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62<!----><!--]--> <!--[--><!--[--><!--[--><link rel="alternate" hreflang="x-default" href="https://phemex.com/help-center/comprehensive-guide-to-phemex-futures-trading"/> <link rel="alternate" hreflang="en" href="https://phemex.com/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="ja" href="https://phemex.com/ja/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="ru" href="https://phemex.com/ru/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="de" href="https://phemex.com/de/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="es" href="https://phemex.com/es/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="fr" href="https://phemex.com/fr/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="pt" href="https://phemex.com/pt/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="vi" href="https://phemex.com/vi/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--[!--><link rel="alternate" hreflang="tr" href="https://phemex.com/tr/help-center/comprehensive-guide-to-phemex-futures-trading"/><!--]--><!--]--><!--]--><!--]--><title>Phemex Futures Trading Guide: Perpetuals, Leverage & How to Trade</title> 63 </head> 64 <body data-sveltekit-preload-data="hover"> 65 <div><!--[--><!--[--><!----><!--[--><!----><!--[!--><!--]--> <!----> <!--[--><div class="uno-hnktl1"><!--[--><!--[!--><!--]--><!----> <!--[--><div><!--[!--><!--]--></div><!--]--> <header class="uno-4znyas home-header home-header-pc bg-main dark svelte-kpvhlt"><!--[!--><div class="header-box left-header-box svelte-kpvhlt"><div class="uno-gi8l88 header-left"><a class="uno-wpxov3" href="/" target="_self"><img class="uno-wugh1v" draggable="false" src="https://static.phemex.com/s/home/logo/logo-transparent-v3-776.png" height="24" alt="logo" srcset=""/></a> <div class="uno-7b57hr"><!----><!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/" class="uno-kzo0n6 menu-title text1 menu-top-item svelte-qd0vr6"><!--[!--><!--]--> Buy Crypto <!--[!--><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[1--><div class="uno-uy171e menu-children-wrap svelte-1fox6sr"><!----><!--[--><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3"><!--[--><!--[--><div class="uno-mihwff text2">Promotions</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/cards/management" class="uno-xtwhbu menu-item svelte-c17i07 has-banner-icon"><!--[--><img class="uno-y01wwf menu-banner-icon svelte-c17i07" draggable="false" width="100%" src="https://static.phemex.com/pubimg/b438a11a8b24f086d868e9bf4cc32d99859b4f39047a4b9019abb4cc47e43378.jpeg" alt="" srcset=""/><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07 uno-ub0330"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Earn Unlimited USDT Cashback on Everyday Spending</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!----><!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3"><!--[--><!--[--><div class="uno-mihwff text2">Buy/Sell Crypto</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/buy-crypto" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">One-Click Buy/Sell</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Buy Crypto in 3 Steps<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/fiat-deposit" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Fiat Deposit</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/fff39bc209478a4f3730e165ca8fdd863a3c58066e6825b60a88fae557533e61.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Zero Fiat Deposit Fee for SWIFT, SEPA & FPS<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/buy-crypto/card" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Credit/Debit Card</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/644ab6972a648aed6f2f51bade53f234b79538dbb797ec7e9f15e846908b8b6a.png" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Buy/Sell Crypto With Visa,Mastercard Card<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--[--><div class="uno-mihwff text2 uno-be2ob9">Spend Crypto</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/cards" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[1--><img class="menu-icon svelte-c17i07" draggable="false" width="24" height="24" src="https://img.phemex.com/v1/1d9b849e-7d5b-41ad-85b5-0fea6a03b97d/card.png" alt="" srcset=""/><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Phemex Card</div> <!--[--><!--[--><!--[--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/s/web/common/hot-v1.png" alt="" srcset=""/><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Spend Crypto Globally. Earn Cashback<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><!--]--><!----></div><!--]--><!----></div><!--]--></div><!----></svelte-css-wrapper><!--]--><!----> <!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/markets" class="uno-kzo0n6 menu-title text1 menu-top-item svelte-qd0vr6"><!--[!--><!--]-->
65 Markets <!--[!--><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[--><div class="only-children-wrap svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3"><div class="menu-list svelte-wkqvy3"><!--[--><!--[!--><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/markets" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Markets</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Get the latest crypto prices and updates<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">On-chain Markets</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Explore Onchain Alpha Opportunities<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/news" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">News</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Latest media articles<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><!--]--><!----></div><!--]--></div><!----></svelte-css-wrapper><!--]--><!----> <!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/" class="uno-kzo0n6 menu-title text1 cmt-2 menu-top-item futuresMenu svelte-qd0vr6"><!--[!--><!--]--> Futures <!--[--><img draggable="false" class="title-icon svelte-qd0vr6" width="14" height="14" src="https://static.phemex.com/s/web/common/hot-v1.png" alt="" srcset=""/><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[1--><div class="uno-uy171e menu-children-wrap svelte-1fox6sr"><!----><!--[--><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3"><!--[--><!--[--><div class="uno-mihwff text2">Promotions</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/en/promo/activity/978" class="uno-xtwhbu menu-item svelte-c17i07 has-banner-icon"><!--[--><img class="uno-y01wwf menu-banner-icon svelte-c17i07" draggable="false" width="100%" src="https://static.phemex.com/pubimg/a4d5d9e8c1a9f99759acc49f290730656063ed9b12ce2a5516f5fb17b4ba5db1.png" alt="" srcset=""/><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07 uno-ub0330"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">$50,000 Phemex Futures Lucky Draw 11th!</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/s/web/common/hot-v1.png" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Join & Trade Now!<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/events/futures" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Futures Events Center</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Explore futures events and earn generous rewards<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3 menu-list-subset"><!--[--><!--[--><div class="uno-mihwff text2">Features</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/futures/BTC-USDT" class="uno-xtwhbu menu-item svelte-c17i07 active"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">USDâ-M Perpetual</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Perpetual Futures Using USDT or USDC as Margin<!----></div><!--]--></div></div> <!--[-->
