    Current documentation sets a 10% liquidation penalty on remaining collateral, split between closing and trigger components. Fee-tier and referral discounts do not reduce liquidation penalties.

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

What remains unmeasured: the implication

Individual eligibility, current depth, all-in executable costs and independently tested withdrawals remain unknown. Documentation volume is not a safety ranking.

Trace related claims

These dated claims provide context for this row. Each may cover only part of the comparison. Open a claim to inspect its evidence trail or save it in your browser.

ApeX Omni

Underlying review: 2026-10-24 · brief v1.1.0

No individual claim is mapped for this part of the comparison. This does not establish that the condition is safe, available or unchanged.

Read ApeX Omni full dated snapshot

EVEDEX

Underlying review: 2026-10-24 · brief v1.1.0

Read EVEDEX full dated snapshot

SAI

Underlying review: 2026-10-24 · brief v1.1.0

No individual claim is mapped for this part of the comparison. This does not establish that the condition is safe, available or unchanged.

Read SAI full dated snapshot

Mapping published 2026-10-24. Original research dates and conclusions are unchanged.

Open comparison claim mappings v1.2.0

Evidence boundary

No invented rates. No implied guarantees.

  • Matched executable quotes including entry, holding and exit costs
  • Independent fill, stop-loss and withdrawal reliability
  • Current permissions, recovery and revocation behaviour
  • Individual eligibility and current regional restrictions

No numerical all-in cost is calculated. A valid comparison needs contemporaneous quotes for matching assets, product modes, notional sizes, directions and holding periods, with entry, holding and exit costs included.

Your research record

Keep the evidence.
Keep its limits.

The receipt preserves all underlying evidence snapshots and the comparison at version 1.1.0.

It is not a recommendation, approval, live quote or alert subscription. No account, balance, wallet or country is requested.

Scope
Perpetual trading across distinct product scopes
Collateral scope
Market, account and route dependent. No universal collateral equivalence or shared deployment is asserted.
Evidence version
1.1.0 / 2026-10-24
Live tested
No

Open evidence JSON

Change record

Reviewed dates, not inferred launch dates.

  1. DN evidence refresh

    Comparison refreshed to ApeX Omni 1.1.0, EVEDEX 1.1.0 and SAI 1.1.0 after primary-source review. No live fill, withdrawal, reward-redemption, signing-revocation or eligibility test was performed.

  2. DN publication

    Initial comparison of pinned documentation snapshots. Evidence coverage differs; unsupported conditions remain unknown.

Review triggers: Changed official product, fee, margin or withdrawal documentation; A substantiated correction; The earliest underlying editorial review deadline. No automated provider surveillance runs for this brief.

How to use this research

Provider-reported describes the source of a statement, not an independent endorsement. Unknown and not measured identify evidence gaps. A documentation review does not confer an operational-status classification or establish user eligibility.

DN may receive compensation through commercial links elsewhere on the site. This comparison has no trading CTA or payout-based ranking. Documentation does not establish current operational status, safety or user eligibility.

Educational research only, not investment, legal or tax advice. Leveraged derivatives can cause substantial losses.

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