Head-to-head
Bybit vs. Phemex
Data as of Oct 31, 2026
| Criterion | ||
|---|---|---|
| Score | 85.5 | 86.5Best |
| Regulation | MiCA-CASP, VARA | FinCEN-MSB |
| Trading Cost | 0.2 %Best | 0.2 %Best |
| Spread | 0.0129 bps | 0.0013 bpsBest |
| Reported 24h Volume | $1.1BBest | $538.8M |
| Market Breadth | 520 markets | 1,019 marketsBest |
FAQ
Frequently Asked Questions
Which broker scores higher, Bybit or Phemex?
Phemex scores higher: 86.5 vs. 85.5 for Bybit.
Which broker has the lower trading costs, Bybit or Phemex?
For trading costs, Bybit shows 0.2 % and Phemex shows 0.2 %.
Which broker has the narrower spread, Bybit or Phemex?
Phemex has the narrower spread: 0.0013 bps vs. 0.0129 bps for Bybit.
Which broker has the higher reported 24h volume, Bybit or Phemex?
Bybit has the higher reported 24h volume: $1.1B vs. $538.8M for Phemex.
Which broker offers the greater market breadth, Bybit or Phemex?
Phemex offers the greater market breadth: 1,019 markets vs. 520 markets for Bybit.
Is Bybit regulated?
Bybit is regulated by MiCA-CASP, VARA.
Is Phemex regulated?
Phemex is regulated by FinCEN-MSB.