Head to head
the arrow points to the better figure| Extended | Phemex | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $12.01 |
| $626 | ◀BTC trade, $1M | $1,616 |
| $9.0M | BTC book depth▶ | $51.5M |
| 0.025%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 100x | Max leverage▶ | 150x |
| Size | ||
| $502.3M | Volume 24h▶ | $760.1M |
| $427.8M | Volume, 7-day average▶ | $739.5M |
| $202.6Mlongs + shorts | Open interest | $1.24Bone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 133 |
| 130 | ◀Stocks & RWA | 70 |
| 1h | Funding paid every | 4h or 8h |
| +0.0088% | BTC funding /8h | +0.0037% |
| +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 | $51.165.1 bp | $12212.2 bp |
| $1M | $6266.3 bp | $1,61616.2 bp |
| $5M | $13,01526.0 bp | $15,01730.0 bp |
BTC funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 95
funding /8h · Net 7d at $10k| Asset | Extended | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0088% | +0.0037% | +0.0051% | −$14 |
| ETH | +0.0104% | +0.0056% | +0.0048% | −$9 |
| HYPE | +0.0016% | +0.0100% | +0.0084% | −$47 |
| SOL | +0.0104% | +0.0100% | +0.0004% | −$21 |
| NEAR | +0.0104% | +0.0100% | +0.0004% | −$39 |
| ZEC | +0.0104% | +0.0100% | +0.0004% | −$43 |
| XRP | +0.0104% | +0.0100% | +0.0004% | −$22 |
| JUP | +0.0104% | +0.0100% | +0.0004% | −$107 |
| BNB | −0.0032% | +0.0092% | +0.0124% | −$24 |
| LIT | +0.0104% | +0.0100% | +0.0004% | −$28 |
| PUMP | +0.0104% | +0.0100% | +0.0004% | −$20 |
| SUI | +0.0104% | +0.0100% | +0.0004% | −$13 |
| GRAM | +0.0104% | +0.0100% | +0.0004% | −$148 |
| AAVE | +0.0104% | +0.0100% | +0.0004% | −$41 |
| ENA | +0.0104% | +0.0100% | +0.0004% | −$45 |
| LTC | +0.0104% | +0.0100% | +0.0004% | −$38 |
| ADA | +0.0104% | +0.0100% | +0.0004% | −$22 |
| TAO | +0.0104% | +0.0100% | +0.0004% | −$24 |
| FIL | +0.0104% | +0.0100% | +0.0004% | −$69 |
| LINK | +0.0104% | +0.0215% | +0.0111% | +$20 |
Only on Extended: 230
EUR · SP500 · XMR · ZRO · AMZN · JTO · XAUT · XPL · SHOP · ASTER · USDJPY · PLTR · CASHCAT · AERO · GRASS · STX · S · CRV · MON · CHIP · UNITREE · COIN · ORCL · WLFI · MORPHO · MEGA · FARTCOIN · STRK · APT · PURR · GRVT · DELL · CBRS · TIA · TTWO · EIGEN · XPT · KAITO · ETHFI · VIRTUAL · CHZ · SEI · JASMY · DASH · TXN · FET · KSM · BE · AZTEC · AKT · ADI · SAGA · QNT · BONK · OP · JP225 · ORCA · TER · SPX · AMAT · and 170 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: 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 $20 left after costs.
Which is bigger, Extended or Phemex?
24-hour volume: Extended $502.3M, Phemex $760.1M. Open interest as each reports it: $202.6M 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.