Phemex vs BigONE

Phemex is built for contracts; BigONE also covers earn, bots and launches. It comes down to what you need more often.

Puffit editorial · · about authorship and sources

Compared by the numbers

Everything below is read from the platforms directly. We leave volume out by choice — the methods differ too much for an honest comparison. And the P2P row measures our own scanner’s reach, not the exchange’s full currency list.

PhemexPhemex BigONEBigONE
USDT pairs149878
Futures contracts12997
Networks for USDT—8
Cheapest USDT withdrawal—0.85 ETH
P2P currencies in our scanner——

In short: the difference

What Phemex is: an exchange that lives on leverage. On the market since 2019, jurisdiction: Samoa.

What BigONE is: a venue with bots and a Web3 side. On the market since 2017, jurisdiction: Seychelles, its own ONE token.

What Phemex gives you

Compared with an ecosystem, Phemex leans on its own strengths: 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.

Strong sides: an even book, open data, the funding interval stated per contract.

What BigONE gives you

The terminal is strong on contracts, but BigONE has its own ground: BigONE has been running since 2017, founded by people who came from the Yunbi exchange. Spot stands at nine hundred pairs, derivatives at a hundred perpetuals with a rate, an accrual interval and a mark price on each. Margin trading, leveraged tokens, staking and its own ONE token for discounts sit alongside. Everything is served openly, including the size of the best quotes.

Strong sides: ~900 pairs and 100 contracts, best quotes with sizes, an open network directory with withdrawal fees, the ONE token for discounts.

What decides it

  • Jurisdiction. Phemex sits in Samoa, BigONE in Seychelles. It shapes both the checks you pass and what the venue has to disclose.
  • Native token. ONE on BigONE cuts fees and opens launches; Phemex has no such lever.
  • Strengths side by side. Phemex: an even book, open data, the funding interval stated per contract; BigONE: ~900 pairs and 100 contracts, best quotes with sizes, an open network directory with withdrawal fees, the ONE token for discounts.
  • Which job. Phemex is as an additional venue in cross-exchange routes and funding, while BigONE is as an additional venue in spot routes and funding.
  • Worth remembering. Phemex: a narrow listing next to the Asian venues. BigONE: the top of the book is thin: on major coins the best price often holds only a hundred dollars or two.

Which one fits you

Phemex — as an additional venue in cross-exchange routes and funding.

BigONE — as an additional venue in spot routes and funding.

What people ask most

Phemex: What is the funding interval on Phemex? Eight hours on most contracts, and the exchange states it per contract, so there is no guessing. Our funding section annualises from the real interval.

Phemex: Does Phemex take part in your spot arbitrage? Yes. It serves the book for every pair as one list, so comparing its prices with other venues is sound.

Phemex: Does Phemex have its own token? No, it has no exchange token.

BigONE: Is the transfer status visible for BigONE? Yes, in full. The venue publishes networks, deposit and withdrawal statuses and the fee per chain, so its routes carry the ordinary transfer badge and the fee is subtracted from the net spread straight away.

BigONE: How many pairs and contracts does BigONE have? By our measurements around nine hundred spot pairs and a hundred perpetual contracts. The figures are live and refresh with the data.

BigONE: Does BigONE take part in your arbitrage sections? Yes, all of them. The exchange serves best quotes together with their sizes, so we can compute both the spread and the ceiling it fills at — which matters especially on a venue like this.

Both at once

Most people end up keeping both: one for daily trades, the other for what the first one lacks. Spot and earn stay on the ecosystem, contracts on the terminal. Moving between them costs pennies on the right network.

Live numbers

The table above is built from our own market snapshots: USDT pairs, perpetual contracts, P2P ads and currencies, withdrawal networks and the cheapest one. Phemex and BigONE can be compared on facts rather than promises.

What the numbers say

We can price the USDT withdrawal on BigONE alone — 0.85 over ETH. Counting spot pairs, BigONE comes out ahead by 5.9×: 878 USDT pairs against 149. Phemex carries more perpetuals: 129 where the other has 97.

Snapshot from 31 October 2026; on the page the figures refresh on every visit.

Phemex ↗BigONE ↗

Frequently asked

BigONE or Phemex — which should you pick?
It is the same choice whichever way round you write it. The comparison above is built on what can be measured: fees, pair counts, withdrawal chains and funding routes. Look less at which venue is "better" in general and more at which of those matters to you.

Other comparisons and walkthroughs

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