Head to head
the arrow points to the better figure| Extended | Phemex | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $12.01 |
| $639 | ◀BTC trade, $1M | $1,833 |
| $11.0M | BTC book depth▶ | $51.1M |
| 0.025%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 100x | Max leverage▶ | 150x |
| Size | ||
| $493.3M | Volume 24h▶ | $765.3M |
| $427.8M | Volume, 7-day average▶ | $739.5M |
| $203.1Mlongs + shorts | Open interest | $1.23Bone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 133 |
| 130 | ◀Stocks & RWA | 70 |
| 1h | Funding paid every | 4h or 8h |
| −0.0048% | BTC funding /8h | −0.0078% |
| +0.684% | BTC longs paid, 30d | +0.371% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade ETH
| Size | Extended | Phemex |
|---|---|---|
| $1k | $0.545.4 bp | $1.3013.0 bp |
| $10k | $5.375.4 bp | $13.1313.1 bp |
| $100k | $53.705.4 bp | $13313.3 bp |
| $1M | $9109.1 bp | $1,97719.8 bp |
| $5M | $12,64225.3 bp | $14,51329.0 bp |
HYPE funding per day
pair pageSize
daily, last yearVolume by asset class
last yearOn both: 95
funding /8h · Net 7d at $10k| Asset | Extended | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| BTC | −0.0048% | −0.0078% | +0.0030% | −$14 |
| ETH | +0.0032% | +0.0005% | +0.0027% | −$10 |
| HYPE | +0.0016% | +0.0034% | +0.0018% | −$43 |
| SOL | +0.0024% | +0.0100% | +0.0076% | −$22 |
| NEAR | +0.0104% | +0.0100% | +0.0004% | −$33 |
| ZEC | +0.0104% | −0.0071% | +0.0175% | −$44 |
| XRP | +0.0104% | +0.0090% | +0.0014% | −$21 |
| JUP | +0.0104% | +0.0100% | +0.0004% | −$112 |
| LIT | +0.0104% | +0.2061% | +0.1957% | −$57 |
| BNB | +0.0096% | 0.0000% | +0.0096% | −$17 |
| PUMP | +0.0104% | +0.0100% | +0.0004% | −$24 |
| SUI | −0.0056% | +0.0059% | +0.0115% | −$37 |
| AAVE | +0.0104% | +0.0089% | +0.0015% | −$43 |
| GRAM | +0.0104% | +0.0100% | +0.0004% | −$136 |
| ENA | +0.0104% | +0.0100% | +0.0004% | −$39 |
| LTC | +0.0104% | +0.0100% | +0.0004% | −$44 |
| ADA | +0.0104% | +0.0100% | +0.0004% | −$19 |
| TAO | +0.0104% | +0.0056% | +0.0048% | −$23 |
| FIL | +0.0064% | +0.0100% | +0.0036% | −$56 |
| LINK | +0.0104% | +0.0100% | +0.0004% | −$77 |
Only on Extended: 231
EUR · SP500 · XMR · ZRO · JTO · XAUT · AMZN · XPL · SHOP · ASTER · USDJPY · PLTR · AERO · CASHCAT · GRASS · STX · S · CHIP · MON · CRV · UNITREE · ORCL · WLFI · MORPHO · STRK · MEGA · COIN · FARTCOIN · APT · PURR · GRVT · XPT · DELL · TIA · TTWO · ETHFI · EIGEN · CBRS · KAITO · VIRTUAL · CHZ · JASMY · SEI · DASH · TXN · FET · AKT · BE · KSM · AZTEC · SAGA · ADI · QNT · BONK · OP · JP225 · ORCA · AR · TER · AMGN · 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 $12.01 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?
Not profitably right now: none of the 95 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Extended or Phemex?
24-hour volume: Extended $493.3M, Phemex $765.3M. Open interest as each reports it: $203.1M and $1.23B. 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.