Arcus vs Phemex
Phemex traded 2.1× Arcus's 24-hour volume ($647.8M vs $311.9M) and holds 13× its open interest.
Head to head
the arrow points to the better figure| Arcus | Phemex | |
|---|---|---|
| Trading | ||
| $4.51 | ◀BTC trade, $10k | $12.01 |
| $660 | ◀BTC trade, $1M | $1,682 |
| $3.4M | BTC book depth▶ | $48.8M |
| 0.022%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $311.9M | Volume 24h▶ | $647.8M |
| $451.3M | Volume, 7-day average▶ | $734.5M |
| $87.2M | Open interest▶ | $1.15B |
| $47.4M | TVL | — |
| Markets | ||
| 60 | Markets▶ | 135 |
| 36 | Stocks & RWA▶ | 70 |
| 1h | Funding paid every | 4h or 8h |
| +0.0100% | BTC funding /8h | −0.0049% |
| — | BTC longs paid, 30d | +0.360% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade ETH
| Size | Arcus | Phemex |
|---|---|---|
| $1k | $0.494.9 bp | $1.2012.0 bp |
| $10k | $5.585.6 bp | $12.1012.1 bp |
| $100k | $57.965.8 bp | $12312.3 bp |
| $1M | $8999.0 bp | $1,71817.2 bp |
| $5M | — | $13,56227.1 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% | −0.0049% | +0.0149% | −$7 |
| ETH | +0.0100% | +0.0028% | +0.0072% | −$2 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$58 |
| SOL | +0.0100% | +0.0091% | +0.0009% | −$20 |
| ZEC | +0.0108% | +0.0100% | +0.0011% | −$19 |
| LIT | +0.0210% | +0.0263% | +0.0053% | −$26 |
| NEAR | +0.0100% | −0.0017% | +0.0111% | −$6 |
| ENA | +0.0279% | +0.0100% | +0.0179% | −$14 |
| PUMP | +0.0274% | +0.0100% | +0.0173% | −$18 |
| BNB | +0.0100% | 0.0000% | +0.0100% | −$16 |
| XRP | +0.0100% | −0.0026% | +0.0126% | −$15 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$47 |
| LINK | +0.0100% | +0.0100% | 0.0000% | −$33 |
| PONS | +0.0100% | +0.0100% | 0.0000% | −$120 |
| SUI | +0.0100% | −0.0020% | +0.0121% | −$12 |
| USELESS | +0.0527% | +0.0937% | +0.0430% | −$120 |
| AAVE | +0.0100% | +0.0100% | 0.0000% | −$43 |
| DOGE | +0.0100% | +0.0100% | 0.0000% | −$41 |
| TAO | +0.0100% | +0.0100% | 0.0000% | −$94 |
| PENGU | +0.0100% | +0.0100% | 0.0000% | −$98 |
Only on Arcus: 20
GLD · USO · SLV · AMZN · FARTCOIN · GME · USAR · BABA · PLTR · CASHCAT · BE · ORCL · CPER · CRWV · MRVL · COIN · BOT · QNT · DYDX · WLFI
Only on Phemex: 83
ADA · AVAX · LTC · XLM · ARB · BCH · NATGAS · COPPER · ONDO · TRX · JUP · ALGO · DOT · SNXX · WLD · XAU · ETC · HBAR · PEPE · SHIB · HYUNDAI · BZ · RENDER · GRAM · ATOM · RKLB · SOXS · KORU · WIF · CRWD · ICP · OPENAI · EWY · INJ · NOK · LDO · ANTHROPIC · ALAB · ZAMA · PAXG · MVLL · NFLX · SMCI · QCOM · SAMSUNG · POL · TSM · AVGO · LITE · CSCO · SYN · BMNR · NAS100 · MARSCOIN · CAKE · UVXY · SOXL · BRKB · DIS · 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 $12.01 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 SNDK, long on Phemex and short on Arcus, with $1 left after costs.
Which is bigger, Arcus or Phemex?
24-hour volume: Arcus $311.9M, Phemex $647.8M. Open interest as each reports it: $87.2M and $1.15B. TVL: $47.4M and none published.