Arcus vs Phemex
Phemex traded 2.1× Arcus's 24-hour volume ($699.1M vs $333.3M) and holds 13× its open interest.
Head to head
the arrow points to the better figure| Arcus | Phemex | |
|---|---|---|
| Trading | ||
| $4.51 | ◀BTC trade, $10k | $12.03 |
| $667 | ◀BTC trade, $1M | $1,553 |
| $3.3M | BTC book depth▶ | $47.9M |
| 0.022%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $333.3M | Volume 24h▶ | $699.1M |
| $451.3M | Volume, 7-day average▶ | $734.5M |
| $86.7M | Open interest▶ | $1.14B |
| $47.4M | TVL | — |
| Markets | ||
| 60 | Markets▶ | 135 |
| 36 | Stocks & RWA▶ | 70 |
| 1h | Funding paid every | 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0050% |
| — | BTC longs paid, 30d | +0.363% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade ETH
| Size | Arcus | Phemex |
|---|---|---|
| $1k | $0.454.5 bp | $1.2012.0 bp |
| $10k | $4.694.7 bp | $12.1012.1 bp |
| $100k | $52.765.3 bp | $13113.1 bp |
| $1M | $9229.2 bp | $2,41524.2 bp |
| $5M | — | $19,89939.8 bp |
ETH funding per day
pair pageSize
daily, since Jul 1Volume by asset class
last yearOn both: 40
funding /8h · Net 7d at $10k| Asset | Arcus | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0050% | +0.0050% | −$7 |
| ETH | +0.0100% | +0.0011% | +0.0089% | −$1 |
| HYPE | +0.0240% | +0.0071% | +0.0169% | −$32 |
| SOL | +0.0100% | +0.0099% | +0.0001% | −$19 |
| NEAR | +0.0277% | +0.0043% | +0.0234% | −$5 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$56 |
| LIT | +0.0100% | +0.0100% | 0.0000% | −$28 |
| ENA | +0.1068% | +0.0100% | +0.0968% | −$12 |
| PUMP | +0.0297% | +0.0100% | +0.0197% | −$16 |
| BNB | +0.0100% | 0.0000% | +0.0100% | −$20 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$45 |
| LINK | +0.0100% | +0.0100% | 0.0000% | −$28 |
| XRP | +0.0100% | +0.0029% | +0.0071% | −$16 |
| PONS | +0.0100% | +0.0100% | 0.0000% | −$139 |
| SUI | +0.0100% | −0.0111% | +0.0211% | −$21 |
| DOGE | +0.0100% | +0.0057% | +0.0043% | −$13 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$43 |
| USELESS | +0.0100% | +0.1074% | +0.0974% | −$148 |
| TAO | +0.0100% | −0.0091% | +0.0191% | +$17 |
| PENGU | +0.0100% | +0.0100% | 0.0000% | −$88 |
Only on Arcus: 20
GLD · USO · SLV · AMZN · FARTCOIN · GME · USAR · PLTR · CASHCAT · BABA · BE · ORCL · CPER · CRWV · MRVL · BOT · COIN · QNT · DYDX · WLFI
Only on Phemex: 83
ADA · AVAX · LTC · XLM · BCH · ARB · NATGAS · COPPER · ONDO · TRX · JUP · ALGO · DOT · WLD · SNXX · XAU · ETC · SHIB · PEPE · HYUNDAI · HBAR · BZ · RENDER · ATOM · GRAM · RKLB · SOXS · WIF · CRWD · ICP · KORU · OPENAI · EWY · LDO · NOK · INJ · ANTHROPIC · ALAB · PAXG · NFLX · MVLL · SMCI · POL · QCOM · SAMSUNG · ZAMA · TSM · LITE · AVGO · CSCO · NAS100 · BMNR · SYN · MARSCOIN · CAKE · SOXL · FIL · UVXY · BRKB · KSTR · 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 $12.03 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 $17 left after costs.
Which is bigger, Arcus or Phemex?
24-hour volume: Arcus $333.3M, Phemex $699.1M. Open interest as each reports it: $86.7M and $1.14B. TVL: $47.4M and none published.