Phoenix vs Binance
Binance traded 2392× Phoenix's 24-hour volume ($88.81B vs $37.1M) and holds 1428× its open interest.
Head to head
the arrow points to the better figure| Phoenix | Binance | |
|---|---|---|
| Trading | ||
| $8.30 | ◀BTC trade, $10k | $10.01 |
| $2,255 | BTC trade, $1M▶ | $1,159 |
| $4.5M | BTC book depth▶ | $14.5M |
| 0.035%/0.005% | ◀Taker / maker | 0.050%/0.020% |
| 40x | Max leverage▶ | 150x |
| Size | ||
| $37.1M | Volume 24h▶ | $88.81B |
| $50.8M | Volume, 7-day average▶ | $60.90B |
| $20.3M | Open interest▶ | $29.03B |
| — | TVL | — |
| Markets | ||
| 104 | Markets▶ | 800 |
| 50 | Stocks & RWA▶ | 235 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +1.354% | BTC longs paid, 30d | +0.488% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $BNB |
| — | Airdrop | — |
Cost to trade BTC
| Size | Phoenix | Binance |
|---|---|---|
| $1k | $0.727.2 bp | $1.0010.0 bp |
| $10k | $8.308.3 bp | $10.0110.0 bp |
| $100k | $13013.0 bp | $10010.0 bp |
| $1M | $2,25522.6 bp | $1,15911.6 bp |
| $5M | — | $7,82715.7 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 96
funding /8h · Net 7d at $10k| Asset | Phoenix | Binance | Spread | Net 7d |
|---|---|---|---|---|
| SOL | +0.0053% | +0.0076% | +0.0023% | −$26 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$26 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$24 |
| NEAR | +0.0099% | +0.0100% | +0.0001% | −$67 |
| ETH | +0.0099% | +0.0100% | +0.0001% | −$25 |
| HYPE | +0.0102% | +0.0100% | +0.0002% | −$8 |
| LIT | −0.0552% | −0.0043% | +0.0509% | −$80 |
| BNB | +0.0100% | +0.0142% | +0.0042% | −$14 |
| PUMP | +0.0101% | +0.0060% | +0.0042% | −$32 |
| CHIP | 0.0000% | +0.0100% | +0.0100% | −$90 |
| XPL | −0.0546% | +0.0100% | +0.0646% | −$57 |
| RENDER | −0.0161% | +0.0100% | +0.0261% | — |
| ZRO | −0.0246% | +0.0100% | +0.0346% | — |
| BONK | −0.0029% | +0.0100% | +0.0129% | — |
| MON | −0.0955% | −0.0159% | +0.0796% | — |
| PEPE | +0.0102% | +0.0100% | — | — |
| XRP | 0.0000% | +0.0100% | — | — |
| SHIB | −0.0197% | +0.0011% | — | — |
| VVV | 0.0000% | −0.0224% | +0.0224% | −$44 |
| MEGA | 0.0000% | +0.0100% | — | — |
Only on Binance: 660
SOXL · SKHYNIX · BZ · WLFI · PAXG · KORU · ASTER · BCH · XMR · XAUT · AIN · SOXS · TRUMP · DRAM · TQQQ · BIANRENSHENG · CAP · FF · SNXX · INJ · EWY · DOT · PENGU · SAMSUNG · HBAR · NATGAS · QNT · ICP · ETHFI · KITE · ARIA · IDOL · BEAM · BTW · ETC · BTCDOM · UNITREE · ATOM · ZHIPU · INTW · BMNR · STRK · GRAM · APT · SKY · LITE · TIA · PIEVERSE · DASH · POL · NIULAI · EVAA · BE · OPENAI · OP · MUBARAK · SOON · AGT · AAOI · ZHONGJI · and 600 more
Questions
Is Phoenix or Binance cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.30 on Phoenix and $10.01 on Binance right now, taker fee and order-book slippage together, so Phoenix is cheaper. Taker fees: 0.035% and 0.05%.
Which has more markets, Phoenix or Binance?
Phoenix lists 104 active markets and Binance 800; 96 assets trade on both, 47 of them stocks, commodities or other real-world assets.
Does Phoenix or Binance require KYC?
Phoenix: No ID; not available in the US or sanctioned countries. Binance: Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Can you arbitrage funding between Phoenix and Binance?
Not profitably right now: none of the 96 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Phoenix or Binance?
24-hour volume: Phoenix $37.1M, Binance $88.81B. Open interest as each reports it: $20.3M and $29.03B.