Head to head
the arrow points to the better figure| Phoenix | Gate | |
|---|---|---|
| Trading | ||
| $8.30 | ◀BTC trade, $10k | $15.01 |
| $2,255 | BTC trade, $1M▶ | $1,788 |
| $4.5M | BTC book depth▶ | $9.1M |
| 0.035%/0.005% | ◀Taker / maker | 0.075%/-0.010% |
| 40x | Max leverage▶ | 200x |
| Size | ||
| $37.1M | Volume 24h▶ | $21.25B |
| $50.8M | Volume, 7-day average▶ | $14.37B |
| $20.3Mone side | Open interest | $12.40Blongs + shorts |
| — | TVL | — |
| Markets | ||
| 104 | Markets▶ | 1080 |
| 50 | Stocks & RWA▶ | 466 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +1.354% | BTC longs paid, 30d | +0.467% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $GT |
| — | Airdrop | — |
Cost to trade BTC
| Size | Phoenix | Gate |
|---|---|---|
| $1k | $0.727.2 bp | $1.5015.0 bp |
| $10k | $8.308.3 bp | $15.0115.0 bp |
| $100k | $13013.0 bp | $15415.4 bp |
| $1M | $2,25522.6 bp | $1,78817.9 bp |
| $5M | — | $13,56527.1 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 99
funding /8h · Net 7d at $10k| Asset | Phoenix | Gate | Spread | Net 7d |
|---|---|---|---|---|
| SOL | +0.0053% | −0.0167% | +0.0220% | −$13 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$33 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$31 |
| NEAR | +0.0099% | +0.0100% | +0.0001% | −$85 |
| ETH | +0.0099% | +0.0035% | +0.0064% | −$21 |
| HYPE | +0.0102% | +0.0100% | +0.0002% | −$18 |
| LIT | −0.0552% | +0.0100% | +0.0652% | −$185 |
| BNB | +0.0100% | +0.0100% | 0.0000% | −$24 |
| PUMP | +0.0101% | −0.0506% | +0.0607% | −$37 |
| CHIP | 0.0000% | +0.0100% | +0.0100% | −$176 |
| BP | +0.0255% | +0.0100% | +0.0155% | −$5,281 |
| XPL | −0.0546% | +0.0100% | +0.0646% | −$82 |
| RENDER | −0.0161% | −0.0294% | +0.0133% | — |
| ZRO | −0.0246% | −0.0654% | +0.0408% | — |
| BONK | −0.0029% | −0.0622% | +0.0593% | — |
| MON | −0.0955% | +0.0100% | +0.1055% | — |
| PEPE | +0.0102% | −0.0168% | — | — |
| XRP | 0.0000% | −0.0047% | — | — |
| SHIB | −0.0197% | +0.0100% | — | — |
| VVV | 0.0000% | +0.0100% | +0.0100% | −$109 |
Only on Gate: 971
SOXL · XAUT · SKHYNIX · TRUMP · BCH · ASTER · XMR · DOT · PAXG · INJ · BTW · WLFI · FF · SOXS · HBAR · GRAM · USELESS · OPENAI · ETC · PENGU · KORU · APT · BZ · CASHCAT · AKE · LDO · ICP · ETHFI · POL · MUBARAK · KAS · OP · TIA · ATOM · PIEVERSE · SAMSUNG · LITE · UNITREE · EWY · DASH · PYTH · INTW · SNXX · TQQQ · AAOI · SEI · KSTR · BEAT · AIN · DRAM · NATGAS · LSK · WDC · MAGIC · ZHIPU · EVAA · ZAMA · TENCENT · UVXY · SOON · and 911 more
Questions
Is Phoenix or Gate cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.30 on Phoenix and $15.01 on Gate right now, taker fee and order-book slippage together, so Phoenix is cheaper. Taker fees: 0.035% and 0.075%.
Which has more markets, Phoenix or Gate?
Phoenix lists 104 active markets and Gate 1080; 99 assets trade on both, 48 of them stocks, commodities or other real-world assets.
Does Phoenix or Gate require KYC?
Phoenix: No ID; not available in the US or sanctioned countries. Gate: KYC before the futures account opens; unverified accounts can only withdraw and close positions.
Can you arbitrage funding between Phoenix and Gate?
Not profitably right now: none of the 99 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Phoenix or Gate?
24-hour volume: Phoenix $37.1M, Gate $21.25B. Open interest as each reports it: $20.3M and $12.40B. Gate reports open interest as longs plus shorts, both sides of every position; Phoenix reports one side. For the same positions Gate's figure reads about twice as large.