GRVT vs Phemex
GRVT and Phemex traded about the same in the last 24 hours ($429.4M and $404.9M).
Head to head
the arrow points to the better figure| GRVT | Phemex | |
|---|---|---|
| Trading | ||
| $9.65 | ◀BTC trade, $10k | $12.01 |
| $1,101 | ◀BTC trade, $1M | $1,583 |
| $4.4M | BTC book depth▶ | $48.5M |
| 0.045%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $429.4M | Volume 24h≈ | $404.9M |
| $480.8M | Volume, 7-day average▶ | $801.5M |
| $474.5M | Open interest▶ | $1.21B |
| $34.2M | TVL | — |
| Markets | ||
| 184 | ◀Markets | 133 |
| 105 | ◀Stocks & RWA | 67 |
| 4h or 8h | Funding paid every | 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0023% |
| +0.703% | BTC longs paid, 30d | +0.367% |
| Access | ||
| No ID | ◀KYC | Required |
| $GRVT | Token | none yet |
| Active | Airdrop | — |
Cost to trade SOL
| Size | GRVT | Phemex |
|---|---|---|
| $1k | $1.0510.5 bp | $1.2812.8 bp |
| $10k | $10.6610.7 bp | $14.6314.6 bp |
| $100k | $11011.0 bp | $16616.6 bp |
| $1M | $1,95019.5 bp | $3,40434.0 bp |
| $5M | — | $41,38082.8 bp |
PUMP funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 84
funding /8h · Net 7d at $10k| Asset | GRVT | Phemex | Spread | Net 7d |
|---|---|---|---|---|
| XAU | 0.0000% | 0.0000% | 0.0000% | +$2 |
| INTC | 0.0000% | 0.0000% | 0.0000% | −$97 |
| TSLA | 0.0000% | 0.0000% | 0.0000% | −$84 |
| HOOD | 0.0000% | 0.0000% | 0.0000% | −$262 |
| EWY | 0.0000% | 0.0000% | 0.0000% | −$111 |
| XAG | 0.0000% | +0.0604% | +0.0604% | −$60 |
| QQQ | 0.0000% | 0.0000% | 0.0000% | −$57 |
| SKHYNIX | 0.0000% | 0.0000% | 0.0000% | −$120 |
| COPPER | 0.0000% | 0.0000% | 0.0000% | −$166 |
| MSTR | 0.0000% | 0.0000% | 0.0000% | −$269 |
| SOXL | 0.0000% | 0.0000% | 0.0000% | −$101 |
| DRAM | 0.0000% | 0.0000% | 0.0000% | −$135 |
| CRCL | 0.0000% | 0.0000% | 0.0000% | −$130 |
| SAMSUNG | 0.0000% | 0.0000% | 0.0000% | −$83 |
| NVDA | 0.0000% | 0.0000% | 0.0000% | −$86 |
| SNDK | 0.0000% | 0.0000% | 0.0000% | −$56 |
| NATGAS | 0.0000% | +0.0100% | +0.0100% | −$110 |
| BZ | 0.0000% | 0.0000% | 0.0000% | −$99 |
| MSFT | 0.0000% | 0.0000% | 0.0000% | −$50 |
| GOOGL | 0.0000% | 0.0000% | 0.0000% | −$74 |
Only on GRVT: 100
H · KPEPE · AXS · MON · VIRTUAL · EWJ · CRV · ZEN · CFX · KSHIB · KAIA · MOODENG · ASTER · GRVT · XMR · OP · KBONK · WLFI · SEI · XPL · KAITO · POPCAT · XPD · XPT · FARTCOIN · STRK · AVNT · PROVE · EIGEN · GIGGLE · ZK · SPY · W · LINEA · BARD · SAHARA · PAYP · BERA · STRC · BASED · CC · LA · CL · RIVER · MORPHO · MU · FLNC · COIN · MEGA · SPACEX · AMZN · PLTR · XLE · V · BE · MRVL · TQQQ · IREN · JPM · EWT · and 40 more
Only on Phemex: 49
ETHUSDC · BTCUSDC · ALGO · TRX · SNXX · SOLUSDC · SPCX · PEPE · ETC · AAVEUSDC · LINKUSDC · SHIB · AVAXUSDC · GRAM · SUIUSDC · RENDER · XRPUSDC · ZAMA · MVLL · ALAB · UNIUSDC · INJ · PONS · NAS100 · SYN · ADAUSDC · VVV · CAKE · SKUU · SOXS · MARSCOIN · IONQ · TEM · SKDD · SPYX · RAM · XTI · CYPH · DJT · MUX · MARA · USELESS · AGPU · AMC · HUT · MRK · APLD · ANET · PATH
Questions
Is GRVT or Phemex cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.65 on GRVT and $12.01 on Phemex right now, taker fee and order-book slippage together, so GRVT is cheaper. Taker fees: 0.045% and 0.06%.
Which has more markets, GRVT or Phemex?
GRVT lists 184 active markets and Phemex 133; 84 assets trade on both, 46 of them stocks, commodities or other real-world assets.
Does GRVT or Phemex require KYC?
GRVT: No ID since Aug 2025 (AML reviews can still ask for documents); not for the US, Canada, Singapore, 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 GRVT 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 GRVT and short on Phemex, with $45 left after costs.
Which is bigger, GRVT or Phemex?
24-hour volume: GRVT $429.4M, Phemex $404.9M. Open interest as each reports it: $474.5M and $1.21B. TVL: $34.2M and none published.

