Arcus vs Phemex
Phemex traded 1.8× Arcus's 24-hour volume ($1.04B vs $589.2M) and holds 15× its open interest.
Head to head
the arrow points to the better figure| Arcus | Phemex | |
|---|---|---|
| Trading | ||
| $4.51 | ◀BTC trade, $10k | $12.01 |
| $663 | ◀BTC trade, $1M | $1,577 |
| $3.3M | BTC book depth▶ | $49.4M |
| 0.022%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $589.2M | Volume 24h▶ | $1.04B |
| $460.8M | Volume, 7-day average▶ | $759.8M |
| $75.0M | 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 | +0.0079% |
| — | 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 | $47.594.8 bp | $12212.2 bp |
| $1M | $6636.6 bp | $1,57715.8 bp |
| $5M | — | $15,02730.1 bp |
BTC funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 40
funding /8h · Net 7d at $10k| Asset | Arcus | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| NVDA | +0.0038% | 0.0000% | +0.0038% | −$30 |
| QQQ | +0.0038% | 0.0000% | +0.0038% | −$5 |
| GOOGL | +0.0038% | 0.0000% | +0.0038% | −$55 |
| AAPL | +0.0038% | 0.0000% | +0.0038% | −$84 |
| HOOD | +0.0038% | 0.0000% | +0.0038% | −$211 |
| SPY | +0.0038% | 0.0000% | +0.0038% | −$59 |
| MU | +0.0038% | +0.0100% | +0.0062% | −$91 |
| META | +0.0038% | 0.0000% | +0.0038% | −$48 |
| DRAM | +0.0038% | 0.0000% | +0.0038% | −$54 |
| SNDK | +0.0038% | 0.0000% | +0.0038% | $0 |
| SPCX | +0.0038% | +0.0050% | +0.0012% | −$26 |
| CRCL | +0.0038% | 0.0000% | +0.0038% | −$53 |
| TSLA | +0.0038% | 0.0000% | +0.0038% | −$12 |
| MSFT | +0.0038% | 0.0000% | +0.0038% | −$44 |
| INTC | +0.0038% | 0.0000% | +0.0038% | −$61 |
| AMD | +0.0038% | 0.0000% | +0.0038% | −$209 |
| MSTR | +0.0038% | 0.0000% | +0.0038% | −$244 |
| NBIS | +0.0038% | 0.0000% | +0.0038% | −$87 |
| SKHY | +0.0038% | 0.0000% | +0.0038% | −$121 |
| MRNA | +0.0038% | 0.0000% | +0.0038% | −$81 |
Only on Arcus: 20
GLD · USO · AMZN · SLV · FARTCOIN · GME · CASHCAT · USAR · BABA · ORCL · PLTR · CRWV · BOT · BE · COIN · MRVL · CPER · DYDX · QNT · WLFI
Only on Phemex: 83
ADA · AVAX · LTC · XLM · BCH · ARB · COPPER · NATGAS · ONDO · ALGO · TRX · JUP · DOT · SNXX · WLD · XAU · SHIB · ETC · HYUNDAI · PEPE · BZ · HBAR · RENDER · XAG · ATOM · RKLB · SOXS · OPENAI · WIF · SMCI · EWY · ALAB · ICP · CRWD · NOK · NFLX · TSM · PAXG · MVLL · GRAM · ANTHROPIC · SAMSUNG · QCOM · LITE · LDO · AVGO · SOXL · ZAMA · SYN · NAS100 · 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 $12.01 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: 2 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 $16 left after costs.
Which is bigger, Arcus or Phemex?
24-hour volume: Arcus $589.2M, Phemex $1.04B. Open interest as each reports it: $75.0M and $1.13B. TVL: $43.8M and none published.