After my worst week on Variational, I moved to a few earlier perp DEXs. One of them is
@bulktrade.
Most Solana perp farms are crowded. Bulk is still invite-only and pre-token
Why am I farming Bulk?
Volume is still early. I’m seeing about $22M in average daily trades, so the points pool isn’t as packed as the bigger books.
A lot of people think parking funds in the vault is how you earn more AURA. That’s wrong. Post-mainnet, volume is what moves your points.
Drift and Jupiter own the old flow. Pacifica is the other live book. Bulk is the weird one: matching inside the validator client, invite-only, still pre-token.
Founders & Investors of Bulk Trade
There are two co-founders
@kdotcrypto and
@junbug_sol.
Funding: ~$500K angel in Aug 2024, then an $8M seed in Sept 2025 led by 6th Man Ventures and Robot Ventures. Wintermute and Mirana also joined.
Fees
First 30 days (Genesis): 0 bps maker.
After that: up to 2.0 bps maker for smaller accounts, 3.5 bps taker.
Check the fee structure in the attached images.
When Points Drop
My week: 100 AURA on $15K volume, rank ~1,400 in Challenger.
I mostly trade bitcoin:native ethereum:native , and hyperliquid:native
I’ll push more volume this week. Invite codes are in the reply — DM me if those are gone.