65<svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/futures/inverse" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">COIN-M Perpetual</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Perpetual Futures using Coin as the collateral<!----></div><!--]--></div></div> <!--[--><svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/copy-trading/list" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Copy Trade</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Follow Top Traders and Copy Their Trades<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/trading-bots?type=CONTRACT_GRID" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Trading Bots</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Automate Your Trading, 24/7<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/moc/trade/BTC-MUSDT" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Mock Trading</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Learn How to Trade with Zero Risk<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--[--><div class="uno-mihwff text2 uno-be2ob9">Explore</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/tradfi" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Phemex TradFi</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/s/web/common/hot-v1.png" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Stocks & metals at crypto speed.<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain/derivatives" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Onchain Derivatives</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Trade High-Potential Coins with Leverage to Amplify Returns<!----></div><!--]--></div></div> <!--[-->
65<svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[--><!----><div class="uno-5riezm market-list-wrap svelte-kuwu4u" style="height: 0px"><div class="uno-31nehz"><form class="uno-u1rmnt search-form svelte-1c4h9a8"><input class="uno-miwbgn search-input T1 svelte-1c4h9a8 is-search" value="" spellcheck="false" type="text" placeholder="Search"/> <!--[--><div class="uno-h50feg search-icon svelte-1c4h9a8"><img src="https://img.phemex.com/v1/23c3ac6b-7154-4481-b5f5-0801dda89933/search.svg" width="16" height="16" alt="" srcset=""/></div><!--]--></form><!----></div> <div class="uno-rlkvho symbol-list 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xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/events/candy-drop" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">CandyDrop</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Complete tasks to claim airdrops<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/crypto-converter" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Convert</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/fff39bc209478a4f3730e165ca8fdd863a3c58066e6825b60a88fae557533e61.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->The Easiest Way To Trade<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/trading-bots?type=SPOT_GRID" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Trading Bots</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Automate Your Trading, 24/7<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--[--><div class="uno-mihwff text2 uno-be2ob9">Onchain</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain/trade" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Onchain Trade</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Instant Trading Onchain Meme Coins<!----></div><!--]--></div></div> <!--[-->
65<svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[--><!----><div class="uno-5riezm market-list-wrap svelte-kuwu4u" style="height: 0px"><div class="uno-31nehz"><form class="uno-u1rmnt search-form svelte-1c4h9a8"><input class="uno-miwbgn search-input T1 svelte-1c4h9a8 is-search" value="" spellcheck="false" type="text" placeholder="Search"/> <!--[--><div class="uno-h50feg search-icon svelte-1c4h9a8"><img src="https://img.phemex.com/v1/23c3ac6b-7154-4481-b5f5-0801dda89933/search.svg" width="16" height="16" alt="" srcset=""/></div><!--]--></form><!----></div> <div class="uno-rlkvho symbol-list svelte-kuwu4u"><svelte-virtual-list-viewport style="height: 100%;" class="svelte-1tqh76q"><svelte-virtual-list-contents style="padding-top: 0px; padding-bottom: 0px;" class="svelte-1tqh76q"><!--[--><!--]--></svelte-virtual-list-contents></svelte-virtual-list-viewport><!----></div></div><!----><!--]--></div><!----></div><!--]--><!----></div><!--]--></div><!----></svelte-css-wrapper><!--]--><!----> <!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/onchain" class="uno-kzo0n6 menu-title text1 menu-top-item onchainMenu svelte-qd0vr6"><!--[!--><!--]--> Onchain <!--[!--><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[--><div class="only-children-wrap svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3"><div class="menu-list svelte-wkqvy3"><!--[--><!--[!--><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain" class="uno-xtwhbu menu-item svelte-c17i07 active"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Onchain Portal</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Explore Onchain Alpha Opportunities<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain/trade" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Onchain Trade</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Instant Trading Onchain Meme Coins<!----></div><!--]--></div></div> <!--[--><svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/onchain/derivatives" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Onchain Derivatives</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Trade High-Potential Coins with Leverage to Amplify Returns<!----></div><!--]--></div></div> <!--[-->
65<svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><!--]--><!----></div><!--]--></div><!----></svelte-css-wrapper><!--]--><!----> <!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/earn-crypto" class="uno-kzo0n6 menu-title text1 menu-top-item earnMenu svelte-qd0vr6"><!--[!--><!--]--> Earn <!--[!--><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[--><div class="only-children-wrap svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3"><div class="menu-list svelte-wkqvy3"><!--[--><!--[!--><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/earn-crypto" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Earn</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Explore all the different ways for investment products<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/earn-crypto/savings" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Savings</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Simple way to grow your assets<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/earn-crypto/onchain-earn" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">On-chain Earn</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Stake to earn, grow your investment with blockchain<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/earn-crypto/launchpool" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Launchpool</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Earn Higher Interest by Staking Popular Cryptos<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="javascript:void(0);" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">PT Zone</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Phemex Token Utility and Benefits<!----></div><!--]--></div></div> <!--[-->
