Phemex Fees at a Glance
Phemex base fees are 0.1% spot maker/taker and 0.01%/0.06% futures maker/taker, with up to 40% discount via the native token. Deposits are always free. Here's the quick summary:
Spot Maker/Taker
0.10%
Base tier
Futures Maker
0.01%
Best in class
Futures Taker
0.06%
Standard
Deposit Fee
$0
Always free
| Category | Rate | Notes |
|---|---|---|
| Spot Maker (base) | 0.10% | Reducible to 0% at Star VIP |
| Spot Taker (base) | 0.10% | Reducible to 0.04% at Star VIP |
| Futures Maker (base) | 0.01% | Among lowest in the industry |
| Futures Taker (base) | 0.06% | Standard across major exchanges |
| VIP Tiers | 6 tiers | Standard → Star VIP |
| Deposit Fee | Free | All crypto, all networks |
| BTC Withdrawal | ~0.0005 BTC | Network pass-through fee |
| ETH Withdrawal | 0.005–0.01 ETH | Depends on network congestion |
| Funding Interval | 8 hours | 00:00, 08:00, 16:00 UTC |
| Token Discount | Up to 40% | Native token holders |
| Inactivity Fee | None | No fees for holding |
| Options | 0.03% taker | Of underlying value |
Ron's Take on Phemex Fees
Phemex's 0.01% futures maker fee matches Bybit's industry-best rate. The real standout is the $380M monthly volume threshold for 0% futures maker — much more accessible than Bybit's $10M or Binance's $25B. For high-volume futures traders, this is genuinely one of the cheapest platforms out there. Overall: excellent for futures, average for low-volume spot.
Open Phemex — 0.01% Futures Maker Fee
Up to $8,800 welcome bonus for new users. Free deposits. No inactivity fees.
Phemex Spot Trading Fees 2026
Phemex spot base fee is 0.1% maker and 0.1% taker, reducible via VIP tiers or 30-day volume. At Star VIP, maker goes all the way to 0.0000% — completely free to provide liquidity.
| VIP Tier / Volume (30D) | Maker | Taker | Requirement |
|---|---|---|---|
| Standard (Base) | 0.1000% | 0.1000% | Default account |
| VIP 1 / $5M vol | 0.0800% | 0.0900% | $5M 30-day volume |
| VIP 2 / $10M vol | 0.0600% | 0.0800% | $10M 30-day volume |
| VIP 3 / $15M vol | 0.0200% | 0.0600% | $15M 30-day volume |
| VIP 4 / $20M vol | 0.0100% | 0.0500% | $20M 30-day volume |
| VIP 5 / $30M vol | 0.0100% | 0.0400% | $30M 30-day volume |
| Star VIP | 0.0000% | 0.0400% | Invitation only / high volume |
Native Token Bonus
Holding Phemex's native token gives an additional 10–50% discount on top of your VIP tier rates. This stacks with volume discounts — the combination can bring effective spot fees well below 0.05% even at mid-tier volumes.
Phemex Futures & Perpetual Swap Fees 2026
Phemex futures fees are 0.01% maker and 0.06% taker at standard level — below most major exchanges. The 0% maker threshold is $380M monthly volume, which is significantly more accessible than Bybit's $10M VIP requirement for 0% maker.
| Product | Maker | Taker | Notes |
|---|---|---|---|
| USDT Perpetual | 0.01% | 0.06% | Standard tier — all major pairs |
| USD Inverse Perpetual | 0.01% | 0.06% | Coin-margined (BTC/USD, ETH/USD) |
| Futures (Quarterly) | 0.01% | 0.06% | Fixed expiry contracts |
| Options | Free | 0.03% underlying | European-style, BTC/ETH |
Real Cost Example: $100,000 BTCUSDT Futures Trade
Phemex
Maker Fee
$10.00
Taker Fee
$60.00
Round-trip total
$70 maker / $120 taker
Bybit
Maker Fee
$10.00
Taker Fee
$60.00
Round-trip total
$70 maker / $120 taker
Binance
Maker Fee
$20.00
Taker Fee
$50.00
Round-trip total
$100 maker / $100 taker
Phemex and Bybit tie for futures maker (0.01%). Binance maker is 2x the cost at 0.02%.
