Arcus vs Phemex
Phemex traded 1.7× Arcus's 24-hour volume ($1.07B vs $623.3M) and holds 16× its open interest.
Head to head
the arrow points to the better figure| Arcus | Phemex | |
|---|---|---|
| Trading | ||
| $4.51 | ◀BTC trade, $10k | $12.01 |
| $706 | ◀BTC trade, $1M | $1,662 |
| $3.4M | BTC book depth▶ | $48.5M |
| 0.022%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $623.3M | Volume 24h▶ | $1.07B |
| $460.8M | Volume, 7-day average▶ | $759.8M |
| $70.9M | Open interest▶ | $1.13B |
| $43.8M | TVL | — |
| Markets | ||
| 60 | Markets▶ | 135 |
| 36 | Stocks & RWA▶ | 70 |
| 1h | Funding paid every | 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0071% |
| — | BTC longs paid, 30d | +0.372% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Arcus | Phemex |
|---|---|---|
| $1k | $0.454.5 bp | $1.2012.0 bp |
| $10k | $4.514.5 bp | $12.0112.0 bp |
| $100k | $49.444.9 bp | $13213.2 bp |
| $1M | $7067.1 bp | $1,66216.6 bp |
| $5M | — | $15,52531.1 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 40
funding /8h · Net 7d at $10k| Asset | Arcus | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0071% | +0.0029% | −$8 |
| ETH | +0.0100% | +0.0061% | +0.0039% | −$2 |
| SOL | +0.0100% | +0.0100% | 0.0000% | −$19 |
| HYPE | +0.0100% | −0.0056% | +0.0156% | −$42 |
| ZEC | +0.0100% | +0.0055% | +0.0045% | −$15 |
| NEAR | +0.0100% | −0.0470% | +0.0570% | −$27 |
| ENA | +0.0327% | +0.0100% | +0.0227% | −$28 |
| LIT | +0.0267% | +0.0100% | +0.0167% | −$49 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$49 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$85 |
| BNB | +0.0100% | 0.0000% | +0.0100% | −$16 |
| LINK | +0.0100% | +0.0251% | +0.0151% | −$27 |
| PONS | +0.0100% | +0.0100% | 0.0000% | −$150 |
| TAO | +0.0170% | −0.0323% | +0.0493% | +$13 |
| XRP | +0.0100% | −0.0160% | +0.0260% | −$21 |
| DOGE | +0.0100% | +0.0100% | 0.0000% | −$56 |
| SUI | +0.0100% | +0.0045% | +0.0055% | −$16 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$51 |
| USELESS | +0.0447% | +0.0100% | +0.0347% | −$42 |
| PENGU | +0.0100% | +0.0100% | 0.0000% | −$101 |
Only on Arcus: 20
GLD · AMZN · SLV · USO · FARTCOIN · GME · CASHCAT · USAR · ORCL · PLTR · BABA · BOT · CRWV · BE · MRVL · CPER · COIN · DYDX · QNT · WLFI
Only on Phemex: 83
ADA · AVAX · LTC · XLM · BCH · ONDO · ARB · COPPER · NATGAS · ALGO · TRX · JUP · DOT · SNXX · WLD · XAU · SHIB · ETC · HYUNDAI · PEPE · BZ · HBAR · XAG · RENDER · RKLB · ATOM · SOXS · OPENAI · EWY · SMCI · WIF · CRWD · ALAB · ICP · NFLX · NOK · TSM · LITE · PAXG · ANTHROPIC · GRAM · SAMSUNG · MVLL · QCOM · LDO · AVGO · NAS100 · SOXL · SYN · ZAMA · POL · BMNR · CSCO · FIL · INJ · UVXY · KORU · MARSCOIN · BRKB · DIS · and 23 more
Questions
Is Arcus or Phemex cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $4.51 on Arcus and $12.01 on Phemex right now, taker fee and order-book slippage together, so Arcus is cheaper. Taker fees: 0.0225% and 0.06%.
Which has more markets, Arcus or Phemex?
Arcus lists 60 active markets and Phemex 135; 40 assets trade on both, 20 of them stocks, commodities or other real-world assets.
Does Arcus or Phemex require KYC?
Arcus: No ID; not available in the US, Canada, the UK or sanctioned regions. Phemex: KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Can you arbitrage funding between Arcus and Phemex?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was TAO, long on Phemex and short on Arcus, with $13 left after costs.
Which is bigger, Arcus or Phemex?
24-hour volume: Arcus $623.3M, Phemex $1.07B. Open interest as each reports it: $70.9M and $1.13B. TVL: $43.8M and none published.