65<svg class="icon arrow" viewBox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" width="14" height="14"><path d="M534.826667 935.466667a47.36 47.36 0 0 1-66.986667-66.773334L835.413333 501.333333 467.84 133.973333a47.36 47.36 0 1 1 66.986667-66.773333l400.64 400.64a47.36 47.36 0 0 1 0 66.986667z" fill="#fff"></path></svg><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/web3/lending" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Phemex Lending Protocol</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Instant Borrowing for Cheap!<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><!--]--><!----></div><!--]--></div><!----></svelte-css-wrapper><!--]--><!----> <!--[--><svelte-css-wrapper style="display: contents; "><div class="uno-nxhgfu wrapper dropdown-wrap uno-ta0a2i svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><div><a href="https://phemex.com/" class="uno-kzo0n6 menu-title text1 menu-top-item moreMenu svelte-qd0vr6"><!--[!--><!--]--> More <!--[!--><!--]--></a><!----></div><!----></div> <!--[--><div class="popover referral-wrap bottom svelte-vcdrrs" hidden><!----><!--[1--><div class="uno-uy171e menu-children-wrap svelte-1fox6sr"><!----><!--[--><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3"><!--[--><!--[--><div class="uno-mihwff text2">Promotions</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/vip" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">VIP Program</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/s/web/common/hot-v1.png" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Trade More, Pay Less - Enjoy Fee discounts<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/institutional-clients" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Institutional</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Optimized access to robust trading suite<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/account/referral/invite-friends" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Referral Program</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Invite & Share: 50 USDT for You, 10 USDT for Your Friend.<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/rewards-hub" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Rewards Hub</div> <!--[--><!--[!--><img class="uno-s0stto menu-title-icon svelte-c17i07" draggable="false" height="14" src="https://static.phemex.com/pubimg/6c61de80ae66c3bc50510133d90e898ca9015bf4861920638ca66be29523ec83.svg" alt="" srcset=""/><!--]--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->
65$15,000 Welcome Rewards & Check Your Rewards Anytime<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/affiliate-program" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Collaborator Program</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Enjoy up to 60% in commission!<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="/broker" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[!--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Broker Program</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Link your clients, get high commissions<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><!--]--><!--]--></div> <!--[!--><!--]--></div><!----></div><div class="uno-p2xzto menu-child-item svelte-1fox6sr"><div class="uno-scgwva aifs menu-group svelte-wkqvy3 mutilple-children"><div class="menu-list svelte-wkqvy3"><!--[--><!--[--><div class="uno-mihwff text2">Information</div><!--]--> <!--[--><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/academy" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Academy</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Learn Everything About Crypto<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/learn-crypto" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Learn & Earn</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->Get Paid to Learn Crypto<!----></div><!--]--></div></div> <!--[!--><!--]--></div></a><!----></div> <!--[!--><!--]--></div><div class="uno-nxhgfu wrapper dropdown-wrap drop-child svelte-vcdrrs" style="--spacing: 20px;"><div class="uno-dsezvl content svelte-vcdrrs"><!----><a href="https://phemex.com/help-center" class="uno-xtwhbu menu-item svelte-c17i07"><!--[!--><!--]--> <div class="uno-rrif4m menu-item-content svelte-c17i07"><div class="uno-rduhcz"><!--[--><!--[!--><!--]--><!--]--> <div class="uno-xtwhbu"><!--[--><div class="uno-lnev6r aifs"><div class="uno-67senp menu-item-title text1 svelte-c17i07">Help Center</div> <!--[!--><!--]--></div><!--]--> <!--[--><div class="uno-ln7tdm menu-item-sub-title text2 svelte-c17i07"><!---->FAQ 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75<!--]--> <div class="icon-wrap-right svelte-ep9d9n"><!--[--><div class="icon-wrapper svelte-4jk18p" style="--width: 24px; --height: 24px; --green-main: #1DBF53; --color: #FFFFFF;"><!----><svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> 76<path d="M4.5 12H19.5" stroke="currentColor" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> 77<path d="M4.5 6.375H19.5" stroke="currentColor" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> 78<path d="M4.5 17.625H19.5" stroke="currentColor" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> 79</svg> 80<!----></div><!--]--><!----></div></div></div></div> <div class="menu svelte-ep9d9n" style="right:-100%"><div class="wrap svelte-1vmwa7t"><!--[--><div class="uno-tkncnh"><a href="https://phemex.com" target="_self"><img class="uno-60np8q logo svelte-1vmwa7t" alt="Logo" src="https://static.phemex.com/s/home/logo/logo-transparent-v3-776.png"/></a> <div class="uno-no3mxn"><!--[--><a class="uno-2afrx5 btn-signup ga svelte-1vmwa7t" href="javascript:;"><span>Sign Up</span></a><!--]--> <div class="uno-l7i6qb iconfont close text1"><!--[--><div class="icon-wrapper svelte-4jk18p" style="--width: 24px; 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94<!--]--></div></div></div> <div class="uno-lxijgc split svelte-1ja0gl2"></div></div> <div class="uno-ykownx btn-group dark svelte-1ja0gl2"><!--[!--><button class="uno-y29c19 btn-bottom text1 medium primary block svelte-ghn1e7"><!--[!--><!--]--> <span><!----><!---->Log In<!----></span></button><!----> <button class="uno-y29c19 btn-signup btn-bottom text1 medium primary block svelte-ghn1e7"><!--[!--><!--]--> <span><!----><!---->Sign Up<!----></span></button><!----><!--]--></div><!----></div><!----></div></div><!----></header><!----><!--]--></div> <!----><!--[!--><!----><!