0% Maker Threshold Comparison
Phemex
$380M / month
Bybit
$10M / month (VIP 2)
Most accessible
Binance
$25B+ / month
Phemex's $380M threshold is far more realistic for institutional traders vs Binance, and sits between Bybit and Binance.
Phemex VIP Tiers Explained
Phemex has 6 VIP tiers (Standard → Star VIP) unlocked by 30-day trading volume or native token balance — whichever criterion you meet first. You don't need to satisfy both conditions.
30D Volume
Default
30D Volume
$5M
30D Volume
$10M
30D Volume
$15M
30D Volume
$20M
30D Volume
Invitation
Key VIP Benefit: VIP 4+ Quickpass Withdrawals
VIP 4 and above get Quickpass withdrawals — priority processing for large withdrawals — plus dedicated 1-on-1 account support. This tier requires $20M in 30-day volume or equivalent token holdings, which is realistic for serious prop traders and funds.
Phemex Deposit and Withdrawal Fees
Phemex charges 0 deposit fees for all crypto. Withdrawal fees vary by coin and network — these are network pass-through costs, not markup.
| Asset | Network | Withdrawal Fee | Deposit Fee |
|---|---|---|---|
| BTC | Bitcoin | ~0.0005 BTC | Free |
| ETH | ERC20 | 0.005–0.01 ETH | Free |
| USDT | TRC20 (TRON) | 1 USDT | Free |
| USDT | ERC20 | 5–15 USDT | Free |
| USDT | BEP20 (BSC) | 0.8 USDT | Free |
| USDC | TRC20 | 1 USDC | Free |
| XRP | XRP Ledger | 0.25 XRP | Free |
Pro Tip: Cheapest USDT Withdrawal
Always use BEP20 (BSC) or TRC20 (TRON) for USDT withdrawals — just 0.8–1 USDT fee vs 5–15 USDT on ERC20. Make sure the receiving wallet/exchange also supports the same network before sending.
Funding Rates and Other Costs
Phemex applies funding rates every 8 hours on perpetuals — the same standard interval used by Bybit and Binance. There are no deposit, inactivity, or subscription fees.
Funding Times (UTC)
- 00:00 UTC
- 08:00 UTC
- 16:00 UTC
Standard 8h cycle
No-Cost Items
- Crypto deposits
- Account opening
- Inactivity (no fees)
- Position monitoring
Zero hidden costs
Variable Costs
- Crypto withdrawals
- Spot margin interest
- Funding rate (long/short)
- Liquidation fee
Check before trading
Phemex Fees vs Bybit vs Binance (2026)
Phemex has the cheapest futures maker fee (0.01%) — tied with Bybit but cheaper than Binance's 0.02%. However, its 0.1% spot base is higher than OKX (0.08% maker) and level with Binance (before BNB discount).
| Exchange | Spot Maker | Spot Taker | Futures Maker | Futures Taker | Best For |
|---|---|---|---|---|---|
| Phemex | 0.10% | 0.10% | 0.01% | 0.06% | High-vol futures traders |
| Bybit | 0.10% | 0.10% | 0.01% | 0.06% | Futures, copy trading |
| Binance | 0.10% | 0.10% | 0.02% | 0.05% | Spot volume, BNB holders |
Phemex Wins When
- High-volume futures maker orders
- $380M/month 0% maker threshold
- Native token holders (up to 40% off)
- Spot Star VIP (0% maker)
Bybit Wins When
- VIP 2 reached faster ($10M)
- Negative maker fees at VIP 4+
- Copy trading needed
- Broader product suite
Binance Wins When
- BNB holders (0.075% spot)
- Taker-heavy futures trading (0.05%)
- Deepest liquidity needed
- US-adjacent markets
Calculate Your Exact Phemex Fee Cost
Enter your trade size to see real dollar fees across Phemex, Bybit, and Binance side by side.
How to Reduce Phemex Fees
You can reduce Phemex fees by hitting VIP tiers, holding the native token, using premium membership, or participating in zero-fee events. Here are the best strategies:
Always Use Limit Orders (Maker)
Save up to 83%At standard tier, futures maker (0.01%) vs taker (0.06%) is 6x cheaper. On a $50,000 futures trade, that's $5 maker vs $30 taker. Always place limit orders and wait for fills.
