SunX Review — Live Volume, OI & Fees
Live SunX stats updated every minute: 24h volume, open interest, fees (0.020% maker / 0.040% taker), and up to 100x leverage across 35+ pairs on Tron.
Verdict
5/10 · how we rankCompetitive standard fees (0.04% taker / 0.02% maker) with a real CLOB, not an oracle/AMM knockoff. Main trade-off: audit scope is narrow: SlowMist reviewed only the deposit/withdrawal vault, never the off-chain matching or liquidation engine — and one Medium "excessive authority" finding was acknowledged, not fixed.
Best for
Avoid if
Last editorial review 2026-07-13 · live stats below refresh every minute — rating is our editorial assessment, not an objective fact.
Rating
Trading Info
Fee Comparison
Advantages
- Competitive standard fees (0.04% taker / 0.02% maker) with a real CLOB, not an oracle/AMM knockoff
- Uncommon tokenomics: 100% of revenue buys back and burns an already-liquid token (SUN) rather than issuing a new speculative one
- Built-in CEX-to-DEX funnel via the TRON / HTX / SUN "Golden Triangle" — distribution most new perp DEXes lack
- Broad market list (35 documented, 80+ live) up to 100x on majors, all gasless on TRON
Considerations
- Audit scope is narrow: SlowMist reviewed only the deposit/withdrawal vault, never the off-chain matching or liquidation engine — and one Medium "excessive authority" finding was acknowledged, not fixed
- Withdrawals are not self-serve — they require a permissioned operator plus a multisig validator set, closer to a custodial vault than a self-custodial wallet
- Association risk: advisor Justin Sun / TRON settled an SEC suit in March 2026 ($10M, no admission) that had alleged TRX wash trading — material context for a venue whose growth leaned on incentive campaigns
- Reported volume is heavily "Trade-to-Earn"-incentivised, and CoinGecko does not currently trust-verify it (showed $0 verified volume at review time)
SunX Review 2026
What SunX is
SunX is a perpetual-futures exchange in the TRON ecosystem. It launched as SunPerp around September 2025 and changed its name on 25 November 2025. Its marketing calls TRON, HTX and SUN.io the "Golden Triangle". TRON provides the chain, HTX brings users, and SUN.io adds DeFi products and liquidity. Justin Sun is a named advisor to SunX and HTX. He is not listed as the founder or operator.
SunX uses a central limit order book. Its docs cover post-only orders, book-based market fills and auto-deleveraging. Matching runs on SunX servers. Settlement and custody run on-chain. This hybrid model can support fast trading. It also means the system that chooses fills and liquidations is outside the audited contracts.
Fees: competitive, with real revenue mechanics
The base schedule is 0.04% taker and 0.02% maker. That is cheaper than many CEX base tiers and close to the middle of the perp DEX market. Compare it with every venue in our fee calculator. SunX says all revenue funds purchases and burns of the existing SUN token. It does not create a new governance token for this program. The value of that policy depends on whether you hold SUN.
Read this before depositing: the audit and custody model
As of July 2026, SlowMist provides the only published security review. It covers only the vault contracts for deposits and withdrawals. It does not cover matching, trading or liquidation.
There are two narrow reports. SlowMist rated the main TRON vault "Medium Risk". One medium finding about excessive authority was acknowledged but not fixed. It rated the Solana vault "Low Risk". The team chose not to fix one replay-risk item. Some secondary sites mention CertiK or PeckShield audits, but we could not verify them. SunX lists only SlowMist.
Withdrawals are not self-serve. The audited code gives this task to a permitted operator. A preset validator group must also approve through a multisig. Users therefore depend on both the operator and validators to move funds. Our 4/10 security score reflects this custody model, the narrow audit scope and the unaudited trading engine. SunX has more trust assumptions than the self-custodial venues near the top of our rankings.
Backing, token and the risk you can't ignore
There is no separate SunX token. Rewards, referrals and buybacks use SUN. A non-tradeable SOLAR POINTS loyalty system sits above it. Leadership is less clear. SunX names Justin Sun as an advisor but does not publish a CEO or operating entity.
The regulatory history is relevant. In March 2026, the SEC settled its case against Justin Sun and the Tron and BitTorrent entities. Rainberry Inc. agreed to a $10M civil penalty. Other claims were dismissed, with no admission or denial of wrongdoing. The 2023 complaint had included an allegation of wash trading in TRX.
SunX growth also used Trade-to-Earn campaigns and negative fees. These programs reward frequent round trips and can increase reported volume. CoinGecko did not trust-verify the volume at review time. TRON also relies on 27 rotating Super Representatives, so its base layer is more centralized than Ethereum or Solana.
Markets and leverage
SunX documents 35 USDT pairs with separate risk tiers. The live list can be larger. CoinGecko showed 88 at review time, while SunX marketing claimed more than 100. Markets cover crypto majors, altcoins and memecoins. There are no equities or FX products.
Leverage falls as position size rises. Small BTC-USDT and ETH-USDT positions can reach 100x. BNB reaches 75x, selected altcoins reach 50x, and most other markets offer 20x or 30x. Trading is gasless on TRON.
Verdict
SunX is a working order-book exchange with low fees and strong distribution in the TRON ecosystem. The risks are also clear. Only the vault is audited, withdrawals need operator approval, and trading volume has strong incentives. Its main advisor has a relevant regulatory history. SunX may fit a small, active position for traders who accept those risks. Keep larger balances on venues with broader audits and fewer custody dependencies.
PerpFinder Research
Editorial TeamEditorial team tracking 100+ perpetual futures venues with live on-chain and exchange data.
Independent Site: PerpFinder is not the venues covered on this page and is not affiliated with, endorsed by, or operated by the venues it covers. We do not connect wallets, process deposits, distribute tokens, or verify reward eligibility. Never share a password, seed phrase, or private key with anyone.
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Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
Is SunX audited?▾
Only partly. SlowMist audited the deposit/withdrawal vault contracts (the TRON vault "Medium Risk," a Solana vault "Low Risk"), but the off-chain matching, trading and liquidation engine — the code that decides your fills and liquidations — has no published audit. Claims of CertiK/PeckShield audits could not be verified; SunX's own page lists SlowMist only. Treat deposits accordingly.
What are SunX's trading fees?▾
The standard tier is 0.04% taker and 0.02% maker, USDT-margined and gasless on TRON. 100% of SunX revenue funds buyback-and-burn of the SUN token. VIP/volume tiers and periodic zero-fee "Trade-to-Earn" campaigns can lower the effective rate.
Can I withdraw from SunX whenever I want?▾
Not purely self-serve. Per the audited vault code, withdrawals are executed by a permissioned operator role and require multi-signature approval from a preset validator group, with hourly rate limits on ordinary withdrawals. It is closer to a light-custodial vault than a self-custodial DEX — a key thing to understand before depositing size.
Is SunX connected to Justin Sun?▾
Yes — Justin Sun is a named advisor to SunX (and HTX), and SunX sits inside the TRON / HTX / SUN ecosystem. In March 2026 the SEC settled its case against Sun and the Tron entities for a $10M penalty with no admission of wrongdoing; the original complaint had alleged TRX wash trading. That context is worth weighing given SunX's incentive-driven volume history.
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