Phemex
KCEXIn short: the difference
How Phemex differs from KCEX
What Phemex is: a venue built for leveraged trading. On the market since 2019, jurisdiction: Samoa.
What KCEX is: an exchange with services around the trading. On the market since 2021, jurisdiction: Seychelles.
What Phemex gives you
The rival’s service list is wide, yet Phemex wins on other things: 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 KCEX gives you
Next to a derivatives terminal, KCEX answers with something else: Over eight hundred perpetuals is what KCEX carries, every one of them publishing a funding rate and a mark price, with spot adding another eight hundred and fifty pairs. The pitch is straightforward: nothing per spot trade and modest rates on derivatives. Copy trading and launches sit on top, and turnover gathers in the top hundred pairs.
Where KCEX is strong
800+ contracts with open rates and mark prices, zero spot fees per the venue’s own schedule, early listings.
What decides it
Fees, withdrawals and limits: where the gap shows
- Jurisdiction. Phemex sits in Samoa, KCEX in Seychelles. 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; KCEX: 800+ contracts with open rates and mark prices, zero spot fees per the venue’s own schedule, early listings.
- Which job. Phemex is as an additional venue in cross-exchange routes and funding, while KCEX is primarily as a futures venue in funding.
- Worth remembering. Phemex: a narrow listing next to the Asian venues. KCEX: spot books are served one pair per request, so we keep the top hundred by turnover under watch.
Which one fits you
Who Phemex suits
Phemex — as an additional venue in cross-exchange routes and funding.
Who KCEX suits
KCEX — primarily as a futures venue in funding.
What people ask most
Questions about Phemex
Phemex: Does Phemex have P2P? No. You fund the account with crypto from another wallet or through the exchange’s external payment services.
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 take part in your spot arbitrage? Yes. The venue serves its order book for every pair in one list, so comparing its prices with other venues is sound.
Questions about KCEX
KCEX: Why do KCEX routes show a question mark instead of a transfer status? The venue does not publish whether deposits and withdrawals are open per network, or what a transfer costs. We will not present a guess as a fact, so the badge reads «unknown» and those rows are hidden while the «working transfers only» filter is on.
KCEX: How many contracts and pairs does KCEX have? By our measurements over eight hundred perpetual contracts and around eight hundred and fifty spot pairs. The figures are live — they come from the exchange’s own directory on every refresh.
KCEX: What are KCEX fees? The venue advertises zero spot fees and reduced futures rates. In our tables the fee is yours to set in the «trade fee» field — put in zero and watch how the net spread changes.
Both at once
When it makes sense to keep accounts on both Phemex and KCEX
Keeping both costs less than it seems: signing up is free, and a choice of two quotes usually beats one. Spot and earn stay on the ecosystem, contracts on the terminal. Moving between them costs pennies on the right network.
Live numbers
Live Phemex and KCEX 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 KCEX 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 KCEX diverge the most
Neither Phemex nor KCEX puts the USDT withdrawal price in open data — both show it at the moment of withdrawal, inside the account. We leave a dash there rather than guess. The longer contract list belongs to KCEX — 819 perpetuals, against 129. KCEX gives 5.3× the choice on spot: 785 USDT pairs against 149.
The source of these values
Pair counts, withdrawal chains, fee tiers and P2P currencies are taken from the venues own public references, not from our judgement. Where a venue does not publish a field, we say so plainly instead of filling in a number.
Date of the last recalculation
Snapshot from 12 November 2026; on the page the figures refresh on every visit.
