Arcus vs Phemex
Phemex traded 1.7× Arcus's 24-hour volume ($1.06B vs $611.9M) and holds 15× its open interest.
Head to head
the arrow points to the better figure| Arcus | Phemex | |
|---|---|---|
| Trading | ||
| $4.51 | ◀BTC trade, $10k | $12.45 |
| $620 | ◀BTC trade, $1M | $1,596 |
| $3.3M | BTC book depth▶ | $50.3M |
| 0.022%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $611.9M | Volume 24h▶ | $1.06B |
| $460.8M | Volume, 7-day average▶ | $759.8M |
| $74.8M | 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 | +0.0100% |
| — | 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 | $1.2312.3 bp |
| $10k | $4.514.5 bp | $12.4512.4 bp |
| $100k | $47.174.7 bp | $13413.4 bp |
| $1M | $6206.2 bp | $1,59616.0 bp |
| $5M | — | $15,34430.7 bp |
ZEC 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 |
|---|---|---|---|---|
| NVDA | +0.0038% | 0.0000% | +0.0038% | −$26 |
| QQQ | +0.0038% | 0.0000% | +0.0038% | −$5 |
| GOOGL | +0.0038% | 0.0000% | +0.0038% | −$52 |
| AAPL | +0.0038% | 0.0000% | +0.0038% | −$88 |
| HOOD | +0.0038% | 0.0000% | +0.0038% | −$205 |
| SPY | +0.0038% | 0.0000% | +0.0038% | −$65 |
| MU | +0.0038% | +0.0100% | +0.0062% | −$93 |
| META | +0.0038% | 0.0000% | +0.0038% | −$60 |
| DRAM | +0.0038% | 0.0000% | +0.0038% | −$69 |
| SNDK | +0.0038% | 0.0000% | +0.0038% | −$3 |
| SPCX | +0.0038% | +0.0050% | +0.0012% | −$17 |
| CRCL | +0.0038% | 0.0000% | +0.0038% | −$63 |
| TSLA | +0.0038% | 0.0000% | +0.0038% | −$12 |
| MSFT | +0.0038% | 0.0000% | +0.0038% | −$53 |
| INTC | +0.0038% | 0.0000% | +0.0038% | −$61 |
| AMD | +0.0038% | 0.0000% | +0.0038% | −$231 |
| MSTR | +0.0038% | 0.0000% | +0.0038% | −$256 |
| NBIS | +0.0038% | 0.0000% | +0.0038% | −$73 |
| SKHY | +0.0038% | 0.0000% | +0.0038% | −$117 |
| MRNA | +0.0038% | 0.0000% | +0.0038% | −$89 |
Only on Arcus: 20
GLD · USO · AMZN · SLV · FARTCOIN · GME · CASHCAT · USAR · PLTR · ORCL · BABA · CRWV · BOT · BE · MRVL · COIN · CPER · DYDX · QNT · WLFI
Only on Phemex: 83
ADA · AVAX · LTC · XLM · BCH · ARB · ONDO · COPPER · NATGAS · TRX · ALGO · JUP · DOT · SNXX · WLD · XAU · SHIB · ETC · HYUNDAI · PEPE · BZ · HBAR · RENDER · XAG · RKLB · ATOM · SOXS · OPENAI · ICP · WIF · SMCI · EWY · ALAB · CRWD · NFLX · NOK · TSM · ANTHROPIC · PAXG · LDO · GRAM · MVLL · SAMSUNG · QCOM · LITE · AVGO · ZAMA · SOXL · NAS100 · SYN · POL · BMNR · INJ · CSCO · MARSCOIN · KORU · UVXY · FIL · 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 $12.45 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 $15 left after costs.
Which is bigger, Arcus or Phemex?
24-hour volume: Arcus $611.9M, Phemex $1.06B. Open interest as each reports it: $74.8M and $1.13B. TVL: $43.8M and none published.