GRVT vs Phemex
GRVT and Phemex traded about the same in the last 24 hours ($398.2M and $414.4M).
Head to head
the arrow points to the better figure| GRVT | Phemex | |
|---|---|---|
| Trading | ||
| $9.01 | ◀BTC trade, $10k | $12.01 |
| $1,171 | ◀BTC trade, $1M | $1,758 |
| $4.3M | BTC book depth▶ | $46.7M |
| 0.045%/0.000% | ◀Taker / maker | 0.060%/0.010% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $398.2M | Volume 24h≈ | $414.4M |
| $480.8M | Volume, 7-day average▶ | $801.5M |
| $474.8M | 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 | +0.0004% |
| +0.703% | BTC longs paid, 30d | +0.367% |
| Access | ||
| No ID | ◀KYC | Required |
| $GRVT | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | GRVT | Phemex |
|---|---|---|
| $1k | $0.909.0 bp | $1.2012.0 bp |
| $10k | $9.019.0 bp | $12.0112.0 bp |
| $100k | $90.129.0 bp | $12912.9 bp |
| $1M | $1,17111.7 bp | $1,75817.6 bp |
| $5M | — | $20,93541.9 bp |
HYPE 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 |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0004% | +0.0096% | −$6 |
| ETH | +0.0100% | +0.0036% | +0.0064% | −$10 |
| SOL | +0.0100% | +0.0082% | +0.0018% | −$14 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$57 |
| BNB | +0.0279% | +0.0366% | +0.0087% | −$27 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$44 |
| JUP | +0.0100% | +0.0278% | +0.0178% | −$6 |
| NEAR | +0.0100% | +0.0026% | +0.0074% | −$39 |
| PUMP | +0.0100% | +0.0100% | 0.0000% | −$70 |
| PAXG | +0.0100% | +0.0100% | 0.0000% | −$67 |
| POL | +0.0100% | +0.0100% | 0.0000% | −$53 |
| XRP | +0.0056% | +0.0043% | +0.0013% | −$31 |
| LIT | +0.0048% | −0.0063% | +0.0111% | −$46 |
| ATOM | +0.0100% | +0.0065% | +0.0035% | −$44 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$43 |
| PENDLE | +0.0100% | +0.0100% | 0.0000% | −$99 |
| LINK | −0.0026% | +0.0100% | +0.0126% | +$47 |
| ICP | +0.0100% | −0.0676% | +0.0776% | −$56 |
| PENGU | −0.0142% | +0.0100% | +0.0242% | −$82 |
| XLM | +0.0081% | −0.0062% | +0.0143% | −$26 |
Only on GRVT: 100
H · KPEPE · AXS · MON · VIRTUAL · EWJ · CRV · ZEN · CFX · KSHIB · KAIA · MOODENG · ASTER · GRVT · XMR · OP · KBONK · WLFI · SEI · XPL · POPCAT · KAITO · XPD · XPT · STRK · FARTCOIN · AVNT · EIGEN · PROVE · GIGGLE · ZK · SPY · SAHARA · W · LINEA · BARD · PAYP · BERA · STRC · BASED · LA · CC · RIVER · CL · MORPHO · MU · MEGA · FLNC · SPACEX · PLTR · AMZN · XLE · V · COIN · BE · MRVL · IREN · TQQQ · 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 · MVLL · ALAB · ZAMA · INJ · UNIUSDC · PONS · NAS100 · ADAUSDC · SYN · 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 $9.01 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 $47 left after costs.
Which is bigger, GRVT or Phemex?
24-hour volume: GRVT $398.2M, Phemex $414.4M. Open interest as each reports it: $474.8M and $1.21B. TVL: $34.2M and none published.