Rakebk / Exchanges / ApeX vs TxFlow
ApeX vs TxFlow: which costs less after the rebate?
One answer at every volume:
At every volume: ApeX is cheaper · $275 vs $428 at $1M
Cheaper at every volume
ApeX DEX No KYC
45% back · fee 0.05%
$275
net cost at $1M / month
VS
Never the cheaper one
TxFlow DEX No KYC Points
5% back · fee 0.045%
$428
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
ApeX code · 45% back
RAKEBK45
TxFlow code · 5% back
TXTELLEZ
Cheaper at every volumeApeX
ApeXsaves $153 a month at $1M
Cheaper at no volumeTxFlow
TxFlownever the cheaper one from $100K to $1B
Fee after rebate at $1MApeX0.0275%TxFlow0.0427%
ApeX0.0275%TxFlow0.0427%Saving at $1M
$153
a month on ApeX · $1,830 a year
What every $1M you trade costs, after the rebate
The more you trade, the cheaper each exchange's fee tier gets. Where the lines cross, the cheaper exchange changes. Hover to price any volume.
ApeXTxFlowWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
ApeX netTxFlow netDifference
$100K
$28
$43
ApeX saves $15
$1M
$275
$428
ApeX saves $153
$10M
$2,750
$4,275
ApeX saves $1,525
$50M
$12,375
$19,000
ApeX saves $6,625
$500M
$96,250
$142,500
ApeX saves $46,250
Which one is for you
Choose ApeX if
- It costs you less after the rebate at every volume
Choose TxFlow if
- You want the lower fee from your very first trade: 0.045% vs 0.05%
- You also trade spot: ApeX does not offer it
Side by side
ApeXTxFlowRebate
45%
5%
Entry taker fee
0.05%
0.045%
Fee after rebate
0.0275%
0.0427%
Net cost at $1M
$275
$428
Markets
Perpetuals
Perpetuals, Spot
Payout
Auto, usually 24h
Instant, as a fee discount
Code
RAKEBK45
TXTELLEZ
KYC (ID verification)
Not required
Not required
ApeX
- ApeX measures volume over a rolling 14 day window, not 30 days.
- The thresholds above are the published 14 day figures scaled to a monthly equivalent so they can be compared with the other venues.
- Staked $APEX also moves you up a level and is not modelled here.
- Prediction markets on ApeX are priced separately and are not what these figures quote.
TxFlow
- TxFlow is an on-chain perp DEX: log in with email or a wallet and deposit USDC, no ID check.
- The Code takes 5% off your perp and spot fees, at the fill, on your first $25M of combined volume.
- Tiers use 14 day volume (perps plus spot together), scaled here to a monthly equivalent.
- A points program is live; points have often been followed by a token airdrop, but nothing is confirmed.
- New users may need an access code from TxFlow's Discord.
The two fee ladders
The evidence behind every figure above, as each exchange publishes it.
ApeX · Derivatives
Tier
30-day volume
Maker
Taker
Level 1
$0
0.02%
0.05%
Level 2
$10,714,286
0.015%
0.045%
Level 3
$53,571,429
0.01%
0.04%
Level 4
$214,285,714
0.005%
0.035%
Level 5
$1,071,428,571
0%
0.03%
Level 6
$2,142,857,143
0%
0.028%
Level 7
$4,285,714,286
0%
0.025%
TxFlow · Derivatives
Tier
30-day volume
Maker
Taker
VIP 0
$0
0.015%
0.045%
VIP 1
$10,714,286
0.012%
0.04%
VIP 2
$53,571,429
0.008%
0.035%
VIP 3
$214,285,714
0.004%
0.03%
VIP 4
$1,071,428,571
0%
0.028%
VIP 5
$2,142,857,143
0%
0.026%
VIP 6
$4,285,714,286
0%
0.024%
Questions
Which is cheaper, ApeX or TxFlow?
One answer at every volume:
- At every volume: ApeX is cheaper · $275 vs $428 at $1M
Why does the bigger rebate not always win?
A rebate is a share of the fee. A higher fee can hand back more dollars and still cost you more.
- ApeX: 45% back on a 0.05% fee → you pay 0.0275%
- TxFlow: 5% back on a 0.045% fee → you pay 0.0427%
- What you pay is the fee after the rebate, not the rebate %
Can I use both codes?
Yes.
- They are separate exchanges, so each account gets its own rebate
- Open each one through its own Rakebk link or code
- A code only works on a new account
How are these numbers worked out?
- Every order counted as a taker
- At the fee tier your monthly volume reaches on each exchange's published ladder
- Minus the rebate
- Both ladders are on this page, read from each exchange's own fee page
- Updated 19 Oct 2026
Go deeper
ApeX code and fees45% back · full fee ladder · what it is worth
TxFlow code and fees5% back · full fee ladder · what it is worth
