Phemex vs Binance Fees 2026: Spot, Futures and the Net Rate
Regular Spot matches at 0.10%. Futures Maker is lower on Phemex. Futures Taker is lower on Binance. Then the net after cashback, venue by venue.
- Regular Spot Maker and Spot Taker match at 0.10% on Phemex and on Binance.
- Regular Futures Maker is 0.01% on Phemex and 0.0200% on Binance. Regular Futures Taker is 0.0500% on Binance and 0.06% on Phemex.
- Phemex VIP 1 on contracts opens at 8,000,000 USDT of 30 day contract volume. Binance VIP 1 opens at 15,000,000 USDT of 30 day volume.
- Trade Reclaim returns 30% of trading fees on Binance.
- Trade Reclaim returns 80% of trading fees on Phemex. Live Phemex fee cuts besides cashback are VIP, PT and vePT.
Open and close a 50,000 USDT Futures position as Taker and the two venues already disagree on the bill. Binance bills 0.0500% of the round trip. Phemex bills 0.06%. One trade looks cheap. A year of the same size is not. The schedules below come from Phemex and Binance, then the net after cashback on each venue.
How do Phemex and Binance trading fees compare?
Spot matches at the regular tier. Phemex is cheaper on Futures Maker. Binance is cheaper on Futures Taker.
Those four lines decide most accounts that never reach VIP 1. Discounts sit on top of the regular row. They do not replace it. Source: the Phemex trading fee structure and the Binance fee schedule. Verified 25 August 2026.
The Binance Trade Reclaim column applies 30% cashback.
The Phemex Trade Reclaim column applies 80% cashback. Live pages: Phemex cashback and Binance cashback.
| Line | Phemex regular | Binance regular | Phemex with Trade Reclaim | Binance with Trade Reclaim |
|---|---|---|---|---|
| Spot Maker | 0.10% | 0.10% | 0.0200% | 0.0700% |
| Spot Taker | 0.10% | 0.10% | 0.0200% | 0.0700% |
| Futures Maker | 0.01% | 0.0200% | 0.0020% | 0.0140% |
| Futures Taker | 0.06% | 0.0500% | 0.0120% | 0.0350% |
Who has lower Spot fees?
Nobody. Regular crypto Spot is 0.10% Maker and 0.10% Taker on both venues.
A 50,000 USDT Spot fill costs 50 USDT as Maker and 50 USDT as Taker on Phemex and on Binance. There is no Taker premium on this Spot row at VIP 0. This article uses crypto Spot. Fiat on-ramps, Convert spreads and card buys sit outside the table. They dwarf any 0.10% Spot line if you fund with a card instead of a transfer.
Phemex VIP 1 still posts 0.1000% Spot Taker and cuts Spot Maker to 0.0900% once you hit 800,000 USDT of 30 day Spot volume, 32,000 vePT, or 50,000 USDT average assets (one test is enough). Binance Spot VIP 1 is a volume ladder of its own and a BNB pay option sits on top of it. Do not copy a screenshot of either VIP 1 Spot row onto this page. Read the live row after you qualify. Neither venue applies a token cut to this Spot base row until you opt into it.
Who has lower Futures fees?
Maker is lower on Phemex. Taker is lower on Binance, at the regular tier.
Regular Phemex contracts print 0.01% Maker and 0.06% Taker, per the Phemex Futures fee structure. Regular Binance USDT Perpetual prints 0.0200% Maker and 0.0500% Taker, per the Binance fee schedule. A Taker round trip on 50,000 USDT: 60 USDT on Phemex against 50 USDT on Binance. As Maker: 10 USDT on Phemex and 20 USDT on Binance.
On Phemex, Taker is six times Maker. A Limit Order that rests on Phemex moves the contract trading fee from 0.06% to 0.01%. On Binance, Taker is two and a half times Maker. The gap is smaller, so order type still matters, just less. Funding sits outside this table. It moves between longs and shorts. Neither schedule discounts it.
Which VIP ladder cuts fees first?
Phemex VIP 1 on contracts opens at a lower 30 day volume than Binance VIP 1. Binance VIP 1 then matches the Phemex Taker cut, and BNB sits on top of it.
Phemex opens its ladder earlier. 8,000,000 USDT of 30 day contract volume puts an account on VIP 1, and Phemex counts three other routes to the same row: 800,000 USDT of Spot volume, a 32,000 vePT position, or 50,000 USDT in average assets, per the Phemex fee structure. Binance wants 15,000,000 USDT of 30 day volume for its VIP 1, per the Binance fee schedule, and counts volume alone.
Binance has a lever Phemex does not: paying fees in BNB takes 25% off Spot and 10% off Futures, and it stacks on whatever VIP row you sit on. That is the honest counterweight to the wider gap in the table, and it costs you a BNB position you have to hold. Read the row you actually qualify for, not the one you are aiming at. Star VIP rows sit outside this article.
| Tier | Phemex | Binance | Phemex with Trade Reclaim | Binance with Trade Reclaim |
|---|---|---|---|---|
| Regular | 0.01% / 0.06% | 0.0200% / 0.0500% | 0.0020% / 0.0120% | 0.0140% / 0.0350% |
| VIP 1 | 0.0080% / 0.0550% | 0.0160% / 0.0400% | 0.0016% / 0.0110% | 0.0112% / 0.0280% |
| VIP 5 | 0.0010% / 0.0350% | 0.0100% / 0.0320% | 0.0002% / 0.0070% | 0.0070% / 0.0224% |
Maker / Taker on USDT contracts. Net columns apply 80% cashback on Phemex and 30% on Binance, before any BNB discount. VIP 2 to 4 sit between the rows shown.
