Volume 24h$750.4M↘ 2.58%24h
Open interest$1.12B↘ 6.22%24h
Markets139
Max leverage150x
Taker / maker0.060%/0.010%
BTC funding /8h+0.0100%
BTC paid 30d+0.407%
Best price arb
Open pair →LONGPhemex824.91
SHORTVariational Omni839.77
Price arb here
all| SNDK | long here, Variational Omni | +1.801% | +$101 |
| SOXS | short here, Variational Omni | +1.010% | +$33 |
| ARB | long here, MEXC | +0.500% | +$22 |
| AAVE | long here, Binance | +0.677% | +$20 |
| ZEC | long here, Bulk | +0.407% | +$14 |
Best funding arb
Open pair →LONGPhemex+0.0100%8h7h 56m
SHORTBloFin+0.0357%8h7h 56m
Funding arb here
all| PEPE | long here, BloFin | +0.0257% | +$91 |
| TRX | short here, KuCoin | +0.0191% | +$83 |
| NEAR | long here, Backpack | +0.0643% | +$64 |
| NATGAS | long here, MEXC | +0.3340% | +$37 |
| QQQ | long here, Deribit | +0.0135% | +$24 |
Markets
127 markets| Asset | Price | Funding /8h | Every | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|
| ETH ETHUSDT | 2,248.8 | +0.0100% | 8h | $237.2M | $93.2M | 150x |
| BTC BTCUSDT | 76,000.4 | +0.0100% | 8h | $176.8M | $154.7M | 150x |
| DOGE DOGEUSDT | 0.07174 | +0.0100% | 8h | $71.6M | $15.6M | 50x |
| BNB BNBUSDT | 688.88 | +0.0202% | 8h | $64.5M | $28.4M | 50x |
| XRP XRPUSDT | 1.2457 | +0.0100% | 8h | $49.3M | $30.5M | 50x |
| ADA ADAUSDT | 0.1823 | −0.0440% | 8h | $41.4M | $12.6M | 50x |
| SOL SOLUSDT | 90.070 | −0.0096% | 8h | $39.6M | $28.8M | 50x |
| AVAX AVAXUSDT | 8.1830 | +0.0100% | 8h | $23.9M | $3.6M | 50x |
| UNI UNIUSDT | 6.7730 | +0.0100% | 8h | $20.1M | $4.9M | 50x |
| LTC LTCUSDT | 51.770 | +0.0100% | 8h | $18.5M | $4.4M | 50x |
| LINK LINKUSDT | 10.703 | +0.0100% | 8h | $15.2M | $12.5M | 50x |
| SUI SUIUSDT | 0.8519 | +0.0100% | 8h | $11.5M | $17.0M | 50x |
| HYPE HYPEUSDT | 78.649 | +0.0100% | 8h | $10.5M | $1.8M | 50x |
| BCH BCHUSDT | 279.27 | +0.0100% | 8h | $6.1M | $3.5M | 50x |
| XLM XLMUSDT | 0.1542 | +0.0100% | 8h | $5.8M | $6.2M | 50x |
| ARB ARBUSDT | 0.1521 | +0.0100% | 8h | $4.3M | $5.4M | 50x |
| XAURWA XAUUSDT | 4,093.7 | 0.0000% | 4h | $3.9M | $1.3M | 100x |
| COPPERRWA COPPERUSDT | 6.2950 | 0.0000% | 4h | $3.9M | $166K | 100x |
Before you deposit
- LiquidityDeep$1.12B open interest
- Real volumeNormalvolume is 0.7x open interest a day
- Book depthDeep$12.8M within ±0.5% of the BTC price, both sides
- KYCRequiredKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Key facts
About Phemex
Phemex is a centralized perpetual futures exchange. It lists 139 active markets, traded $750.4M in the last 24 hours and holds $1.12B in open interest, #13 among the exchanges we track.
Funding settles every 4h or 8h. BTC longs pay +0.0100% /8h right now and paid 0.407% over the last 30 days.