--[--><!----><!----> <main class="article-page svelte-ryhoak"><div class="article-shell svelte-ryhoak"><article class="article-main svelte-ryhoak"><nav class="article-breadcrumb svelte-ryhoak" aria-label="Breadcrumb"><a href="/help-center" class="svelte-ryhoak">Help Center</a> <!--[!--><!--]--> <!--[!--><!--]--></nav> <h1 class="article-title svelte-ryhoak">Futures Trading Guide</h1> <div class="article-meta svelte-ryhoak"><!--[!--><!--]--> <!--[!--><!--]--> <!--[--><span>Updated: Jan 27, 2026</span><!--]--> <!--[--><span>Difficulty: </span><!--]--></div> <!--[!--><!--]--> <section id="article-content" class="article-content svelte-ryhoak"><!----><p><strong>Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide, offering spot and derivatives trading, <a href="https://phemex.com/copy-trading/list">copy trading</a>, and wealth management products.</strong> This guide focuses on the platform’s flagship Derivatives (Futures) trading engine, designed to provide professional traders with up to 100x leverage, deep liquidity, and advanced order types.</p> 95<p>Ready to trade? Open your first futures position → <a href="https://phemex.com/futures/BTC-USDT">https://phemex.com/futures/BTC-USDT</a> </p> 96<h2 id="what-is-crypto-futures-trading">What Is Crypto Futures Trading?</h2> 97<p>When you trade futures on Phemex, you are entering into a contract that mirrors the value of assets like Bitcoin or Ethereum. This offers distinct advantages for professional traders:</p> 98<ul> 99<li> 100<p><strong>High Leverage (Up to 100x):</strong> Amplify your buying power. With 100x leverage, a 1,000 USDT margin can control a position worth 100,000 USDT, maximizing potential returns on small price moves.</p> 101</li> 102<li> 103<p><strong>Two-Way Profitability:</strong> Profit from any market direction. Go Long when you expect prices to rise, or Go Short to profit from market downturns (perfect for hedging Spot portfolios).</p> 104</li> 105<li> 106<p><strong>Strategic Price Exposure:</strong> Bypass the complexities of wallet storage and on-chain transfer fees. You gain instant exposure to asset price volatility without the friction of custody.</p> 107</li> 108<li> 109<p><strong>Capital Efficiency:</strong> Utilize cross-margin modes to open larger positions with less tied-up capital.</p> 110</li> 111</ul> 112<p><strong>Note:</strong> While leverage amplifies profits, it also increases risk. Phemex provides robust risk management tools like Stop Loss and Take Profit to help protect your positions.</p> 113<h2 id="what-are-perpetual-contracts">What Are Perpetual Contracts?</h2> 114<p>The <a href="https://phemex.com/contract/perpetual-contract">Perpetual Contract</a> is the most popular instrument on Phemex Futures. Unlike traditional futures that expire on a set date (e.g., quarterly), perpetual contracts have no expiration date.</p> 115<p><strong>Key Mechanics on Phemex:</strong></p> 116<ul> 117<li> 118<p><strong>Hold Indefinitely:</strong> You can keep a position open as long as you maintain the required maintenance margin.</p> 119</li> 120<li> 121<p><strong>Funding Rate Mechanism:</strong> To keep the contract price aligned with the Spot price, Phemex uses a periodic Funding Rate (exchanged every 8 hours between Longs and Shorts).</p> 122<ul> 123<li> 124<p>Bullish Market: Longs pay Shorts.</p> 125</li> 126<li> 127<p>Bearish Market: Shorts pay Longs.</p> 128</li> 129</ul> 130</li> 131<li> 132<p><strong>Mark Price</strong> <strong>System:</strong> Phemex uses a sophisticated Mark Price (based on a basket of major exchanges) for liquidation calculations. This Anti-Manipulation mechanism protects users from unfair liquidations caused by temporary price wicks.</p> 133</li> 134</ul> 135<h2 id="what-types-of-contracts-does-phemex-offer">What Types of Contracts Does Phemex Offer?</h2> 136<p>Phemex provides a versatile suite of Perpetual Futures Contracts tailored to different market conditions and holding strategies. Whether you hold stablecoins or crypto assets, our platform supports 500+ pairs with distinct margin modes.</p> 137<table class="ace-table"> 138<tbody> 139<tr> 140<td colspan="1" rowspan="1">
141<div class="ace-line ace-line old-record-id-OYpPd4rkVoGt08xFWYDjpf1Npyd"><strong>Contract Type</strong></div> 142</td> 143<td colspan="1" rowspan="1"> 144<div class="ace-line ace-line old-record-id-ZvMgdYJSdo1UpOxAVkrjFjlBpDe"><strong>Margin Asset</strong></div> 145</td> 146<td colspan="1" rowspan="1"> 147<div class="ace-line ace-line old-record-id-Et9gdHV84oKrU0xiMYAj9tp2pRh"><strong>Settlement/Asset</strong></div> 148</td> 149<td colspan="1" rowspan="1"> 150<div class="ace-line ace-line old-record-id-CgNxdLR2ooiILDxgFHAj4iH1pmb"><strong>Strategy / Persona</strong></div> 151</td> 152</tr> 153<tr> 154<td colspan="1" rowspan="1"> 155<div class="ace-line ace-line old-record-id-DfGzdomm5oKXurx86iAj0QAwpYc">USDT-M Perpetual</div> 156</td> 157<td colspan="1" rowspan="1"> 158<div class="ace-line ace-line old-record-id-DTH9dgUoPoKIPZxX7abjDpkPpLe">USDT</div> 159</td> 160<td colspan="1" rowspan="1"> 161<div class="ace-line ace-line old-record-id-REbLdzbfQoAIpSxcobLjyak8ppf">USDT</div> 162</td> 163<td colspan="1" rowspan="1"> 164<div class="ace-line ace-line old-record-id-E48Cd3mnXoysnWxjnYhjyI71pug">Day Trading & Shorting: Easiest for calculating P&L; profits are locked in stable value.</div> 165<div class="ace-line ace-line old-record-id-HqnNdnKGxoqkU8xWI15jSwUep3S"> </div> 166</td> 167</tr> 168<tr> 169<td colspan="1" rowspan="1"> 170<div class="ace-line ace-line old-record-id-LoXbdNtSGoGW27xySmWjP4wqpbd">USDC-M Perpetual</div> 171</td> 172<td colspan="1" rowspan="1"> 173<div class="ace-line ace-line old-record-id-SjTYddYd7oW22Px15cOjYWwUpef">USDC</div> 174</td> 175<td colspan="1" rowspan="1"> 176<div class="ace-line ace-line old-record-id-O1Y5dB3gfoPD3WxhQaHjggx5pSf">USDC</div> 177</td> 178<td colspan="1" rowspan="1"> 179<div class="ace-line ace-line old-record-id-IE1WdGeOTol5FVxSp0TjEvQHpOh">Institutional Trading: Preferred by pros seeking fully audited, compliant stablecoin collateral.</div> 180<div class="ace-line ace-line old-record-id-DsumdE6vOoUqmSxuGZcjjvtxp1e"> </div> 181</td> 182</tr> 183<tr> 184<td colspan="1" rowspan="1"> 185<div class="ace-line ace-line old-record-id-XAw8dNLCAozE0kxI5gmjPT3np5f">COIN-M (Inverse)</div> 186</td> 187<td colspan="1" rowspan="1"> 188<div class="ace-line ace-line old-record-id-B3fKdGBTdozeIExurkkjcx2bpdb">Cryptocurrency (BTC, ETH, etc.)</div> 189</td> 190<td colspan="1" rowspan="1"> 191<div class="ace-line ace-line old-record-id-BZKJdfhJ6oyj5bx6A8MjIB7rp7d">BTC, ETH, etc.</div> 192</td> 193<td colspan="1" rowspan="1"> 194<div class="ace-line ace-line old-record-id-IrCYdJkOFohTZVxN1GkjvZ17pue">Bull Market & HODLing: Ideal for long-term holders wanting to "stack sats" while trading.</div> 195<div class="ace-line ace-line old-record-id-O3NadWdQSoyTzoxOiDAjTmCCptd"> </div> 196</td> 197</tr> 198</tbody> 199</table> 200<h3 id="usdt-margined-linear-contracts">USDT-Margined (Linear) Contracts</h3> 201<p>This is the standard for most traders. You use USDT (Tether) as collateral to open positions on any pair (e.g., BTC/USDT).</p> 202<p><strong>How it works:</strong> Profit and loss are calculated and settled in USDT.