Hold Native Token for 10–50% Discount
Save 10–50%Holding Phemex's native token provides an additional 10–50% discount stacked on top of your VIP rate. This is the easiest fee reduction for medium-volume traders who haven't hit high VIP tiers.
Climb VIP Tiers via Volume
Save up to 40%VIP 1 ($5M volume) already reduces spot taker from 0.10% to 0.09%. VIP 4 ($20M) gives 0% futures maker. You can qualify by either trading volume or token balance — whichever is easier for you.
Use Premium Membership (Zero-Fee Spot)
0% spot tradingPhemex has historically offered a premium membership program with zero-fee spot trading. Check the current promotions page — this can bring your effective spot fee to 0% without hitting Star VIP.
Join Zero-Fee Carnivals & Events
Up to 100% offPhemex runs periodic zero-fee events and TradFi zero-fee carnivals. These grant temporary fee waivers for specific pairs or trading types. Follow their official announcements to time large trades during events.
Is Phemex Fee Structure Worth It?
Phemex is worth it for futures traders who trade at the $380M 0% maker threshold level — and genuinely competitive for anyone using limit orders. For low-volume spot traders, Bybit and Binance offer comparable or better base rates.
Best for Phemex
- High-volume futures traders (0.01% maker base)
- Native token holders (extra 10–50% off)
- Traders targeting $380M/mo 0% maker threshold
- VIP 4+ users wanting Quickpass withdrawals
- Premium membership holders (0% spot)
Not the Best Choice For
- Small spot traders (<$1M/mo volume — Bybit/Binance similar)
- Taker-heavy futures strategies (Binance 0.05% taker is lower)
- US traders (Phemex has geo-restrictions)
- Options-focused traders (Deribit better liquidity)
Verdict on Phemex Fees
Ron's Rating: 4.2/5
I rate Phemex fees 4.2/5. The 0.01% futures maker fee is genuinely excellent — tied for the best in the industry alongside Bybit. The 6 VIP tiers are accessible, free deposits remove a pain point, and the $380M threshold for 0% futures maker is meaningful for institutional-scale traders.
The main limitation is the 0.1% spot base fee — it's industry average but higher than OKX's 0.08% spot maker. And the maximum discounts require holding the native token, which adds dependency. Overall: an excellent choice for futures traders, competitive for everyone else.
What Phemex Does Well
- 0.01% futures maker — best in class
- 6 accessible VIP tiers
- Free crypto deposits (all coins)
- $380M 0% maker threshold
- Up to 40% token discount
- Spot + futures + options coverage
Where Phemex Falls Short
- 0.1% spot base (higher than OKX 0.08%)
- Max discount requires native token
- Withdrawal fees vary significantly
- No US access (geo-restriction)
Open Phemex — 0.01% Futures Maker + Welcome Bonus
Free deposits, 6 VIP tiers, up to 40% token discount. Up to $8,800 bonus for new users.
Risk Warning
Cryptocurrency trading involves substantial risk of loss. Fees, VIP tiers, and promotions are subject to change without notice — always verify current rates on Phemex's official fee schedule before trading. This page contains affiliate links; RonOnCrypto may earn a commission at no extra cost to you. See our affiliate disclosure for details.
Phemex Fees — Frequently Asked Questions
Phemex charges 0.1% spot maker/taker at base tier and 0.01% futures maker / 0.06% futures taker at standard level. VIP tiers offer up to 40% off, and native token holders get an additional 10–50% discount stacked on top. Star VIP brings spot maker to 0.0000%.
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Fee Calculator — Compare Exact Trade Costs
Enter your trade size to see exact dollar fees across Phemex, Bybit, Binance, and OKX in one view.
Open Phemex — 0.01% Futures Maker + Up to $8,800 Bonus
Free deposits. 6 VIP tiers. Native token discounts up to 40%. Star VIP 0% spot maker.
Accuracy Note & Affiliate Disclosure · Fee information is accurate as of April 2026 but subject to change. Always verify current fees on Phemex's official fee schedule. RonOnCrypto earns affiliate commissions from exchanges linked on this page. See our affiliate disclosure.