Phemex vs XT.com

Phemex is built for contracts; XT.com 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

These figures come from the venues themselves. Volume is missing on purpose: every exchange counts it its own way, and on a few the top of the book is tokenised equities. The bottom row counts the P2P currencies our scanner reaches, not everything the venue lists.

PhemexPhemex XT.comXT.com
USDT pairs149941
Futures contracts129795
Networks for USDT—11
Cheapest USDT withdrawal—0.0200 POLYGON
P2P currencies in our scanner——

In short: the difference

What Phemex is: a derivatives terminal. On the market since 2019, jurisdiction: Samoa.

What XT.com is: a venue with bots and a Web3 side. On the market since 2018, jurisdiction: Seychelles, its own XT 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 XT.com gives you

The terminal is strong on contracts, but XT.com has its own ground: XT.com covers every direction at once: about a thousand spot pairs, nine hundred and fifty against USDT, and nearly eight hundred perpetual contracts with a rate on each. P2P, Earn products, copy trading, bots and launches sit alongside. The standout is the network directory — over two hundred withdrawal routes including XT Smart Chain, every one showing its price, minimum and contract address.

Strong sides: about a thousand pairs and 800 contracts, 200+ withdrawal networks with open fees and contract addresses, early listings.

What decides it

  • Jurisdiction. Phemex sits in Samoa, XT.com in Seychelles. It shapes both the checks you pass and what the venue has to disclose.
  • Native token. XT on XT.com 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; XT.com: about a thousand pairs and 800 contracts, 200+ withdrawal networks with open fees and contract addresses, early listings.
  • Which job. Phemex is as an additional venue in cross-exchange routes and funding, while XT.com is as an early-listing venue and an extra leg in cross-exchange routes.
  • Worth remembering. Phemex: a narrow listing next to the Asian venues. XT.com: books on niche pairs are thinner than at the first-tier venues — check depth before sizing up.

Which one fits you

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

XT.com — as an early-listing venue and an extra leg in cross-exchange routes.

What people ask most

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

XT.com: Why is XT’s P2P missing from your ads scanner? The venue does run a P2P board, but there is no open interface to it: the endpoint only accepts signed requests from their own client. We will not read it around that, so the P2P row shows a dash for XT — that is about our scanner’s coverage, not about the venue lacking the section.

XT.com: What does the XT token do? It discounts trading fees and takes part in staking and platform events. It also serves as gas on the exchange’s own network, XT Smart Chain.

XT.com: How many pairs and contracts does XT.com have? By our measurements around a thousand tradable spot pairs, some nine hundred and fifty of them against USDT, and close to eight hundred perpetual contracts. The figures are live: they come from the exchange’s own directory on every refresh.

Both at once

Nothing stops you from opening an account on both: it is free, and a pair of venues almost always beats any single one on price. Spot and earn stay on the ecosystem, contracts on the terminal. Moving between them costs pennies on the right network.

Live numbers

Everything in the table above is recomputed together with the rest of the site — pairs, contracts, P2P, networks and the withdrawal fee. Phemex and XT.com can be compared on facts rather than promises.

What the numbers say

Only XT.com gives a measurable USDT withdrawal: 0.0200 over POLYGON. XT.com gives 6.3× the choice on spot: 941 USDT pairs against 149. Derivatives go to XT.com: 795 perpetuals against 129.

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

Phemex ↗XT.com ↗

Frequently asked

XT.com 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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