</p> 203<p><strong>Why choose it:</strong> It is intuitive and stable. If the market crashes and you are Short, your profits increase in USDT, protecting your portfolio value from crypto volatility.</p> 204<p><strong>Example:</strong> You Open Long on 1 BTC at $90,000. Price hits $91,000. Profit = $1,000 USDT.</p> 205<h3 id="coin-margined-inverse-contracts">COIN-Margined (Inverse) Contracts</h3> 206<p>Inverse contracts utilize the cryptocurrency itself (e.g., Bitcoin, Ethereum) as the margin collateral.</p> 207<p><strong>How it works:</strong> You deposit BTC to trade the BTC/USD pair. Profits are paid out in BTC, not dollars.</p> 208<p><strong>Why choose it:</strong> Perfect for Bull Markets. If you are Long and the price rises, you benefit twice, from the trading profit and the appreciation of your collateral asset (compound growth).</p> 209<p><strong>Example:</strong> You Open Long on 1 BTC using BTC as margin. Price rises 10%. You earn profit in BTC. Since BTC price also rose, your total fiat value increases by >10%.</p> 210<h2 id="phemex-futures-trading-fees--cost-efficiency">Phemex Futures Trading Fees & Cost Efficiency</h2> 211<p>Phemex offers an industry-leading fee structure designed to maximize profitability for both retail scalpers and institutional market makers. Our transparent pricing ensures you keep more of your profits.</p> 212<table class="ace-table"> 213<tbody> 214<tr> 215<td colspan="1" rowspan="1">
216<div class="ace-line ace-line old-record-id-PcFGdIvhMoEvL1xcw0gj5WK3p8c"><strong>Fee Type</strong></div> 217</td> 218<td colspan="1" rowspan="1"> 219<div class="ace-line ace-line old-record-id-GAJ5dDvaGoiOVTx4LfmjdwbDpEb"><strong>Rate</strong></div> 220</td> 221</tr> 222<tr> 223<td colspan="1" rowspan="1"> 224<div class="ace-line ace-line old-record-id-LEGUdSucWoAm0fxA2rqjCdnlpEc">Maker Fee</div> 225</td> 226<td colspan="1" rowspan="1"> 227<div class="ace-line ace-line old-record-id-YtNydIiGuoAVROxP8xzjNRg0pne">0.01%</div> 228</td> 229</tr> 230<tr> 231<td colspan="1" rowspan="1"> 232<div class="ace-line ace-line old-record-id-G5XBdcH4co62KAxfaKijjBDzpfg">Taker Fee</div> 233</td> 234<td colspan="1" rowspan="1"> 235<div class="ace-line ace-line old-record-id-Scurdd7cqoxuNcxmfZgjrN9vp5f">0.06%</div> 236</td> 237</tr> 238<tr> 239<td colspan="1" rowspan="1"> 240<div class="ace-line ace-line old-record-id-MqLOdFI8joFYbsxDc86jiW7Aphg">Funding Rate</div> 241</td> 242<td colspan="1" rowspan="1"> 243<div class="ace-line ace-line old-record-id-Ee0Ld1IhQocVzuxeeDhjCzxppLb">Variable (every 8 hours)</div> 244</td> 245</tr> 246</tbody> 247</table> 248<p><strong>Understanding the Costs:</strong></p> 249<ul> 250<li>Maker Fees (0.01% to 0%): Applied when you place a Limit Order that adds liquidity to the order book. Pro Tip: Reach VIP status to enjoy Zero Maker Fees.</li> 251</ul> 252<p>Taker Fees (0.06% to 0.03%): Applied when you place a Market Order that executes immediately, removing liquidity.</p> 253<p><strong>Maker orders</strong> add liquidity to the order book (limit orders that don't immediately execute).</p> 254<p><strong>Taker orders</strong> remove liquidity from the order book (market orders and limit orders that execute immediately).</p> 255<p><strong>Funding Rates (Peer-to-Peer):</strong></p> 256<p>This is not a fee charged by Phemex. It is a direct payment between Long and Short traders to keep the Perpetual Contract price anchored to the Spot price.</p> 257<ul> 258<li> 259<p>Frequency: Exchanged every 8 hours.</p> 260</li> 261<li> 262<p>Mechanism: Positive rate = Longs pay Shorts; Negative rate = Shorts pay Longs.</p> 263</li> 264</ul> 265<p>VIP tiers offer reduced fees based on 30-day trading volume. For complete fee schedules, visit <a href="https://phemex.com/fees-conditions">Phemex Fees & Conditions</a>.</p> 266<h2 id="what-is-leverage-and-how-does-it-work">What Is Leverage and How Does It Work?</h2> 267<p>Leverage allows you to control a larger position than your actual capital. Phemex offers up to 100x leverage on select pairs.</p> 268<p><strong>Example with 10x leverage:</strong></p> 269<ul> 270<li> 271<p>Your capital: $1,000</p> 272</li> 273<li> 274<p>Position size: $10,000 (10x your capital)</p> 275</li> 276<li> 277<p>If price moves 5% in your favor: $500 profit (50% return on your $1,000)</p> 278</li> 279<li> 280<p>If price moves 5% against you: $500 loss (50% of your capital)</p> 281</li> 282</ul> 283<p>Maximum leverage depends on position size. Larger positions require lower leverage to manage risk:</p> 284<table class="ace-table"> 285<tbody> 286<tr> 287<td colspan="1" rowspan="1"> 288<div class="ace-line ace-line old-record-id-RonKdvXknoFpepxhD29jptjepse"><strong>Position Value</strong></div> 289</td> 290<td colspan="1" rowspan="1"> 291<div class="ace-line ace-line old-record-id-M5otdslrio12bXx5w8Vj3G3Dprg"><strong>Max Leverage</strong></div> 292</td> 293<td colspan="1" rowspan="1"> 294<div class="ace-line ace-line old-record-id-CBmHdaA1moiBuZxE8jqjHv7Zpwd"><strong>Initial Margin</strong></div> 295</td> 296</tr> 297<tr> 298<td colspan="1" rowspan="1"> 299<div class="ace-line ace-line old-record-id-BVoddyQmGorrvzxlWA2jRVH4pmf">$0 - $50,000</div> 300</td> 301<td colspan="1" rowspan="1"> 302<div class="ace-line ace-line old-record-id-Jyccd9STuobl96xb9M8j6CICpjh">100x</div> 303</td> 304<td colspan="1" rowspan="1"> 305<div class="ace-line ace-line old-record-id-RXqkdSGhko8AkGxsDzdjv8wtp7e">1%</div> 306</td> 307</tr> 308<tr> 309<td colspan="1" rowspan="1"> 310<div class="ace-line ace-line old-record-id-UTaAdtWfDoT7VbxMYxbjswVqpbf">$50,000 - $250,000</div> 311</td> 312<td colspan="1" rowspan="1"> 313<div class="ace-line ace-line old-record-id-MgrMdXphNoKVttxaPN2jxl9PpRf">50x</div> 314</td> 315<td colspan="1" rowspan="1"> 316<div class="ace-line ace-line old-record-id-SeXWddrfDomZWyxWdRCjrpHTpbb">2%</div> 317</td> 318</tr> 319<tr> 320<td colspan="1" rowspan="1">
321<div class="ace-line ace-line old-record-id-J3rGdBKlYo0m2CxiHdTjRDlkpMe">$250,000+</div> 322</td> 323<td colspan="1" rowspan="1"> 324<div class="ace-line ace-line old-record-id-Oy5YdNhMqoOSGJxqTdRjQKbIpng">Lower tiers</div> 325</td> 326<td colspan="1" rowspan="1"> 327<div class="ace-line ace-line old-record-id-BWr7dJJZ5oKUfqxeHHUjg0rHp9b">Higher %</div> 328</td> 329</tr> 330</tbody> 331</table> 332<p>Exact tiers vary by trading pair. See <a href="https://phemex.com/contract/leverage-margin">Leverage & Margin</a> for current requirements.</p> 333<h2 id="what-is-margin">What Is Margin?</h2> 334<p>Margin is the collateral required to open and maintain leveraged positions.</p> 335<p><strong>Initial Margin:</strong> The minimum collateral needed to open a position. Calculated as Position Value ÷ Leverage.</p> 336<p><strong>Maintenance Margin:</strong> The minimum collateral needed to keep a position open. If your margin falls below this level, your position is liquidated.</p> 337<h3 id="margin-modes">Margin Modes</h3> 338<p><strong>Cross Margin:</strong> Your entire account balance is used as collateral for all positions. Higher liquidation threshold but risks your full balance.</p> 339<p><strong>Isolated Margin:</strong> Only the margin allocated to a specific position is at risk. Lower liquidation threshold but limits potential loss to that position's margin.