Head to head
the arrow points to the better figure| Extended | Phemex | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $12.08 |
| $599 | ◀BTC trade, $1M | $1,690 |
| $12.2M | BTC book depth▶ | $46.9M |
| 0.025%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 100x | Max leverage▶ | 150x |
| Size | ||
| $499.7M | Volume 24h▶ | $762.0M |
| $427.8M | Volume, 7-day average▶ | $739.5M |
| $203.6Mlongs + shorts | Open interest | $1.24Bone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 133 |
| 130 | ◀Stocks & RWA | 70 |
| 1h | Funding paid every | 4h or 8h |
| −0.0032% | BTC funding /8h | +0.0031% |
| +0.687% | BTC longs paid, 30d | +0.374% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade ETH
| Size | Extended | Phemex |
|---|---|---|
| $1k | $0.545.4 bp | $1.2012.0 bp |
| $10k | $5.375.4 bp | $12.0412.0 bp |
| $100k | $56.445.6 bp | $13413.4 bp |
| $1M | $1,03010.3 bp | $2,23522.3 bp |
| $5M | $12,69925.4 bp | $16,98234.0 bp |
HYPE funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 95
funding /8h · Net 7d at $10k| Asset | Extended | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| XAU | +0.0032% | 0.0000% | +0.0040% | −$109 |
| NAS100 | +0.0032% | 0.0000% | +0.0032% | −$77 |
| XAG | +0.0032% | 0.0000% | +0.0032% | −$50 |
| COPPER | +0.0032% | 0.0000% | +0.0032% | −$103 |
| NATGAS | +0.0800% | +0.0377% | +0.0426% | −$194 |
| BZ | −0.0488% | 0.0000% | +0.0488% | −$182 |
| SKHYNIX | −0.0296% | 0.0000% | +0.0272% | −$113 |
| SPCX | −0.0184% | +0.0050% | +0.0234% | −$20 |
| CL | +0.0032% | 0.0000% | +0.0032% | −$119 |
| META | 0.0000% | 0.0000% | 0.0000% | −$105 |
| NVDA | +0.0032% | 0.0000% | +0.0032% | −$77 |
| TSLA | 0.0000% | 0.0000% | 0.0000% | −$41 |
| MU | +0.0032% | +0.0100% | +0.0068% | −$73 |
| CRCL | 0.0000% | 0.0000% | 0.0000% | −$130 |
| MSFT | 0.0000% | 0.0000% | 0.0000% | −$54 |
| SNDK | +0.0032% | 0.0000% | +0.0032% | −$33 |
| MSTR | +0.0032% | 0.0000% | +0.0032% | −$223 |
| GOOGL | +0.0200% | 0.0000% | +0.0208% | −$58 |
| AMD | 0.0000% | 0.0000% | 0.0000% | −$255 |
| AAPL | 0.0000% | 0.0000% | 0.0000% | −$96 |
Only on Extended: 231
EUR · SP500 · XMR · ZRO · JTO · AMZN · XAUT · XPL · SHOP · ASTER · USDJPY · PLTR · CASHCAT · AERO · GRASS · STX · S · CHIP · MON · CRV · UNITREE · ORCL · WLFI · MORPHO · MEGA · STRK · FARTCOIN · COIN · APT · PURR · GRVT · DELL · TIA · ETHFI · TTWO · CBRS · EIGEN · XPT · KAITO · VIRTUAL · SEI · CHZ · JASMY · DASH · TXN · FET · KSM · BE · AKT · AZTEC · ADI · SAGA · OP · QNT · BONK · ORCA · JP225 · TER · AMGN · AMAT · and 171 more
Questions
Is Extended or Phemex cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.12 on Extended and $12.08 on Phemex right now, taker fee and order-book slippage together, so Extended is cheaper. Taker fees: 0.025% and 0.06%.
Which has more markets, Extended or Phemex?
Extended lists 307 active markets and Phemex 133; 95 assets trade on both, 45 of them stocks, commodities or other real-world assets.
Does Extended or Phemex require KYC?
Extended: No ID (only transaction screening and third-party on-ramps); not for the US, UK, Canada, Hong Kong, Russia or sanctioned countries. Phemex: KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Can you arbitrage funding between Extended 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 LINK, long on Extended and short on Phemex, with $17 left after costs.
Which is bigger, Extended or Phemex?
24-hour volume: Extended $499.7M, Phemex $762.0M. Open interest as each reports it: $203.6M and $1.24B. Extended reports open interest as longs plus shorts, both sides of every position; Phemex reports one side. For the same positions Extended's figure reads about twice as large. TVL: $119.2M and none published.