What do you pay after cashback?
Trade Reclaim returns 30% of the trading fees you pay on Binance, in USDT, withdrawable anytime.
At the regular tier Phemex wins on Futures Maker, Binance wins on Futures Taker. Spot matches. How you fill does not change. The link is a public UID. Run the same size through the cashback calculator.
Trade Reclaim returns 80% of the trading fees you pay on Phemex, in USDT, withdrawable anytime. After that rebate the Phemex net is lower on Spot, on Futures Maker and on Futures Taker. The Phemex cashback page holds the live figure. Order: cashback first, then PT or BNB where it applies, then VIP. BNB only exists on Binance. It stacks with the Binance cashback. It does not move the Phemex row.
What does one position cost?
A 50,000 USDT Futures position opened and closed as Taker costs 60 USDT on Phemex and 50 USDT on Binance before cashback.
At 5 round trips a week that is 250 USDT a week on Binance. Over 52 weeks: 13,000 USDT. 30% back: 3,900 USDT. Net paid: 9,100 USDT. As Maker, the same year: 5,200 USDT on Binance before cashback.
At 5 round trips a week that is 300 USDT a week on Phemex. Over 52 weeks: 15,600 USDT. 80% back: 12,480 USDT. Net paid: 3,120 USDT. As Maker, the same year: 2,600 USDT on Phemex before cashback. A 10,000 USDT position at the same pace is a fifth of those figures.
Put your size in the cashback calculator. The output is a yearly trading fee bill. It is not a monthly volume slogan.
Who can actually open these accounts?
This comparison covers the global Phemex and Binance platforms. It is not a list of every licensed local entity.
EEA traders use a MiCA Binance entity where one exists. The fee math here follows the global binance.com schedule. Phemex requires KYC and sets a 0 USDT withdrawal cap until KYC is done.
United States residents sit outside both global platforms. Global Binance points US users at Binance.US, a thinner separate product that is not this table. Binance Japan is a licensed local venue and is not the global schedule either. Phemex does not list Japan on its restricted countries page. Country rules move. Read the live terms and do not fund a book your residency forbids.
Which is cheaper in 2026?
Makers pay less on Phemex. Takers pay less on Binance. Spot does not decide.
Pick the book that matches how you fill and where you are allowed to trade. Then take cashback through Trade Reclaim. Per venue notes: Phemex fees and Binance fees.
Setup and live rates: Phemex cashback and Binance cashback.
See the net rate on Phemex and Binance
Enter position size and trades per day. The calculator prints the yearly trading fee bill and cashback on each venue.
Public UID only. No API keys.
Frequently asked questions
Is Phemex cheaper than Binance?
On regular Futures Maker, yes: Phemex 0.01%, Binance 0.0200%. On regular Futures Taker, no: Binance 0.0500%, Phemex 0.06%. Spot Maker and Spot Taker meet at 0.10% at VIP 0. After cashback the Taker order flips because the Phemex rebate is larger, so the Phemex Taker net is lower.
What is the Phemex contract Maker fee against Binance?
Phemex VIP 0 contract Maker is 0.01%. Binance VIP 0 Futures Maker is 0.0200%. A Limit Order that rests on Phemex prints half the Binance Maker rate at the base tier. Phemex Maker keeps falling (0.0080% at VIP 1, 0.0060% at VIP 2). Binance Maker falls slower (0.0160% at VIP 1). Taker is the reverse at the regular row.
Are Phemex and Binance Spot fees the same?
On VIP 0 crypto Spot, yes: 0.10% Maker and 0.10% Taker on both. A 50,000 USDT Spot fill is 50 USDT either way on both books. Phemex VIP 1 still takes 0.1000% Spot Taker and cuts Spot Maker to 0.0900%. Binance Spot VIP is a separate volume grid plus an optional BNB pay cut. Fiat crypto pairs and Convert are not this table.
What live fee cuts does Phemex still have?
VIP steps, the PT token, vePT locks and Maker fills. Trade Reclaim pays 80% cashback on Phemex.
Can I get cashback on both Phemex and Binance?
Yes. Trade Reclaim returns cashback on each venue, in USDT, withdrawable anytime. The link is a public UID. Existing Binance accounts opened without a referral cannot be relinked. Phemex follows its own referral rules. The Phemex cashback rate is 80%.
Can US or Japan residents use Phemex or Binance?
US residents sit outside both global platforms. Global Binance sends US users to Binance.US, which is not this schedule. Binance Japan is a licensed local venue and is not the global table. Phemex does not list Japan on its restricted countries page. Country rules move. Read the live terms and do not fund a book your residency forbids.
Trade Reclaim Research tracks trading fees, VIP schedules and rebate programs across 10 crypto exchanges. Every rate in our articles comes from the exchange's official fee schedule and is re-verified on publication. The team trades on the platforms it writes about.
Trade Reclaim earns from exchange referrals and shares most of it back to you as cashback. Education, not financial advice.