</p> 340<p>Most beginners should use isolated margin to limit downside risk while learning.</p> 341<h2 id="what-is-liquidation">What Is Liquidation?</h2> 342<p>Liquidation occurs when your margin falls below the maintenance margin requirement. The exchange automatically closes your position to prevent further losses.</p> 343<p><strong>How to avoid liquidation:</strong></p> 344<ol> 345<li> 346<p><strong>Use lower leverage:</strong> 5-10x is generally safer than 50-100x</p> 347</li> 348<li> 349<p><strong>Set stop losses:</strong> Automatically exit positions before liquidation</p> 350</li> 351<li> 352<p><strong>Monitor margin ratio:</strong> Keep buffer above maintenance margin</p> 353</li> 354<li> 355<p><strong>Add margin:</strong> Deposit additional collateral if needed</p> 356</li> 357<li> 358<p><strong>Use isolated margin:</strong> Limit exposure per position</p> 359</li> 360</ol> 361<p>Phemex uses a Mark Price (fair price based on spot index) for liquidations rather than Last Price, preventing manipulation-triggered liquidations.</p> 362<h3 id="understanding-margin--liquidation">Understanding Margin & Liquidation</h3> 363<p>Phemex Futures employs a sophisticated risk engine to protect both traders and the platform.</p> 364<p><strong>Initial Margin:</strong> The minimum collateral required to open a position (e.g., 1% for 100x leverage).</p> 365<p><strong>Maintenance Margin:</strong> The absolute minimum balance needed to keep a position open. Falling below this triggers liquidation.</p> 366<p><strong>Anti-Liquidation Mechanism:</strong> We use Mark Price (a fair price index) instead of Last Price for liquidation triggers. This prevents "scam wicks" and protects users from market manipulation.</p> 367<h3 id="margin-modes-for-every-strategy"><strong>Margin Modes for Every Strategy:</strong></h3> 368<p><strong>Isolated Margin</strong> (Recommended for Beginners): Limits risk to a specific position only. If liquidated, your main wallet balance is safe.</p> 369<p><strong>Cross Margin:</strong> Utilizes your entire account balance to prevent liquidation during high volatility.</p> 370<h2 id="how-to-start-futures-trading-on-phemex-quick-start">How to Start Futures Trading on Phemex (Quick Start)</h2> 371<h3 id="step-1-transfer-funds-to-futures-account">Step 1: Transfer Funds to Futures Account</h3> 372<p>Follow this streamlined process to execute your first trade in under 2 minutes:</p> 373<ol> 374<li> 375<p><strong>Transfer Assets:</strong> Instantly move USDT or BTC from your Spot Wallet to your Futures Account.</p> 376</li> 377<li> 378<p><strong>Select Contract:</strong> Choose from 500+ pairs (e.g., BTCUSDT Perpetual).</p> 379</li> 380<li> 381<p><strong>Configure Risk:</strong> Set your Leverage (1x-100x) and choose Isolated or Cross margin.</p> 382</li> 383<li> 384<p><strong>Execute Order:</strong></p> 385<ol> 386<li> 387<p>Bullish? Click Open Long.</p> 388</li> 389<li> 390<p>Bearish? Click Open Short.</p> 391</li> 392</ol> 393</li> 394</ol> 395<p><strong>Pro Tip:</strong> Always set a Stop Loss before opening to automate risk management.</p> 396<h3 id="step-2-navigate-to-contract-trading">Step 2: Navigate to Contract Trading</h3> 397<p>Go to <a href="https://phemex.com/futures/BTC-USDT">Futures Trading</a> or click "Futures" in the navigation menu.</p> 398<h3 id="step-3-select-your-features">Step 3: Select Your Features</h3> 399<p>Choose your trading pair from the menu. Select between:</p> 400<ul> 401<li> 402<p>USDT-M Perpetual (e.g., <a href="https://phemex.com/futures/BTC-USDT">BTCUSDT</a>)</p> 403</li> 404<li> 405<p>USDC-M Perpetual (e.g., <a href="https://phemex.com/trade/BTC-USDC">BTCUSDC</a>)</p> 406</li> 407<li> 408<p>COIN-M Perpetual (e.g., <a href="https://phemex.com/futures/inverse/BTC-USD">BTCUSD inverse</a>)</p> 409</li> 410</ul> 411<h3 id="step-4-set-leverage-and-margin-mode">Step 4: Set Leverage and Margin Mode</h3> 412<ol> 413<li> 414<p>Click the leverage indicator</p> 415</li> 416<li> 417<p>Adjust leverage slider (1x to 100x)</p> 418</li> 419<li> 420<p>Select Cross or Isolated margin mode</p> 421</li> 422</ol> 423<h3 id="step-5-place-your-order">Step 5: Place Your Order</h3> 424<p><strong>To Go Long (buy):</strong></p> 425<ol> 426<li> 427<p>Select order type (Market, Limit, or Conditional)</p> 428</li> 429<li> 430<p>Enter quantity</p> 431</li> 432<li> 433<p>Set TP/SL if desired</p> 434</li> 435<li> 436<p>Click <strong>Long</strong></p> 437</li> 438</ol> 439<p><strong>To Go Short (sell):</strong></p> 440<ol> 441<li> 442<p>Select order type</p> 443</li> 444<li> 445<p>Enter quantity</p> 446</li> 447<li> 448<p>Set TP/SL if desired</p> 449</li> 450<li> 451<p>Click <strong>Short</strong></p> 452</li> 453</ol> 454<p>For detailed instructions, see <a href="https://phemex.com/help-center/how-do-i-place-a-perpetual-contract-order">
454How to Place a Perpetual Contract Order</a>.</p> 455<h2 id="what-is-phemex-copy-trading">What Is Phemex Copy Trading?</h2> 456<p>Phemex <a href="https://phemex.com/copy-trading/list">Copy Trading</a> is the ultimate solution for users seeking professional returns without the time commitment. Unlike standard platforms, our system offers transparent performance data and institutional-grade execution.</p> 457<p><strong>Why Phemex Copy Trading leads the industry:</strong></p> 458<ul> 459<li> 460<p><strong>Verified Top Traders:</strong> We curate elite traders based on real ROI, win rates, and max drawdown, filtering out high-risk gamblers.</p> 461</li> 462<li> 463<p><strong>One-Click Replication:</strong> Automatically mirror the positions of pro traders in real-time.</p> 464</li> 465<li> 466<p><strong>Flexible Modes:</strong></p> 467<ul> 468<li> 469<p><strong>Fixed Margin Mode:</strong> Invest a specific amount (e.g., 10 USDT) per trade.</p> 470</li> 471<li> 472<p><strong>Multiplier Mode:</strong> Scale your position size proportionally to the pro trader.</p> 473</li> 474</ul> 475</li> 476<li> 477<p><strong>User Control</strong>: You retain full custody. Stop copying or close positions manually at any time.</p> 478</li> 479</ul> 480<p>Ready to automate? Visit the <a href="https://phemex.com/copy-trading/leaderboard">Copy Trading Leaderboard</a> to find your match.</p> 481<h3 id="how-copy-trading-works">How Copy Trading Works</h3> 482<p>Phemex curates top traders based on their historical returns, risk management, and fully disclosed performance data. When you follow a trader, their positions are automatically copied to your account in real-time.</p> 483<p><strong>Standard process:</strong></p> 484<ol> 485<li> 486<p><strong>Select a Trader:</strong> Browse the Copy Trading leaderboard and review trader performance, win rate, drawdown, and follower count</p> 487</li> 488<li> 489<p><strong>Configure Copy Settings:</strong> Set your investment amount and copy mode</p> 490</li> 491<li> 492<p><strong>Automatic Execution:</strong> Trades are copied in real-time when the trader opens positions</p> 493</li> 494<li> 495<p><strong>Monitor Performance:</strong> Track your copy trading P&L in the dashboard</p> 496</li> 497<li> 498<p><strong>Close Anytime:</strong> Exit copied positions manually or let the trader close them</p> 499</li> 500</ol> 501<h3 id="copy-trading-modes">Copy Trading Modes</h3> 502<p><strong>Smart Copy Mode</strong>: Simply set your investment amount. All other settings will be copied 1:1 from the Trader. We highly recommend this mode.