Phemex
BloFinIn short: the difference
How Phemex differs from BloFin
First in the pair, Phemex, is a derivatives terminal. On the market since 2019, jurisdiction: Samoa.
Second in the pair, BloFin, is a venue built for leveraged trading. On the market since 2023, jurisdiction: Marshall Islands.
What Phemex gives you
Next to a derivatives terminal, Phemex answers with something else: A derivatives venue founded by people from bank trading desks. A hundred and fifty spot pairs and a hundred and twenty perpetuals, each with its own funding rate. There is savings, copy trading and trading bots. The book is even and the data is served openly, which makes its prices sound to compare with other venues.
Where Phemex is strong
an even book, open data, the funding interval stated per contract.
What BloFin gives you
The terminal is strong on contracts, but BloFin has its own ground: A young exchange leaning into derivatives: 528 perpetuals, 504 spot pairs, futures fees from 0.02%. Copy trading is the headline product, and funding rates for all contracts come in one batch — which is exactly why the venue is in our funding section.
Where BloFin is strong
funding rates for every contract in one response, low futures fees, a network reference with withdrawal fees for 503 coins.
What decides it
Fees, withdrawals and limits: where the gap shows
- Age. Phemex has run since 2019, BloFin since 2023 — a gap of 4 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
- Jurisdiction. Phemex sits in Samoa, BloFin in Marshall Islands. It shapes both the checks you pass and what the venue has to disclose.
- Strengths side by side. Phemex: an even book, open data, the funding interval stated per contract; BloFin: funding rates for every contract in one response, low futures fees, a network reference with withdrawal fees for 503 coins.
- Which job. Phemex is as an additional venue in cross-exchange routes and funding, while BloFin is as the futures leg against spot and as a funding rate source.
- Worth remembering. Phemex: a narrow listing next to the Asian venues. BloFin: no contract addresses, thinner spot liquidity than the top five, and a website that sometimes asks for a browser check.
Which one fits you
Who Phemex suits
Phemex — as an additional venue in cross-exchange routes and funding.
Who BloFin suits
BloFin — as the futures leg against spot and as a funding rate source.
What people ask most
Questions about Phemex
Phemex: What is the funding interval on Phemex? Eight hours for most contracts, and the exchange states it per contract. Our funding section annualises from the real interval rather than assuming eight hours.
Phemex: How many pairs and contracts does Phemex have? The exact counts are in the panel at the top of the page: they come from the same feed that drives our arbitrage sections. It is one of the smaller venues we cover, and the listing is tidy by design.
Phemex: Does Phemex have its own token? No. Instead there is the Premium subscription with reduced fees, so the discount does not depend on an asset price.
Questions about BloFin
BloFin: What are BloFin fees? Futures cost 0.02% maker and 0.06% taker for a regular user, spot costs 0.1%. By tier the maker rate falls to zero and the taker rate to 0.035%.
BloFin: How are BloFin tiers different? They use "or" instead of "and": a tier is granted for futures volume, or spot volume, or the balance on the account. Most exchanges require all conditions at once.
BloFin: Is BloFin part of the funding section? Yes. The venue returns rates for every contract in one response, with the interval and the next settlement time, so its rates refresh in the common cycle without a lag.
Both at once
When it makes sense to keep accounts on both Phemex and BloFin
Nothing stops you from opening an account on both: it is free, and a pair of venues almost always beats any single one on price. Keeping both pays off on funding: the rate on the same pair diverges between venues, and that gap is exactly what a delta-neutral pair earns.
Live numbers
Live Phemex and BloFin prices side by side
Everything in the table above is recomputed together with the rest of the site — pairs, contracts, P2P, networks and the withdrawal fee. Phemex and BloFin can be compared on facts rather than promises.
Where these numbers come from
Prices are read straight from the venues and refresh automatically. There is no averaged rate here: each exchange has its own, which is why both are shown side by side.
How often they refresh
Spot and futures every few seconds; fee tiers and withdrawal networks once a day.
What the numbers say
Where Phemex and BloFin diverge the most
The longer contract list belongs to BloFin — 505 perpetuals, against 129. Spot is wider on BloFin: 505 USDT pairs against 149, a gap of 3.4×. A price for moving USDT exists only for BloFin: 0.0500 over POLYGON.
Where these numbers come from
Every value in the table is read from the venues themselves: pairs, networks, fee tiers, P2P currencies. We add no estimates of our own and spell out the fields that are missing.
When they were last updated
Snapshot from 12 November 2026; on the page the figures refresh on every visit.