News from Phemex
all| 11-04 12:06 | Contest | Already trading Futures? 🎁 Check your Lucky Draw tasks. In Phemex Lucky Draw #13, eligible trading and volume milestones can unlock more spins for a share of the $50,000 prize pool. Register before completing tasks: @Phemex_official on X ↗ |
| 10-29 10:00 | Listing | New Futures Listing: $HUMA(@humafinance) is coming to Phemex Futures 👉 Supported 1x - 20x leverage 👉 Trading Starts: @Phemex_official on X ↗ |
| 10-29 00:28 | Listing | new market HUMAUSDT ($HUMA) seen by our collector |
| 10-28 14:52 | Product | ENSv2 is live. Your wallet address is still 0x7a3f...9c2e. Your name doesn't have to be. What's your .eth? Drop it 👇 @Phemex_official on X ↗ |
| 10-27 07:11 | Listing | New Perpetual Listing: ethereum:0x8457ca5040ad67fdebbcc8edce889a335bc0fbfb(@alt_layer) is now live on Phemex! 🚀 Trade ethereum:0x8457ca5040ad67fdebbcc8edce889a335bc0fbfb/USDT WITH up to 50x Leverage: 👉 @Phemex_official on X ↗ |
| 10-26 03:39 | Listing | new market ALTUSDT ($ALT) seen by our collector |
| 10-22 07:46 | Listing | Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 | @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗ |
| 10-21 12:14 | Points | Perps traders, this one’s for you 🫵 Join Futures Trading Season 12 for a chance to share up to $50,000 in token vouchers. Every eligible participant wins a prize. ⏳ 14 days only. Know more → Register now: @Phemex_official on X ↗ |
Volume & open interest
daily, since Sep 18Volume
$838.5M↘ 33.7%90D
Open interest
$1.19B↗ 10.6%90D
Table, every 3rd day
| Day | Volume | Open interest |
|---|---|---|
| Nov 4, 2026 | $838.5M | $1.19B |
| Nov 1, 2026 | $294.8M | $1.16B |
| Oct 29, 2026 | $844.5M | $1.12B |
| Oct 26, 2026 | $543.7M | $1.17B |
| Oct 23, 2026 | $616.2M | $1.14B |
| Oct 20, 2026 | $958.2M | $1.21B |
| Oct 17, 2026 | $473.9M | $1.14B |
| Oct 14, 2026 | $803.5M | $1.17B |
| Oct 11, 2026 | $452.6M | $1.18B |
| Oct 8, 2026 | $1.05B | $1.12B |
| Oct 5, 2026 | $768.6M | $1.24B |
| Oct 2, 2026 | $956.6M | $1.20B |
| Sep 29, 2026 | $885.0M | $1.18B |
| Sep 26, 2026 | $501.1M | $1.19B |
| Sep 23, 2026 | $948.6M | $1.11B |
| Sep 20, 2026 | $688.3M | $1.12B |
Volume by asset class
daily, since Sep 18Table, every 3rd day
| Day | Crypto | Stocks | Commodities | Other RWA | Total |
|---|---|---|---|---|---|
| Nov 4, 2026 | $611.6M | $207.8M | $12.4M | $1.4M | $833.3M |
| Nov 1, 2026 | $257.2M | $16.2M | $969K | $920K | $275.4M |
| Oct 29, 2026 | $629.1M | $176.5M | $9.8M | $1.1M | $816.6M |
| Oct 26, 2026 | $403.1M | $135.8M | $7.8M | $984K | $547.7M |
| Oct 23, 2026 | $390.8M | $198.3M | $10.4M | $1.1M | $600.6M |
| Oct 20, 2026 | $642.9M | $303.0M | $8.5M | $1.2M | $955.6M |
| Oct 17, 2026 | $376.3M | $86.4M | $1.7M | $721K | $465.1M |
| Oct 14, 2026 | $716.8M | $59.6M | $13.9M | $988K | $791.3M |
| Oct 11, 2026 | $427.3M | $12.6M | $1.8M | $506K | $442.2M |
| Oct 8, 2026 | $880.3M | $146.8M | $14.3M | $989K | $1.04B |
| Oct 5, 2026 | $744.4M | $33.1M | $4.0M | $639K | $782.3M |
| Oct 2, 2026 | $930.6M | $29.0M | $1.7M | $727K | $962.1M |
| Sep 29, 2026 | $853.3M | $28.8M | $1.6M | $1.0M | $884.8M |
| Sep 26, 2026 | $489.3M | $9.4M | $327K | $552K | $499.6M |
| Sep 23, 2026 | $930.6M | $27.9M | $952K | $768K | $960.2M |
| Sep 20, 2026 | $668.8M | $12.2M | $404K | $774K | $682.2M |