</p> 503<p><strong>Customise Mode:</strong> Available for select Traders. This mode allows you to manually configure details such as Margin Mode and Leverage to suit your specific preferences.</p> 504<ul> 505<li><strong>Fixed Margin Mode:</strong> Each copied trade opens with a fixed amount you specify, regardless of the trader's position size.</li> 506</ul> 507<p> </p> 508<p><em>Example:</em> You set fixed margin at 10 USDT. If the lead trader opens a 150 USDT BTC position, your copied position opens with 10 USDT.</p> 509<ul> 510<li><strong>Multiplier Mode:</strong> Your position size is calculated by multiplying the trader's order size by your chosen multiplier.</li> 511</ul> 512<p><em>Example:</em> You set 0.5x multiplier. If the lead trader opens a 100 USDT position, your copied position is 50 USDT.</p> 513<h3 id="managing-copy-trading-investments">Managing Copy Trading Investments</h3> 514<ul> 515<li> 516<p><strong>Increase Investment:</strong> Transfer USDT or USDC from your spot or futures account to add funds</p> 517</li> 518<li> 519<p><strong>Decrease Investment:</strong> Withdraw profits when you have no open copy trading positions</p> 520</li> 521<li> 522<p><strong>Follow Multiple Traders:</strong> Diversify by copying several traders simultaneously</p> 523</li> 524</ul> 525<h3 id="how-to-start-copy-trading">How to Start Copy Trading</h3> 526<ol> 527<li> 528<p>Go to <strong>Futures</strong> → <strong>Copy Trade</strong></p> 529</li> 530<li> 531<p>Browse available traders and review their statistics</p> 532</li> 533<li> 534<p>Click <strong>Copy</strong> on your chosen trader</p> 535</li> 536<li> 537<p>Set your investment amount</p> 538</li> 539<li> 540<p>Confirm and start copying</p> 541</li> 542</ol> 543<p>For complete setup instructions, see the <a href="https://phemex.com/help-center/futures-copy-trading">Phemex Futures Copy Trading Guide</a>.</p> 544<h2 id="advanced-order-types-for-pros">Advanced Order Types for Pros</h2> 545<p>Phemex offers a full suite of algorithmic order types to give you precision control:</p> 546<ul> 547<li> 548<p><strong>Post-Only:</strong> Ensures your order enters the book as a Maker (earning lower fees or rebates).</p> 549</li> 550<li> 551<p><strong>Reduce-Only:</strong> Guarantees an order only closes a position, preventing accidental new opens.</p> 552</li> 553<li> 554<p><strong>Trigger Orders (Conditional):</strong>
554 Automate entries based on breakouts or technical levels.</p> 555</li> 556<li> 557<p><strong>Bracket Orders (TP/SL):</strong> Set Take Profit and Stop Loss.</p> 558</li> 559</ul> 560<p>For complete order type explanations, see <a href="https://phemex.com/help-center/order-types">Order Types</a>.</p> 561<h2 id="risk-management-strategies">Risk Management Strategies</h2> 562<p>Successful trading is 90% risk management. Phemex empowers you with:</p> 563<ul> 564<li> 565<p><strong>Smart Position Sizing:</strong> Never risk more than 1-2% of capital per trade.</p> 566</li> 567<li> 568<p><strong>Technical Stop Losses:</strong> Place exits based on support/resistance levels, not just feelings.</p> 569</li> 570<li> 571<p><strong>Diversification:</strong> Use our Sub-Account System to isolate different strategies (e.g., one account for Bot trading, one for manual scalping).</p> 572</li> 573</ul> 574<h2 id="faq-futures--copy-trading">FAQ: Futures & Copy Trading</h2> 575<p><strong>Q: What is the difference between Spot and Futures?</strong></p> 576<p>A: Spot is for buying and owning assets (HODL). Futures are for trading price movements with leverage (Long/Short) and do not involve asset ownership.</p> 577<p><strong>Q: Can I trade Futures without KYC?</strong></p> 578<p>A: You can explore the platform, but to deposit fiat or withdraw significant profits, [Identity Verification] is recommended for security and higher limits.</p> 579<p><strong>Q: How do I avoid liquidation?</strong></p> 580<p>A: Use Isolated Margin, keep leverage below 10x, and always use a Stop Loss. Monitoring your Margin Ratio is critical.</p> 581<hr> 582<h4 id="start-futures-trading-now"><a href="https://phemex.com/futures/BTC-USDT">Start Futures Trading Now</a></h4> 583<h2 id="related-resources">Related Resources</h2> 584<ul> 585<li> 586<p><a href="https://phemex.com/help-center/how-do-i-place-a-perpetual-contract-order">How to Place a Perpetual Contract Order</a></p> 587</li> 588<li> 589<p><a href="https://phemex.com/help-center/legerage-IM-MM-USDTM">Leverage, Initial Margin & Maintenance Margin</a></p> 590</li> 591<li> 592<p><a href="https://phemex.com/user-guides/what-are-inverse-and-linear-contracts">USDT-M vs COIN-M Contracts</a></p> 593</li> 594<li> 595<p><a href="https://phemex.com/contract/introduction">Perpetual Futures Introduction</a></p> 596</li> 597<li> 598<p><a href="https://phemex.com/help-center/futures-copy-trading">Phemex Futures Copy Trading Guide</a></p> 599</li> 600<li> 601<p><a href="https://phemex.com/academy/what-is-contract-trading">What is Contract Trading?</a></p> 602</li> 603</ul><!----></section> <!----> <!--[!--><!--]--> <section class="direct-help-card svelte-ryhoak"><h2 class="svelte-ryhoak">Sorry we couldn't help â let us assist you directly</h2> <p class="svelte-ryhoak">Choose a contact method â support responds within 2 minutes:</p> <div class="support-actions svelte-ryhoak"><button type="button" class="support-btn support-btn--chat svelte-ryhoak"><img src="https://static.phemex.com/pubimg/0d4aab5a1badbbf676ff61bffadf0fc12530bd3281c0c270e4a3dff438568a52.png" alt="" aria-hidden="true" loading="lazy" class="svelte-ryhoak"/>Live Chat</button> <a class="support-btn support-btn--ticket svelte-ryhoak" href="https://phemex.zendesk.com/hc/en-us/requests/new" target="_blank" rel="noopener noreferrer"><img src="https://static.phemex.com/pubimg/07bccfcac0e76c3428aaecadcbb6cb57adbe6fc89450711cd49b6f8afe2d9b41.png" alt="" aria-hidden="true" loading="lazy" class="svelte-ryhoak"/>Submit Ticket</a></div></section> <!--[!--><!--]--> <section class="status-cta svelte-ryhoak"><h2 class="svelte-ryhoak">Log in to check your account status in real time</h2> <button type="button" class="svelte-ryhoak">Login / Register</button></section></article> <aside class="article-aside svelte-ryhoak"><h2 class="toc-title svelte-ryhoak">Table of Contents</h2> <nav class="toc-list svelte-ryhoak" aria-label="Table of Contents"><!--[--><a href="#article-content" class="svelte-ryhoak">Why Was My Account Restricted?</a><a href="#article-content" class="svelte-ryhoak">How Long Will It Last?</a><a href="#article-content" class="svelte-ryhoak">How to Appeal</a><a href="#article-content" class="svelte-ryhoak">FAQ</a>
