GMX vs Phemex
Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.
Phemex is cheaper right now for a $100K BTC futures trade — $2.55 less per trade (5.14 bps vs 5.40 bps).
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | GMX | Phemex | Cheaper |
|---|---|---|---|
| $10K | $5.40 | $4.81 | Phemex |
| $100K | $54.00 | $51.45 | Phemex |
| $1M | $540.00 | $991.56 | GMX |
| $10M | $5.4K | $11.3K | GMX |
Trade on Phemex — cheaper right now
Our link cuts the fee 20%, applied automatically.
Trade on Phemex−10% fees