Head to head
the arrow points to the better figure| Extended | Phemex | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $12.01 |
| $704 | ◀BTC trade, $1M | $1,693 |
| $10.8M | BTC book depth▶ | $48.1M |
| 0.025%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 100x | Max leverage▶ | 150x |
| Size | ||
| $490.6M | Volume 24h▶ | $758.3M |
| $427.8M | Volume, 7-day average▶ | $739.5M |
| $203.1Mlongs + shorts | Open interest | $1.24Bone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 133 |
| 130 | ◀Stocks & RWA | 70 |
| 1h | Funding paid every | 4h or 8h |
| +0.0024% | BTC funding /8h | +0.0032% |
| +0.688% | BTC longs paid, 30d | +0.374% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Phemex |
|---|---|---|
| $1k | $0.515.1 bp | $1.2012.0 bp |
| $10k | $5.125.1 bp | $12.0112.0 bp |
| $100k | $56.935.7 bp | $13113.1 bp |
| $1M | $7047.0 bp | $1,69316.9 bp |
| $5M | $10,04820.1 bp | $15,37630.8 bp |
LIT 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 | +0.0024% | +0.0032% | +0.0008% | −$21 |
| ETH | +0.0104% | +0.0044% | +0.0060% | −$9 |
| HYPE | +0.0104% | +0.0100% | +0.0004% | −$46 |
| SOL | +0.0080% | +0.0100% | +0.0020% | −$21 |
| NEAR | +0.0040% | +0.0100% | +0.0060% | −$48 |
| ZEC | +0.0104% | +0.0100% | +0.0004% | −$40 |
| XRP | +0.0104% | +0.0100% | +0.0004% | −$21 |
| JUP | +0.0104% | +0.0100% | +0.0004% | −$114 |
| BNB | +0.0104% | +0.0086% | +0.0018% | −$16 |
| LIT | +0.0104% | +0.0100% | +0.0004% | −$34 |
| PUMP | +0.0104% | −0.0013% | +0.0117% | −$15 |
| SUI | +0.0088% | +0.0100% | +0.0012% | −$34 |
| GRAM | +0.0104% | +0.0100% | +0.0004% | −$147 |
| AAVE | +0.0104% | +0.0100% | +0.0004% | −$38 |
| ENA | +0.0104% | +0.0100% | +0.0004% | −$49 |
| LTC | +0.0104% | +0.0100% | +0.0004% | −$45 |
| ADA | +0.0104% | +0.0100% | +0.0004% | −$15 |
| TAO | +0.0104% | −0.0051% | +0.0155% | −$26 |
| FIL | +0.0096% | +0.0100% | +0.0004% | −$45 |
| LINK | +0.0104% | +0.0161% | +0.0057% | +$17 |
Only on Extended: 231
EUR · SP500 · XMR · ZRO · JTO · XAUT · AMZN · XPL · SHOP · ASTER · USDJPY · PLTR · CASHCAT · AERO · GRASS · STX · S · MON · CHIP · CRV · UNITREE · ORCL · MORPHO · WLFI · STRK · MEGA · FARTCOIN · COIN · APT · PURR · GRVT · CBRS · DELL · TIA · ETHFI · TTWO · EIGEN · XPT · KAITO · VIRTUAL · CHZ · SEI · JASMY · DASH · TXN · FET · BE · AKT · KSM · AZTEC · ADI · SAGA · QNT · BONK · OP · JP225 · SPX · TER · AMAT · 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?
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 LINK, long on Extended and short on Phemex, with $17 left after costs.
Which is bigger, Extended or Phemex?
24-hour volume: Extended $490.6M, Phemex $758.3M. Open interest as each reports it: $203.1M 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.