Withdrawal networks and fees
Its reference has no field for the charge at all, and networks without a price are of little use. Check the cost inside the account before you send.
What Phemex is
Phemex was founded in 2019 by people who came from bank derivatives desks, and it shows in the product. It was built by a crowd for whom execution speed and engine quality matter more than the number of coins in the listing.
What you get beyond plain trading
Contracts at the centre, everything a trader needs around them.
What a deposit earns depends only on the rate, the amount and the term — work it out with yours.
We use the exchange's own formula: amount × rate ÷ 365 × term. Put in the rate you see in your account — it changes.
Buying one coin for another or for USDT: plain trading, no leverage and no expiry.
149 pairsLeveraged contracts with no expiry date. Funding is charged every few hours — you either pay it or receive it.
129 contractsYield on coins that just sit there: flexible, withdrawable at any moment, or locked for a term at a higher rate.
Mirroring a chosen trader's deals: their statistics are public and the position size scales to your capital.
Grid trading and averaging configured right in the interface, with no code and no third-party service.
Smaller, but tidier
One of the most compact venues we cover, and deliberately so: there are no random coins with an empty book, and the engine is built for fast fills. Below is how many contracts and pairs its neighbours carry.
A Premium subscription instead of an exchange token
The discount depends on how much of the token you hold, and its price depends on the exchange's own fortunes — the usual exchange-token risk.
Lower fees without holding a risky asset: the exchange has no token of its own.
Where Phemex appears in SpreadRadar, and where it does not
It is here
- Spot arbitrage — the venue serves its order book for every pair in one list, so the comparison is sound
- Funding — the annualised rate is computed from each contract's real interval, which is eight hours for most of them
It is not — and why
- The transfers section: the exchange publishes its networks but not its withdrawal fees
- P2P: the venue has none, so it does not appear in our rate sections
Who it suits
An extra venue with an order book you can trust.
The accrual interval is stated per contract — no guessing.
The discount comes from a subscription, not from an asset's price.
Alongside a large terminal: Bybit for breadth, Phemex as a second book for routes. Compare →
Frequently asked
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.
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.
Why is Phemex missing from the transfers section?+
It publishes the list of networks but not the withdrawal fees — its reference has no field for the charge at all. Showing networks without a price would be pointless.
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.
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.
What makes Phemex useful for routes?+
An even order book and fast fills. As a secondary venue it gives you a second price to compare against, rather than another hundred coins with empty books.
Does Phemex have P2P?+
No. You fund the account with crypto from another wallet or through the exchange’s external payment services.
Methodology and principles of analytical processing
Forming and structuring the data
The analytical system brings disparate market information together into a single structure, accounting for the specifics of trading directions and the individual characteristics of each platform. That keeps the presentation consistent and the key parameters comparable.
Criteria for forming the results
Forming the analytical selection takes into account the completeness, availability and reliability of the source information. Parameters that meet the established processing and confirmation criteria are included in the calculations. Insufficiently substantiated values are not used in the final results.
Currency of the analytical information
The information presented is kept current through regular refreshing and reconciliation of the analytical parameters. How often that happens is determined by the nature of each category of data and the way it is processed.
Official sources
The exchange’s own pages — check there if our figures ever disagree with its.
- Phemex Support Centerphemex.com
- Fees and conditionsphemex.com
- Deposits and withdrawalsphemex.com
- Contract specificationsphemex.com
Phemex or another exchange
An all-rounder against a terminal: Binance has the deeper book and wider service set, Phemex the smoother contract trading.
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Bybit and Phemex play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.
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Phemex is built for contracts; OKX also covers earn, bots and launches. It comes down to what you need more often.
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A terminal against an ecosystem: Phemex is stronger at trading itself, Bitget at everything around it.
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Gate collects new coins, Phemex collects leverage and contracts. Different jobs, usually done on different venues.
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MEXC collects new coins, Phemex collects leverage and contracts. Different jobs, usually done on different venues.
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A terminal against an ecosystem: Phemex is stronger at trading itself, KuCoin at everything around it.
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Phemex is built for contracts; HTX also covers earn, bots and launches. It comes down to what you need more often.
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BingX and Phemex play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.
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Two derivatives terminals. The contract lists on WEEX and Phemex look alike, so details decide: fees, withdrawal networks and how the interface feels.
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Two derivatives terminals. The contract lists on Toobit and Phemex look alike, so details decide: fees, withdrawal networks and how the interface feels.
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You go to LBank for new listings and to Phemex for leverage. Picking one is rarely necessary — people keep both.
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Money goes in through Kraken, trading happens on Phemex. The pair works better than picking one.
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Money goes in through WhiteBIT, trading happens on Phemex. The pair works better than picking one.
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Phemex is built for contracts; XT.com also covers earn, bots and launches. It comes down to what you need more often.
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A terminal against an ecosystem: Phemex is stronger at trading itself, KCEX at everything around it.
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A terminal against an ecosystem: Phemex is stronger at trading itself, Ourbit at everything around it.
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Phemex is built for contracts; BigONE also covers earn, bots and launches. It comes down to what you need more often.
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Phemex is built for contracts; Crypto.com also covers earn, bots and launches. It comes down to what you need more often.
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Phemex is built for contracts; Hotcoin also covers earn, bots and launches. It comes down to what you need more often.
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A terminal against an ecosystem: Phemex is stronger at trading itself, Pionex at everything around it.
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A terminal against an ecosystem: Phemex is stronger at trading itself, HIBT at everything around it.
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Phemex is built for contracts; Zoomex also covers earn, bots and launches. It comes down to what you need more often.
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A terminal against an ecosystem: Phemex is stronger at trading itself, Bitunix at everything around it.
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Phemex is built for contracts; xRocket also covers earn, bots and launches. It comes down to what you need more often.
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Phemex and BloFin play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.
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Phemex and CoinW play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.
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Phemex in our scanners: the spot spread, the futures gap, funding rates.
Other exchanges
A broad-coverage venue with early listings and probably the most detailed withdrawal-network directory in this comparison.
Read the reviewA wide-listing venue with open data: both spot and contracts are served in full, without keys.
Read the reviewRunning since 2017, with fully open data — including the size resting at the best quote.
Read the reviewVenue names on this page link to the exchanges through affiliate links: if you sign up through them, we earn a commission from the exchange. It changes nothing in the tables or in the review — those are collected automatically and identically for every venue.