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603<!--]--></ul><!--]--></div><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--]--></div><div class="uno-kz2z7v"><!--[--><!--[!--><!--]--><!--[!--><!--]--><!--[--><div class="uno-7y88gd box box-1 svelte-1vkn1rl"><div class="uno-5fx3iv TW c-title svelte-1vkn1rl"><span>Services</span> <!--[!--><!--]--></div> <!--[--><ul class="svelte-1vkn1rl"><!--[--><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="welcome_bonus" href="https://phemex.com/rewards-hub" target="_self">Rewards Hub</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="referral_invite_friends" href="https://phemex.com/account/referral/invite-friends" target="_self">Referral Bonus</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="vip_portal" href="https://phemex.com/vip-portal" target="_self">VIP Portal</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="vip_program" href="https://phemex.com/vip" target="_self">Phemex VIP Program</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="all_star_program" href="https://phemex.com/affiliate-program" target="_self">Collaborator Program</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="institutional_clients" href="https://phemex.com/institutional-clients" target="_self">Institution Client Program</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" href="https://phemex.com/announcements/listing-application" target="_self">Listing Application</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" href="https://phemex.com/announcements/listing-suggestions" target="_self">Listing Suggestions</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" href="https://testnet.phemex.com" target="_self">Simulated Trading</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" href="https://phemex.com/account/tax-reporting" target="_self">Tax</a></li><!--]--></ul><!--]--></div><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--]--></div><div class="uno-kz2z7v"><!--[--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[--><div class="uno-7y88gd box box-2 svelte-1vkn1rl"><div class="uno-5fx3iv TW c-title svelte-1vkn1rl"><span>Buy more cryptos</span> <!--[!--><!--]--></div> <!--[--><ul class="svelte-1vkn1rl"><!--[--><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="buy_bitcoin_btn" href="https://phemex.com/how-to-buy/bitcoin" target="_blank">Buy Bitcoin</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="buy_dogecoin" href="https://phemex.com/how-to-buy/dogecoin" target="_blank">Buy Dogecoin</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="buy_litecoin" href="https://phemex.com/how-to-buy/litecoin" target="_blank">Buy Litecoin</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="buy_ethereum_btn" href="https://phemex.com/how-to-buy/ethereum" target="_blank">Buy Ethereum</a></li><!--]--></ul><!--]--></div><!--]--><!--[--><div class="uno-7y88gd box box-2 svelte-1vkn1rl"><div class="uno-5fx3iv TW c-title svelte-1vkn1rl"><span>Crypto Prices</span> <!--[!--><!--]--></div> <!--[--><ul class="svelte-1vkn1rl"><!--[--><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="bitcoin_price" href="https://phemex.com/price/bitcoin" target="_blank">Bitcoin Price</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="ethereum_price" href="https://phemex.com/price/ethereum" target="_blank">Ethereum Price</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="solana_price" href="https://phemex.com/price/solana" target="_blank">Solana Price</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="dogecoin_price" href="https://phemex.com/price/dogecoin" target="_blank">Dogecoin Price</a></li>
603<!--]--></ul><!--]--></div><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--]--></div><div class="uno-kz2z7v"><!--[--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[--><div class="uno-7y88gd box box-3 svelte-1vkn1rl"><div class="uno-5fx3iv TW c-title svelte-1vkn1rl"><span>Partners</span> <!--[!--><!--]--></div> <!--[--><ul class="svelte-1vkn1rl"><!--[--><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="coinmarketcap" href="https://coinmarketcap.com/exchanges/phemex" target="_blank">CoinMarketCap</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="coingecko" href="https://www.coingecko.com/en/exchanges/phemex" target="_blank">CoinGecko</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="coincodex" href="https://coincodex.com/exchange/phemex/" target="_blank">Coincodex</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="tradingview" href="https://www.tradingview.com/broker/Phemex/" target="_blank">TradingView</a></li><!--]--></ul><!--]--></div><!--]--><!--[!--><!--]--><!--]--></div><div class="uno-kz2z7v"><!--[--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[!--><!--]--><!--[--><div class="uno-7y88gd box box-4 svelte-1vkn1rl"><div class="uno-5fx3iv TW c-title svelte-1vkn1rl"><span>Company</span> <!--[!--><!--]--></div> <!--[--><ul class="svelte-1vkn1rl"><!--[--><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="about_us" href="https://phemex.com/about" target="_self">About Us</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="brandsite" href="https://phemex.com/about/brand-style-guide" target="_self">Brandsite</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="careers" href="https://www.linkedin.com/company/phemex/jobs/" target="_blank">Careers</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="student" href="https://phemex.com/student-foundation" target="_self">Student Foundation</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="announcements" href="https://phemex.com/announcements" target="_blank">Announcements</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="security" href="https://phemex.com/security" target="_self">Security</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="privacy_policy" href="https://phemex.com/help-center/phemex-privacy-policy" target="_blank">Privacy Policy</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="terms" href="https://phemex.com/help-center/phemex-terms-of-use" target="_blank">Terms of Use</a></li><li class="svelte-1vkn1rl"><a class="ga svelte-1vkn1rl" data-gac="footer.link" data-gaa="link_click" data-gal="sitemap" href="https://phemex.com/sitemap" target="_self">Site Map</a></li><!--]--></ul><!--]--></div><!--]--><!--]--></div><!--]--></div> <div class="uno-ilt6qr"><div class="uno-ed3a8d media svelte-1ezkxj1"><!--[--><a class="ga svelte-1ezkxj1" data-action="footerlink" data-label="footerlink.Facebook" target="_blank" rel="noopener noreferrer nofollow" href="https://www.facebook.com/Phemex.official"><img draggable="false" width="28" height="28" class="lazyload svelte-1ezkxj1" src="https://static.phemex.com/s/web/home/footer/facebook-color-off.svg" alt="Facebook"/></a><a class="ga svelte-1ezkxj1" data-action="footerlink" data-label="footerlink.Twitter" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/Phemex_official"><img draggable="false" width="28" height="28" class="lazyload svelte-1ezkxj1" src="https://static.phemex.com/s/web/home/footer/x-twitter-color-off.svg" alt="Twitter"/></a><a class="ga svelte-1ezkxj1" data-action="footerlink" data-label="footerlink.Telegram" target="_blank" rel="noopener noreferrer nofollow" href="https://t.me/Phemex_EN"><img draggable="false" width="28" height="28" class="lazyload svelte-1ezkxj1" src="https://static.phemex.com/s/web/home/footer/telegram-color-off.svg" alt="Telegram"/>
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